Intelligent Transportation System Market Size [2022-2028] to extend USD 42.80 billion | with remarkable 9.34% CAGR

The intelligent transportation system market is projected to grow from USD 22.91 billion in 2021 to USD 42.80 billion in 2028 at a CAGR of 9.34%.

Pune, India, Feb. 22, 2022 (GLOBE NEWSWIRE) -- According to Fortune Business Insights, the Intelligent Transportation System market size to grow from USD 22.91 billion in 2021 to USD 42.80 billion in 2028 at a CAGR of 9.34% by 2021-2028.

Fortune Business Insights™ provides specialized market reports on the automotive and transportation through intensive research on the trends and drivers shaping the industry share, size, growth, and revenue as well as shares future projections of the values of market associated with this industry. The automotive and transportation industry is experiencing a period of sustained growth as a result of rising disposable incomes, especially in the developing countries

Request a Sample Copy of the Research Report:

Intelligent Transportation System Market Growth Reasons:

  • Increasing Digitization to Set a Positive Trend for Market Growth
  • Rising Focus of Governments for Imposition of Strict Regulatory Standards on Automotive Industry to Drive Market Growth
  • Increasing Penetration of Internet of Things (IoT)-based Technology to Fuel Market Growth
  • Increased Use Of Emerging New Game-Changing Technologies to Set a Positive Trend For Market Growth

Market Report Scope:

Report CoverageDetails
Forecast Period2021-2028
Forecast Period 2021 to 2028 CAGR9.34%
2028 Value ProjectionUSD 42.80 billion
Base Year2020
Market Size in 2020USD 21.82 billion
Historical Data for2017-2019
No. of Pages150
Segments coveredType and Region

Click here to get the short-term and long-term impacts of COVID-19 on this Market. Please visit:

In March 2020, Roads and Transport Authority (RTA) of Dubai declared its fulfillment of a task that predicts occasional traffic of its transportation administrations in marine utilizing enormous information. The undertakings include each data for the oceanic transportation administrations, for example, complete number of travelers, absolute income and inhabitance rates came to, which is expected to help reads up on improvement scope for administrations and notwithstanding this further developing organization proficiency.

As indicated by the Director Mohamed Abu Bakr Al Hashemi, Maritime Transport Department, "Utilizing huge information to mechanize the oceanic vehicle tickets has empowered us to be adaptable in our planning of carrying out the occasional organization drive to control our marine vehicle framework." Increasing reception of innovation, to manage traffic will reinforce the development of the market during the gauge time frame.

Among the regions, the Intelligent Transportation System Market in Asia-Pacific is expected to remain at the forefront during the forecast period. This is attributable to factors such as increasing need for efficient management of the growing traffic in the region.

Quick Buy - Research Report:

Companies operating in the Market are striving hard to gain maximum intelligent transportation system market revenue. They are achieving this by deploying strategies such as product innovation and launch, mergers and acquisitions, and others.

The Report Lists the Key Companies in the Global Market

  • Advantech Co., Ltd.
  • Bestmile SA
  • Clever Devices Ltd.
  • Denso Corporation
  • ETA Transit Systems
  • GMV Group
  • Hitachi Ltd.
  • Kapsch Trafficcom
  • Lanner Electronics
  • Moxa Inc.
  • Nuance Communications
  • PTV Group
  • Q-Free ASA
  • Rhythm Engineering
  • Telegroup
  • Thales Group
  • TomTom N.V.
  • Transmax Pty. Ltd.
  • Trapeze Group
  • WS Atkins PLC
  • Xerox Corporation

Have Any Query? Ask Our Experts:

Global Intelligent Transportation System Market Segmentation:

By Type:

  • Advanced Traffic Management System
  • Advanced Traveler Information System
  • Advanced Public Transportation System
  • Advanced Transportation Pricing System
  • Others

By Geography

  • North America (USA, Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245


Linkedin | Twitter | BLogs