Check out more related studies published by Grand View Research: Vehicle Tracking System Market - The global vehicle tracking system market size is anticipated to be worth USD 60.88 billion by 2030, according to a new report by Grand View Research, Inc. In 2018, nearly 36,600 people died in traffic accidents in the United States, and around 1.35 million people died in road crashes around the world. A single fare payment system will make it easy for Omaha Metro Transit riders to plan and pay for their trips with Umo Pass. They are achieving this by deploying strategies such as product innovation and launch, mergers and acquisitions, and others. & Transportation, Bulk The development of the car built upon the transport sector first started by railways. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The report will help the Intelligent Transportation System (ITS) companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, product type, application, and regions. In June 2021, Plenary Infrastructure Group from Australia gave Kapsch TrafficCom a project to install a new toll collection system on the Louisiana Highway (LA-1) for the Louisiana Department of Transportation and Development (LADOTD). Straits Research. | Source: Our The system keeps an eye on expressways and roads all the time and gives the central traffic control room useful feedback and information. On the other hand, it is expected that the growth of the ITS industry in the Asia-Pacific region will be helped by changes in technology and the ongoing expansion of transportation networks. & Defense, Automotive Key Industry Insights & Findings from the report: The Advanced Public Transportation System (APTS) segment is expected to witness considerable growth at 10.2% CAGR over the forecast period. The growing need to present real-time traffic information, equipped with artificial intelligence and virtual reality, to enhance the safety of drivers and passengers is boosting the growth of the intelligent transportation system (ITS) industry. Advancement in communication technology in the U.S. expected to boost the revolution in the transportation industry. In addition, the rising necessity for obtaining real-time information for improving the traffic management system by sharing required data with drivers and passengers also aid the growth of the ITS market. Shell inherit $80 million. Intelligent Transportation System Market Overview: The Global Information Transport Systems market revenue is projected to grow at a CAGR of 9.31% during the forecast period 2022-2030 and reach USD 49 billion by 2030. ITS is any way of getting around that uses smart communication systems. Read full article. Intelligent Transportation System Market Segmentation, Grand View Research has segmented the global intelligent transportation system market based on type, application, and region, Intelligent Transportation System (ITS) Market - Type Outlook (Revenue, USD Million, 2018 - 2030), Advanced Traveler Information System (ATIS), Advanced Traffic Management System (ATMS), Advanced Transportation Pricing System (ATPS), Advanced Public Transportation System (APTS), Intelligent Transportation System (ITS) Market - Application Outlook (Revenue, USD Million, 2018 - 2030), Intelligent Transportation System (ITS) Market - Regional Outlook (Revenue, USD Million, 2018 - 2030), List of Key Players in the Intelligent Transportation System Market. The government also has high hopes that next-generation intelligent transportation systems market powered by artificial intelligence will give drivers the confidence they need to plan their trips without worrying about getting stuck in traffic. Technologies such as advanced driver assistance, adaptive cruise control, parking management, advanced vehicle tracking system, and many others are facilitating drivers, freight operators, transit passengers, and transport authorities for communication between two vehicles. Detailed Table of Content of Global Intelligent Transportation System (ITS) Market Research Report 2023, 1 Intelligent Transportation System (ITS) Market Overview 1.1 Product Overview and Scope of Intelligent Transportation System (ITS) 1.2 Intelligent Transportation System (ITS) Segment by Type 1.3 Intelligent Transportation System (ITS) Segment by Application 1.4 Global Intelligent Transportation System (ITS) Market Size Estimates and Forecasts, 2 Intelligent Transportation System (ITS) Market Competition by Manufacturers 2.1 Global Intelligent Transportation System (ITS) Market Share by Manufacturers (2017-2023) 2.2 Global Intelligent Transportation System (ITS) Revenue Market Share by Manufacturers (2017-2023) 2.3 Global Intelligent Transportation System (ITS) Average Price by Manufacturers (2017-2023) 2.4 Manufacturers Intelligent Transportation System (ITS) Manufacturing Sites, Area Served, Product Type 2.5 Intelligent Transportation System (ITS) Market Competitive Situation and Trends 2.6 Manufacturers Mergers and