Intelligent Transportation System Market Appraised Growth Value at a CAGR of 11.9 % by 2027 | Hitachi Ltd, Thales Group, WS Atkins PLC, Telenav, Inc., EFKON AG, Iteris, Inc.

The Intelligent Transportation System Market Analysis study is based on firsthand data, qualitative and quantitative analysis by industry experts, and feedback from industry professionals and participants from all parts of the value chain. With strategic research, small and macro business trends and eventualities, value analysis, and a holistic overview within the projection amount, the study provides an in-depth look at major competitors. Market trends, macroeconomic statistics, governing forces, and market attractiveness in various segments are all examined in this study. It looks at future growth determinants as well as the existing state of market share and technology penetration. Primary and secondary drivers, market share, top categories, and geographical analysis are all covered in depth in these reports. The global intelligent transportation systems (ITS) market was valued at US$ 30.1 Bn in 2019 and is forecast to reach a value of US$ 74.3 Bn by 2027 at a CAGR of 11.9% between 2020 and 2027.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁:
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𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗥𝗶𝘃𝗮𝗹𝗿𝘆:

➡ Siemens AG
➡ TomTom NV
➡ Hitachi Ltd
➡ Thales Group
➡ WS Atkins PLC
➡ Telenav Inc.
➡ Nuance Communications Incorporation
➡ Kapsch TrafficCom AG
➡EFKON AG
➡ Iteris Inc.
➡ Garmin International Inc.

Transport authorities: This includes regional and national transportation authorities who install ITSs to control and manage operations of transportation networks. Some of transportation authorities also act as regulatory bodies to set standards and regulations for implementation and development of ITSs. They also collaboratively work with equipment and software suppliers for innovations and improve the functionality of the existing systems. Major players in the market are focused on research and development activities, in order to enhance the market presence. For instance, in March 2013, Hitachi Ltd introduced a tiny self-driving car i.e. ROPITS (Robot for Personal Intelligent Transportation System). This car is specially designed to offer to pick and drop facilities for growing number of elderly citizens and for physically disabled people. In July 2011, Nuance Communications Inc. launched the Natural Language Understanding (NLU) Interactive Voice Response (IVR) system for US Airways in order to deliver a fast and personalized travelling experience

𝗧𝗼 𝗚𝗲𝘁 𝗠𝗼𝗿𝗲 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗣𝗗𝗙 𝗦𝗮𝗺𝗽𝗹𝗲 𝗮𝘁-
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𝗗𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

Global Intelligent Transportation Systems (ITS) Market, By Type:
➡ Advanced Traveler Information System (ATIS)
➡ Advanced Traffic Management System (ATMS)
➡ Advanced Transportation Pricing Systems (ATPS)
➡ Advanced Public Transport System (APTS)
➡ Co-operative Vehicle Systems (CVS)

Global Intelligent Transportation Systems (ITS) Market, By Application:
➡ Traffic Management
➡ Road Safety And Surveillance
➡ Freight Management
➡ Public Transport
➡ Environment Protection
➡ Automotive Telematics
➡ Parking Management
➡ Road User Charging

𝗥𝗲𝗮𝘀𝗼𝗻𝘀 𝘁𝗼 𝗕𝘂𝘆 𝘁𝗵𝗶𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁:-

☑ Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.

☑ Classify potential new clients or partners in the target demographic.

☑ Recognize emerging players with potentially strong product portfolios.

☑ Create effective business strategies to gain a competitive advantage.

☑ Develop tactical initiatives by understanding the focus areas of leading companies.

☑ Plan mergers and acquisitions meritoriously by identifying Top Manufacturer.

☑ Formulate corrective measures for pipeline projects by understanding Intelligent Transportation Systems (ITS) pipeline depth.

☑ Develop and design in-licensing and out-licensing strategies by identifying and expanding business potential and Scope.

☑ The report will be updated with the latest data and delivered to you according to requirements.

𝗚𝗲𝘁 𝗠𝗮𝘅𝗶𝗺𝘂𝗺 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 @
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Strategic Points Covered in Table of Content of Global Intelligent Transportation Systems (ITS) Market:-

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Intelligent Transportation Systems (ITS) market

Chapter 2: Exclusive Summary - the basic information of the Intelligent Transportation Systems (ITS) Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends, and Challenges of the Intelligent Transportation Systems (ITS)

Chapter 4: Presenting the Intelligent Transportation Systems (ITS) Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying market size by Type, End-User, and Region

Chapter 6: Evaluating the leading manufacturers of the Intelligent Transportation Systems (ITS) market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries, and by manufacturers with revenue share and sales by key countries (2022-2027).

Chapter 8 & 9: Displaying the Appendix, Methodology, and Data Source

The report evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends,s and provides exhaustive PEST analysis. If you need anything more than these then let us know and we will prepare the report according to your requirement.

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