Intelligent Transportation Systems Market Next Big Thing | Major Giants Thales, Siemens, Kapsch TrafficCom, Garmin

Advance Market Analytics added research publication document on Worldwide Intelligent Transportation Systems Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Intelligent Transportation Systems market. The study provides valuable market size data for historical (Volume** & Value) from 2023 to 2028 which is estimated and forecasted till 2028*. Some are the key & emerging players that are part of coverage and have being profiled are Thales Group (France), Siemens (Germany), Kapsch TrafficCom (Austria), Garmin (United States), TomTom International BV (Netherlands), Cubic Corporation (United States), Q-Free ASA (Norway), EFKON GmbH (Austria), FLIR Systems, Inc.(United States), Indra Sistemas (Spain),.

Get free access to Sample Report in PDF Version along with Graphs and Figures @ https://www.advancemarketanalytics.com/sample-report/67312-global-intelligent-transportation-systems-market-1#utm_source=OpenPRKavita

The development of smart cities globally will help to boost the global Intelligent Transportation Systems market in the forecasted period. Intelligent transportation systems have garnered immense popularity over the past couple of decades, due to considerable advancements in information technology, the onset of cost-effective smart devices, and giant strides taken by sensing technologies. The necessity for presenting real-time traffic information of different regions to passengers and drivers is one of the significant factors driving the demand for intelligent transportation systems across the world. Furthermore, in 2020, the Intelligent Transportation Systems market will be hindered owing to the COVID-19 crisis, which has impacted demand, interrupted production, and disrupted the supply chain. So, numerous key players are going through flat or lower unit sales. Though, with economic stimulus packages declared by many nations such as Japan, the U.S., China, France, Italy, India, U.K., and Germany, is expected to generate great opportunities for transportation infrastructure development. According to AMA, the market for Intelligent Transportation Systems is expected to register a CAGR of 15.3% during the forecast period to 2026. This growth is primarily driven by Growing concerns toward public safety and Increasing traffic congestion.

In March 2019, Siemens has launched digital lab for intelligent traffic systems. It will monitor, collect analyse the data to develop important technologies

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Intelligent Transportation Systems Market various segments and emerging territory.

Market Drivers
• Growing concerns toward public safety
• Increasing traffic congestion

Influencing Market Trend
• Rising favorable government initiatives for effective traffic management
• High adoption of ecofriendly automobile technology

Opportunities:
• Designing and developing smart vehicles compatible with ITS
• The growing number of economically and technologically advanced countries

Challenges:
• Achieving interoperable and standard ITS architecture worldwide

Analysis by Application (Fleet Management and Asset Monitoring, Intelligent Traffic Control, Collision Avoidance, Parking Management, Passenger Information Management, Ticketing Management, Emergency Vehicle Notification, Automotive Telematics), Vehicle Type (Emergency vehicle, Commercial vehicle, Transit vehicle, Maintenance and Construction vehicle), System (Advanced Traffic Management System, Advanced Traveler Information System, ITS-Enabled Transportation Pricing System, Advanced Public Transportation System, Commercial Vehicle Operation), Offerings (Hardware, Software, Services)

Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution
• % Market Share, Segment Revenue, Swot Analysis for each profiled company [Thales Group (France), Siemens (Germany), Kapsch TrafficCom (Austria), Garmin (United States), TomTom International BV (Netherlands), Cubic Corporation (United States), Q-Free ASA (Norway), EFKON GmbH (Austria), FLIR Systems, Inc.(United States), Indra Sistemas (Spain),]
• Business overview and Product/Service classification
• Product/Service Matrix [Players by Product/Service comparative analysis]
• Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
• Consumption, Capacity & Production by Players

Have Any Questions Regarding Global Intelligent Transportation Systems Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/67312-global-intelligent-transportation-systems-market-1#utm_source=OpenPRKavita

The regional analysis of Global Intelligent Transportation Systems Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2023-2028.

On 10th March 2020, TomTom, Toyota Research Institute - Advanced Development, Inc. (TRI-AD) (Japan), and DENSO (Japan), announced a successful proof of concept demonstrating a fast high definition (HD) map-building method for roads, essential for safer autonomous driving.

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/67312-global-intelligent-transportation-systems-market-1#utm_source=OpenPRKavita

Highlights of the Report
• The future prospects of the global Intelligent Transportation Systems market during the forecast period 2023-2028 are given in the report.
• The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
• The emerging technologies that are driving the growth of the market are highlighted in the report.
• The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
• The report studies the leading manufacturers and other players entering the global Intelligent Transportation Systems market.

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