Intelligent Transportation System Market Share, Growth, Trends Analysis, Business Opportunities and Forecast 2028: Markntel Advisors

Comprehensive Research Report on Global Intelligent Transportation System Market Analysis, Growth Forecast 2023-2028

According to MarkNtel Advisors study the Global Intelligent Transportation System Market research report is an extensive document that includes a plethora of information, including several opportunities and dynamics that are pertinent to the 2023–2028 projection period.

The Global Intelligent Transportation System Market is projected to grow at a CAGR of around 8.5% during the forecast period, i.e., 2023-28.

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Intelligent Transportation System Market Driver:

Ever-Growing Need to Reduce Traffic Congestion

The increasing traffic congestion due to the rising number of vehicle purchases resulting from enhanced living standards & disposable income is pushing the demand for a smart transportation system. Thus, the traffic issues like congestion and many private vehicles on the road incompatible with traditional infrastructural designs and traffic systems are driving the market. Additionally, it provides limitless solutions to traffic and road issues by assisting drivers and passengers, reducing accident chances by delivering advanced and fast suggestions, and leading the traffic by calculating numerous dimensions from vehicles to infrastructures. Therefore, the industry is expected to expand exponentially, further enhancing the Global Intelligent Transportation System Market size.

Competitive Landscape & Segmentation Analysis:

In order to provide a clear picture of competitive environment of the studied industry, we conducted a detailed analysis of both the major global players and the important regional small- and medium-sized businesses with significant growth potential. This global Intelligent Transportation System market research provides information on the competitors, including their sales volume and revenue with corresponding market shares, price, and gross margin. It also examines the current competitive situation of the market. Furthermore discussed are the market concentration ratio, mergers, acquisitions, and expansion strategies.

• Denso Corporation
• Iteris
• Lanner Electronics
• Agero
• EFKON
• Cisco
• Flir System
• Siemens
• TransCore
• Citilog

By identifying the high growth sectors, the study also gives stakeholders valuable insights into the trends and factors that are either driving or impeding the market growth possibilities. From a strategic perspective, it looks at each submarket’s unique growth trajectory and market share.

By Component

-Hardware

-Sensor

-Interface Boards

-Surveillance Camera

-Monitoring & Detection System

-Telecommunication Network

-Others

-Software

-Visualization Software

-Transit Management System

-Video Detection Management Software

-Others

-Services

-Professional

-Managed

By Type

-Advanced Public Transportation System (APTS)

-Advanced Traffic Management System (ATMS)

-Advanced Traveler Information System (ATIS)

-Advanced Transport Pricing System (ATPS)

-Its-Enabled Transportation Pricing System (ITPS)

-Others

By End User

-Traffic Management

-Freight Management

-Road Tolling System

-Road Safety and Security

-Public Transport

-Environment Protection

-Parking Management

-Others

By Mode of Transport

-Roadways

-Airways

-Railways

-Maritime

By Deployment

-Cloud

-On-Premise

Geographically, the Global Intelligent Transportation System extends across the following regions:

By Region

-North America

-South America

-Europe

-Middle East & Africa

-Asia-Pacific

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Key Benefits for Stakeholders:

• To determine the prevailing market opportunities, this research offers a quantitative study of the market segments, current trends, projections, and shifts in the global Intelligent Transportation System market analysis from 2023 to 2028.
• Information on the main factors driving the market as well as the obstacles and possibilities are provided.
• The power of suppliers and buyers to empower stakeholders to make profit-driven business decisions and fortify their supplier-buyer network is underscored by Porter’s five forces analysis.
• A comprehensive examination of the Intelligent Transportation System market segmentation aids in identifying the dominant market opportunities.
• The major countries in each area are shown in relation to the revenue they generate for the global market.
• Market player positioning makes benchmarking easier and gives a clear picture of the current market position of each participant discussed in the report.
• The research analyzes market trends for Intelligent Transportation System industry on a regional and global scale, as well as the major competitors, market segments, and industry expansion tactics.

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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