The Global Intelligent Transportation Systems Market Is Estimated To Account For Us$ 74.3 Bn In Terms Of Value By The End Of 2027.

 

Intelligent Transportation Systems

The rapid growth of emerging and developed countries' populations and megacities has accelerated the deployment of intelligent transportation systems. This system primarily consists of a complete technological overhaul, including dedicated short-range communication (DSRC), carrier access for land mobiles (CALM), and GPS. Microwave detectors, CCTV cameras, advanced traveller information systems (ATISs), and dynamic message signs are all used in the implementation of intelligent transportation systems (DMS). It also includes highway advisory radio (HAR), as well as other factors such as mobile data terminals (MDTs), which are an important component of transit fleet management systems. All of this results in massive investments, which are expected to drive the intelligent transportation systems market growth during the forecast period.

 

Microwave detectors, CCTV cameras, advanced traveller information systems (ATISs), and dynamic message signs are all used in the implementation of intelligent transportation systems (DMS). It also includes highway advisory radio (HAR), as well as other factors such as mobile data terminals (MDTs), which are an important component of transit fleet management systems. All of this results in massive investments, which are expected to drive the Intelligent Transportation Systems Market growth during the forecast period. An in-depth segmentation of the global intelligent transportation systems market, as well as an examination of trend-based insights and factors. Profiles of major market players in the global intelligent transportation systems market, including Transcore Inc. (US), Kapsch Trafficcom AG (Austria), Efkon AG (Austria), Q-Free (Norway), and Thales Group (France).

 

Developing countries such as China are expected to account for a large share of the ITS market in the APEJ region. ITS vendors in China are expanding their business opportunities by establishing strong supply chains and distribution channels. Smart technology, such as smart parking and collision avoidance systems, are two applications that are growing at a rapid pace. The government's role is also important in launching new technologies in the country and implementing intelligent transportation systems, which will drive demand for the intelligent transportation systems market. Intelligent transportation system implementation results in final benefits such as mobility and safety, which are expected to drive market growth in the near future.

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