Intelligent Transportation System Market Expected to Cross a Revenue of USD 95.39 Billion By 2032, Reflecting a CAGR value of 8.3% | Polaris Market Research, Inc.

New York, April 04, 2024 (Polaris Market Research) The Intelligent Transportation System Market size is expected to grow from USD 46.93 Billion in 2023 to USD 95.39 Billion by 2032, revealing a CAGR of 8.3% over the forecast period from 2024 to 2032.

The recent market analysis by Polaris Market Research reveals that the Intelligent Transportation System Market is anticipated to grow at a robust CAGR of 8.3% from 2024 to 2032. The growing demand for traffic control solutions and intelligent vehicles is projected to fuel the market's expansion.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/intelligent-transport-system-market/request-for-sample

An intelligent transportation system (ITS) is a part of the Internet of Things that aims to offer innovative transportation solutions related to different transportation modes. Along with improving transport quality, ITS strives to achieve other outcomes that manage, control, or improve transport systems. Intelligent transportation systems are well regarded as they play a crucial role in enhancing the operational efficiency of supply chains. Also, they provide crucial insights that can positively affect every step of the supply chain system. ITS systems can be employed for all modes of transport, which include sea, rail, air, and road.

The major components of an ITS include an advanced traffic management system, advanced traveler information systems, an electronic fare payment system, and a central control system. Based on mobility, safety, and the environment, intelligent transportation systems are broadly classified into three types, which include mobility ITS, safety ITS and environment ITS. With rising traffic congestion problems worldwide, the intelligent transportation systems market is projected to develop over the forecast period.

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬

• Agero, Inc.
• DENSO CORPORATION
• EFKON GmbH
• Garmin Ltd.
• Hitachi, Ltd.
• Iteris, Inc.
• Kapsch TrafficCom
• Lanner
• Nuance Communications, Inc.
• Q-Free ASA
• Ricardo
• Sensys Networks, Inc.
• Siemens AG
• Telenav, Inc.
• Thales Group
• TomTom International BV
• TransCore
• Xerox Corporation

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/38/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

𝐁𝐲 𝐓𝐲𝐩𝐞

• Advanced Transportation Management Systems (ATMS)
• Advanced Public Transportation Systems (APTS)
• Advanced Transportation Pricing Systems (ATPS)
• Advanced Traveler Information Systems (ATIS)

𝐁𝐲 𝐌𝐨𝐝𝐞 𝐨𝐟 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭

• Railways
• Roadways
• Maritime
• Airways

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/intelligent-transport-system-market

𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭𝐚𝐭𝐢𝐨𝐧 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• The Advanced Transportation Management Systems (ATMS) segment held the largest revenue share in the intelligent transportation systems market. The Advanced Transportation Management Systems (ATMS) is poised to assume a crucial role in easing traffic congestion, reducing pollution, and optimizing transportation operations. The seamless integration of communication systems and sensors guarantees real-time management, enhancing overall efficiency.

• The roadway segment accounted for the highest market share during the forecast period. The persistent increase in both traffic congestion and greenhouse gas emissions has prompted the adoption of intelligent transportation systems on roads. This involves incorporating electric vehicles, Advanced Traffic Management Systems (ATMS), Advanced Public Transportation Systems (APTS), and deploying smart infrastructure, among other innovations.

• North America dominated the largest market. Primarily influenced by the participation of major global players and the integration of advanced technologies like Machine Intelligence (MI), Big Data, and Cloud Computing. These technologies play a crucial role in addressing the increasing challenges related to traffic and public transportation systems.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐞𝐧𝐬𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3416107/forecasting-the-automotive-sensor-market-trends-revenue

𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐢𝐯𝐞 𝐒𝐞𝐧𝐬𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3416112/capacitive-sensors-market-a-detailed-study-of-company

𝐌𝐢𝐧𝐞𝐫𝐚𝐥 𝐖𝐨𝐨𝐥 𝐁𝐨𝐚𝐫𝐝 𝐈𝐧𝐬𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3421183/mineral-wool-board-insulation-market-innovations-technology

𝐒𝐰𝐚𝐫𝐦 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3421190/swarm-intelligence-market-envisioned-at-usd-806-72-million

𝐈𝐧𝐟𝐥𝐮𝐞𝐧𝐳𝐚 𝐃𝐢𝐚𝐠𝐧𝐨𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3421194/influenza-diagnostics-market-growth-business-advancements

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

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