The intelligent transportation system market refers to the application of innovative communication and information technologies in traffic and transportation system operations to enhance driver experience in a myriad of different ways. In other words, the ITS market is essentially any mode of transportation that involves intelligent communication technologies. ITS is part of the Internet of Things and includes both wireless and wireline communication-based information.
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The latest research on the Global Intelligent Transportation Systems (ITS) Market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Intelligent Transportation Systems (ITS) industry, considering all significant industry trends, market dynamics, and competitive landscape. In addition, the analysis includes critical information on the Intelligent Transportation Systems (ITS) Market status of the main market players, major trends, and future market development opportunities. These research papers are designed to help readers find information and make decisions that will help them grow their business. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Leading Key Players Covered Intelligent Transportation Systems (ITS) Market: -
- Thales Group
- Conduent Inc
- Cubic Corporation
- Addco
- Agero Inc
- Denso Corporation
- EFKON GmbH
- Hitachi Ltd
- Garmin Ltd
- Thales Group
- Xerox Corporation
- Recardo
- Sensys Networks Inc
- Telenav Inc
- Iteris Inc
- Kapsch TrafficCom
- Lanner
- Nuance Communications Inc
- Q-Free ASA
- Siemens AG
- TomTom International BV
- TransCore
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Segmentation of Intelligent Transportation Systems (ITS) Market: -
By Type
- Hardware
- Software
- Services
By System
- ATMS
- ATIS
- ITPS
- Others
By Application
- Roadway
- Railway
- Aviation
- Maritime
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By Region
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
Covid-19 Impact on Intelligent Transportation Systems (ITS) Market
The outbreak of the COVID-19 pandemic has taken an extreme toll on new intelligent transportation system (ITS) sales and installations. Several most important system hardware producers have suspended their operations for time being because of disruptions in the supply chain and the dearth of components. Nevertheless, the present ITS solutions set up throughout the globe is getting used aggressively. Although the efforts undertaken through each private and public entity had been a success through various measures, the implementation of clever technology has established the function of shaping the future.
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