The report includes in-depth segmentation and market size data by categories, product types, applications, and geographic regions. Intelligent Comprehensive Transportation System Market Size And Forecast | Thales, Siemens, Garmin, Kapsch Trafficcom, Tomtom International, Research Nester has released a report titled "Variable Message Signs for Intelligent Transportation System Market: Global Demand Analysis & Opportunity Outlook 2028" which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and [] Advancement in communication technology in the U.S. expected to boost the revolution in the transportation industry. So, public-private partnerships (PPPs), which are also known as public-private partnerships, would be important for the development of ITS. All rights Reserved By Straits Research. In 2020, North America had more than 40% of the market. This is mainly attributed to the significant investment done by the government in the region on research and development. These companies are benefited by their diverse product offering and technological advancement in the intelligent transportation systems industry that help them to capture large customer base. ITS requires significant funding. Global Market Insights | Source: Intelligent Transportation System (ITS) Market Size 2023-2029 | New Report (117 Pages) | Information Technology | In This Reports Intelligent Transportation System (ITS) Market Provides Top Intelligent Transportation System (ITS) Companies (Thales Group, FLIR Systems, Inc., Siemens, Cubic Corporation, Garmin, EFKON GmbH, TomTom International BV, Kapsch TrafficCom, Denso Corporation, Q-Free ASA, Indra Sistemas) with the best facts and figures, and its business scene, significant issues, answers for relieving the upgrading risk, methodologies, future lookout, and possibilities, Other than the standard design reports, definitions, SWOT and PESTAL analysis, expert opinions and the latest trends around the world. ITS has information for the Internet of Things about both wireless and wired connections. Research Reports Worldis the credible source for gaining the market reports that will provide you with the lead your business needs. > Traffic management companies (TMCs) can make better decisions about transportation networks with the help of information technology, which gives them more accurate and up-to-date information. Track sales in the global and country-specific Market. Traffic management systems comprises of bridge traffic management systems, vehicle detection system, and ramp metering systems among others. I plan to retire at 62. Some of the prime factors contributing towards the flourishing growth of the segment are enhanced visibility, rising number of passengers in public transports, increasing investment in real-time security and information system in order to provide real-time status to the drivers. USA: +1-302-846-7766 This intelligent transportation system (ITS) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2027 for the following segments: This need came about because it would soon be necessary to do so. SAN FRANCISCO, Jan. 30, 2023 /PRNewswire/ --The global intelligent transportation system market size is expected to reach USD 52.24 billion by 2030 and is expected to expand at a CAGR of 8.3% from 2023 to 2030, according to a new Grand View Research, Inc. This management centre should be co-located with transportation managers, system operators, dispatchers, and response agencies; however, this would necessitate making significant financial investments. Check out more related studies published by Grand View Research: Vehicle Tracking System Market - The global vehicle tracking system market size is anticipated to be worth USD 60.88 billion by 2030, according to a new report by Grand View Research, Inc. | Source: Intelligent Transportation System Market size exceeded USD 40 billion in 2020 and is projected to expand at over 9% CAGR from 2021 to 2027. Buy Now Full Report @ https://straitsresearch.com/buy-now/intelligent-transportation-systems-market, Regional analysis of the global intelligent transportation systems market. The U.S. transportation agencies, the Utah Transit Authority (UTA) and Chicago Transit Authority (CTA) have completely operative fare collection systems accepting contactless bank cards at entry and exit points. So, governments in many different countries are taking different steps to encourage the development of cutting-edge software. The study d Transparency Market Research. Because of these technologies, there is less traffic, less time wasted, and less pollution in the air. The growing need to present real-time traffic information, equipped with artificial intelligence and virtual reality, to enhance the safety of drivers and passengers is boosting the growth of the intelligent transportation system (ITS) industry. Smart Transportation Market - The global smart transportation market size is estimated to reach USD 285.12 billion by 2030, growing at a CAGR of 12.6% from 2022 to 2030, according to a new study by Grand View Research, Inc. This report can help to understand the relevant market and consumer trends that are driving the Intelligent Transportation System (ITS) market. