The MarkNtel Advisors has released its latest report titled "Global Intelligent Transportation System Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028." This comprehensive analysis provides valuable insights into the market, including market share data. The report encompasses competitive analysis, geographical research, and recent advancements in the market. Whether you are an investor, researcher, consultant, marketing strategist, or planning to enter the industry in any capacity, this analysis can greatly benefit you.
Global Intelligent Transportation System Market Definition:
Intelligent Transportation System is the integration of advanced technologies into vehicles, operating systems, and infrastructure related to or connected to transportation. It aims to provide innovative and intelligent services by applying sensing, analyzing, control, and communication technologies to improve safety, mobility, and transportation efficiency. In addition, it collects the data surrounding transportation and applies it to develop better future directions and options for traffic.
Global Intelligent Transportation System Market Overview
The Global Intelligent Transportation System Market is projected to grow at a CAGR of around 8.5% during the forecast period, i.e., 2023-28.
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What are the Key Driver in the industry?
Key Driver: Ever-Growing Need to Reduce Traffic Congestion
The increasing traffic congestion due to the rising number of vehicle purchases resulting from increased living standards and disposable income is pushing the demand for a smart transportation system. Thus, the traffic issues like congestion and many private vehicles on the road incompatible with traditional infrastructural designs and traffic systems are driving the market. Additionally, it provides limitless solutions to traffic and road issues by assisting drivers and passengers, reducing accident chances by delivering advanced and fast suggestions, and leading the traffic by calculating numerous dimensions from vehicles to infrastructures. Therefore, the industry is expected to expand exponentially.
Competitive Landscape With Leading Key Players:
The report's analysis of the Global Intelligent Transportation System market's competitive environment includes thorough profiles of the major industry competitors.
Among these important figures are:
-Denso Corporation
-Iteris
-Lanner Electronics
-Agero
-EFKON
-Cisco
-Flir System
-Siemens
-TransCore
-Citilog
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Important Global Intelligent Transportation System Market Segmentation
By Component
-Hardware
--Sensor
--Interface Boards
--Surveillance Camera
--Monitoring & Detection System
--Telecommunication Network
--Others
-Software
--Visualization Software
--Transit Management System
--Video Detection Management Software
--Others
-Services
--Professional
--Managed
By Type
-Advanced Public Transportation System (APTS)
-Advanced Traffic Management System (ATMS)
-Advanced Traveler Information System (ATIS)
-Advanced Transport Pricing System (ATPS)
-Its-Enabled Transportation Pricing System (ITPS)
-Others
By End User
-Traffic Management
-Freight Management
-Road Tolling System
-Road Safety and Security
-Public Transport
-Environment Protection
-Parking Management
-Others (Automotive Telematics, etc.)
By Mode of Transport
-Roadways
-Airways
-Railways
-Maritime
By Deployment
-Cloud
-On-Premise
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
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Important Report Highlights:
- Historical Data (2018–2021)
- Base Year (2022)
- Market Prospects (2023–2028)
- Business Trends
- Drivers of the Market and Success Factors
- COVID-19's effects
- Value Chain Evaluation
- Comprehensive competitive landscape mapping
As part of the modification, we will give you any specific information you require that is not already covered by the report.
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
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