Intelligent Transportation System Its Market Scope And Analysis

Report Code : TIPTE100000134
Category : Technology, Media and Telecommunications

Status : Published
No. of Pages : 220

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Intelligent Transportation System Market Analysis by 2031

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Intelligent Transportation System Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 35,938.98 Million
Market Size by 2031	US$ 66,355.13 Million
Global CAGR (2023 - 2031)	8.0%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Type Hardware Software Services By Hardware Interface Boards Sensor Surveillance Camera Telecommunication Network Monitoring and Detection System By System Advanced Traffic Management System Advanced Traveler Information System ITS-enabled Transportation Pricing System Advanced Public Transportation System Commercial Vehicle Operation By Application Fleet Management and Asset Monitoring Intelligent Traffic Control Smart Ticketing Variable Traffic Message Sign Collision Avoidance
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Hitachi Siemens DENSO Cisco Systems Inc INDRA SISTEMAS SA EFKON GmbH Cubic Transportation Systems Inc Kapsch TrafficCom AG TomTom International BV Teledyne FLIR LLC

Intelligent Transportation System Market News and Recent Developments

The intelligent transportation system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the intelligent transportation system market are listed below:

TomTom (TOM2), the location technology specialist, announced that it is deepening and extending its collaboration with Microsoft. TomTom’s maps and traffic data will power location-based services across Microsoft’s solutions, reaching hundreds of millions of people and organizations daily. The companies will work closely together on bringing innovations to market, including AI-infused products. In addition, TomTom is reaffirming Microsoft Azure as its preferred cloud provider. (Source: TomTom, Press Release, July 2024)

Kapsch TrafficCom's Automatic Number Plate Recognition (ANPR) software has received a big update lately. Depending on the application, the update can attain top performance in automatic number plate recognition. With the new ANPR software, artificial intelligence software was trained to detect number plates accurately and reliably using hundreds of thousands of photos in a GDPR-compliant manner. This will aid in the identification of vehicles without generating traffic congestion. (Source: Kapsch TrafficCom, Press Release, April 2023)

Intelligent Transportation System Market Report Coverage and Deliverables

The "Intelligent Transportation System Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

Intelligent transportation system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Intelligent transportation system market trends, as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST and SWOT analysis
Intelligent transportation system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the intelligent transportation system market
Detailed company profiles