Intelligent Transportation Systems (ITS) Market Estimated a CAGR of 11.9 % by 2027 | Siemens AG, Hitachi, Thales

#3200,SEATTLE, WASHINGTION , UNITED STATES, February 16, 2022 /EINPresswire.com/ -- The global intelligent transportation systems (ITS) market was valued at US$ 30.1 Bn in 2019 and is forecast to reach a value of US$ 74.3 Bn by 2027 at a CAGR of 11.9% between 2020 and 2027.

The Intelligent Transportation Systems (ITS) Market Research Report presents treasured understandings gained through detailed reviews conducted by our expert analysts. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.

Transport plays a major role in a country’s economic and social development. Inadequate working of traffic signals and traffic incidents are major causes of all traffic jams and increased carbon emissions in urban and interurban networks. According to various, ITS associations such as ITS Canada, ITS Turkey, etc. advanced traffic management systems (ATMS) reduce the waiting time at a signal by 20% to 30% and the travel time by 25%, which in turn helps in saving a huge chunk of notified congestion

𝗚𝗲𝘁 𝗜𝗻-𝗗𝗲𝗽𝘁𝗵 𝗤𝘂𝗮𝗹𝗶𝘁𝗮𝘁𝗶𝘃𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀; 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗥𝗲𝗽𝗼𝗿𝘁 @
https://www.coherentmarketinsights.com/insight/request-sample/4174

COVID-19 scenario:
Due to the imposed lockdown and various restrictions to curb the spread of the virus, the manufacturing and industrial operations were either slowed down or completely stopped, thus declining the demand dynamics of the Intelligent Transportation Systems (ITS) Market worldwide.

Global Intelligent Transportation Systems (ITS) market: Regional Analysis:-
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including the U.S., Canada, Germany, France, the U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years.

𝑪𝒐𝒎𝒑𝒆𝒕𝒊𝒕𝒊𝒗𝒆 𝑬𝒏𝒗𝒊𝒓𝒐𝒏𝒎𝒆𝒏𝒕:
Siemens AG, TomTom NV, Hitachi Ltd, Thales Group, WS Atkins PLC, Telenav, Inc., Nuance Communications Incorporation, Kapsch TrafficCom AG, EFKON AG, Iteris, Inc., and Garmin International Inc.

𝗙𝗼𝗿 𝗠𝗼𝗿𝗲 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗔𝗯𝗼𝘂𝘁 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁, 𝗚𝗲𝘁 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙 @
https://www.coherentmarketinsights.com/insight/request-pdf/4174

Key Developments:
Key market players are involved in contracts and agreements, in order to gain a competitive edge in the market. For instance, in April 2019, Iteris, Inc. received a US$ 1 million contract to update Florida’s Intelligent Transpiration Systems Architectures.

What Deliverables Will You Get in this Report?
⇀ In-depth analysis of the Intelligent Transportation Systems (ITS) Market.
⇀ Detailed market segmentation.
⇀ Competitive-landscape analysis.
⇀ Historical, present, and future market size analysis.
⇀ Industry trends, technologies, and advancements.
⇀ Growth and operation strategies adopted by key players.
⇀ Potential segments/regions offering promising growth.
⇀ The geographical presence of the key players.

How is the Report Helpful?
➱ The report has a very high utility for the key decision-makers and strategists in terms of accurate market insights, future growth opportunities, and key success factors.

➱ Most importantly, the report analyses the possible impact of COVID-19 on the market dynamics which offers cushioning against the uncertain business environment and helps in streamlining the resources and investment decisions in a fruitful manner.

𝗖𝗹𝗶𝗰𝗸 𝘁𝗵𝗲 𝗟𝗶𝗻𝗸 𝘁𝗼 𝗔𝗽𝗽𝗹𝘆 $𝟮𝟬𝟬𝟬 𝗙𝗹𝗮𝘁 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 @ https://www.coherentmarketinsights.com/promo/buynow/4174

Reasons to Buy this Intelligent Transportation Systems (ITS) Market Report:
➧ This study presents an analytical depiction of the global Intelligent Transportation Systems (ITS) market along with the current trends and future estimations to depict the imminent investment pockets.
➧ The overall market potential is determined to understand the profitable trends to enable stakeholders to gain a stronger foothold in the market.
➧ The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
Porter's five forces analysis illustrates the potency of the buyers and suppliers in the market.

𝑻𝒉𝒂𝒏𝒌 𝒚𝒐𝒖 𝒇𝒐𝒓 𝒓𝒆𝒂𝒅𝒊𝒏𝒈 𝒐𝒖𝒓 𝒓𝒆𝒑𝒐𝒓𝒕. 𝑷𝒍𝒆𝒂𝒔𝒆 𝒄𝒐𝒏𝒏𝒆𝒄𝒕 𝒘𝒊𝒕𝒉 𝒖𝒔 𝒕𝒐 𝒌𝒏𝒐𝒘 𝒎𝒐𝒓𝒆 𝒂𝒃𝒐𝒖𝒕 𝒕𝒉𝒆 𝒓𝒆𝒑𝒐𝒓𝒕 𝒂𝒏𝒅 𝒊𝒕𝒔 𝒄𝒖𝒔𝒕𝒐𝒎𝒊𝒛𝒂𝒕𝒊𝒐𝒏 𝒇𝒆𝒂𝒕𝒖𝒓𝒆. 𝑶𝒖𝒓 𝒕𝒆𝒂𝒎 𝒘𝒊𝒍𝒍 𝒆𝒏𝒔𝒖𝒓𝒆 𝒕𝒉𝒆 𝒓𝒆𝒑𝒐𝒓𝒕 𝒊𝒔 𝒘𝒆𝒍𝒍 𝒔𝒖𝒊𝒕𝒆𝒅 𝒕𝒐 𝒎𝒆𝒆𝒕 𝒚𝒐𝒖𝒓 𝒓𝒆𝒒𝒖𝒊𝒓𝒆𝒎𝒆𝒏𝒕𝒔.

Mr. Shah
Coherent Market Insights Pvt. Ltd.
206-701-6702
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
Other