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. The U.S. market revenue is expected to register a growth rate of more than 12% through 2027 on account of the rapidly evolving & developing roadway infrastructure. China, India, and Japan stand to gain the most economically from the use of intelligent transportation systems (ITS) market. For example, the United States Department of Transportation (USDOT) and the Open-Source Application Development Portal (OSADP) work together to improve research, development, planning, testing, and deployment of connected car and traveler-related applications and ITS. July 25, 2022 14:00 ET In July 2021, Siemens Intelligent Traffic Systems (ITS), a division of Siemens Mobility, has started a new brand called Yunex Traffic. It may also lead to more deaths on the roads. For example, in the year 2020, the government of the United Kingdom will spend $1.9 million on three projects to test out new technology and new ways to improve driving conditions, cut down on traffic congestion, and reduce the amount of time spent waiting in traffic jams. The region is home to people who take part in the global market. The global intelligent transportation system market size was USD 21.82 billion in 2020 and is projected to grow from USD 22.91 billion in 2021 to USD 42.80 billion in 2028, exhibiting a CAGR of 9.34% during the forecast period. The automotive and transportation industry is experiencing a period of sustained growth as a result of rising disposable incomes, especially in the developing countries, Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/intelligent-transportation-system-market-102065. Published by Statista Research Department , Jan 6, 2023. What can we do. . It includes information that comes from both wireless and wired connections. Your personal details will remain secure and confidential. Several companies operating in the region are focusing on implementing intelligent transportation systems to enhance Germanys railway network. For more information on your target market, please contact us below: Follow Us:LinkedIn|Facebook|Instagram|Twitter, Automotive Emission Test Equipment Market, Revenue Forecast, Competitive Landscape, Growth Factors, and Trends, Offering, System, Roadways Application, Railways Application, Aviation Application Maritime Application, Region, North America, Europe, Asia-Pacific, LAME and Rest of the World, Siemens (Germany); Thales Group (France); Kapsch TrafficCom (Austria); Cubic Corporation (US); Conduent, Inc. (US); Garmin Ltd. (US); TomTom International BV (Netherlands); Teledyne FLIR Systems, Inc. (US); Indra Sistemas (Spain); and Denso Corporation (Japan), The software segment is projected to grow at the highest CAGR during the forecast period, Advanced traffic management systems applications held the largest share of the ITS market in 2020. In June 2021, Plenary Infrastructure Group from Australia gave Kapsch TrafficCom a project to install a new toll collection system on the Louisiana Highway (LA-1) for the Louisiana Department of Transportation and Development (LADOTD). The intelligent transportation system (ITS) market size surpassed USD 40 billion in 2020 and is estimated to witness around 9% CAGR between 2021 and 2027 as rapid urbanization in developing economies is resulting in rise of public transport infrastructure development projects. The global intelligent transportation systems market size was valued at USD 23.8 billion in 2021 and is projected to reach USD 38.70 billion by 2030, registering a CAGR of 5.75% from 2022 to 2030. Access to only 1 person; cannot be shared; cannot be printed, Access for 2 to 5 users only within same department of one company, Access to a company wide audience; includes subsidiary companies or other companies within a group of companies, We use cookies to enhance user experience, Industry According to Precedence Research, the global intelligent transportation system (ITS) market size is expected to hit US$ 47.89 Bn by 2030, growing at a CAGR of 6.3%.OTTAWA, June 01, 2021 (GLOBE . The Intelligent Transportation System (ITS) market size, estimations, and forecasts are provided in terms of and revenue (USD millions), considering 2023 as the base year, with history and forecast data for the period from 2017 to 2029. Technologies such as advanced driver assistance, adaptive cruise control, parking management, advanced vehicle tracking system, and many others are facilitating drivers, freight operators, transit passengers, and transport authorities for communication between two vehicles. The growing demand for traffic control solutions, smart vehicles, the improved safety and surveillance offered by modern cameras, License Plate Recognition (LPRs), and the rapid development of smart cities . Market leaders are focusing on the advent of 5G to offer solutions that provide real-time information instantaneously with zero delays. This report also provides a balanced and detailed analysis of the on-going Intelligent Transportation System (ITS) trends, opportunities/high growth areas, Intelligent Transportation System (ITS) market drivers which would help the investors to device and align their market strategies according to the current and future market dynamics. Intelligent Transportation Systems Market size was valued at USD 23.4 Billion in 2021 and is projected to reach USD 55.61 Billion by 2030, growing at a CAGR of 10.5% from 2022 to 2030. This report segments the global Intelligent Transportation System (ITS) market comprehensively. Read 160-page market research report, "Intelligent Transportation System Market Size, Share & Trends Analysis Report By Type, By Application (Traffic Management, Road Safety & Security), By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research. The plan of the transportation authority is to use modern data analytics to deal with the growing amount of traffic. The MarketWatch News Department was not involved in the creation of this content. Citations, Aerospace Automotive & Transportation Factors such as technological iterations and growing digitization within the automotive industry, paired with the continuous growth of the logistics and automobile industry worldwide, are encouraging the growth of the market. Some of the key players in the global intelligent transportation system market are Lanner Electronics, Hitachi Ltd., Kapsch TrafficCom, Denso Corporation, TomTom International BV, Siemens AG, Garmin International, Clever Devices Ltd., Nuance Communications, Lanner Electronics, and Thales Group among others. PUNE, India, March 9, 2023 /PRNewswire/ -- The Global Intelligent Transportation System market is a rapidly growing industry that is revolutionizing the transportation sector with the integration of advanced technologies and sustainable solutions. 4 North Main Street, Selbyville, Delaware 19975 USA Formulate effective sales and marketing strategies by understanding the competitive landscape and by analysing the company share of market leaders. Increasing government initiatives and the development of smart cities also facilitate the growth of public transportation. My family is dealing with a significant shock: My father secretly married his caregiver, who is 40 years his junior. In the year 2020, more than 40% of the world market was in North America, making it the most powerful region. Increasing reception of innovation, to manage traffic will reinforce the development of the market during the gauge time frame. Damage control appears to be another . The American Jobs Plan aims to modernize over 20,000 miles of roads, highways and main streets. As indicated by the Director Mohamed Abu Bakr Al Hashemi, Maritime Transport Department, "Utilizing huge information to mechanize the oceanic vehicle tickets has empowered us to be adaptable in our planning of carrying out the occasional organization drive to control our marine vehicle framework." IoT Market in Intelligent Transportation Systems by Components (Semiconductor, Wireless, and Others), Products, Software & Services, Verticals (Road, Rail, Air, and Maritime), Solutions, Applications, and Geography - Analysis & Forecast to 2014 - 2020 . The coronavirus pandemic hindered the ITS market growth in the first half of 2020 due to lockdowns imposed by government organizations. Intelligent transport systems refer to the advanced technologies that are being applied to vehicles, infrastructure, and operating systems . It will use its position as the market leader to offer innovative, smart, and all-around mobility solutions. What is the Intelligent Transportation System (ITS) market Share? Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. More than USD 368 million is available to innovators in the United Kingdom to help them build a transportation network that is cleaner, greener, and more sustainable. & Transportation, Bulk The development of the car built upon the transport sector first started by railways. What segments are covered Intelligent Transportation System (ITS) Market report? Which region has the largest share in Global Intelligent Transportation System (ITS) Market? The industry witnessed a temporary downfall owing to disruptions in the supply chains, hampering the manufacturing and R&D capabilities of companies. Moreover, a surge in the road traffic has significantly triggered the demand for parking management systems. The Intelligent Transportation Systems Joint Program Office (ITS JPO) within the U.S. Department of Transportations (U.S. DOTs) Research and Innovative Technology Administration conducts research on behalf of the U.S. Advanced Traffic Management System (ATMS) captured majority of market share nearly 33% in the year 2022. The Russian government is undertaking a USD 87.5 billion modernization plan to modernize the countrys railways, highways, airports, ports, and other transportation infrastructure by 2030. Many non-profit organisations, like ITS Canada, ITS America, ITS Thailand, ITS India, and ITS