In the worldwide Intelligent Transportation System (ITS) marketing report, a market study and overview is carried out by considering market drivers, market restraints, opportunities and challenges for a particular business. A lot of hard work has been put together and no stone is left unturned while generating this market research report. This business report first introduces the market basics like definitions, classifications, applications and industry chain overview, and then industry policies and plans, product specifications, manufacturing processes, cost structures and so on. A trustworthy Intelligent Transportation System (ITS) market report covers an array of aspects of the market analysis which today’s businesses call for.
Intelligent Transportation System (ITS) market document directs business in right direction by giving insights about products, market, customers, competitors and marketing strategy at right time. With the use of SWOT analysis and Porter’s Five Forces analysis which are two of the standard, prominent and full-proof methods, this market report has been framed. This industry report also endows with an insightful overview of product specification, technology, product type and production analysis by taking into account most important factors such as revenue, cost, and gross margin. Intelligent Transportation System (ITS) market research report provides myriad of benefits for a prosperous business.
Data Bridge Market Research analyses that the intelligent transportation system (ITS) market, valued at USD 28.25 billion in 2022, will reach USD 59.12 billion by 2030, growing at a CAGR of 9.67% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Driver:
Growing urbanization and population drives the market growth
The growing urbanization and population in cities have resulted in significant challenges such as traffic congestion, road accidents, and pollution. ITS solutions utilize technologies like real-time traffic monitoring, adaptive signal control, and smart routing algorithms to address these issues and optimize traffic flow and reduce congestion. Moreover, ITS promotes road safety through systems like intelligent speed control, collision avoidance, and driver assistance systems. By improving traffic management and enhancing road safety, ITS helps alleviate the negative impacts of urbanization, leading to more efficient transportation, reduced accidents, and decreased pollution levels in cities.
The need for efficient transportation drives the market
The need for efficient transportation is a key driver for the adoption of intelligent transportation systems (ITS). As the demand for reliable and smooth transportation grows, ITS offers solutions to optimize traffic flow, reduce travel times, and enhance overall transportation efficiency. Through technologies like real-time traffic monitoring, intelligent signal control, and dynamic route guidance, ITS can effectively manage congestion, minimize delays, and improve the overall flow of vehicles. This driver is particularly relevant in congested urban areas and major transportation hubs where efficient movement of people and goods is crucial. By implementing ITS solutions, transportation systems can operate more efficiently, leading to improved productivity, reduced travel times, and enhanced user satisfaction.
Some key players mentioned in the report are:
Thales (France), Siemens (Germany), Cubic Transportation Systems, Inc (U.S.), EFKON GmbH (Austria), TomTom International BV (Netherlands), Teledyne FLIR LLC (U.S.), GeoToll, Inc. (U.S.), Electricfeel (Switzerland), DENSO CORPORATION (Japan), Iteris, Inc. (U.S.), Ricardo (U.K.), TransCore (U.S.), Lanner (Taiwan), Agero, Inc. (U.S.), LOGISTEED, Ltd (Japan), Sensys Networks, Inc. (U.S.), Conduent Business Services, LLC (U.S.), Advantech Co., Ltd. (Taiwan), Clever Devices Ltd (U.S.), ETA Transit Systems, Inc. (U.S.), GMV Innovating Solutions S.L. (Spain), Moxa Inc. (Taiwan), RHYTHM ENGINEERING (U.S.), Telegroup (Serbia), Transmax Pty Ltd. (Australia), Trapeze Software ULC (Canada), 3M (U.S.)
Key Insights that Study is going to provide:
· The 360-degree Intelligent Transportation System (ITS) overview based on a global and regional level
· Market Share & Sales Revenue by Key Players & Emerging Regional Players
· A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
· May vary depending upon availability and feasibility of data with respect to Industry targeted
· Patent Analysis** No of patents / Trademark filed in recent years.
· A complete and useful guide for new market aspirants
· Forecast information will drive strategic, innovative and profitable business plans and SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations
· Various Intelligent Transportation System (ITS) industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
Key Market Segmentation:
Thales (France), Siemens (Germany), Cubic Transportation Systems, Inc (U.S.), EFKON GmbH (Austria), TomTom International BV (Netherlands), Teledyne FLIR LLC (U.S.), GeoToll, Inc. (U.S.), Electricfeel (Switzerland), DENSO CORPORATION (Japan), Iteris, Inc. (U.S.), Ricardo (U.K.), TransCore (U.S.), Lanner (Taiwan), Agero, Inc. (U.S.), LOGISTEED, Ltd (Japan), Sensys Networks, Inc. (U.S.), Conduent Business Services, LLC (U.S.), Advantech Co., Ltd. (Taiwan), Clever Devices Ltd (U.S.), ETA Transit Systems, Inc. (U.S.), GMV Innovating Solutions S.L. (Spain), Moxa Inc. (Taiwan), RHYTHM ENGINEERING (U.S.), Telegroup (Serbia), Transmax Pty Ltd. (Australia), Trapeze Software ULC (Canada), 3M (U.S.)
The countries covered in the Global Intelligent Transportation System (ITS) Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer Landscape
Geographic Landscape
Key leading countries
Vendor Landscape
Vendor Analysis
Appendix
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