The revenue mix of most of the global companies of Intelligent Transportation System Market may change in coming time. One of the important factors would be the shift in topline of the clientele that will push them hard to adopt innovation and spend more on R&D to meet ever dynamic evolving requirements. Some of the players who are preparing for their clients future revenue shift will ride the tide, while others might find it challenging to sustain. To cite an in-depth market outlook AMA released its new publication on Intelligent Transportation System Market with coverage over 100+ industry players, some of the profiled players are Thales Group (France), Siemens AG (Germany), Garmin Ltd. (Switzerland), Kapsch TrafficCom (Austria), TomTom International B.V. (Netherlands), Cubic Corporation (United States), Q-Free ASA (Norway), EFKON GmbH (Austria), FLIR Systems, Inc. (United States) and Denso Corporation (Japan)..
According to the report, Increasing Sales of Vehicles is leading to Congestion in Traffic
is one of the primary growth factors for the market. Government Initiatives towards the Implementation of Latest Technology in Transport
is also expected to contribute significantly to the Intelligent Transportation System market. Overall, Traffic management
applications of Intelligent Transportation System, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Vehicle type, such as Emergency vehicle, is boosting the Intelligent Transportation System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The System, such as Advanced Traveler Information System, is boosting the Intelligent Transportation System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Offerings, such as Hardware, is boosting the Intelligent Transportation System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Intelligent Transportation System market identified that the demand is rising in many different parts of the world as "Growing freight and logistics industry is boosting the market. Although the passenger transport has been hit adversely by lockdown, the demand of truck drivers for transportation of essential goods is increasing. It has been noted that there has been increase of 40% to 60%` products which are being moved in grocery stores and warehouses in United States during lockdown. This in turn is benefiting the Intelligent transportation system market.". Furthermore, some recent industry insights like "In March 2019, Siemens has launched digital lab for intelligent traffic systems. It will monitor, collect analyse the data to develop important technologies" is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Intelligent Transportation System market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Intelligent Transportation System market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Intelligent Transportation System market tight? Which application/end-user category or Product Type [] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Intelligent Transportation System market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Intelligent Transportation System market size is calculated using market estimation process, the Intelligent Transportation System market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Intelligent Transportation System market size has been validated using both top-down and bottom-up approaches.