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

Regional Analysis

Global Intelligent Transportation Systems Market: Regional Insights

North America is anticipated to dominate the global intelligence transportation systems market over the forecast period. The growth of this region is attributed to presence of major market players, technological developments, and early adoption of latest and advanced technologies such as cloud computing, big data, and machine learning in the region. This is for managing the public transportation system and growing traffic in the region.

Furthermore, Asia Pacific is also expected to account for major share in the global intelligent transportation systems market over the forecast period. This is owing to rise in demand for advanced technology, and constant expansion of transportation networks in the region. The demand for intelligent transportation system is increasing in the region with growing economic benefits stemming from implementation of this system in countries such as Japan, India, and China. Thus, the region is likely to show significant growth in the market over the forecast future.

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa