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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