Press release
Intelligent Transportation Systems Market: Projected Growth Rates, Market Size, and Emerging Trends
Intelligent Transportation Systems Market
Promising market outlook with the global intelligent transportation systems market projected to grow from $34.72 billion in 2024 to $58.78 billion in 2029 at a CAGR of 11.7%.
What Is The Projected Market Size Of The Global Intelligent Transportation Systems Market And Its Growth Rate?
• The intelligent transportation systems market size was $34.72 billion in 2024 and is expected to grow to $37.75 billion in 2025 at a CAGR of 8.7%.
• This growth is credited to traffic congestion mitigation, safety improvement measures, environmental sustainability goals, and efficiency in freight and logistics.
• The market is projected to see rapid growth, reaching $58.78 billion in 2029 at a CAGR of 11.7%.
• This growth can be attributed to the rapid growth of connected vehicles, smart infrastructure investments, and increased focus on last-mile connectivity.
What Is Driving The Growth In The Intelligent Transportation Systems Market?
The increasing number of road fatalities is a significant factor driving the growth in the intelligent transportation systems market. These systems help drivers avoid accidents by detecting surrounding vehicles and pedestrians and adjusting speed and distance. Rising traffic congestion is also contributing to market growth. For example, in the first quarter of 2022, there was a 7% increase in road fatalities compared to the same period in 2021, according to the National Highway Traffic Safety Administration (NHTSA).
Request A Free Sample Copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=8524&type=smp
Who Are the Key Players Driving Intelligent Transportation Systems Market Growth?
• Denso Corporation
• EFKON GmbH
• Garmin Ltd.
• Thales Group
• Kapsch TrafficCom AG
• Siemens Aktiengesellschaft
• Cubic Corporation
• TomTom International B.V.
• Indra Sistemas S.A.
• Traffic Tech Inc.
• Alstom SA
• Cisco Systems Inc.
What Are The Key Trends In The Intelligent Transportation Systems Market?
• IoT Integration
• Advanced Driver Assistance Systems (ADAS)
• Smart Parking Solutions
• Cybersecurity Measures
• Augmented Reality (AR) in Navigation
• 5g Connectivity
• Blockchain for Transportation Security
• Public-Private Partnerships
What Are The Segments Of The Global Intelligent Transportation Systems Market?
• Offering: Hardware, Software, Services
• System: Advanced Traffic Management System, Cooperative Vehicle System, Advanced Public Transportation System, Advanced Traveler Information System, Advanced Transportation Pricing Systems
• Application: Roadways, Aviation, Railways, Maritime
Which Region Leads The Intelligent Transportation Systems Market?
North America was the largest region in the intelligent transportation system market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the global intelligent transportation systems market during the forecast period, underscoring the global appeal and potential of these systems.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/intelligent-transportation-systems-global-market-report
What Is Covered In The Intelligent Transportation Systems Market Global Market Report?
- Market Size Analysis: Analyze the Intelligent Transportation Systems Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Intelligent Transportation Systems Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Intelligent Transportation Systems Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Intelligent Transportation Systems Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report: https://www.thebusinessresearchcompany.com/Customise?id=8524&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company has over 15,000+ reports from 27 industries covering 60+ geographies, establishing a reputation for comprehensive, data-rich research and insights. With 1,500,000 datasets, unique insights from industry leaders, and our flagship product, the Global Market Model, we offer the information you need to stay ahead.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Intelligent Transportation Systems Market: Projected Growth Rates, Market Size, and Emerging Trends here
News-ID: 3826813 • Views: …
More Releases from The Business research company
Leading Companies Fueling Growth and Innovation in the Sun Care Products Market
The sun care products market is on track for substantial expansion as consumer awareness about skin protection intensifies worldwide. With evolving preferences and technological advancements shaping product offerings, this sector is set to witness robust growth in the coming years. Let's explore the market's size projections, key players, emerging trends, and major segments driving its development through 2030.
Projected Size and Growth Trajectory of the Sun Care Products Market
The…
Future Perspectives: Key Trends Shaping the Styrene Butadiene Rubber (SBR) Based …
The styrene butadiene rubber (SBR) based adhesive market is on track for notable growth as we approach 2030. Driven by a variety of factors including expanding infrastructure projects and rising demand across multiple industries, this sector is poised for steady expansion. Let's explore the market's size projections, key players, emerging trends, and the main segments shaping its future.
Projected Growth and Market Size of Styrene Butadiene Rubber Based Adhesives
The…
Emerging Sub-Segments Transforming the Stearic Acid Market Landscape
The stearic acid market is poised for significant expansion in the coming years, driven by evolving demand across various industries. This report explores the projected market size, leading companies, key trends, and segment analysis shaping the future of this vital chemical.
Stearic Acid Market Size and Growth Outlook
The stearic acid market is set to grow robustly, reaching a valuation of $54.63 billion by 2030. This represents a compound annual…
Market Trend Insights: The Impact of Recent Innovations on the Specialty Pestici …
The specialty pesticides sector is on the verge of significant expansion as global agricultural practices continue to evolve. Driven by increasing demand for crop protection and sustainable farming techniques, this market is set to experience robust growth in the coming years. Let's explore the market's anticipated value, leading companies, emerging trends, and detailed segmentation to gain a comprehensive understanding of this dynamic industry.
Projected Market Size and Growth Expectations for Specialty…
More Releases for Transportation
Treks Transportation: Premium Transportation Charter Service for Every Need
Treks Transportation offers customized transportation charter services, providing flexibility, comfort, and convenience for business trips, personal travel, and special events with personalized itineraries and private travel experiences.
Transportation charter services have become essential for those seeking customized travel experiences. Whether for business, personal trips, or special events, these services offer unparalleled flexibility, comfort, and convenience. Treks Transportation's transportation charter service is designed to cater to various travel needs, from corporate events…
Barge Logistic Transportation Market Sets the Table for Continued Growth | Kirby …
The latest study released on the global 'Barge Logistic Transportation' market by AMA Research evaluates market size, trend, and forecast to 2030. The 'Barge Logistic Transportation' market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Get…
Barge Logistics Transportation Market is Booming Worldwide | Kirby, SEACOR, Bouc …
The latest study released on the Global Barge Logistics Transportation Market by AMA Research evaluates market size, trend, and forecast to 2028. The Barge Logistics Transportation market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Download…
Air Transportation Market 2028 by Transportation Type, Transportation Mode and G …
Global Air Transportation Market 2028 Report give our customers an exhaustive and top to bottom examination of Air Transportation market alongside its key factors, for example, market diagram and rundown, pieces of the pie, restrictions, drivers, local examination, players, serious elements, division, and considerably more. The Air Transportation Market information introduced inside this report is acquired dependent on a few strategies, for example, PESTLE, Porter's Five, SWOT examination, the effect…
Student Transportation Service Market Is Booming Worldwide | Dean Transportation …
Student Transportation Service Market: The extensive research on Student Transportation Service Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on Student Transportation Service Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the market, such as…
Student Transportation Service Market | Global and Regional Analysis and Forecas …
Student Transportation Service Market describes an in-depth evaluation and Covid19 Outbreak study on the present and future state of the Student Transportation Service market across the globe, including valuable facts and figures. Student Transportation Service Market provides information regarding the emerging opportunities in the market & the market drivers, trends & upcoming technologies that will boost these growth trends. The report provides a comprehensive overview including Definitions, Scope, Application, Production…
