{"product_id":"intelligent-transport-systems-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Intelligent Transport Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003eIntelligent Transport Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003cbr\u003e\nMarket Overview:\u003c\/p\u003e\n\n\u003cp\u003eThe global intelligent transport systems market size reached US$ 40.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 69.7 Billion by 2028, exhibiting a growth rate (CAGR) of 9.3% during 2023-2028.\u003c\/p\u003e\n\n\u003cp\u003eThe Intelligent Transport System (ITS) refers to a system that utilizes visual, analytical, control and communication technologies to manage different modes of on-road transportation efficiently. It is not only embedded within a vehicle but also in the infrastructure facilities to enhance on-road safety and achieve traffic efficiency by minimizing traffic problems. It uses various equipment such as ramp meters, electronic toll collectors, traffic light cameras, traffic-signal coordinators, transit signal systems and traveler-information systems.\u003c\/p\u003e\n\n\n\u003cp\u003eThe increasing number of smart cities, along with unprecedented population growth leading to widespread traffic congestion, are the key factors driving the market growth. The ITS significantly aids in the effective management of on-road traffic through Global Positioning System (GPS), Dedicated Short Range Communication (DSRC) and Carrier Access for Land Mobiles (CALM). Additionally, increasing occurrence of deaths due to road accidents have driven the demand for ITS across the globe. Advanced features such as Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communication is creating a positive outlook for the market. These features provide real-time information to travelers about road conditions and construction zones, along with seat availability and timings of public modes of transport, thus enhancing the overall on-road safety and reducing the chances of fatalities while reducing the travel time. Moreover, increasing focus on research and development (R\u0026amp;D) in both the public and private sectors to incorporate more enhanced features is also contributing to the market growth.\u003c\/p\u003e\n\n\u003cp\u003eKey Market Segmentation:\u003cbr\u003e\nIMARC Group provides an analysis of the key trends in each sub-segment of the global intelligent transport systems market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on mode of transport, product, protocol, offering and application.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Mode of Transport:\u003c\/p\u003e\n\n\u003cp\u003eRoadways\u003cbr\u003e\nRailways\u003cbr\u003e\nAirways\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Product:\u003c\/p\u003e\n\n\u003cp\u003eNetwork Management Systems\u003cbr\u003e\nAdvanced Traffic Management Systems (ATMS) \u003cbr\u003e\nRoad User Charging, Congestion Charging, etc.\u003cbr\u003e\nFreight and Commercial Systems\u003cbr\u003e\nPublic Transport Systems\u003cbr\u003e\nSecurity and Crime Reduction Systems\u003cbr\u003e\nAutomotive and Infotainment Systems\u003cbr\u003e\nRoad Safety Systems\u003cbr\u003e\nCommunications Systems\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Protocol:\u003c\/p\u003e\n\n\u003cp\u003eShort Range\u003cbr\u003e\nWave (IEEE 802.11)\u003cbr\u003e\nWpan (IEEE 802.15) \u003cbr\u003e\nLong Range\u003cbr\u003e\nWimax (IEEE 802.11)\u003cbr\u003e\nOfdm\u003cbr\u003e\nIEEE 1512\u003cbr\u003e\nTraffic Management Data Dictionary (TMDD)\u003cbr\u003e\nOthers\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Offering:\u003c\/p\u003e\n\n\u003cp\u003eHardware \u003cbr\u003e\nInterface Board\u003cbr\u003e\nSensor\u003cbr\u003e\nSurveillance Camera\u003cbr\u003e\nTelecommunication Network\u003cbr\u003e\nMonitoring and Detection System\u003cbr\u003e\nOthers\u003cbr\u003e\nSoftware\u003cbr\u003e\nVisualization Software\u003cbr\u003e\nVideo Detection Management Software\u003cbr\u003e\nTransit Management System\u003cbr\u003e\nOthers\u003cbr\u003e\nServices\u003cbr\u003e\nBusiness and Cloud Services\u003cbr\u003e\nSupport and Maintenance Services\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Application:\u003c\/p\u003e\n\n\u003cp\u003eFleet Management and Asset Monitoring\u003cbr\u003e\nIntelligent Traffic Control\u003cbr\u003e\nCollision Avoidance\u003cbr\u003e\nParking Management\u003cbr\u003e\nPassenger Information Management\u003cbr\u003e\nTicketing Management\u003cbr\u003e\nEmergency Vehicle Notification\u003cbr\u003e\nAutomotive Telematics\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Region:\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003cbr\u003e\nAsia Pacific\u003cbr\u003e\nEurope\u003cbr\u003e\nMiddle East and Africa\u003cbr\u003e\nLatin America\u003cbr\u003e\n \u003cbr\u003e\nCompetitive Landscape:\u003cbr\u003e\nThe report has also analysed the competitive landscape of the market with some of the key players being Siemens AG, Thales Group, Garmin Ltd., Cubic Corporation, FLIR Systems, Lanner Electronics, DENSO Corporation, International Business Machines (IBM) Corporation, ADDCO Acquisition, LLC, TomTom N.V., Kapsch TrafficCom AG, Iteris, Inc., Q-Free ASA, Efkon GmbH, GeoToll , Inc., ElectricFeel AG, Doublemap, LLC, BestMile Sarl, Aptiv PLC (nuTonomy), etc.\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report\u003c\/p\u003e\n\n\u003cp\u003e1. What was the size of the global intelligent transport systems market in 2022?\u003cbr\u003e\n2. What is the expected growth rate of the global intelligent transport systems market during 2023-2028?\u003cbr\u003e\n3. What has been the impact of COVID-19 on the global intelligent transport systems market?\u003cbr\u003e\n4. What are the key factors driving the global intelligent transport systems market?\u003cbr\u003e\n5. What is the breakup of the global intelligent transport systems market based on the mode of transport?\u003cbr\u003e\n6. What is the breakup of the global intelligent transport systems market based on the product?\u003cbr\u003e\n7. What is the breakup of the global intelligent transport systems market based on the offering?\u003cbr\u003e\n8. What is the breakup of the global intelligent transport systems market based on the application?\u003cbr\u003e\n9. What are the key regions in the global intelligent transport systems market?\u003cbr\u003e\n10. Who are the key players\/companies in the global intelligent transport systems market?\u003c\/p\u003e","brand":"Heavy Industry","offers":[{"title":"July, 2023 \/ 142 Pages \/ MCW16220687","offer_id":47631608840498,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/intelligent-transport-systems-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}