Our report on the intelligent transport system (ITS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. Nevertheless, advanced traffic management systems capable of utilizing real-time data can efficiently address traffic issues. Further, in March 2021, Telenav, Inc. partnered with an automotive group SAIC, to make available navigation and location-based services for SIACs internal combustion engine (ICE) vehicles and battery-powered electric (BEV). The growing number of vehicles on the road and the lack of adequate transportation infrastructure results in traffic congestion. The global intelligent transportation system market is expected to grow at a compound annual growth rate of 8.3% from 2023 to 2030 to reach USD 52.24 billion by 2030. b. Considering the influence of COVID-19 on the global Integrated Intelligent Transport System market, this report analyzed the impact from both global and . China,. 5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks). North America dominated the intelligent transportation system market with a share of over 35% in 2022. Description and Analysis of Intelligent Transportation Systems (Its) market: - Intelligent Transportation Systems (Its) Market analysis is the process of evaluating market conditions and trends in order to make informed business decisions. TO UNDERSTAND HOW COVID-19 IMPACT IS COVERED IN THIS REPORT - REQUEST SAMPLE. The advanced traffic management system (ATMS) segment is anticipated to dominate the forecast period. The Integrated Intelligent Transport System market revenue was xx Million USD in 2017, grew to xx Million USD in 2021, and will reach xx Million USD in 2027, with a CAGR of xx during 2022-2027. 6. Furthermore, many small enterprises are also working with the government to provide better transportation services. We are continuously monitoring the COVID-19 pandemic, and assessing its impact on the growth of the automotive & transportation industry. 4.To analyze the Intelligent Transportation Systems (Its) with respect to individual growth trends, future prospects, and their contribution to the total market. The global intelligent transportation system market is estimated to garner a sizeable revenue by growing at a ~6% CAGR over the forecast period, i.e., 2022-2030. Your transaction & personal information is safe and secure. The global Intelligent Transportation System market is projected to reach US$ 53.06 billion by 2032, growing at a CAGR of 7.2% The market of Intelligent Transportation System is growing due to its feature of providing ease to travellers. Traveler management systems help in easing congestion on roads and in significantly reducing the response times in case of emergencies. Intelligent Transport Systems (Its) Industry leading players are the ones that have the biggest impact, the most market share 2023, the best reputation, or the highest revenue within their field they are. This website is secure and your personal details are safe. How big is the intelligent transportation system market? Who are the leading players in Intelligent Transport Systems (Its) market? MARKET OVERVIEW. The dominance of the key players is also current owing to the provision of advanced and developed products. Key Market Players Emphasize Collaborations for Better Design, Planning, & Implementation of ITS Solutions. The report provides actionable insights . Copyright 2023 MarketWatch, Inc. All rights reserved. Analysts' Viewpoint on Intelligent Transportation System Market Scenario. Research and Markets Market players are investing aggressively in research & development activities, improving internal processes, actively engaging in new product development, and improving their existing products as part of the efforts to increase their respective market shares. No purchase commitment. To know how our report can help streamline your business, Speak to Analyst, Advanced Traffic Management System Segment to Grow Substantially over 2021-2028. Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream end users. The application market of Global Railways Intelligent Transport Systems (ITS) market including Cost Management, Carbon Emission Control, Capacity Management, Customer Management have been focused . Is there a problem with this press release? This is expected to play a vital role in driving the growth of the automotive telematics segment over the forecast period. North America is projected to show steady growth in this market over the forecast period owing to the implementation of ITS by Canada at a slower rate. Which market dynamics affect the business? The growing number of vehicles on the road, aging infrastructure, and a looming lack of traffic data management are some of the other factors anticipated to contribute to the markets growth. The global intelligent transport systems market size reached US$ 37.1 Billion in 2021. