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Intelligent Transport Systems Market Showing Impressive Growth during Forecast Period 2022 - 2029
Intelligent Transport Systems Market
Intelligent Transport Systems Market 2022-2029" Research Report categorizes the Intelligent Transport Systems market by key players, product type, applications and regions, etc. The report also covers the latest industry data, key player's analysis, market share, growth rate, opportunities and trends, investment strategy for your reference in analyzing the Intelligent Transport Systems market.
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According to this latest study, the 2022 growth of Intelligent Transport Systems will have significant change from the previous year. The global intelligent transportation system market size was valued at USD 28.25 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2030. The growing demand for traffic control solutions, smart vehicles, the improved safety and surveillance offered by modern cameras, License Plate Recognition (LPRs), and the rapid development of smart cities, among others, are contributing to the growth of the intelligent transportation system industry.
Many companies are operating in the market and conduct their businesses through joint ventures, which benefit the overall market. The Key Players Analysis for the industry is presented in this report.
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This study especially analyses the impact of Covid-19 outbreak on the Intelligent Transport Systems, covering the supply chain analysis, impact assessment to the Intelligent Transport Systems market size growth rate in several scenarios, and the measures to be undertaken by Intelligent Transport Systems companies in response to the COVID-19 epidemic.
Top Manufactures in Global Intelligent Transport Systems Market Includes:
• Redflex Holdings Limited
• THALES Company
• Garmin International Inc.
• BAE SYSTEMS PLC Company
• NORTHROP GRUMMAN CORPORATION
• Kapsch Trafficcom AG.
• WS ATKINS PLC
• Q-free ASA
• BT Signaal
• WSP Parsons
Market Segment by Type, covers:
• Advanced Traffic Management System
• Advanced Traveler Information System
• Advanced Vehicle Control System
• Commercial Vehicle Operation
• Advanced Public Transportation System
Market Segment by Applications, can be divided into:
• Traffic Management
• Road Safety And Security
• Freight Management
• Public Transport
• Environment Protection
• Automotive Telematics
• Parking Management
• Road Tolling Systems
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges, and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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Related Information:
North America Intelligent Transport Systems Market Growth 2021-2027
United States Intelligent Transport Systems Market Growth 2021-2027
Asia-Pacific Intelligent Transport Systems Market Growth 2021-2027
Europe Intelligent Transport Systems Market Growth 2021-2027
EMEA Intelligent Transport Systems Market Growth 2021-2027
Global Intelligent Transport Systems Market Growth 2021-2027
China Intelligent Transport Systems Market Growth 2021-2027
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