Intelligent Transportation Systems Market Next Big Thing | Major Giants Thales, Siemens, Kapsch TrafficCom, Garmin

Advance Market Analytics added research publication document on Worldwide Intelligent Transportation Systems Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Intelligent Transportation Systems market. The study provides valuable market size data for historical (Volume** & Value) from 2023 to 2028 which is estimated and forecasted till 2028*. Some are the key & emerging players that are part of coverage and have being profiled are Thales Group (France), Siemens (Germany), Kapsch TrafficCom (Austria), Garmin (United States), TomTom International BV (Netherlands), Cubic Corporation (United States), Q-Free ASA (Norway), EFKON GmbH (Austria), FLIR Systems, Inc.(United States), Indra Sistemas (Spain). Get free access to Sample Report in PDF Version along with Graphs and Figures @ https://www.advancemarketanalytics.com/sample-report/67312-global-intelligent-transportation-systems-market-1#utm_source=OpenPRKavita The development of smart cities globally will help to boost the global Intelligent Transportation Systems market in the forecasted period. Intelligent transportation systems have garnered immense popularity over the past couple of decades, due to considerable advancements in information technology, the onset of cost-effective smart devices, and giant strides taken by sensing technologies. The necessity for presenting real-time traffic information of different regions to passengers and drivers is one of the significant factors driving the demand for intelligent transportation systems across the world. Furthermore, in 2020, the Intelligent Transportation Systems market will be hindered owing to the COVID-19 crisis, which has impacted demand, interrupted production, and disrupted the supply chain. So, numerous key players are going through flat or lower unit sales. Though, with economic stimulus packages declared by many nations such as Japan, the U.S., China, France, Italy, India, U.K., and Germany, is expected to generate great opportunities for transportation infrastructure development. According to AMA, the market for Intelligent Transportation Systems is expected to register a CAGR of 15.3% during the forecast period to 2026. This growth is primarily driven by Growing concerns toward public safety and Increasing traffic congestion.

https://www.openpr.com/news/3044215/intelligent-transportation-systems-market-next-big-thing