The Intelligent Transportation System Market is expected to reach USD 48.17 Billion by 2027, according to a new report by Emergen Research. The increasing number of on-road vehicles and inefficient existing transport infrastructure will encourage the need for an intelligent transportation system. Actions by the government towards establishing a more reliable infrastructure and running the transport system easily are anticipated to grow the market globally.

Increasing traffic and growing population in urban areas, and the rise in the adoption of smart cities are key factors contributing to the high growth of the Intelligent Transportation System.

Also, intelligent transportation systems can render more reliable safety and security by combining intelligent communication systems in the infrastructure, thus boosting the market growth. Increased income levels have increased the demand for mobility of people and increased road congestions in major cities around the world, which has fostered the demand for advanced transportation systems.

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Top Key Vendor :

• Key participants include Thales Group, Garmin, Siemens, Tomtom International BV, Flir Systems, Inc., Q-Free, Cisco Systems, Efkon GMBH, Indra Sistemas, S.A., and Denso Corporation, among others.

The research study sheds light on the key growth opportunities and market trends along with other vital market dynamics, including the drivers and restraints on the industry growth. With this report, the prospective buyers can be sure to become capable of adapting to the changes in the Intelligent Transportation System industry.

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The study has been conducted on the basis of inputs from the industry leaders. Thus, a conscious effort to dive deep and unearth hard to find information pertaining to the growing market landscape and growth prospects over the next few years is clearly visible in the study. The market intelligence report further comprises of discussions about the major vendors operating in the Intelligent Transportation System space

Segmentation:

• Mode of Transport Outlook (Revenue, USD Billion; 2017-2027)
• Roadways
• Airways
• Railways
• Systems Outlook (Revenue, USD Billion; 2017-2027)
• Advanced Traveler Information System
• Advanced Public Transportation System
• Advanced Traffic Management System
• ITS-Enabled Transportation Pricing System
• Commercial Vehicle Operation
• Application Outlook (Revenue, USD Billion; 2017-2027)
• Intelligent Traffic Control
• Parking Management
• Fleet Management and Asset Monitoring
• Collision Avoidance
• Passenger Information Management
• Emergency Vehicle Notification
• Ticketing Management
• Automotive Telematics

Global Intelligent Transportation System Market Geographical Landscape - Synopsis:

The report closely studies the growth trajectory of the global Intelligent Transportation System Market . It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East Africa.

The study elaborates on the crucial information pertaining to the regional Intelligent Transportation System share. It simultaneously focuses on the significant details about the growth patterns of each regional market.

Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.

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