Intelligent Transport System Market

“Global Intelligent Transport System Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global intelligent transport system market. An inclusive examination of the market is presented on the basis of application (Traffic Monitoring, Traffic Signal Control Systems, Fleet Management and Asset Monitoring, Accident Avoidance Systems, Parking Convenience Systems and Traffic Enforcement Cameras); by system(Advanced Traveler Information System, Advanced Traffic Management System, Advanced Public Transportation System (APTS), Commercial Vehicle Operation); and geography (North America, Europe, Asia-Pacific, Latin America and Middle East and Africa). The report also analyses the competitive structure of the intelligent transport system industry and provides the profiles of major players operating in the market. Some of these include Denso Corporation, Transcore Inc, EFKON, Kapsch TrafficCom AG, Q-Free ASA and Thales Group. 

Intelligent transport system (ITS) refers to various control and information systems that use integrated data processing and communication technologies to improve the safety and mobility of goods and people, and effectively manage incidents during traffic. It also helps to reduce traffic congestion and minimize the effects of human and environmental factors to avoid accidents. These systems use video surveillance gadgets, vehicle probes, sensors, and navigation systems to gather and analyze real-time data.

The global ITS market is majorly being driven by the increasing production of connected cars and automated vehicles, which is facilitating the improvement of transportation infrastructure. In addition to this, rapid advancements, such as the integration of artificial intelligence (AI) and virtual reality (VR), in transport applications through planning and implementation is contributing to the market growth. 

Beginning with a global overview, the report explores the dynamics that have a strong influence on the intelligent transport system market and can also impact its future growth. Taking 2021 as the base year, the report covers historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints and recent developments have also been analyzed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the intelligent transport system market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the intelligent transport system market in detail for latest trends, outlooks and opportunities. 

Segmentation by Application:                             

• Traffic Monitoring
• Traffic Signal Control Systems
• Fleet Management and Asset Monitoring
• Accident Avoidance Systems
• Parking Convenience Systems
• Traffic Enforcement Cameras

Segmentation by System:

• Advanced Traveler Information System
• Advanced Traffic Management System
• Advanced Public Transportation System (APTS)
• Commercial Vehicle Operation

Segmentation by Region:

• North America
• Europe
• Asia-pacific
• Latin America
• Middle East and Africa

Competitive Landscape:

• Denso Corporation
• Transcore Inc
• EFKON
• Kapsch TrafficCom AG
• Q-Free ASA
• Thales Group

The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the intelligent transport system industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the intelligent transport system industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the intelligent transport system industry. Furthermore, the value chain analysis of the intelligent transport system industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing and sales of the products, and their distribution.

Highlights of the Global Intelligent Transport System Market

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the intelligent transport system industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.