Intelligent Transportation System (ITS) Market Size, share to Witness High Growth in Near Future 2026


Posted October 8, 2020 by Barbarhinkle

Intelligent Transportation System (ITS) Market is expected to rise to an estimated value of USD 63.36 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026.

 

Intelligent Transportation System (ITS) Market is expected to rise to an estimated value of USD 63.36 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the better management of accidents, emergency services, allocation of limited resources as well as better logistics requirement in aviation and maritime applications.

The report is an all-inclusive research study of the global Intelligent Transportation System (ITS) Market taking into account the growth factors, recent trends, developments, opportunities, and competitive landscape. The market analysts and researchers have done extensive analysis of the global Intelligent Transportation System (ITS) market with the help of research methodologies such as PESTLE and Porter’s Five Forces analysis. They have provided accurate and reliable market data and useful recommendations with an aim to help the players gain an insight into the overall present and future market scenario. 

The market growth can be attributed to several factors, such as increasing concerns toward public safety, growing traffic congestion problems, rising favorable government initiatives for effective traffic management, increasing adoption of eco-friendly automobile technologies, and development of smart cities across the world.

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Market Drivers and Restraints:

Rising concerns regarding traffic management requiring better technological applications to manage traffic congestions is expected to drive the growth of the market
Initiatives taken by the authorities globally to develop smart city infrastructures is also expected to boost the growth of the market
Growing usage of security and surveillance services in all of the transportation environment is also expected to drive the growth of the market
Rising concerns regarding the environment and requirement of utilization of eco-friendly automobile services is expected to foster growth in the market
High financial investments is required to provide the essential infrastructure for the integration of ITS is expected to restrict its adoption rate
Lack of growth in the development of required infrastructure for the advancements of ITS in transportation industry
Lack of collaboration between the appropriate authorities is also hindering the growth of the market
Key Players: Global Intelligent Transportation System (ITS) Market

Thales Group; Siemens; Garmin Ltd.; Cubic Corporation; EFKON; TomTom Telematics BV; FLIR Systems, Inc.; GeoToll; ElectricFeel AG; DENSO CORPORATION; DoubleMap; Bestmile SA; nuTonomy; Iteris, Inc.; Ricardo; TransCore; Lanner Electronics Incorporated; Savari, Inc.; Agero, Inc.; Hitachi Transport System, Ltd.; Sensys Networks, Inc.; Atkins; Conduent, Inc.; Advantech Co., Ltd.; Clever Devices Ltd; ETA Transit; GMV; Moxa Inc.; PTV AG; RHYTHM ENGINEERING; Telegroup; Transmax Pty Ltd.; Trapeze Software ULC; Neology, Inc.; 3M; International Road Dynamics Inc.; KLD Engineering, P.C.; Peek Traffic Corporation; Traffic Tech (Gulf) W.L.L. among others.

MAJOR TOC OF THE REPORT

Chapter One: Intelligent Transportation System (ITS) Market Overview

Chapter Two: Manufacturers Profiles

Chapter Three: Global Intelligent Transportation System (ITS) Market Competition, by Players

Chapter Four: Global Intelligent Transportation System (ITS) Market Size by Regions

Chapter Five: Global Intelligent Transportation System (ITS) Market Revenue by Countries

Chapter Six: Global Intelligent Transportation System (ITS) Market Revenue by Offering

Chapter Seven: Global Intelligent Transportation System (ITS) Market Revenue by  Protocol

Chapter Eight: Global Intelligent Transportation System (ITS) Market Revenue by System

Chapter Nine: Global Intelligent Transportation System (ITS) Market Revenue by Application 

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Key Report Highlights

Comprehensive pricing analysis based on different product types and regional segments

Market size data in terms of revenue and sales volume

Deep insights about regulatory and investment scenarios of the global Intelligent Transportation System (ITS) market

Analysis of market effect factors and their impact on the forecast and outlook of the global Intelligent Transportation System (ITS) market

The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Intelligent Transportation System (ITS) market

A roadmap of growth opportunities available in the global Intelligent Transportation System (ITS) market with the identification of key factors

The exhaustive analysis of various trends of the global Intelligent Transportation System (ITS) market to help identify market developments

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Issued By Data Bridge Market Research
Country India
Categories Automotive , News , Technology
Tags Intelligent Transportation System (ITS) Market Analysis , Intelligent Transportation System (ITS) Market by Application , Intelligent Transportation System (ITS) Market Forecast , Intelligent Transportation System (ITS) Market Trend , Intelligent Transportation System (ITS) Market Development
Last Updated October 8, 2020