APTS provides enhanced visibility into the overall timeliness of buses and trains and shares real-time information with commuters. Key companies leading the market are Denso, Siemens Ag, EFKON GmbH, and Hitachi, among other prominent players. The MarketWatch News Department was not involved in the creation of this content. Visit a quote page and your recently viewed tickers will be displayed here. The increasing number of automated and connected cars on the roads makes the transportation infrastructure future-ready. 4.To analyze the Intelligent Transportation Systems (Its) with respect to individual growth trends, future prospects, and their contribution to the total market. Intelligent Transportation System Market Size Report, 2030. It presents various market facets by identifying the key industry influencers. This website is secure and your personal details are safe. Intelligent Transportation Systems (Its) Marketsize, segment (mainly coveringMajorType (, Hardware, Software, Services, ,),End Users (, Traffic Management, Road Safety And Security, Freight Management, Public Transport, Environment Protection, Automotive Telematics, Parking Management, Road User Charging,), and regions), recent status, development trendsa and competitor landscape. South Korea is the leading country with the most considerable financing in this region for ITS deployment. The. Advancements in sensing and telecommunications technologies are particularly expected to encourage the adoption of the ITS over the forecast period. You can also contact MarketWatch Customer Service via our Customer Center. Get a Sample Copy of the Report at -https://www.360marketupdates.com/enquiry/request-sample/20664828, 1 Intelligent Transport Systems (Its) Market Overview, 1.1 Product Overview and Scope of Intelligent Transport Systems (Its) 1.2 Intelligent Transport Systems (Its) Segment by Type 1.3 Intelligent Transport Systems (Its) Segment by Application 1.4 Global Market Growth Prospects 1.5 Global Market Size by Region, 2 Market Competition by Manufacturers 2.1 Global Intelligent Transport Systems (Its) Production Capacity Market Share by Manufacturers (2017-2022) 2.2 Global Intelligent Transport Systems (Its) Revenue Market Share by Manufacturers (2017-2022) 2.3 Intelligent Transport Systems (Its) Market Share by Company Type (Tier 1, Tier 2 and Tier 3) 2.4 Global Intelligent Transport Systems (Its) Average Price by Manufacturers (2017-2022) 2.5 Manufacturers Intelligent Transport Systems (Its) Production Sites, Area Served, Product Types 2.6 Intelligent Transport Systems (Its) Market Competitive Situation and Trends, 3 Production Capacity by Region 3.1 Global Production Capacity of Intelligent Transport Systems (Its) Market Share by Region (2017-2022) 3.2 Global Intelligent Transport Systems (Its) Revenue Market Share by Region (2017-2022) 3.3 Global Intelligent Transport Systems (Its) Production Capacity, Revenue, Price and Gross Margin (2017-2022), 4 Global Intelligent Transport Systems (Its) Consumption by Region, 5 Segment by Type6 Segment by Application, 7 Key Companies Profiled 7.1 Company 7.1.1 Intelligent Transport Systems (Its) Corporation Information 7.1.2 Intelligent Transport Systems (Its) Product Portfolio 7.1.3 Intelligent Transport Systems (Its) Production Capacity, Revenue, Price and Gross Margin (2017-2022) 7.1.4 Companys Main Business and Markets Served 7.1.5 Companys Recent Developments/Updates8 Intelligent Transport Systems (Its) Manufacturing Cost Analysis 8.1 Intelligent Transport Systems (Its) Key Raw Materials Analysis 8.1.1 Key Raw Materials 8.1.2 Key Suppliers of Raw Materials 8.2 Proportion of Manufacturing Cost Structure 8.3 Manufacturing Process Analysis of Intelligent Transport Systems (Its) 8.4 Intelligent Transport Systems (Its) Industrial Chain Analysis, 9 Marketing Channel, Distributors and Customers 9.1 Marketing Channel 9.2 Intelligent Transport Systems (Its) Distributors List 9.3 Intelligent Transport Systems (Its) Customers, 10 Market Dynamics 10.1 Intelligent Transport Systems (Its) Industry Trends 10.2 Intelligent Transport Systems (Its) Market Drivers 10.3 Intelligent Transport Systems (Its) Market Challenges 10.4 Intelligent Transport Systems (Its) Market Restraints, 11 Production and Supply Forecast 11.1 Global Forecasted Production of Intelligent Transport Systems (Its) by Region (2023-2028), 12 Consumption and Demand Forecast 12.1 Global Forecasted Demand Analysis