MarkNtel Advisors is not just a market research company; it is a cornerstone in the realm of research and consulting provide market research report titled as Intelligent Transportation System Market Size, Share, Analysis, Forecast 2023-2028.
Intelligent Transportation System Market Analysis and Insights:
The Intelligent Transportation System Market size is estimated 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 Dynamics
Key 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.
Intelligent Transportation System Market Report Segmentation:
The report has segmented the market into the following categories:
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 (Automotive Telematics, etc.)
By Mode of Transport
-Roadways
-Airways
-Railways
-Maritime
By Deployment
-Cloud
-On-Premise
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Market Divided by Region/Country:
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
Who are the top Companies in the Intelligent Transportation System Market?
Denso Corporation, Iteris, Lanner Electronics, Agero, EFKON, Cisco, Flir System, Siemens, TransCore, Citilog and Others
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