Intelligent Transportation System Market to be driven by the rising demand for personal mobility devices in the Forecast


Intelligent Transportation System Market size is expected to reach US$ 90.50 Bn by 2029, growing at a CAGR of 10% during the forecast period.

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Intelligent Transportation System Market to be driven by the rising demand for personal mobility devices in the Forecast

Intelligent Transportation System Market Overview:


Maximize Market Research published reports help you understand the landscape of  Intelligent Transportation System market that you are competing in. The  Intelligent Transportation System market overview gives thorough details about the size of the market, trade statistics, leading players, and various market metrics such as life cycle, trends, etc. The research analyst, Ms. Dharati Raut has said the hat APAC region is a lucrative opportunity for manufacturers for the next ten years. Our Report helps you understand the context of the  Intelligent Transportation System market economy as a whole.

 

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Market Scope:


The report provides overall market insights for manufacturers, suppliers, distributors, and investors in the global Intelligent Transportation System market. The report helps you in a clear understanding of which is your potential target audience in Intelligent Transportation System market. The report also analyses if the Intelligent Transportation System market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc. The information and data provided in the report may be used by all stakeholders, students, consulting firms, research institutes, industry professionals, journalists, business researchers, etc. in the global Intelligent Transportation System market. You can design the business strategies using the insights such as how many rivals, who are they, how many buyers you have etc. provided in our report.
Drivers:

 

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Segmentation:

 

According to the report, road traffic-related deaths have been increasing in the past few years. The usage of ITS to reduce road accidents and to increase safety are the major driving forces for the ITS market. The demand for Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communication to enhance road safety is expected to gain momentum during the future. Furthermore, the increasing number of megacities and the population growth in emerged and emerging countries has increased the importance of deploying an intelligent transport system (ITS). ITS system establishes both, road transport and metro or underground rail system. ITS involves the refurbishment of overall technological aspects like GPS, Carrier Access for Land Mobiles (CALM), Dedicated Short Range Communication (DSRC) etc.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global intelligent transportation system (its) market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global intelligent transportation system (its) market.

Key Players:


• Agero, Inc.
• Addco Llc
• Lanner Electronics, Inc.
• Nuance Communications, Inc.
• Ricardo Plc
• Sensys Networks, Inc.
• Telenav, Inc.
• Efkon AG
• Thales Group.
• Advantech Co., Ltd.


The competitive landscape is a critical aspect every key player needs to be familiar with. The report throws light on the competitive scenario of the global Intelligent Transportation System market to know the competition at both the domestic and global levels. Vendors can examine the competitive landscape from the perspectives of market, application, and geography, as well as determine whether current capabilities and future growth prospects are appropriate, using the Competition Strategy window. Additionally, companies in the report are studied based on key factors such as company size, market share, market growth, revenue, production volume, and profits.

Regional Analysis:
The five major world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The market's key geographies, as well as notable segments and sub-segments, are examined in the  Intelligent Transportation System Industry Research. The regional Analysis provided in our report helps you understand the  Intelligent Transportation System market in various regions. Every region has different factors such as political, geographic, buying behaviour, etc. which are affecting the  Intelligent Transportation System market. This research has provided market trends, key opportunities, factors affecting of particular regions, to examine the global and domestic  Intelligent Transportation System market and these findings have been strategically presented in the report.

Key Questions answered in the  Intelligent Transportation System Market Report are:
Which product segment grabbed the largest share in the  Intelligent Transportation System market?
How is the competitive scenario of the  Intelligent Transportation System market?
Which are the key factors aiding the  Intelligent Transportation System market growth?
Which region holds the maximum share in the  Intelligent Transportation System market?
What will be the CAGR of the  Intelligent Transportation System market during the forecast period?
Which application segment emerged as the leading segment in the  Intelligent Transportation System market?
Which are the prominent players in the  Intelligent Transportation System market?
What key trends are likely to emerge in the  Intelligent Transportation System market in the coming years?
What will be the  Intelligent Transportation System market size by 2027?
Which company held the largest share in the  Intelligent Transportation System market?

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Published in

Electronics , News

Published on

Mar 09, 2023

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