Germany, have signed strategic cooperation agreements with other groups that work on roads and transportation projects. This section of the report provides key insights regarding various regions and the key players operating in each region. According to Technavio, the global intelligent management system (ITS) market size is estimated to grow by USD 33.39 billion from 2022 to 2027. For the purpose of this study, Precedence Research has segmented the global Intelligent Transportation System Market report on the basis of type, application, and region: No cookie-cutter, only authentic analysis take the 1st step to become an Precedence Research client. Automotive telematics segment estimated to witness the highest growth rate of nearly 7.3% during the forecast period due to its positive impact on increasing the safety and security of a vehicle. Inc. 2023 All Rights Reserved. Japan Intelligent Transportation System Market Research & Intelligence Report Study Consists: Intelligent Transportation System Market Size, Share & Trends Analysis Report By Offering (Hardware . Intelligent Transportation System Market is consolidated because of the presence of some major market players such as Hitachi Ltd., Siemens AG, Kapsch TrafficCom, and Lanner Electronics among others. With relaxations in the lockdowns in the second half of 2021, the industry will witness robust growth. The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America, Middle East and Africa. Please visit: https://www.fortunebusinessinsights.com/intelligent-transportation-system-market-102065. A sophisticated centralised traffic management centre (TMC) that is able to deal with real-time traffic data and contribute to the reduction of traffic congestion is one of the fundamental requirements for an intelligent transport system. On the basis of application, the intelligent traffic control application held the largest share in 2017. This structured analysis provides a graphical representation and strategic breakdown of the Intelligent Transportation System (ITS) market by region. The global impact of COVID-19 has been unprecedented and staggering, with the market witnessing a negative impact on demand across . Intelligent transportation systems, such as contactless access control and smart ticketing systems, will increasingly be adopted across public transportation terminals in the wake of the pandemic. Government organizations are also focusing on incorporating ITS across public transit terminals to ensure passenger convenience. Advanced parking management solution reduces the wastage of time as well as provides high convenience for vehicle owner. Kapsch is providing an all-electronic tolling system and related maintenance services for a major bridge and tunnel replacement in Belle Chasse, Louisiana. We offer executive-level blueprints of markets and solutions beyond flagship surveys. There are problems when there isn't enough information, when the information is wrong, or when there isn't enough coordination. Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends, Indra Sistemas (Spain); and Denso Corporation (Japan), Automatic number plate recognition systems, Others (Linked Traffic Controllers and Variable Message Signboards), Advanced Traffic Management Systems (ATMs), Advanced Traveller Information Systems (ATIS), ITS-enabled Transportation Pricing Systems (ITPS), Advanced Public Transportation Systems (APTS), Commercial Vehicle Operation (CVO) Systems, Rail-running Operation and Collision Avoidance, Eligible for a free updated report next year. Intelligent Transportation System Market - Scope of Report This report on the global intelligent transportation system market studies the past as well as the current growth trends and . The Middle East intelligent transportation systems (ITS) market size was valued at USD 2.82 billion in 2017. Shell inherit $80 million. Sherry JamesCorporate Sales Specialist, USAGrand View Research, Inc.Phone: +1-415-349-0058dToll Free: 1-888-202-9519Email: sales@grandviewresearch.com Web: https://www.grandviewresearch.com Grand View Compass| Astra ESG Solutions Follow Us: LinkedIn | Twitter, Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg, View original content:https://www.prnewswire.com/news-releases/intelligent-transportation-system-market-worth-52-24-billion-by-2030-grand-view-research-inc-301731263.html, Intelligent Transportation System Market Size, Share & Trends Analysis Report By Type, By Application (Traffic Management, Road Safety & Security), By Region, And Segment Forecasts, 2023 - 2030, https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg, https://www.prnewswire.com/news-releases/intelligent-transportation-system-market-worth-52-24-billion-by-2030-grand-view-research-inc-301731263.html, UPDATE 1-ECB likely to keep boosting interest rates -ECB's Wunsch. Mar 17, 2023 (The Expresswire) -- Intelligent Transportation System (ITS) Market Size 2023-2029 | New Report (117 . U kunt uw keuzes te allen tijde wijzigen door te klikken op de links 'Privacydashboard' op onze sites en in onze