The intelligent transportation systems market for roads is expected to grow from $17.9 billion in 2020 to $36.2 billion in 2025 at a CAGR of 15%. The market growth can be attributed to a number of factors such as increased public safety concerns, increased traffic congestion issues, rising governmental lucrative initiatives for effective traffic management, increased adoption of eco-friendly car technology, and smart city development around the world.
A full report of Intelligent Transportation System Market is available at: https://www.orionmarketreports.com/intelligent-transportation-system-market/3137/
Market Segmentation
By Offering
• Hardware
• Software
• Services
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
• Collision Avoidance
• Parking Management
• Passenger Information Management
• Ticketing Management
• Emergency Vehicle Notification
• Automotive Telematics
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Intelligent Transportation System Market Report
• What was the Intelligent Transportation System Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Intelligent Transportation System Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Intelligent Transportation System Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
