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. Actions by the government towards establishing a more reliable infrastructure and running the transport system easily are anticipated to grow the market globally.

The latest report is updated with the impact analysis of the current COVID-19 pandemic on the market. The rapidly changing dynamics of the market and current and future growth potential of the market are covered in the report. The report offers crucial information about the initial and future assessment of the impact of the COVID-19 crisis on the overall market. The Intelligent Transportation System market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.

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 The leading market contenders listed in the report are:

Thales Group, Garmin, Siemens, Tomtom International BV, Flir Systems, Inc., Q-Free, Cisco Systems, Efkon GMBH, Indra Sistemas, S.A., and Denso Corporation.

Key reasons to buy the Global Intelligent Transportation System Market report:

1. The latest report comprehensively studies the global Intelligent Transportation System market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
2. The report offers an insightful analysis of the regional outlook of the market.
3. It offers a detailed account of the end-use applications of the products services offered by this industry.
4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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 Market Segmentations of the Intelligent Transportation System Market

• Mode of Transport Outlook (Revenue, USD Billion; 2017-2027)

  • Roadways
  • Airways
  • Railways

• Systems Outlook (Revenue, USD Billion; 2017-2027)

  • Advanced Traveler Information System
  • Advanced Public Transportation System
  • Advanced Traffic Management System
  • ITS-Enabled Transportation Pricing System
  • Commercial Vehicle Operation

• Application Outlook (Revenue, USD Billion; 2017-2027)

  • Intelligent Traffic Control
  • Parking Management
  • Fleet Management and Asset Monitoring
  • Collision Avoidance
  • Passenger Information Management
  • Emergency Vehicle Notification
  • Ticketing Management
  • Automotive Telematics

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 Regional Outlook of the Intelligent Transportation System Market

The global Intelligent Transportation System market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Intelligent Transportation System market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.

Key reasons to buy the Global Intelligent Transportation System Market report:

1. The latest report comprehensively studies the global Intelligent Transportation System market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
2. The report offers an insightful analysis of the regional outlook of the market.
3. It offers a detailed account of the end-use applications of the products services offered by this industry.
4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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