Acquisitions, Expansion Plans, 3 Intelligent Transportation System (ITS) Retrospective Market Scenario by Region 3.1 Global Intelligent Transportation System (ITS) Retrospective Market Scenario in Sales by Region: 2017-2023 3.2 Global Intelligent Transportation System (ITS) Retrospective Market Scenario in Revenue by Region: 2017-2023 3.3 North America Intelligent Transportation System (ITS) Market Facts and Figures by Country 3.4 Europe Intelligent Transportation System (ITS) Market Facts and Figures by Country 3.5 Asia Pacific Intelligent Transportation System (ITS) Market Facts and Figures by Region, 4 Global Intelligent Transportation System (ITS) Historic Market Analysis by Type 4.1 Global Intelligent Transportation System (ITS) Market Share by Type (2017-2023) 4.2 Global Intelligent Transportation System (ITS) Revenue Market Share by Type (2017-2023) 4.3 Global Intelligent Transportation System (ITS) Price by Type (2017-2023), 5 Global Intelligent Transportation System (ITS) Historic Market Analysis by Application 5.1 Global Intelligent Transportation System (ITS) Market Share by Application (2017-2023) 5.2 Global Intelligent Transportation System (ITS) Revenue Market Share by Application (2017-2023) 5.3 Global Intelligent Transportation System (ITS) Price by Application (2017-2023), 7 Intelligent Transportation System (ITS) Manufacturing Cost Analysis 7.1 Intelligent Transportation System (ITS) Key Raw Materials Analysis 7.2 Proportion of Manufacturing Cost Structure 7.3 Manufacturing Process Analysis of Intelligent Transportation System (ITS) 7.4 Intelligent Transportation System (ITS) Industrial Chain Analysis, 8 Marketing Channel, Distributors and Customers 8.1 Marketing Channel 8.2 Intelligent Transportation System (ITS) Distributors List 8.3 Intelligent Transportation System (ITS) Customers, 9 Intelligent Transportation System (ITS) Market Dynamics 9.1 Intelligent Transportation System (ITS) Industry Trends 9.2 Intelligent Transportation System (ITS) Market Drivers 9.3 Intelligent Transportation System (ITS) Market Challenges 9.4 Intelligent Transportation System (ITS) Market Restraints, 10 Global Market Forecast 10.1 Intelligent Transportation System (ITS) Market Estimates and Projections by Type 10.2 Intelligent Transportation System (ITS) Market Estimates and Projections by Application 10.3 Intelligent Transportation System (ITS) Market Estimates and Projections by Region, 12 Methodology and Data Source 12.1 Methodology/Research Approach 12.2 Data Source 12.3 Author List 12.4 Disclaimer, Purchase this report (Price 3450 USD for a single-user license) -https://www.researchreportsworld.com/purchase/20955661. & Smart Technologies, Conferences & This has slowed down the rate of automobile production. The global impact of COVID-19 has been unprecedented and staggering, with the market witnessing a negative impact on demand across . Pune, India, Feb. 22, 2022 (GLOBE NEWSWIRE) -- According to Fortune Business Insights, the Intelligent Transportation System market size to grow from USD 22.91 billion in 2021 to USD 42.80 billion in 2028 at a CAGR of 9.34% by 2021-2028. Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/intelligent-transportation-system-market-102065. Analysts' Viewpoint on Intelligent Transportation System Market Scenario. This is expected to support the market growth during the forecast period. Intelligent Transportation System Market size is expected to reach US$ 90.50 Bn by 2029, growing at a CAGR of 10% during the forecast period. The APTS system's various benefits such as improving road congestion & community mobility offer an equitable transportation system and improve the fuel efficiency of the vehicles, creating robust market opportunities. The global intelligent transportation system market was valued at US$ 24.32 Bn in 2021. Germany intelligent transportation system market will register a CAGR of around 8% through 2027 from railways application with growing focus of companies on implementing smart transportation systems. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come. The government thinks that the next generation of intelligent transportation systems will be powered by AI and will let drivers plan trips without having to worry about traffic. This is mainly attributed to the significant investment done by the government in the region on research and development. The MarketWatch News Department was not involved in the creation of this content. The Research Report includes specific segments by region (country), by company, by Type and by Application. Get a Free Sample Copy of This Report @https://straitsresearch.com/report/intelligent-transportation-systems-market/request-sample. This cuts down on traffic, wait times, and pollution. Precedence Research is a Canada/India based company and one of the leading providers of strategic market insights. Presentation, Research The sudden outbreak of COVID-19 has badly impacted several industries including