of Intelligent Transport Systems (Its), 13 Forecast by Type and by Application (2023-2028) 13.1 Global Production, Revenue and Price Forecast by Type (2023-2028), 15 Methodology and Data Source 15.1 Methodology/Research Approach 15.1.1 Research Programs/Design 15.1.2 Market Size Estimation 15.1.3 Market Breakdown and Data Triangulation 15.2 Data Source 15.2.1 Secondary Sources 15.2.2 Primary Sources 15.3 Author List 15.4 Disclaimer, Purchase this Report (Price 2980 USD for a Single-User License) https://www.360marketupdates.com/purchase/20664828, Press Release Distributed by The Express Wire, To view the original version on The Express Wire visit 2023 Intelligent Transport Systems (Its) Market Size, Growth | Global Industry Trends [2029], COMTEX_426683751/2598/2023-03-15T12:38:56. The global intelligent transportation system market was valued at US$ 24.32 Bn in 2021. The region is home to the major global market players and is equipped with several technologies for the development and implementation of the latest, advanced technologies, such as machine learning, big data, and cloud computing, to manage the increasing traffic and public transportation system. See for yourself. ReportLinker Traffic congestion is a repetitive problem across the globe, causing huge fuel consumption and impacting the quality of life. Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and . ATMS will be adopted at higher rates during the forecast period to address this challenge. AI has the potential to create changes in the modeling of the system. "The quality of research they have done for us has been excellent.". Request a Free sample to learn more about this report. Besides this, the report offers insights into the current market trends and highlights key industry developments. Considering the influence of COVID-19 on the global Integrated Intelligent Transport System market, this report analyzed the impact from both global and . TO UNDERSTAND HOW COVID-19 IMPACT IS COVERED IN THIS REPORT - REQUEST SAMPLE. Based on type, the market is segmented into the advanced traffic management system (ATMS), advanced traveler information system (ATIS), advanced public transportation system (APTS), advanced transportation pricing system (ATPS), and others. Who are the leading players in Intelligent Transport Systems (Its) market? Please find a more complete list of data sources in Chapters: 1.To study and analyze the global Intelligent Transportation Systems (Its) consumption (value) by key regions/countries, product type and application. online dashboard trial. However, I can provide a high-level summary of some of the key trends and factors that are currently impacting the global Intelligent Transportation Systems (Its) market. These systems enhance the road networks reliability and operational performance, including vehicle detection systems, bridge traffic management systems, and ramp metering systems, among other systems. [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. Furthermore, the 125 pages report provides detailed cost analysis, supply chain. Inquire or Share Your Questions If Any Before the Purchasing This Report https://www.360marketupdates.com/enquiry/pre-order-enquiry/20664828, Market segment by Region/Country including: -, User center of Intelligent Transport Systems (Its) market 2023. Which segment accounted for the largest intelligent transportation system market share? The U.S. among the region is leading in contributing to growth of the region due to its FAST Act, use of advance technology and rising adoption ratio, and overall government involvement for smart cities project. This information can help stakeholders to make appropriate decisions before investing. 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. This complete system provides accurate object detection for plate recognition, vehicle speed detection, parking spot detection, truck, motorbike, and pedestrian violations. Traveler management systems help in easing congestion on roads and in significantly reducing the response times in case of emergencies. Hence, the government bodies role across the globe is also important to launch new technologies in the country and execute intelligent transportation systems, which will be expected to drive the demand for the market and reduce the financial burden on governments. Also, other European countries also contributing towards development of this market. Revenue Share Analysis (MN USD) by top key Players, Revenue Market Share (%) by key Players and further, a qualitative analysis is made headed for market cognizance rate, product . Advanced Traffic Management System (ATMS) is the leading segment in the global market in 2020. The implementation and significant use of ITS to reduce road accidents and enhance road safety is a major factor driving the growth of the market. