Intelligent Transport System Market Size, Share And Global Forecast Report 2023-2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Intelligent Transport System Market Size, Growth Rate, And Forecast:
The global intelligent transport system market size is expected to grow from $29.58 billion in 2022 to $33.18 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global intelligent transport system market size is expected to reach $50.23 billion in 2027 at a CAGR of 10.9%.

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Intelligent Transport System Market Drivers:
The growing number of vehicles on the road is expected to propel the growth of the intelligent transport systems market going forward. Due to population growth, urbanization, economic development, and increased access to personal transportation the numbers of vehicles in roads are increasing which may results in traffic problems. The application of intelligent transportation systems will help to increase traffic efficiency and reducing traffic issues by reducing traffic congestion. Hence, the growing number of vehicles on road will create the demand for intelligent transport systems market.

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Intelligent Transport System Market Segments
•By Component: Hardware, Software, Services
•By System: Advanced Traffic Management Systems (ATMS), Advanced Traveler Information Systems (ATIS), Advanced Transportation Pricing Systems (ATPS), Advanced Public Transportation Systems (APTS), Emergency Medical Systems (EMS)
•By Mode of Transport: Roadways, Railways, Airways
•By Application: Intelligent Traffic Control, Collision Avoidance, Parking Management, Ticketing Management, Automotive Telematics, Fleet Management And Asset Monitoring, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the intelligent transport system market.

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Intelligent Transport System Market Key Players:
Major competitors in the intelligent transport system market include Thales, Siemens, Garmin Ltd., Kapsch TrafficCom AG, Tomtom International BV, Denso Corporation, Efkon GmbH, Ricardo, Lanner, Q-Free ASA, TransCore, Atkins Group, Iteris Inc., Savari Inc., and Teledyne FLIR LLC.

The Business Research Company's "Global Intelligent Transport System Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Intelligent Transport System Market Include:
1. Executive Summary
2. Intelligent Transport System Market Characteristics
3. Intelligent Transport System Market Trends And Strategies
4. Intelligent Transport System Market - Macro Economic Scenario
5. Intelligent Transport System Market Size And Growth
....
26. Africa Intelligent Transport System Market
27. Intelligent Transport System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Intelligent Transport System Market
29. Intelligent Transport System Market Future Outlook and Potential Analysis
30. Appendix

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