The Business Research Company’s Intelligent Transport System Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Intelligent Transport System Global Market Report 2023 evaluates intelligent transport system market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global intelligent transport system market size is expected to grow from $29.58 billion in 2022 to $33.18 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global intelligent transport system market size is expected to reach $50.23 billion in 2027 at a CAGR of 10.9%.
The intelligent transport system market segments in the report are:
1) By Component: Hardware, Software, Services
2) By System: Advanced Traffic Management Systems (ATMS), Advanced Traveler Information Systems (ATIS), Advanced Transportation Pricing Systems (ATPS), Advanced Public Transportation Systems (APTS), Emergency Medical Systems (EMS)
3) By Mode of Transport: Roadways, Railways, Airways
4) By Application: Intelligent Traffic Control, Collision Avoidance, Parking Management, Ticketing Management, Automotive Telematics, Fleet Management And Asset Monitoring, Other Applications
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The table of contents in TBRC’s intelligent transport system market report includes:
1. Executive Summary
2. Intelligent Transport System Market Characteristics
3. Intelligent Transport System Market Trends And Strategies
4. Intelligent Transport System Market - Macro Economic Scenario
5. Intelligent Transport System Market Size And Growth
.....
26. Africa Intelligent Transport System Market
27. Intelligent Transport System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Intelligent Transport System Market
29. Intelligent Transport System Market Future Outlook and Potential Analysis
30. Appendix
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According to a new study published by Polaris Market Research the global intelligent transport system (ITS) market is anticipated to reach USD 73.9 billion by 2026.
The implementation of intelligent transport systems to reduce the road accidents and street mishaps is one of the major driver for this market.
The adoption for vehicle to vehicle and vehicle to infrastructure communication for helping in improvement of street security is presumed to gain pace throughout the forecast years.
One of the restrictions to the market are the interoperability issues between the vehicle and the control units, however successful communication can be accomplished just by developing an up embedded technology that gives real time notifications.
The ITS frameworks also help to reduce carbon dioxide density in the air and greenhouse fumes in densely populated territories through traffic administration and therefore helps in lowering exhaust gases.
Request a sample this report by clicking the link below:https://www.polarismarketresearch.com/industry-analysis/intelligent-transport-system-market The consistent development and improvement in the transportation system have turned into an essential need for advancement of street networking in the transportation frameworks.
The increased need of surveillance of passengers for their safety and for providing them with convenient transportation facilities is driving the market.
The users get benefit in terms of saving their time and availing cost effectiveness by implementation of this technology.The airways is adopting various tools as a part of intelligent airways system such as the display screens on the airports and in domestic & international airports for providing information about the next stop.
The implementation of intelligent airways transportation system helps in ensuring safe drive of airlines even in adverse climatic conditions and prevents airlines from accidents.
SceneWorks have tailored solutions for areas such as Police Crime Scene forensic documentation, Security, Critical Infrastructure and also Industrial Industries such as Rail, Nuclear, Oil and Gas, Utilities, Construction and other Visual Asset Management applications.April, 2017, Siemens is launching Digital Rail Services in the U.S., a new business that will use intelligent sensors and advanced software platforms to put intelligence behind billions of data points created on the country’s rail systems.
This insight will help rail operators across the U.S. improve their operations and create an “Internet of Trains” to bring infrastructure and vehicles into the digital era.
Powered by software tools, the Digital Service business will help rail operators reduce unplanned downtime, improve operational efficiency, enable improved business planning and performance, as well as generate energy and cost savings.
Intelligent Railway Transport System MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Intelligent Railway Transport System Market.
The growth sectors of the Intelligent Railway Transport System Market are identified with precision for a better growth perspective.The global intelligent railway transport system market is expected to touch 90 billion by 2022.
The market is expected to expand at 26.6 % CAGR during the assessment period (2017-2022) owing to the growing adoption of IoT in the railway system.
Smart city initiatives like intelligent transport system are rapidly developing not only to promote better community service but also increase public safety.
Intelligent Railway Transport System is an emerging concept in several countries and enables the organization to use several components of IT for managing the services provided by the railways.FREE PDF@ Read on marketresearchfuture.comFuture Drivers and Constraints Impacting the MarketBenefits such as high service quality and high security for the passengers is mainly driving the intelligent railway transport system market globally.
The emerging technologies along with high adoption of IoT is also stimulating the market growth over the period.
Intelligent Transport System market research report is always helpful to business or organization in every subject of trade for taking better decisions, solving the toughest business questions and minimizing the risk of failure.
The studies of this report carefully analyzes the market status, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, and distributors.
In addition, different segments of the market taken into consideration in this Intelligent Transport System market analysis report give better market insights with which reach to the success gets extended.Intelligent transport system market is expected to grow at a CAGR of 8.63% in the forecast period of 2020 to 2027.The data and info gathered to frame this Intelligent Transport System report is based on the modules with large sample sizes.
The market report gives details about major manufacturers, suppliers, distributors, traders, customers, investors, major types, and major applications.
This business report offers complete market analysis and forecasting, market definition, market drivers and market restraints, market share, market segmentation and analysis of key players in the market.
Intelligent Transport System market research report also brings into light key opportunities in the Intelligent Transport System industry and influencing factors which aids in taking business to the new level.Get Sample PDF of Intelligent Transport System Market Report (including COVID19 Impact Analysis) @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-intelligent-transport-system-marketIntelligent Transport SystemDriver: Growing traffic congestionThe deployment of ITS helps in providing real-time traffic statistics that can help in resolving growing traffic congestion concerns.