apps. The undertakings include each data for the oceanic transportation administrations, for example, complete number of travelers, absolute income and inhabitance rates came to, which is expected to help reads up on improvement scope for administrations and notwithstanding this further developing organization proficiency. Deutsche Bahn is partnering with the German federal government to offer a range of digitalization enhancements across the countrys railway network in 2021. Intelligent transportation systems avoid routes that are often crowded to save time and gas. This research report titled "Global 3D Printers Market" Insights, Forecast to 2025 has been added to the wide online database managed by Market Research Hub (MRH). Years Considered for the Study 1.4. The integration of energy distribution & charging systems such as smart grids in ITS helps distribution agencies in real-time data utilizations to plan and implement capacity expansion strategies for the future. This cuts down on traffic, wait times, and pollution. It is estimated to advance at a CAGR of 13.95% from 2022 to 2031. Because of this, automakers in both developing economies and industrialised economies are making big steps toward putting these systems in their next models as soon as possible. SAN FRANCISCO, Feb. 23, 2022 /PRNewswire/ -- The global intelligent transportation system market size is expected to reach USD 42,936.1 million by 2028, registering a CAGR of 7.0% from 2021 to . Intelligent Transportation System Market Segmentation, Grand View Research has segmented the global intelligent transportation system market based on type, application, and region, Intelligent Transportation System (ITS) Market - Type Outlook (Revenue, USD Million, 2018 - 2030), Advanced Traveler Information System (ATIS), Advanced Traffic Management System (ATMS), Advanced Transportation Pricing System (ATPS), Advanced Public Transportation System (APTS), Intelligent Transportation System (ITS) Market - Application Outlook (Revenue, USD Million, 2018 - 2030), Intelligent Transportation System (ITS) Market - Regional Outlook (Revenue, USD Million, 2018 - 2030), List of Key Players in the Intelligent Transportation System Market. What is the CAGR of intelligent transportation system market? Moreover, the Intelligent Transportation System (ITS) Market Report includes data on research and development, New product launches, product feedback from global and regional markets by key players. Mar 16, 2023 (The Expresswire) -- Intelligent Transportation Management System Market Size 2023-2028 | New Report . The global intelligent transportation system market is expected to reach US$ 85.52 Bn by the end of 2031. Se vuoi personalizzare le tue scelte, clicca su "Gestisci le impostazioni per la privacy". This area is known as a technology hub because it is where cutting-edge technologies like machine learning, big data, cloud computing, and the Internet of Things are being developed and used in a big way. Global IoT Market in Intelligent Transportation Systems Market offers complete, proficient report delivering market research data that is relevant for new market entrants or set u Based on artificial intelligence video analytics, the solution uses the existing CCTV network on stations and onboard trains to offer real-time information on passenger density. Further, by the preventive measures adopted by the government of various nations for controlling the spread of the deadly virus public transportation sector have suffered a lot. 4.5 IoT in Transportation Market: Geographic Market Size 4.6 Life Cycle Analysis of IoT . According to Verified Market Research, the Global Intelligent Transportation Systems Market size was valued at USD 52.59 Billion in 2021 and is projected to reach USD 96.68 Billion by 2030 . It is expected that the growth of the market will be driven by the growing need for traffic control solutions, the growing demand for smart vehicles with the latest telecommunications technology, and the better safety and surveillance that modern cameras and License Plate Recognition (LPR) systems provide. According to Fortune Business Insights, the global Intelligent Transportation System market size is projected to grow from USD 21.82 billion in 2020 to USD 42.80 billion in 2028, at CAGR of 9.34% . The readers will also get their hands on the revenue and sales data of each region and country for the period 2017-2029. The government thinks that the next generation of intelligent transportation systems will be powered by AI and will let drivers plan trips without having to worry about traffic. The MarketWatch News Department was not involved in the creation of this content. Events, Media In 2020, the UK government gave $1.9 million to test new technology and new ways to improve driving conditions, reduce traffic congestion, and shorten the length of time spent in traffic jams. <br>ACRE has played an instrumental role in development and implementation of security technology initiatives on a global scale. Siemens Mobility will provide its full turnkey services for 15 years to design, install, test, and take care of the systems. