ITS Is Gaining Demand Globally With Increasing Traffic Worldwide

ITS Market

Definition

An intelligent transportation system shortly known as ITS is an advanced application which aims to provide innovative services relating to different modes of transport and traffic management and enable users to be better informed and make safer, more coordinated, and ‘smarter’ use of transport networks.

Drivers & Restraints

The growing number of vehicles on road, aging infrastructure, and lack of traffic data management are other factors anticipated to drive the overall growth. The need to enhance traffic flow across highways and corridors in cities has led to the rising need for an alternative technology to manage traffic. Transportation authorities can address the growing traffic issue by using innovative and advanced data analytics technologies, which has been boosting the demand rapidly.

Sample Link Here: https://www.asamarketresearch.com/request-sample/998398

Segments-

Product-

ATIS

ATMS

ATPS

APTS

Cooperative Vehicle Systems

Application-

Traffic Management

Road Safety and Security

Freight Management

Public Transport

Environment Protection

Automotive Telematics

Parking Management

Road User Charging

Regional Analysis

The market has been segment into North America, South America, Europe, Asia-Pacific, and Middle East and Africa. Continuous technological developments and expansion of the transportation network in the Asia Pacific are expected to drive the growth of the intelligent transportation system market in the region.

Purchase Link Here: https://www.asamarketresearch.com/checkout/998398

Companies-

Iteris, Inc.

ADCCO LLC

Garmin International, Inc.

Agero, Inc.

Nuance Communications, Inc.

DENSO Corporation

Lanner Electronics, Inc.

EFKON AG

Kapsch TrafficCom AG

Hitachi Ltd.