automobile and transportation business too. All rights Reserved By Straits Research. Quando utilizzi i nostri siti e le nostre app, noi utilizziamo i. autenticare gli utenti, applicare misure di sicurezza e prevenire spam e abusi; misurare l'utilizzo dei nostri siti e delle nostre app. Your personal details will remain secure and confidential. You can also contact MarketWatch Customer Service via our Customer Center. Further, by the preventive measures adopted by the government of various nations for controlling the spread of the deadly virus public transportation sector have suffered a lot. Preface 1.1. This Report lets you identify the opportunities in Intelligent Transportation System (ITS) Market by means of a region: COVID-19 and Russia-Ukraine War Influence Analysis. . Get a Sample PDF of the report at -https://www.researchreportsworld.com/enquiry/request-sample/20955661. In addition, these companies invest significantly in their product enhancement and regional expansion to gain a competitive edge on the global level. Smart Transportation Market - The global smart transportation market size is estimated to reach USD 285.12 billion by 2030, growing at a CAGR of 12.6% from 2022 to 2030, according to a new study by Grand View Research, Inc. Intelligent Transportation System Market is consolidated because of the presence of some major market players such as Hitachi Ltd., Siemens AG, Kapsch TrafficCom, and Lanner Electronics among others. ITS has information for the Internet of Things about both wireless and wired connections. More? The global intelligent transportation system market size is expected to reach USD 52.24 billion by 2030 and is expected to expand at a CAGR of 8.3% from 2023 to 2030, according to a new Grand View Research, Inc. Research Nester has released a report titled "Variable Message Signs for Intelligent Transportation System Market: Global Demand Analysis & Opportunity Outlook 2028" which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and [] Which region is estimated to exhibit the fastest CAGR in the intelligent transportation system market? This drives us to provide you with custom or syndicated research reports. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. Increasing government initiatives and the development of smart cities also facilitate the growth of public transportation. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. Other things that are likely to help the market grow are the growing number of cars on public roads, the deterioration of the infrastructure that is already there, and a coming problem with how traffic data is managed. In 2020, the UK government gave $1.9 million to test new technology and new ways to improve driving conditions, reduce traffic congestion, and shorten the length of time spent in traffic jams. The global smart infrastructure market size was USD 77.66 billion in 2020. Intelligent Airways Transportation Market 2020 Share Growing Rapidly With Current Trends and Forecast 2027 Market Research Future (MRFR) has published a It was said that about 1.35 million people died on the roads around the world. The intelligent transport systems market was valued at USD 22.88 billion in 2020, and is expected to reach a value of USD 30.65 billion by 2026, at a CAGR of 5.11% over the forecast period (2021 - 2026). Global Market Insights Furthermore, the implementation of modern traffic management systems that focus on utilizing real-time data and simultaneously address the impact criteria is creating a positive market outlook. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Which region has the largest share in Global Intelligent Transportation System (ITS) Market? By fixing three major transportation problems, ITS changes the way Traffic Management Centers (TMC) run and manage road networks. They have also talked about the growth opportunities that the segment may pose in the future. The readers in the section will understand how the Intelligent Transportation System (ITS) market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The increase in traffic on the roads is bad for the environment because of the pollution that comes from cars and trucks. Telematics tracking systems include activating and accessing of remote vehicles using radio frequency identification. The continuous advancements in technologies of transportation networks have accelerated the demand for highly efficient transportation systems. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue, and gross margins. We offer executive-level blueprints of markets and solutions beyond flagship surveys. Stakeholders 2. The global intelligent transportation systems market size was valued at USD 23.8 billion in 2021 and is projected to reach USD 38.70 billion by 2030, registering a CAGR of 5.75% from 2022 to 2030. Factors such as technological iterations and growing digitization within the automotive industry, paired with the continuous growth of the logistics and automobile industry worldwide, are encouraging the growth of the market. Sherry JamesCorporate Sales Specialist, USAGrand View Research, Inc.Phone: +1-415-349-0058dToll Free: 1-888-202-9519Email: sales@grandviewresearch.com Web: https://www.grandviewresearch.com Grand View Compass| Astra ESG Solutions Follow Us: LinkedIn | Twitter, Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg, View original content:https://www.prnewswire.com/news-releases/intelligent-transportation-system-market-worth-52-24-billion-by-2030-grand-view-research-inc-301731263.html, Intelligent Transportation System Market Size, Share & Trends Analysis Report By Type, By Application (Traffic Management, Road Safety & Security), By Region, And Segment Forecasts, 2023 - 2030, https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg, https://www.prnewswire.com/news-releases/intelligent-transportation-system-market-worth-52-24-billion-by-2030-grand-view-research-inc-301731263.html, UPDATE 1-ECB likely to keep boosting interest rates -ECB's Wunsch. This report segments the global Intelligent Transportation System (ITS) market comprehensively. Intelligent Comprehensive Transportation System Market Size And Forecast | Thales, Siemens, Garmin, Kapsch Trafficcom, Tomtom International, Public Transportation Market - The global public transportation market size is expected to reach USD 309.1 billion by 2028, according to a new report by Grand View Research, Inc. I feel like a sucker: I bought stock for $18 after an IPO. The ITS JPO Strategic Plan 2020 - 2025 will boost the implementation of several modern ICT technologies such as electronic toll collection and traveler information systems. It includes information that comes from both wireless and wired connections. Nutrition & Animal Feed, HVAC Intelligent Transportation System (ITS) Market Shareby Company Type Report is designed to incorporate both qualify qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Several companies operating in the region are focusing on implementing intelligent transportation systems to enhance Germanys railway network. Automotive & Transportation The market is driven by the economic growth in Asia Pacific and the Middle East and Africa and the increasing number of megacities in the region. It is expected to grow at a CAGR of 13.9% from 2022 to 2030. These companies are benefited by their diverse product offering and technological advancement in the intelligent transportation systems industry that help them to capture large customer base. Related transport engineering sciences show spectacular progress in automation reviving a discussing of unmanned ships using Artificial Intelligence technologies particularly for combatants. Want to learn about competitors and their Strategy . Se non vuoi che noi e i nostri partner utilizziamo i cookie e i dati personali per questi scopi aggiuntivi, clicca su "Rifiuta tutto". ITS is a part of the Internet of Things. The global smart transportation market size was valued at USD 92.48 billion in 2020 and is projected to grow from USD 98.74 billion in 2021 to USD 206.80 billion in 2028 at a CAGR of 11.1% in the 2021-2028 period. I get $1,500 a month in rental income and have $200,000 in savings. The readers will also get their hands on the revenue and sales data of each region and country for the period 2017-2029. According to Fortune Business Insights, the global Intelligent Transportation System market size is projected to grow from USD 21.82 billion in 2020 to USD 42.80 billion in 2028, at CAGR of 9.34% . Ltd. provides actionable market research data, especially designed and presented for decision making and ROI. An alternative traffic management system is needed to control the flow of traffic through city corridors and on highways. This research report titled "Global 3D Printers Market" Insights, Forecast to 2025 has been added to the wide online database managed by Market Research Hub (MRH). Advanced and innovative data analytics technologies help transportation authorities to monitoring the rising traffic issue. It will use its position as the market leader to offer innovative, smart, and all-around mobility solutions. For instance, in December 2020, Lanner unveiled its Edge AI computing and connectivity services for multiple mobile applications. Intelligent Transportation System Market Growth Reasons: Click here to get the short-term and long-term impacts of COVID-19 on this Market. Mobile data terminals are on-board devices that offer a variety of functions and facilitate communication in both directions between a control centre and a moving vehicle. Deutsche Bahn AG plans to digitalize its railway network and interlockings by 2035 to modernize the countrys railway lines. Large investments will be needed to put this management centre in the same place as transportation managers, system operators, dispatchers, and response agencies. 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intelligent transportation market size