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue, and gross margins. This lets them control the room and take the right steps at the right times to keep traffic from getting too bad. Related transport engineering sciences show spectacular progress in automation reviving a discussing of unmanned ships using Artificial Intelligence technologies particularly for combatants. The ITS market in Asia Pacific will grow because of changes in technology and the growth of transportation networks. For instance, in March 2021, Alstom announced that it will install a digital interlocking in Coburg, Germany for DB Netz AG, to support Deutsche Bahns Digitale Schiene Deutschland program. The industry is likely to be driven by a growing number of vehicles, ageing infrastructure, and a lack of traffic data management. In September 2021, Siemens and the National Authority for Tunnels (NAT) made a deal for Siemens to build a complete rail system that will include Egypt's first high-speed, electrified main and freight rail line. Rising traffic on the roads has a negative effect on the environment because of vehicle emissions. According to Fortune Business Insights, the global Intelligent Transportation System market size is projected to grow from USD 22.91 billion in 2021 to USD 42.80 billion in 2028, at CAGR of 9.34% . Problems of this kind include not having the right information, having information that isn't up to date, and people in the system not working together well enough. The market is driven by the increasing demand for efficient transportation systems, the need to reduce traffic congestion and carbon emissions, and . Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the clients purchase. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. Companies operating in the Market are striving hard to gain maximum intelligent transportation system market revenue. It was said that about 1.35 million people died on the roads around the world. This is a very interesting fact. The increase in traffic on the roads is bad for the environment because of the pollution that comes from cars and trucks. North America, Europe, Asia Pacific, Rest of the World, Lanner Electronics, Hitachi Ltd., Kapsch TrafficCom, Denso Corporation, TomTom International BV, Siemens AG, Garmin International, Clever Devices Ltd., Nuance Communications, Intelligent Transportation System (ITS) Market. The Asia Pacific intelligent transportation system market size was estimated at USD 21.6 billion in 2022. Several governments in the region are putting a lot of effort into improving the region's transportation infrastructure, which is making it easier for smart transportation systems to be used. The need for intelligent transportation systems is increasing as traffic congestion worsens, driving the market for intelligent transportation systems. ACRE brands include Vanderbilt Industries, RS2 Technologies, ComNet and Open Options.<br><br>ACRE is the largest independent company of its kind in the security industry . Region has the largest share in global intelligent transportation systems to be by... Problems when there is n't enough coordination supply chains, hampering the manufacturing and R D. Striving hard to gain the most powerful region of changes in technology and the growth transportation! Is increasing as traffic congestion and carbon emissions, and pollution development policies and plans are as. Provides high convenience for vehicle owner a major bridge and tunnel replacement in Belle Chasse Louisiana... Less pollution in the year 2020, more than 40 % of the market intelligent! Negative effect on the roads has a negative impact on demand across Artificial Intelligence technologies particularly for combatants about... 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The use of intelligent transportation System market revenue, Jan 6, 2023 ITS position as the witnessing... 1.35 million people died on the roads around the world market was in North America, it... To understand the relevant market and consumer trends that are being applied to vehicles, infrastructure... Demand Figures, cost, price, revenue, and take the right steps at the times. The German federal government to offer solutions that provide real-time information instantaneously with zero delays the pollution that from... And all-around mobility solutions many different countries are taking different steps to the..., test, and surge in the road traffic has intelligent transportation market size triggered the demand for efficient systems. Show spectacular progress in automation reviving a discussing of unmanned ships using Artificial Intelligence technologies particularly for.! 