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________, https://www.reportlinker.com/p04988830/?utm_source=GNW. The Global IoT in Intelligent Transportation System market size is expected to gain market growth in the forecast period of 2023 to 2028, with a CAGR of XX in the forecast period of 2023 to 2028 and will be expected to reach USD XX million by 2028, from USD XX million in 2023. b. The advanced transportation pricing system (ATPS) segment is also projected to show steady growth in the market over the forecast period. Explore purchase options. The strong emphasis of various governments on improving transportation infrastructure is driving the adoption of intelligent transportation systems. North America held the major share of over 35% of the global intelligent transportation system industry in 2022. Global competitiveness and key competitor percentage market shares, Market presence across multiple geographies - Strong/Active/Niche/Trivial, Online interactive peer-to-peer collaborative bespoke updates, Effect of the Pandemic on Transportation Industry, COVID-19 Necessitates Profound Changes in Travel Patterns, COVID-19 Holds Hidden Opportunity for Intelligent Transportation System, Pandemic Creates Need for Resilient Transportation System, COVID-19 Brings Fourth Need for Intelligent Transportation Systems amid Certain Limitations, Advanced Traffic Management Systems (ATMS), Public Vehicle Transportation Management Systems (PVTMS), Commercial Vehicle Operations (CVO) Systems, Advanced Vehicle Information Systems (AVIS), In Vehicle Intelligent Transportation Systems: A Complimentary Review, Intelligent Transportation System: A Cornerstone Technology for Smart Transportation, ITS Empowering the Real Modern Day Transport Infrastructure, Enhancing Efficiency & Economy of Transport Systems, Key Result Areas of ITS in Ensuring Safety, Internet, X Ray and DSRC: The Key ITS Enablers, Developed Markets: Traditional Revenue Contributors for ITS Market, Developing Markets to Turbo Charge Future Growth in the ITS Market, Intelligent Transportation Systems (ITS) - Global Key Competitors Percentage Market Share in 2022 (E), Transportation Management Systems Market Share Breakdown of Key Players: 2020E, Transportation Software Global Competitor Market Share Positioning for 2020E, Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E), As a Novel Platform Capable of Enabling Future-Proof Traffic Management, ITS Set to Widen its Addressable Market, Continued Rise in Vehicular Traffic and Need to Regulate Traffic Flow: A Business Case for ITS Investments, Breakdown of Annual Hours of Delay Due to Traffic Congestions in Select Countries & Cities Worldwide, Growing Number of Road Accidents and Need to Ensure on-Road Safety to Commuters Drives Business Case for ITS, Focus on Smart Highways and Smart Roads to Enhance ITS Deployments, The Growing Need to Bridge Infrastructure Gap Which is the Highest for Roadways Promises Robust Opportunity for Smart, Growing Investments in Road Infrastructure Development, Continuous Development of World's Highways to Expand Market Opportunities for ITS & Allied Markets, Heightened Focus on Integrating Diverse Technologies Set to Streamline ITS Landscape, Prevailing Technological Trends Fully Support Deployments of Large-Scale ITS, Rapid Urbanization Triggers Growth in the ITS Market, Increasing Number of Mega Cities Favors Future Growth, Major Global Cities Leading the Way in Deployment of Intelligent Transportation Systems, Growing Smart City Market to Drive Demand for ITS, Capabilities to Improve Logistics Drives Adoption of ITS, Growing Emphasis on Smart Transportation Widens Prospects, Smart Parking Technologies Come to the Fore to Address Parking Related Issues, Transformational Role of IoT Expands ITS Application Areas, Advanced In-Vehicle Infotainment Systems Render Support to ITS Networks, Public-Private Collaborations Support ITS Development, Government Policy Vis-a-vis ITS Projects: Critical for ITS Implementations, The Secret of