Intelligent Transportation System Industry Set to Witness Explosive Growth by 2031 | Siemens AG, Telenav, Inc., Thales Group

The latest research report on the Global Intelligent Transportation System Industry for the forecast period, 2021-2031 is involved in screening the business environment and the companies operating in the Intelligent Transportation System industry. Importantly, the research sheds a lot of light on their successful strategies to help stakeholders, business owners, and field marketing executives stay ahead in the competition. Besides, the industry is thoroughly weighed based on the total revenue generated as well as the output/volume produced year after year. Other aspects including but not limited to the drivers, key opportunities and expected restraints are thoroughly assessed during the research.

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Industry Trends

Increased investment in public transport systems, integration of advanced technology to enhance road safety and efficient traffic management, proliferation of IoT and rising environment related concerns are the key factors fueling the adoption of intelligent transportation systems across the globe. The global intelligent transportation system industry is expected to exhibit prominent growth during the forecast period. Intelligent transportation systems are deployed to inform the passengers and drivers of public transport systems regarding the real time traffic conditions. The limitations of existing traffic monitoring and controlling infrastructure along with increased traffic are contributing towards the growth of the global intelligent transportation system industry.

Industry Analysis and Insights: Intelligent Transportation System Industry

Intelligent Transportation System industry is expected to gain industry growth in the forecast period of 2021 to 2031. insightSLICE analyses the domain is growing at a healthy CAGR in the above-mentioned research forecast period.

Significant industry participants have been assessed while conducting research:

ADDCO, Agero, Inc., DENSO CORPORATION, EFKON GmbH, Garmin International, Inc., Hitachi, Ltd., Iteris, Inc., Kapsch TrafficCom, Lanner, Nuance Commination, Inc., Q-Free ASA, Ricardo, Sensys Networks, Inc., Siemens AG, Telenav, Inc., Thales Group, TomTom International, TransCore, and Xerox Corporation.

The Intelligent Transportation System industry is segmented based on type, application and end client. The development among these sections will assist you with breaking down small development portions in the enterprises, and furnish the clients with significant domain outline and domain experiences to assist them in settling on essential choices for distinguishing proof of center with showcasing applications.

Segmentation Overview:

By Component:

Hardware
Software
Services

By Type:

Advanced traffic management system
Advanced traveler information system
Enabled transportation pricing system
Advanced public transportation system
Commercial vehicle operation
Others

By Application :

Traffic management
Road safety and security
Freight management
Public transport
Environment protection
Automotive telematics
Parking management
Road tolling systems
Others

By Region

North America
Europe
Asia Pacific
Middle East & Africa
South America

Features Major Key Factors in Intelligent Transportation System Industry Report:

» Business overview describing areas of operation.

» Geographic reach providing details about locations of operation and sales.

» Significant Products and Services A rundown of significant items, administrations, and brands of the organization.

» Key Competitors-A list of key contenders to the organization.

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The study has been conducted on the basis of inputs from the industry leaders. Thus, a conscious effort to dive deep and discover hard to seek information pertaining to the growing domain landscape and growth prospects over the next few years is clearly visible in the study. The domain intelligence report further comprises of discussions about the major vendors operating in the Intelligent Transportation System space.

The research provides answers to the following key questions:

What will be the size of the Intelligent Transportation System industry and growth rate for the forecast period 2021-2031?

What are the major driving factors expected to shape the future of the Intelligent Transportation System industry?

Who are prominent players dominating the Intelligent Transportation System industry?

What have been their successful strategies so far?

What are the key trends anticipated to influence the development of the industry worldwide?

What are major threats and challenges hindering the growth of the industry across different regions?

What are the opportunities prominent vendors are eyeing to stay competitive in the global industry?

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About Us:

We are a team of research analysts and management consultants who share a common vision to help individuals and organizations achieve their short-term and long-term strategic goals by expanding high-quality research services. insightSLICE was established to support mature companies, start-ups and non-profit organizations in various industries, including packaging, automotive, healthcare, chemicals and materials, industrial automation, consumer products, electronics and semiconductors, IT and telecommunications, and energy. Our internally experienced team of analysts has extensive experience in the research industry.

This release was published on openPR.