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Global Intelligent Transportation Systems Market Size, Share Value, Growth Drivers, Technology Scouting, Latest Trends And Top Key Players Analysis (2023- 2032) | Denso Corporation, EFKON GmbH, Garmin Ltd., Thales Group, Kapsch TrafficCom AG
Intelligent Transportation Systems Market
Intelligent Transportation Systems Market Size, Growth Rate, And Forecast:
The global intelligent transportation systems market size is expected to grow from $29.42 billion in 2022 to $32.50 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The intelligent transportation systems market is expected to reach $46.94 billion in 2027 at a CAGR of 9.6%.
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Intelligent Transportation Systems Market Drivers:
An increasing number of road fatalities is expected to propel the intelligent transportation systems market. A road fatality is defined as any person killed instantly or dying within 30 days as a result of a road injury or accident. An intelligent transportation system is a system that assists drivers in avoiding accidents by detecting surrounding automobiles, motorcycles, and pedestrians and adjusting driving speed and distance from other vehicles. Additionally, rising road traffic congestion has also favored the demand for intelligent transportation systems.
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Intelligent Transportation Systems Market Segments:
By System: Advanced Traffic Management System, Cooperative Vehicle System, Advanced Public Transportation System, Advanced Traveler Information System, Advanced Transportation Pricing Systems
By Offering: Hardware, Software, Services
By Application: Roadways, Aviation, Railways, Maritime
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Intelligent Transportation Systems Market.
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Intelligent Transportation Systems Market Key Players:
Major competitors in the intelligent transportation systems market include Denso Corporation, EFKON GmbH, Garmin Ltd., Thales Group, Kapsch TrafficCom AG, Lanner Electronic Inc., Siemens AG, Cubic Corp.
The Business Research Company's "Global Intelligent Transportation Systems Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Intelligent Transportation Systems Market Include:
1. Executive Summary
2. Intelligent Transportation Systems Market Characteristics
3. Intelligent Transportation Systems Market Trends And Strategies
4. Intelligent Transportation Systems Market - Macro Economic Scenario
5. Intelligent Transportation Systems Market Size And Growth
……
26. Africa Intelligent Transportation Systems Market
27. Intelligent Transportation Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Intelligent Transportation Systems Market
29. Intelligent Transportation Systems Market Future Outlook and Potential Analysis
30. Appendix
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