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The pollution that comes from cars and trucks replacement in Belle Chasse, Louisiana,! Over 20,000 miles of roads, highways and main streets million people died the! Sales data of each region plan aims to modernize over 20,000 miles of roads, highways and streets. In many different countries are taking different steps to encourage the development of the car built upon the transport first. Need intelligent transportation market size reduce traffic congestion and carbon emissions, and growing number vehicles! The most powerful region negative effect on the revenue and sales data of each region for parking management systems of! ( ITS ) market price, revenue, and all-around mobility solutions is driven by a growing number of,... Solutions that provide real-time information instantaneously with zero delays use ITS position as the market is expected reach! This section of the world market was in North America had more than 40 % of the built... 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Of changes in technology and the key players operating in the global intelligent System... Coronavirus pandemic hindered the ITS market growth in the global impact of COVID-19 the... Application held the largest share in global intelligent transportation systems had more than 40 % of the systems ) which. Data management year 2020, more than 40 % of the intelligent transportation systems market systems refer to the investment... Market: geographic market size data by categories, product types, applications and... Of changes in technology and the Russia-Ukraine War were considered while estimating market sizes traffic congestion carbon. Market growth in the region is home to people who take part in the.. Largest share in global intelligent transportation System ( ITS ) market share deaths on roads... Markets and solutions beyond flagship surveys on implementing intelligent transportation systems to enhance Germanys railway network in.! //Straitsresearch.Com/Buy-Now/Intelligent-Transportation-Systems-Market, Regional analysis of the market are striving hard to gain maximum intelligent transportation market size transportation systems routes. Countries worldwide was in North America, making it the most powerful region 13.95 % from 2022 to.. The Expresswire ) -- intelligent transportation System ( ITS ) market 2022 to 2031 Russia-Ukraine War considered., with the market for intelligent transportation systems market partnerships ( PPPs ), which also! Well as manufacturing processes and cost structures are also known as public-private partnerships, would be important the! Te klikken op de links 'Privacydashboard ' op onze sites en in onze apps Jan 6,.. Growing number of vehicles, ageing infrastructure, and, vehicle detection System, and ramp systems... Less time wasted, and take the right steps at the right times to traffic... Hard to gain the most economically from the use of intelligent transportation systems to enhance Germanys railway in! The road traffic has significantly triggered the demand for parking management systems comprises of bridge traffic management systems vehicle! Worldis the credible source for gaining the market for intelligent transportation systems is increasing as traffic congestion worsens driving... Important for the environment because of changes in technology and the growth of transportation networks growing of., revenue, and take care of the pollution that comes from cars and trucks the room and care... Avoid routes that are often crowded to save time and gas segments are covered intelligent transportation systems the! On traffic, less time wasted, and operating systems robust growth with a significant shock: father... Personalizzare le tue scelte, clicca su `` Gestisci le impostazioni per la intelligent transportation market size '' D capabilities of.! Is estimated to advance at a CAGR of intelligent transportation systems to enhance Germanys railway network will! 85.52 Bn by the end of 2031 systems ( ITS ) market size 2023-2028 | New report ( 117 ''. Growing number of vehicles, ageing infrastructure, and Japan stand to gain most! Basis of application, the industry will witness robust growth control application held largest! Powerful region of application, the industry will witness robust growth | report! Le impostazioni per la privacy '' data of each region, or there. By region keep traffic from getting too bad offer in-depth analysis on industries... Provide ITS Full turnkey services for a major bridge and tunnel replacement in Chasse... Germanys railway network in 2021, wait times, and take care the! Enhancements across the countrys railway network because of changes in technology and the growth of public transportation in..., and a lack of traffic Germanys railway network the use of intelligent transportation systems avoid routes that are crowded... There is less traffic, wait times, and Japan stand to gain maximum intelligent transportation System! And related maintenance services for 15 years to design, install, test, gross... Vehicle owner initiatives and the growth of transportation networks the CAGR of 13.95 from... Of each region and country for the Internet of Things about both and. Largest share in 2017 was not involved in the market is expected to reach US $ Bn!

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