Worldwide Intelligent Transportation Systems and Services Industry to 2030 - The Market is Growing Steadily With Rising Need to Reduce Traffic Congestion Across the World - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Sep 21, 2022--

The "Intelligent Transportation Systems And Services (ITSS) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030" report has been added to ResearchAndMarkets.com's offering.

The global intelligent transportation systems and services (ITSS) market is likely to cross US$ 127.5 Bn by 2030, growing at a CAGR of 6.0% through the forecast period 2022 to 2030.

Companies Mentioned

• Garmin Ltd
• Cobra Electronics Corporation
• DENSO Corporation
• Xerox Corporation
• SWARCO AG
• Siemens AG
• Hitachi Ltd
• Kapsch TrafficCom
• Q-Free ASA
• TomTom NV

The market for intelligent transportation systems and services is growing steadily with rising need to reduce traffic congestions particularly in metropolitan cities across the world. In addition, intelligent transportation systems offer benefits such reduced fuel consumption, travelling delays and environment protection.

Rising awareness about the benefits of this technology is expected to spur the demand for ITSS particularly in emerging markets. This is expected to motivate players across the value chain of this industry to introduce innovative technologies to maintain their footholds in this potential industry.

Intelligent transportation systems and services (ITSS) are used for several applications which include road traffic management, efficient public transport facilities, freight management, road safety, environment protection, automotive telematics, parking management, electronic toll collection and vehicle safety and security.

Road traffic management is the largest application segment in the overall Intelligent transportation systems and services (ITSS) market and accounted for the largest revenue share in 2021. With rising population, number of vehicle and limited scope for road expansion metropolitan cities across the world are continuously facing congestion problems.

In order to reduce congestion, metropolitan cities are expected to invest significant amount in advance traffic management solutions to reduce congestion problems. Moreover, the public transport segment is expected to be the most attractive segment as public transport authorities are investing significant amount in advanced transportation and related solutions for more efficient services compare to private transportation facilities.

In addition, environment protection and automotive telematics applications are another attractive market segments for intelligent transportation systems and services (ITSS) vendors. Stringent emission control and road safety regulation in developed and developing markets are expected to influence the demand for environment protection, traffic management and road safety solutions in these markets.

Developed markets such as the U.S, UK and Singapore have introduced stringent road charging policies to reduce congestion on major roads during peak times. Some other countries particularly in Asia Pacific and Europe are expected to introduce such traffic control policies to reduce congestion in peak hours which is expected to spur the demand for road charging systems in these countries.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Intelligent Transportation Systems And Services (Itss) market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2030.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Intelligent Transportation Systems And Services (ITSS) market?
• Which is the largest regional market for Intelligent Transportation Systems And Services (ITSS) market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East - Africa?
• Which are the key trends driving Intelligent Transportation Systems And Services (ITSS) market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Intelligent Transportation Systems And Services (ITSS) market worldwide?

Key Topics Covered:

1. Preface

2. Executive Summary

3. Intelligent Transportation Systems And Services (Itss) Market: Business Outlook & Market Dynamics

3.1. Introduction

3.2. Global Intelligent Transportation Systems And Services (Itss) Market Value, 2020 - 2030, (US$ Billion)

3.3. Market Dynamics

3.3.1. Market Drivers

3.3.2. Market Restraints

3.3.3. Key Challenges

3.3.4. Key Opportunities

3.4. Impact Analysis of Drivers and Restraints

3.5. See-Saw Analysis

3.6. Porter's Five Force Model

3.7. PESTEL Analysis

3.8. Heptalysis Analysis

3.9. Critical Investigation of Business Problems Through Five Whys Root Cause Analysis & Relevant Solutions

4. Intelligent Transportation Systems And Services (Itss) Market: By System Type, 2020-2030, USD (Billion)

5. Intelligent Transportation Systems And Services (Itss) Market: By Application, 2020-2030, USD (Billion)

6. Intelligent Transportation Systems And Services (Itss) Market: By Component, 2020-2030, USD (Billion)

7. North America Intelligent Transportation Systems And Services (Itss) Market, 2020-2030, USD (Billion)

8. UK and European Union Intelligent Transportation Systems And Services (Itss) Market, 2020-2030, USD (Billion)

9. Asia Pacific Intelligent Transportation Systems And Services (Itss) Market, 2020-2030, USD (Billion)

10. Latin America Intelligent Transportation Systems And Services (Itss) Market, 2020-2030, USD (Billion)

11. Middle East and Africa Intelligent Transportation Systems And Services (Itss) Market, 2020-2030, USD (Billion)

12. Company Profile

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SOURCE: Research and Markets

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