Intelligent Transportation Systems Market is Booming Worldwide | Thales Group, Siemens, Kapsch TrafficCom

Advance Market Analytics published a new research publication on "Intelligent Transportation Systems Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Intelligent Transportation Systems market was mainly driven by the increasing R&D spending across the world.

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Some of the key players profiled in the study 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),.

Scope of the Report of Intelligent Transportation Systems
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

The titled segments and sub-section of the market are illuminated below:
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)

Market Trends:
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

Market Drivers:
Growing concerns toward public safety
Increasing traffic congestion
Key Developments in the Market:
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.
In March 2019, Siemens has launched digital lab for intelligent traffic systems. It will monitor, collect analyse the data to develop important technologies

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Intelligent Transportation Systems Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Intelligent Transportation Systems market
Chapter 2: Exclusive Summary - the basic information of the Intelligent Transportation Systems Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Intelligent Transportation Systems
Chapter 4: Presenting the Intelligent Transportation Systems Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Intelligent Transportation Systems 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/Company with revenue share and sales by key countries in these various regions (2023-2028)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

finally, Intelligent Transportation Systems Market is a valuable source of guidance for individuals and companies.

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