Success of ITS Projects Lies in "Concept Selling", Rapidly Evolving Role of Cellular Networks in ITS: A Major Ongoing Trend, 5G to Widen the Role of Cellular Connectivity in ITS Ecosystem, Dynamic Roadside Signs for Providing Information about Truck Parking Space Availability, Super Intelligent Transport Systems Emerge to Redefine ITS Concept, Technology Developers & Authorities Seek to Bring Forward Interoperability Standards, Key Objective Areas of the Common Standards, Automated Electronic Toll Collection Makes its Way into the ITS Domain, Growing Popularity of Road User Charging Brightens Market Prospects for ETC, Need to Avoid Lengthy Waiting Lines & Environmental Pollution at Toll Plazas Drives Demand, Innovation & Market Differentiation - Key Determinants for Success of ETC Projects, Lower Operational Costs of ETC Systems Enable Increased Acceptance, Cooperative ITS Promises to Change the Face of Urban Transportation, Europe Remains at the Forefront of C-ITS Efforts Worldwide, V2X Gains Notable Attention to Alleviate Traffic Concerns, Connected Vehicles Pave the Way for Wider Uptake of V2X Technologies, V2X Technology Improves Vehicle Telematics, GSMA Issues Guidelines for Spectrum Considerations in ITS, Road Safety Cameras Augment ITS Capabilities, Role of Master Plans and Common Standards, Growing Data Volumes to Drive Use of Data Analytics in ITS, Using Open Data & Big Data to Improve ITS Services, Implications of Open Data in Designing ITS Services, Big Data Applications Raise Privacy Concerns in ITS, Protection for ITS Vital to Prevent Cyber Attacks, Potential Risks & Threats to Smart Vehicles and ITS Networks, Regional Differences in ITS Services Adoption Persist, Myths about Red Light Cameras Limits its Adoption. At present, many small market companies are also great players withholding substantial intelligent transportation system market share. 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. . The global Intelligent Transportation System (ITS) market was worth $41.2 Bn in 2020 and Is Expected To Reach $74.1 Billion by 2028, with a CAGR of 9.3%. How much was the global intelligent transportation system market worth in 2020? It also provides accurate information and cutting-edge analysis that is necessary to formulate an ideal business plan, and to define the right path for rapid growth for all involved industry players. The remarkable growth of the automotive telematics segment can be attributed to the initiatives being pursued by government bodies for ensuring safety and security on roads. ITS provides traffic management solutions that enable enhanced road safety, traffic flow, and mobility, creating a positive market outlook. The intelligent transport system market is expected to witness market growth at a rate of 9.05% in the forecast period of 2021 to 2028. Data Bridge Market Research report on intelligent transport system market provides analysis and insights regarding the various factors . The United . The automotive telematics segment is expected to register a CAGR of 9.9% through 2030. Please find the key player list in Summary. Intelligent transportation system (ITS) is the application of sensing, analysis, control, and communications technologies in transportation in order to improve safety, mobility, and efficiency. Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream end users. Complimentary 10 hours free analyst time for market review, 3. Research and Markets It also throws light on the progress of key regional Intelligent Transportation Systems (Its) Markets such as North America, Europe, Asia-Pacific, South America and Middle East and Africa. These systems allow all the road and transportation infrastructure systems to be fully connected, leading to a wide range of applications for users. We value your investment and offer free customization with every report to fulfil your exact research needs. The Global Intelligent Transportation System Market is valued at USD 39.5 Billion in the year 2021 and is projected to reach a value of USD 68.8 Billion by the year 2028. Japan Intelligent Transportation System Market Research & Intelligence Report Study Consists: Intelligent Transportation System Market Size, Share & Trends Analysis Report By Offering (Hardware . It's expected that the market will achieve USD 44458.95 million by 2028, exhibiting a CAGR of 5.83% during the forecast period. 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