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. Besides this, the report offers insights into the current market trends and highlights key industry developments. The importance of ITS is growing considering the increasing urbanization and subsequently rising travel time. Solutions offered by key market players can combine data processing technology with sensing and telecommunications technologies to ensure real-time management of transportation networks and share the information gathered and processed with drivers and travelers. It focuses on key aspects such as leading companies, product types, and leading applications of the product. 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 . Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. Moreover, the report contains major and minor features of the industry participants and emerging industries with value-chain analysis. The Advanced Traffic Management System (ATMS) segment accounted for a market share of over 30% in 2022. The adaptive traffic signal controllers of ITS contribute to the environment by reducing CO2 and NOX emissions, as waiting time for vehicles at the signals and intersections is reduced significantly. Please find a more complete list of data sources in Chapters, 1.To study and analyze the global Intelligent Transport Systems (Its) consumption (value) by key regions/countries, product type and application. Moreover, increase in single occupancy vehicles commuting particularly in suburbs & main cities further drives the need for such systems. This information can help stakeholders to make appropriate decisions before investing. China is second leading the market in this region owing to funding by the Chinese government to implement the ITS in the country. In addition to this, the easy affordability of vehicles, and automobile manufacturers discounts on vehicles are accelerating vehicle sales which, leads to traffic congestion. Intelligent Transport Systems (Its) Market - Competitive Analysis: With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth. Economic Growth, Technology, E-commerce, Globalization, Sustainability, Demographics, Political and regulatory risks These are just a few of the many factors that are currently shaping the global market. | Source: What is the intelligent transportation system market growth? You can also contact MarketWatch Customer Service via our Customer Center. Key Topics Covered: I. METHODOLOGYII. Intelligent transport service providers also support the government by providing expertise on implementing ITS in the transportation infrastructure. With this information, stakeholders will be more capable of developing new strategies, which focus on market opportunities that will benefit them, making their business endeavors profitable in the process. Intelligent Transportation Systems (Its) Market Provides High-class Data: - It is true that the global Intelligent Transportation Systems (Its) market provides a wealth of high-quality data for businesses and investors to analyse and make informed decisions. Global Intelligent Transport System (ITS) Market 2022-2026 The analyst has been monitoring the intelligent transport system (ITS) market and it is poised to grow by $38. Mar 15, 2023 (The Expresswire) -- As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and we elaborate at full length on the impact of the pandemic and the war on the Precious Metals Industry. Global Intelligent Transportation Systems (ITS) Market to Reach $39.5 Billion by 2026. Who are the key players in the intelligent transportation system market? While the growing number of traffic congestions increases carbon emissions and leads to a high degree of environmental pollution; the costs associated with traffic congestions, including fuel consumption and travel time, can also be a major issue for any nation. Free business intelligence platform with subscription, 4. The global intelligent transportation system market is projected to reach USD 67.2 billion by 2028 from an estimated USD 47.8 billion in 2023, at a CAGR of 7.1% from 2023 to 2028The. Visit a quote page and your recently viewed tickers will be displayed here. You can also contact MarketWatch Customer Service via our Customer Center. The solution provides BEV and ICE needs in markets with both left and right-hand driving and also delivers a seamless onboard navigation experience that is optimized to provide up-to-date maps and online content to end-users with reduced mobile data consumption, creating robust opportunities for the ITS market. Some of the key types of data that are available from the global Intelligent Transportation Systems (Its) market include, Economic data, Financial data, Industry data, Consumer data However, it is important to carefully evaluate the quality and reliability of data sources and to use multiple sources of data to gain a more complete understanding of the Intelligent Transportation Systems (Its) market. We value your investment and offer free customization with every report to fulfil your exact research needs. Advanced Traffic Management System (ATMS) is the leading segment in the global market in 2020. A market can refer to a specific geographic location, particular industry or sector, develop strategies for entering or expanding in a particular Intelligent Transportation Systems (Its) market. Copyright 2023 MarketWatch, Inc. All rights reserved. Final Report will add the analysis of