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Intelligent Transportation System Market is Expected to Grow at a CAGR of 8.4% during the forecast period of 2023-2030 : Cognitive Market Research
Intelligent Transportation System Market is Expected to Grow at a CAGR of 8.4% during 2023-2030 : Cognitive Market Research
- Intelligent Transportation System (ITS) refers to a range of advanced technologies and solutions aimed at improving the efficiency, safety, and sustainability of transportation systems. ITS encompasses a variety of hardware and software systems, including vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, advanced traffic management systems, and real-time traveller information systems.
Summary:
• The global Intelligent Transportation System Market is expected to grow from USD 32.09 billion in 2022 to USD 61.27 billion by 2030, at a CAGR of 8.4% during the forecast period of 2023-2030.
• The growing number of vehicles on the road, the lack of traffic data management, and increasing concern about environmental conservation is the major driving factor for the growth of the Intelligent Transportation System market.
• North America accounted for the largest market share in the Global Intelligent Transportation System Market.
"To know more The Intelligent Transportation System Market statistics click here: https://www.cognitivemarketresearch.com/intelligent-transportation-system-market-report
Market Dynamics:
- The growing number of vehicles on the road, the lack of traffic data management, and increasing concern about environmental conservation are some of the major factors contributing to the growth of the Intelligent Transportation System Market.
Intelligent Transportation Systems can optimize traffic flow and reduce congestion, resulting in faster and more efficient travel times. By reducing traffic congestion and optimizing traffic flow, intelligent traffic management can reduce carbon emissions and improve air quality in cities. These are some key factors supporting the growth of the market.
Market Segmentation:
Type:
• Advanced Traveler Information System (ATIS)
• Advanced Traffic Management System (ATMS)
• Advanced Transportation Pricing System (ATPS)
• Advanced Public Transportation System (APTS)
• Emergency Medical System (EMS)
Application:
• Traffic Management
• Road Safety and Security
• Freight Management
• Public Transport
• Environment Protection
• Automotive Telematics
• Parking Management
• Road Tolling Systems
The Major Players in Intelligent Transportation System Market are:
Ricardo, EFKON, TOMtom, Iteris, Lanner Electronics, Siemens, WS Atkins, Kapsch Trafficcom, Q-Free, Transcore, CIC, ZTE
Get free sample pages of latest published Intelligent Transportation System Report:
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News:
- Agero Reshapes Driver Assistance Experience with Multiple New Tools, Services, and Enhancements
In September 2022, Agero announced a series of platform enhancements and services that will further modernize the roadside assistance and vehicle support experience for clients, their customers, and Agero's extensive service provider network.
Regional Analysis:
- North America accounted for the major share of the Intelligent Transportation System market.
North America held the largest share of the Intelligent Transportation System market in the year 2022. This is attributed to the rapid technological development, adoption of advanced road infrastructure, and increasing demand for advanced tech-enabled vehicles in the region. Asia Pacific is expected to grow at the fastest CAGR during the forecast period of analysis.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Intelligent Transportation System Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary
• 3.1 Global Intelligent Transportation System Market Size 2018 - 2030, (USD Million)
• 3.2 Global Intelligent Transportation System Market: Snapshot
Chapter 4 Global Intelligent Transportation System Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Intelligent Transportation System Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Intelligent Transportation System Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Intelligent Transportation System Market Regional Analysis
Chapter 11 North America Intelligent Transportation System Market Outlook (2018 - 2030)
Chapter 12 Europe Intelligent Transportation System Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Intelligent Transportation System Market Outlook (2018 - 2030)
Chapter 14 Latin America Intelligent Transportation System Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Intelligent Transportation System Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more Intelligent Transportation System Market TOC click here: https://www.cognitivemarketresearch.com/intelligent-transportation-system-market-report#table_of_contents
Related Report:
• Transportation Market - https://www.cognitivemarketresearch.com/transportation-market-report
• Transportation Management Software Market - https://www.cognitivemarketresearch.com/transportation-management-software-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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