Focus on Intelligent Transportation System market scenario, dynamics, and trends to be expected in the coming years. Advanced analytical tools such as Porter’s Five Forces analysis, SWOT analysis, feasibility analysis, and investment return analysis. Thorough regional analysis to offer insights into production and consumption patterns, supply and demand ratio, market size, revenue contrition, and the presence of prominent players
Roadways are considered the fastest-growing segment in the intelligent transport system market. The rise in the number of commercial and manufacturing activities will encourage market players to deploy proper asset management and monitoring systems. The global Intelligent Transportation System (ITS) Market is expected to reach USD 48.17 Billion by 2027, according to a new report by Emergen Research. The increasing number of on-road vehicles and inefficient existing transport infrastructure will encourage the need for an intelligent transportation system.
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The research study presents an industry-wide summary of the Intelligent Transportation System market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.
North America dominated the market for the intelligent transportation system. The region has the ability to manage traffic and public transportation. The United States is witnessing massive growth in air traffic. The government is imposing strict laws and registrations, which will create a demand for the market product.
• Regional Outlook (Revenue, USD Billion; 2017-2027)
o North America
1. U.S.
2. Canada
o Europe
1. Germany
2. UK
3. France
4. BENELUX
5. Rest of Europe
o Asia Pacific
1. China
2. Japan
3. South Korea
4. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o MEA
1. Saudi Arabia
2. UAE
3. Rest of MEA
The research study presents an industry-wide summary of the Intelligent Transportation System market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.