INTELLIGENT TRANSPORTATION SYSTEMS MARKET ANALYSIS

Intelligent Transportation Systems Market, By Functionality Type (Advanced Traffic Management System (ATMS), Advanced Traveler Information System (ATIS), Advanced Transportation Pricing System (ATPS), Advanced Public Transportation System (APTS), and Others), By Application (Traffic Management, Road Safety, Freight Management, Parking Management, and Toll Management), By Component (Telecommunication Networks, Sensors, Interface Boards, Monitoring and Detection System, and Surveillance Camera), By Service (Business and Cloud Service, Support and Maintenance Service), By Offering (Hardware, Software, and Service), By Deployment (On-Premise, Cloud), By Software (Visualization Software, Video Detection Management Software, Transit Management Software, Others), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Published In : Jun 2023
Code : CMI4174
Pages :135
Formats :
Excel and PDF
Industry : Automotive and Transportation

Leading Companies

Global Intelligent Transportation Systems Market: Key Developments

In July 2022, Transurban gave a contract to Indra for its ground-braking technology for verifying high-occupancy vehicles (HOV). This systems will be implemented on the I-95, I-495, and I-395 express lanes in in Northern Virginia.

In January 2020, Denso Corporation entered into collaboration with Qualcomm Technologies for development of the next generation cockpit system. This system is expected to enhance user-friendliness in the use of in-vehicle infotainment products.

In February 2020, Lanner Electronics, Inc. and Creanord announced partnership through which the service and carrier providers will be assisted with a various segmented, distributed, and advanced solutions in Metro. Moreover, it will also offer access networks for performance assurance.

In September 2021, Siemens entered into partnership with the National Authority for Tunnels (NAT) for creating the world’s first electrified, high-speed main and freight train rail line transportation with the use of ITS.

Global Intelligent Transportation Systems Market: Key Companies Insights

The global intelligent transportation systems market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis.

Some of the key players in the global intelligent transportation systems market are Siemens AG, Ricardo, Thales SA, Indra Sistemas, S.A., Kapsch TrafficCom AG, Teledyne FLIR LLC, and Garmin Ltd.