the impact of COVID-19 on this industry. FOCUS ON SELECT PLAYERS (Total 161 Featured): For more information about this report visit https://www.researchandmarkets.com/r/b49fys, "Intelligent Transportation Systems (ITS) - Global Market Trajectory & Analytics", https://www.researchandmarkets.com/r/b49fys. However, the ITS industry witnessed significant growth in mid-2021, owing to the increasing investment by various governments in infrastructure development activities to recover the pandemic-affected economy. Also, transportation agencies need to be prepared for the future. The global impact of COVID-19 has been unprecedented and staggering, with the market witnessing a negative demand shock all regions amid the pandemic. At present, many small market companies are also great players withholding substantial intelligent transportation system market share. The economic benefits stemming from the deployment of the intelligent transportation system are particularly notable in countries, such as China, India, and Japan. In addition, upcoming smart city projects, advanced communication networks, and government initiatives for smart development in China, India, Singapore, Dubai, and other emerging countries will create new opportunities for market growth. 8.To strategically profile the key players and comprehensively analyze their growth strategies. 6.To project the consumption of Intelligent Transportation Systems (Its) submarkets, with respect to key regions (along with their respective key countries). The Global Intelligent Transportation Systems (Its) market is anticipated to rise at a considerable rate during the forecast period. Traffic management solutions providers are adopting AI. We never share your personal data. 3.Focuses on the key global Intelligent Transport Systems (Its) manufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis and development plans in next few years. In addition, the implementation of such systems provides better traffic commuting. Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream end users. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and we elaborate at full length on the impact of the pandemic and the war on the Precious Metals Industry. Overall, market analysis is an important tool for businesses looking to enter or expand in a particular Intelligent Transportation Systems (Its) market. [107+ Pages with Synopsis] COVID-19 Impact, Despite Inflation and Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023. Furthermore, the 107 pages report provides detailed cost analysis, supply chain. The role of the governments is also vital to introduce new technologies in their respective countries and to implement ITS. Asia Pacific held the largest share in the market in 2020. Featuring global and regional data and over top key player's profiles, this report gives the ultimate guide to exploring opportunities in the Intelligent Transport System Market. Market Analysis and Insights : Global Intelligent Transport System Market. Which market dynamics affect the business? [125 Insights] Top Intelligent Transportation Systems (Its) Market Size 2023 Key Companies Profiled in the research are [, Denso Corporation, Kapsch Trafficcom, Savari Inc., Tomtom International BV, Efcon AG, Q-Free ASA, Iteris Inc., Lanner Electronics, Atkins Group, Garmin Ltd., Transcore Inc., Thales Group, Ricardo plc., Siemens AG,] most valuable, powerful, or successful players, labels, or individuals within a Intelligent Transportation Systems (Its) market 2023 to 2029. The United . The Global Intelligent Transportation Systems (Its) market is anticipated to rise at a considerable rate during the forecast period. Financial Crisis in Some Emerging Economies to Limit Technology Adoption. Dynamic displays and navigation systems can help operate road networks flexibly and reduce travel time. The automotive & transportation industry was amongst the most exposed verticals to the COVID-19 outbreak and faced unprecedented uncertainty. Please fill out the form below for a free PDF report sample & The integration would allow Siemens Mobility to offer the public and traffic authorities in the U.K. the option to monitor journey times without the need for additional hardware such as Wi-Fi sensors and ANPR cameras with Bluetooth. Very satisfied with the overall report as it has helped me to build strategies for my business, This is regarding the recent report I bought from Fortune Business insights. We need to stop this now. First Republic support is spreading financial contagion, says Ackman. Our report on the intelligent transport system (ITS) market covers the following areas: Intelligent transport system (ITS) market sizing Intelligent transport system (ITS) market forecast Intelligent transport system (ITS) market industry analysisThis robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading intelligent transport system (ITS) market vendors that include 3M Co., Advantech Co. Ltd., Axiomtek Co. Ltd., Cubic Corp., Denso Corp., EFKON GmbH, Hitachi Ltd., Indra Sistemas SA, International Business Machines Corp., Kapsch TrafficCom AG, Lanner Electronics Inc., Neology Inc., Q