Global Intelligent Transportation System Market: Emerging Trends, Major Key Players Thales Group, Siemens, Kapsch TrafficCom, and Garmin.

According to the report, The global Intelligent Transportation System market size is expected to grow from $ Million in 2020 to $ Million by 2028 growing at the CAGR of 17.5% from 2021 to 2028. The major factor driving the Intelligent Transportation System Market is the rising number of traffic accidents and fatalities on roads. Several technologies are being developed to address the constant threat of road accidents and fatalities. These technologies will be used to monitor the road conditions, measure traffic speed and volume, detect and classify vehicles and communicate via wireless or wired connections. As expenses on vehicles are increasing, the installation and maintenance of these technologies will also increase.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global INTELLIGENT TRANSPORTATION SYSTEM industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Intelligent Transportation System market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Intelligent Transportation System players holding highest market share include Thales Group, Siemens, Kapsch TrafficCom, and Garmin.. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Thales Group
• Siemens
• Kapsch TrafficCom
• Garmin
• TomTom International
• Cubic Corporation
• Q-Free
• EFKON
• FLIR Systems Inc
• Indra Sistemas

Segmental Analysis

Market Segment By Offering with focus on market share, consumption trend, and growth rate of INTELLIGENT TRANSPORTATION SYSTEM Market:
o Hardware
o Software
o Services

Market Segment By System with focus on market share, consumption trend, and growth rate of INTELLIGENT TRANSPORTATION SYSTEM Market:
o Advanced Traffic Management System
o Advanced Traveler Information System
o ITS-Enabled Transportation Pricing System
o Advanced Public Transportation System
o Commercial Vehicle Operation

Market Segment By Application with a focus on market share, consumption trend, and growth rate of INTELLIGENT TRANSPORTATION SYSTEM Market:
o Fleet Management and Asset Monitoring
o Intelligent Traffic Control
o Collision Avoidance
o Parking Management
o Passenger Information Management
o Ticketing Management
o Emergency Vehicle Notification
o Automotive Telematics

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Global Intelligent Transportation System Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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