Intelligent Transportation System (ITS) Market Intelligent transportation system (ITS) is the applicability of advanced technologies, systems, components and their integration to provide better management of traffic, vehicles, safety, emergency services to improve the user experience in public as well as private transportation whether that be on roadways, railways, aviation or even maritime. Though, the applications of these technologies is not just limited to traffic management but for better allocation of resources, with limited resource availability.
Market Drivers:
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
Market Restraints:
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
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Some of the leading key players profiled in this study:
Few of the major competitors currently working in the global intelligent transportation system (ITS) market are 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.
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Key Pointers Covered in the Intelligent Transportation System (ITS) Market Trends and Forecast to 2026
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- Intelligent Transportation System (ITS) Market New Sales Volumes
- Intelligent Transportation System (ITS) Market Replacement Sales Volumes
- Intelligent Transportation System (ITS) Market Installed Base
- Intelligent Transportation System (ITS) Market By Brands
- Intelligent Transportation System (ITS) Market Size
- Intelligent Transportation System (ITS) Market Procedure Volumes
- Intelligent Transportation System (ITS) Market Product Price Analysis
- Intelligent Transportation System (ITS) Market Healthcare Outcomes
- Intelligent Transportation System (ITS) Market Cost of Care Analysis
- Intelligent Transportation System (ITS) Market Regulatory Framework and Changes
- Intelligent Transportation System (ITS) Market Prices and Reimbursement Analysis
- Intelligent Transportation System (ITS) Market Shares in Different Regions
- Recent Developments for Intelligent Transportation System (ITS) Market Competitors
- Intelligent Transportation System (ITS) Market Upcoming Applications
- Intelligent Transportation System (ITS) Market Innovators Study
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Scope of the Intelligent Transportation System (ITS) Market
- Current and future of Intelligent Transportation System (ITS) Market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Global Intelligent Transportation System (ITS) Market By Protocol (Short Range, Long Range, IEEE 1512, TMDD), Offering (Hardware, Software, Services), System (ATMS, EMS, ATIS, ITS-Enabled Transportation Pricing System, ATPS, APTS, Cooperative Systems, ANPR, Commercial Vehicle Operation), Application (Roadways, Railways, Aviation, Maritime), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
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