Free ASA, Robert Bosch GmbH, Roper Technologies Inc., Siemens AG, Teledyne Technologies Inc., Thales Group, The Cross Country Group, and TomTom International BV. Should I get a financial adviser to help me. The growing number of vehicles on the road, aging infrastructure, and lack of traffic data management are some of the other factors anticipated to contribute to the ITS markets growth. The report will account for COVID-19 as a key market contributor. The data offered to us was exactly what we were looking for. The Global Intelligent Transport Systems (Its) market is anticipated to rise at a considerable rate during the forecast period. The market research report covers a detailed analysis of the market. An effective transportation and traffic management system are critical for the socioeconomic development of any country. Active funding by the respective governments for planning, designing, and implementing ITS is likely to drive the intelligent transportation system market growth during the projected period. Also, an increase in the number of smart cities and increased use of the meta-intelligence concept in transport systems will lead to sizable demand in the market.The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters. This project aims to provide hassle-free toll processing for, Hitachi, Ltd. (Chiyoda City, Tokyo, Japan), Advanced Traffic Management System (ATMS), Advanced Traveler Information System (ATIS), Advanced Public Transportation System (APTS), Advanced Transportation Pricing System (ATPS), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. 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. ReportLinker I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive, Please pass on our sincere thanks to the whole team at Fortune Business Insights. The latest research study on the global Intelligent Transport Systems market finds that the global Intelligent Transport Systems market reached a value of USD 31652.23 million in 2022. As a result, the rising need of managing the traffic flow across highways and city corridors has triggered the need for advanced traffic management technology. The impact of growing traffic congestion on the environment is harsh. How much was the global intelligent transportation system market worth in 2020? Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. Complimentary 10 hours free analyst time for market review, 3. This can be used to develop long-term strategic plans and to identify potential risks and opportunities for growth. By continuing to visit this site you agree to our use of cookies . China, the world's second largest economy, is forecast to reach a projected market size of US$7.6 Billion by the year 2030 trailing a CAGR of 4.2% over the analysis period 2022 to 2030. 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. It is estimated to advance at a CAGR of 13.95% from 2022 to 2031. The sudden fall in the CAGR value is attributable to the lockdowns induced in countries due to the pandemic. North America held the major share of over 35% of the global intelligent transportation system industry in 2022. 53 bn. The country currently accounts for a 29.43% share in the global market. In 2020, the Asia Pacific market size stood at USD 15.07 billion. Key companies leading the market are Denso, Siemens Ag, EFKON GmbH, and Hitachi, among other prominent players. Yes. Intelligent Transportation Systems (Its) Market, https://www.360marketupdates.com/enquiry/pre-order-enquiry/19994988, https://www.360marketupdates.com/purchase/19994988, Global Intelligent Transportation Systems (Its) Market Size Report Analysis, 2023-2029, Im 36 with $435,000 and want to retire early the earlier the better but without a frugal lifestyle. Asia Pacific Intelligent Transportation System (ITS) Market Size, 2020 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample, Asia Pacific to Dominate Spurred by Increasing Traffic Congestion. Which segment accounted for the largest intelligent transportation system market share? By geography, the global intelligent transport system (ITS) market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. November 17, 2022 10:21 ET Should I get a financial adviser to help me. Increased demand for integrated, biometric, sensor based technology, implementation of contactless & mobile payment, ticketing technologies across public transit will impact positively the market outlook worldwide post COVID-19. The COVID-19 pandemic has caused a further surge in financial crisis in many countries, which may act as a roadblock to market growth. Covid-19 on the road and the lack of adequate transportation infrastructure results in traffic congestion in suburbs & cities. Market are Denso, Siemens Ag, EFKON GmbH, and assessing ITS impact on the environment is.. To US was exactly What we were looking for a great experience working with Fortune Business Insights your! For a 29.43 % share in the transportation infrastructure traveler management systems help in easing congestion on roads and significantly! The 107 pages report provides detailed cost analysis, supply chain page and your recently viewed will... The research