Intelligent Transportation System Industry Market Growth, Trends, Size, Share, Players, Product Scope, Regional Demand and 2026 Forecast
This report covers the recent COVID-19 and its impact on Intelligent Transportation System Market and the global and regional market with an in-depth analysis.
New York, United States – July 1, 2020 /MarketersMedia/ —
Intelligent transportation system (ITS) is the application of sensing, analysis, control and communications technologies to ground transportation in order to improve safety, mobility and efficiency. ITS includes a wide range of applications that process and share information to ease congestion, improve traffic management, minimize environmental impact and increase the benefits of transportation to commercial users and the public in general. ITS, which is part of the Internet of Things, includes vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) technology and incorporates both wireless and wire line communications-based information and electronics technologies. Wireless technology is used to connect vehicle information and location to other vehicles, other transportation modes, local infrastructure and remote infrastructure in the cloud.
The increase in the number of vehicles, traffic congestion, and showing passengers real-time traffic information in different regions have increased the demand for advanced public transportation management systems and promoted the development of intelligent transportation systems. The rapidly changing road conditions require the government to respond more quickly to accidents and emergencies with higher efficiency and promote the development of intelligent transportation systems. Artificial intelligence has been applied in multiple industries, including transportation, supply chain and logistics, and the increasing amount of data in transmission management has driven the demand for more complex data processing solutions, which has promoted the development of intelligent transportation systems. The system is increasingly using AI to track data in real time and optimize efficiency. Growing e-commerce business and changing consumer behavior pose new challenges to manufacturers, retailers, and logistics. Consumers have particularly high requirements for reliability, high efficiency, and real-time shipment tracking facilities, all of which require advanced intelligence. traffic system. Developed markets in Europe and North America have mandated the use of electronic stability control (ESC) systems, driver assistance systems in passengers and commercial vehicles. This is expected to have a favorable impact on the overall demand for intelligent transportation systems. The financial crisis and national economic problems may hinder the development of intelligent transportation systems. Because the implementation and deployment of intelligent transportation systems require government funding support, high costs, and low rates of return, if the country’s economy experiences problems, the country may not be able to implement it due to lack of funds.
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The Major Players Profiled in This Report Include:
ADDCO
Hitachi, Ltd.
Siemens
Nuance Commination, Inc.
Q-Free ASA
Ricardo
Sensys Networks, Inc.
Telenav, Inc.
Thales Group
Xerox Corporation
The Type and Application Analysis:
On the basis of type, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into:
Advanced Traffic Management System (ATMS)
Advanced Traveler Information System (ATIS)
Advanced Public Transportation System (APTS)
Advanced Transportation Pricing System (ATPS)
Other
On the basis of application, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each application/end users, primarily divided into:
Road Tolling System
Traffic Management
Road Safety and Security
Parking Management
Freight Management
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North America dominates the ITS market and is expected to maintain its dominant position in the next few years. The US government has developed a national architecture to provide guidance to private companies and urban areas that may implement intelligent transportation systems. The development momentum in the Asia-Pacific region is also very strong. Because the Chinese government has the most funds to implement ITS, China is in a leading position in the market. Europe is the second-largest market holder in the ITS market and has deployed a large number of ITS in the field of public transportation. With Brazil and Mexico supporting the planning and deployment of ITS, Latin America is also expected to show good market growth.
Intelligent Transportation System Report Table of Content:
Chapter 1 Report Overview
Chapter 2 Market Trends and Competitive Landscape
Chapter 3 Segmentation of Intelligent Transportation System Market by Types
Chapter 4 Segmentation of Intelligent Transportation System Market by End-Users
Chapter 5 Market Analysis by Major Regions
Chapter 6 Product Commodity of Intelligent Transportation System Market in Major Countries
Chapter 7 North America Intelligent Transportation System Landscape Analysis
Chapter 8 Europe Intelligent Transportation System Landscape Analysis
Chapter 9 Asia Pacific Intelligent Transportation System Landscape Analysis
Chapter 10 Latin America, Middle East & Africa Intelligent Transportation System Landscape Analysis
Chapter 11 Major Players Profile
11.1 ADDCO
11.1.1 ADDCO Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Hitachi, Ltd.
11.2.1 Hitachi, Ltd. Profile and Recent Development
11.2.2 Market Performance
11.2.3 Product and Service Introduction
11.3 Siemens
11.3.1 Siemens Company Profile and Recent Development
11.3.2 Market Performance
11.3.3 Product and Service Introduction
…
Chapter 12 Data Source and Research Methodology
The List of Tables and Figures
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Key Questions Answered by This Report:
What is the size and CAGR of the Intelligent Transportation System Market?
What are the key driving factors of the most profitable regional market?
Which are the leading companies in the global market?
How will the Intelligent Transportation System Market advance in the coming years?
What are the main strategies adopted in the global market?
Which region may hit the highest market share in the coming era?
What trends, challenges, and barriers will impact the development and sizing of the Intelligent Transportation System Market?
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