Intelligent Transportation System Market: In-depth Analysis, Demand Statistics & Competitive Outlook 2022-2026

September 14, 2022

September 14^TH,2022/IndustryNewsGlobal/ -- This new report from Stratview Research analyses the Intelligent Transportation System Market over the trend period from 2014 to 2019 and forecast period from 2022 to 2026. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Intelligent Transportation System Market Overview:

The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Intelligent Transportation System Market is no different. Derived from the previous market scenario, the Intelligent Transportation System Market is likely to witness an impressive CAGR of 7.2% during the forecast period but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present. 

Get access to a deeper coverage of the impact of COVID-19 on this Market here:  https://www.stratviewresearch.com/Request-Sample/2723/intelligent-transportation-system-market.html#form

The Intelligent Transportation System Market is segmented by–

• By Type (Advanced Traveler Information System (ATIS), Advanced Traffic Management System (ATMS), Advanced Transportation Pricing System (ATPS), Advanced Public Transportation System (APTS), Emergency Medical System (EMS))
• By Mode of Transport (Roadways, Railways, Airways)
• By Application (Traffic Management, Road Safety and Security, Freight Management, Public Transport, Environment Protection, Automotive Telematics, Parking Management, Road Tolling Systems)

Key Players:

• Siemens AG (Germany)
• Thales Group (France)
• IBM Corporation (US)
• Garmin International Inc. (US)
• Addco LLC (US)
• TomTom NV (Netherlands)
• Cubic Corporation (US)
• FLIR Systems (US)
• Lanner Electronics Inc. (Taiwan)
• Denso Corporation (Japan).

Regional analysis:

By region, the North America market held the highest market share of more than 40% in 2020 and is projected to grow at a healthy CAGR in the coming years. North America is a technology hub for the development & implementation of the new and advanced technologies, including machine learning, cloud computing, big data, and IoT. Also, presence of key market players in the region coupled with strong emphasis various governments on enhancing transportation infrastructure, further bolsters the regional market growth during the review period.

About Stratview Research

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

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Author : Emily