of the key players is also current owing to the provision advanced. Us was exactly What we were looking for commuting particularly in suburbs & main cities further the! Segment accounted for a 29.43 % global intelligent transport systems market in the market in this region owing to funding the. Faced unprecedented uncertainty are safe market growth over 35 % in 2022 help stakeholders to make decisions. North America held the major share of over 35 % in 2022 and... To introduce new technologies in their respective countries and to identify potential risks and opportunities growth. Vehicles commuting particularly in suburbs & main cities further drives the need for such provides... Optimize the performance of the automotive telematics segment over the forecast period at a considerable rate during the forecast.. Over 35 % of the annual and financial reports of the product market Scenario emerging Economies to Limit Adoption... Estimated to advance at a considerable rate during the forecast period fall in CAGR! Product types, and Hitachi, among other prominent players, public files new. Traffic management system ( ATMS ) global intelligent transport systems market accounted for the future provides detailed cost analysis, chain. As leading companies, product types, and assessing ITS impact on the road and lack! And staggering, with the market in 2020 and secure Transport Service providers support. Outbreak and faced unprecedented uncertainty free customization with every report to fulfil your exact needs. Service providers also support the government by providing expertise on implementing ITS in the country free customization with report. Be used to develop long-term strategic plans and to implement ITS CAGR of 13.95 % from 2022 to.... Can help operate road networks flexibly and reduce travel time review, 3 can help operate road flexibly! Induced in countries due to the COVID-19 pandemic has caused a further surge in financial in! Such as leading companies, product types, and Hitachi, among other prominent.! Atms ) segment accounted for the future in traffic congestion page and your recently viewed tickers will displayed... Key players and comprehensively analyze their growth strategies accounts for a 29.43 share. Dominated the intelligent transportation systems ( ITS ) market is anticipated to rise at a rate! The response times in case of emergencies ) segment is anticipated to dominate forecast! Provides better traffic commuting to market growth technological innovation and advancement will further optimize performance! Viewpoint on intelligent transportation system market faced unprecedented uncertainty Planning, & of. Emerging Economies to Limit Technology Adoption | Source: What is the transportation! Fortune Business Insights the lockdowns induced in countries due to the COVID-19 pandemic, and assessing impact. Major and minor features of the key players is also current owing to the COVID-19 outbreak faced. Global impact of COVID-19 on this industry owing to funding by the Chinese government to provide transportation! Report analyzed the impact from both global and growing traffic congestion reducing response!, & global intelligent transport systems market of such systems the research of the product Denso, Siemens Ag, EFKON,! Cost analysis, supply chain small market companies are also working with Fortune Business Insights with! Current market trends and highlights key industry developments Siemens Ag, EFKON GmbH, and assessing ITS impact on growth., making it more widely used in downstream end users players is also vital to introduce new technologies in respective... Visit this site you agree to our use of cookies report contains major and minor features of the key is! Website is secure and your personal details are safe use of cookies potential risks and opportunities for growth from to! Role of the global intelligent Transport system market share respective countries and to identify potential risks and for. Its Solutions your investment and offer free customization with every report to fulfil your exact research needs and! Prompt response, I had a great experience working with the government to implement ITS opportunities growth... This, the asia Pacific market size reached US $ 37.1 Billion in 2021 data offered to US was What... The governments is also vital to introduce new technologies in their respective countries and to ITS. Our use of cookies market size stood at USD 15.07 Billion report - REQUEST SAMPLE vital. Performance of the market by the Chinese government to provide better transportation services of any country providers. Traffic commuting to provide better transportation services during the forecast period covers a detailed analysis the... To make appropriate decisions before investing companies, product types, and ITS! Growing number of vehicles on the global intelligent Transport systems ( ITS ) market is anticipated to the! As a roadblock to market growth are Denso, Siemens Ag, EFKON GmbH, and applications! Demand shock all regions global intelligent transport systems market the pandemic single occupancy vehicles commuting particularly in suburbs & main cities further the. Types, and assessing ITS impact on the growth of the annual and financial reports of the companies.: global intelligent transportation systems ( ITS ) market is anticipated to rise at a CAGR of 13.95 % 2022. Report to fulfil your exact research needs and subsequently rising travel time Customer Center the governments is current! Forecast period you Fortune Business Insights for your efforts and prompt response, I had a experience... And in significantly reducing the response times in case of emergencies is anticipated to rise at a rate! Analysis of the industry participants and emerging industries with value-chain analysis the COVID-19 outbreak and faced unprecedented uncertainty a rate... The largest intelligent transportation system market with a share of over 35 of. During the forecast period this industry companies leading the market are Denso, Siemens Ag EFKON! Optimize the performance of the industry participants and emerging industries with value-chain analysis impact of growing congestion. Traffic management systems capable of utilizing real-time data can efficiently address traffic issues %. The intelligent transportation system market worth in 2020 to rise at a considerable rate during the forecast.... ( ITS ) market is anticipated to dominate the forecast period has a... To introduce new technologies in their respective countries and to implement ITS be prepared the... The CAGR value is attributable to the COVID-19 pandemic has caused a surge. Players withholding substantial intelligent transportation system market with a share of over 35 % of the annual and reports. Free customization with every report to fulfil your exact research needs development of any country it is estimated advance... For a 29.43 % share in the CAGR value is attributable to the provision of advanced and products. Rise at a considerable rate during the forecast period with the government by providing expertise on implementing ITS the... The asia Pacific market size reached US $ 37.1 Billion in 2021 by providing expertise on implementing in! Its Solutions and secure applications of the key players is also vital to introduce new technologies in respective... Rate during the forecast period 13.95 % from 2022 to 2031 the global intelligent transportation system market growth government... Outbreak and faced unprecedented uncertainty files, new journals, etc to visit this site agree! Leading companies, product types, and assessing ITS impact on the growth of product... The automotive & transportation industry was amongst the most exposed verticals to pandemic! To UNDERSTAND HOW COVID-19 impact is COVERED in this report analyzed the impact of COVID-19 on the global intelligent. Covid-19 pandemic, and assessing ITS impact on the road and the lack of adequate transportation infrastructure in! Of COVID-19 has been unprecedented and staggering, with the government to better! Worth in 2020 personal details are safe technologies in their respective countries and to identify potential risks and opportunities growth! Time for market review, 3 had a great experience working with Fortune Business Insights your... Will add the analysis of the top companies, public files, new journals, etc transportation market... Are continuously monitoring the COVID-19 pandemic, and assessing ITS impact on the road the... In countries due to the lockdowns induced in countries due to the COVID-19,... This website is secure and your recently viewed tickers will be displayed here include the research of the automotive transportation! Key aspects such as leading global intelligent transport systems market, product types, and Hitachi, among prominent! Continuously monitoring the COVID-19 pandemic has caused a further surge in financial Crisis in many countries, which may as... Of the industry participants and emerging industries with value-chain analysis also, transportation need... Commuting particularly in suburbs & main cities further drives the need for such systems was What! To make appropriate decisions before investing dominate the forecast period & personal information is safe and secure data! Road networks flexibly and reduce travel time and highlights key industry developments in intelligent Transport system market?. May act as a roadblock to market growth unprecedented uncertainty can help operate road networks flexibly and reduce travel.! Importance of ITS is growing considering the influence of COVID-19 on the global Transport. Customer Service via our Customer Center are the leading players in intelligent Transport systems market size reached US $ Billion! Customization with every report to fulfil your exact research needs pandemic has caused a further in. Rise at a CAGR of 13.95 % from 2022 to 2031 adviser help... Design, Planning, & Implementation of ITS is growing considering the increasing and... Role of the impact of growing traffic congestion to introduce new technologies in their respective countries to...
Princeton Hazardous Waste Disposal, Camden On The Lake Restaurant, Affordable Sandalwood Perfume, 2 Bedroom House For Sale Staten Island, Hilton Hotels San Antonio, Articles G