Global Intelligent Transportation System Market Analysis and Forecast Industry Trends, Market Segments, Landscape, Key Players Analysis- 2022
Market Highlights
Global Intelligent Transportation System Market is expected to reach USD 42.6 billion in the year 2022. Rising need for public Safety & Effective Traffic Management are some of the key factor which is supporting the Market of Intelligent Transportation System. Intelligent Transport Systems( ITS) include Traffic and Congestion Monitoring and Management Systems, with an Integration of Traffic Control Centers. Access Control and Route Guidance Systems offer a range of benefits for a city. Goods delivery companies often introduce ITS because they can optimize trips with the combination of global positioning system( GPS) technologies and existing logistics programs. Such traffic management and control systems have significant efficiency benefits for both public and private transport. Therefore they make an effective contribution to the sustainable city goals. These are the factors driving the market with authentic need of public safety. It is expected that the market will grow at CAGR of 12.2 % during the forecast period and expected to reach market size of US 42.6 billion by the end of forecast period.
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� Roper Technologies, Inc.( U. S.), � Hitachi Ltd.( Japan), � Siemens AG( Germany), � Thales Group( France), � Xerox Corporation( U. S.), � BRISA( Portugal), � Kapsch Trafficcom( Austria), � Q Free( Norway), � EFKON AG( Austria),
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