Intelligent Transportation System (ITS) Market Revenue Analysis, Share, Historical Growth, Product Demand, Opportunities and COVID-19 Impact Analysis


Dublin, June 19, 2020 (GLOBE NEWSWIRE) — A new comprehensive research Study is added in Data Bridge Market research’s database of 350 pages, titled as “Global Intelligent Transportation System (ITS) Market” study with 100+ market data Tables, Pie Chat, Graphs & Figures. This Intelligent Transportation System (ITS) market report has been prepared to bring about comprehensive analysis of the market structure along with forecast of the different segments and sub-segments of the market. Competitive analysis section in the report covers the strategies used by the major competitors in the market that perks up their penetration in this Intelligent Transportation System (ITS) market. This report gives estimations of Compound Annual Growth Rate (CAGR) in % value for the forecasted period that will assist client to take decision based on futuristic chart. The major features of this report are; comprehensive and distinct analysis of the market drivers and restraints, top market players involved in this industry, thorough analysis of the market segmentation, and competitive analysis of the key players. Companies willing to accomplish an effectual business growth should adopt market research report like this Intelligent Transportation System (ITS) report which seems to be very vital in this rapidly changing marketplace. A thorough market study and investigation of trends in consumer and supply chain dynamics covered in this report helps businesses draw the strategies about sales, marketing, and promotion

Global intelligent transportation system (ITS) market is expected to rise to an estimated value of USD 63.36 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the better management of accidents, emergency services, allocation of limited resources as well as better logistics requirement in aviation and maritime applications.

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(***Our Free Sample Copy of the report gives a brief introduction to the research report outlook, TOC, list of tables and figures, an outlook to key players of the market and comprising key regions.***)

Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Intelligent Transportation System (ITS) Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast, factoring the impact of COVID -19 Situation.

Furthermore, this Intelligent Transportation System (ITS) Market study will help our clients solve the following issues:

Cyclical dynamics – We foresee dynamics of industries by using core analytical and unconventional market research approaches. Our clients use insights provided by us to maneuver themselves through market uncertainties and disruptions

Identifying key cannibalizes – Strong substitute for a product or service is the most prominent threat. Our clients can identify key cannibalizes of a market, by procuring our research. This helps them in aligning their new product development/launch strategies in advance

Spotting emerging trends – Our Ecosystem offering helps the client to spot upcoming hot market trends. We also track possible impact and disruptions which a market would witness by a particular emerging trend. Our proactive analysis helps clients to have an early mover advantage

Interrelated opportunities – This Intelligent Transportation System (ITS) Market report will allow clients to make decisions based on data, thereby increasing the chances that the strategies will perform better if not best in the real world

List of Best Players profiled in Intelligent Transportation System (ITS) Market Report;

Few of the major competitors currently working in the global intelligent transportation system (ITS) market are Thales Group; Siemens; Garmin Ltd.; Cubic Corporation; EFKON; TomTom Telematics BV; FLIR Systems, Inc.; GeoToll; ElectricFeel AG; DENSO CORPORATION; DoubleMap; Bestmile SA; nuTonomy; Iteris, Inc.; Ricardo; TransCore; Lanner Electronics Incorporated; Savari, Inc.; Agero, Inc.; Hitachi Transport System, Ltd.; Sensys Networks, Inc.; Atkins; Conduent, Inc.; Advantech Co., Ltd.; Clever Devices Ltd; ETA Transit; GMV; Moxa Inc.; PTV AG; RHYTHM ENGINEERING; Telegroup; Transmax Pty Ltd.; Trapeze Software ULC; Neology, Inc.; 3M; International Road Dynamics Inc.; KLD Engineering, P.C.; Peek Traffic Corporation; Traffic Tech (Gulf) W.L.L. among others.

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Market Drivers:

  • Rising concerns regarding traffic management requiring better technological applications to manage traffic congestions is expected to drive the growth of the market
  • Initiatives taken by the authorities globally to develop smart city infrastructures is also expected to boost the growth of the market
  • Growing usage of security and surveillance services in all of the transportation environment is also expected to drive the growth of the market
  • Rising concerns regarding the environment and requirement of utilization of eco-friendly automobile services is expected to foster growth in the market

Market Restraints:

  • High financial investments is required to provide the essential infrastructure for the integration of ITS is expected to restrict its adoption rate
  • Lack of growth in the development of required infrastructure for the advancements of ITS in transportation industry
  • Lack of collaboration between the appropriate authorities is also hindering the growth of the market

Key Regions and Countries Studied in this report:

Regions North America South & Central America Europe Asia Pacific Middle East & Africa
Countries United States Argentina United Kingdom China Saudi Arabia
  Canada Chile Germany Japan UAE
  Mexico Brazil France India Turkey
      Italy, Spain, NORDIC {Sweden, Norway, Finland, Denmark etc}, and Russia Australia, Singapore, Japan, South Korea Egypt and South Africa


The titled segments and sub-section of the market are illuminated below:

By Protocol (Short Range, Long Range, IEEE 1512, TMDD), Offering (Hardware, Software, Services), System (ATMS, EMS, ATIS, ITS-Enabled Transportation Pricing System, ATPS, APTS, Cooperative Systems, ANPR, Commercial Vehicle Operation), Application (Roadways, Railways, Aviation, Maritime), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Region Included are: United States, Europe, China, Japan, Southeast Asia, India & Central & South America

Key Market Features in Global (United States, European Union and China) Intelligent Transportation System (ITS) Market:

The report highlights Intelligent Transportation System (ITS) market features, including revenue, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, supply & demand, cost bench-marking, market share, CAGR, and gross margin.

Analytical Market Highlights & Approach

The Global (United States, European Union and China) Intelligent Transportation System (ITS) Market report provides the rigorously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.

How this report will help to boost your business economy globally

This market research report supports to secure economies in the distribution of products and find out the best way of approaching the potential.

This research gives an in-depth knowledge on what the recent developments are, product launches are, while also keeping the track for recent acquisitions, mergers, joint ventures and competitive research in the global market industry.

The report forecasts the size of the market with information on key vendor revenues, development of the industry by upstream and downstream, industry progress, key companies, along with market segment type and market application

The report provides the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer preferences and their buying patterns, market demand and supply scenarios.

To know How COVID-19 Pandemic Will Impact This Market/Industry:

(**NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.)

Analysts have also highlighted the potential restraints present in the global Intelligent Transportation System (ITS) market. With the help of market experts the report points out what changes companies can make to overcome these hurdles over the forecast years.

Strategic Points Covered in TOC:

Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Intelligent Transportation System (ITS) market

Chapter 2: Evaluating the leading manufacturers of the global Intelligent Transportation System (ITS) market which consists of its revenue, sales, and price of the products

Chapter 3: Displaying the competitive nature among key manufacturers, with market share, revenue, and sales

Chapter 4: Presenting global Intelligent Transportation System (ITS) market by regions, market share and with revenue and sales for the projected period

Chapter 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions

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