Smart Transport Technique (ITS) Sector to Develop by USD 33.83 Billion throughout 2021-2025|Growing Traffic Congestion and Highway Accidents to Arise as Critical Driver |Technavio
NEW YORK, March 17, 2021 /PRNewswire/ — The smart transportation technique (ITS) marketplace is envisioned to mature by USD 33.83 billion in the course of 2021-2025, increasing at a CAGR of almost 10%. The report also throws gentle on the effects of the COVID-19 pandemic on the marketplace and the new prospects and issues sector players can assume. The affect can be predicted to be significant in the initially quarter but step by step lessen in subsequent quarters – with a constrained influence on the comprehensive-12 months economic advancement.
The report gives a detailed assessment of the impression of the COVID-19 pandemic on the sector in optimistic, possible, and pessimistic forecast eventualities.
Down load Absolutely free Sample Report
Smart Transportation Method (ITS) Market: Increasing targeted traffic congestion and street mishaps to travel advancement.
Expanding urbanization and the at any time-growing use of cars are intensifying traffic congestion. These factors are more commonplace in establishing international locations this kind of as India and China than in made international locations. Increased disposable profits is fueling car gross sales and urbanization in developing nations around the world. Amplified automobile income and the climbing urban population in Asian countries have triggered street traffic congestion. Authorities organizations in acquiring countries apply ITS methods to control targeted visitors congestion. Inappropriate targeted visitors management is yet another main element for the increasing targeted traffic congestion and rising amount of road incidents. With the expanding selection of street mishaps, the demand from customers for good traffic management methods (component of ITS alternatives) is mounting. The abovementioned things push the need for ITS throughout the globe.
Is there any relief throughout this COVID pandemic?
Down load Totally free Sample Report
As for each Technavio, the developing street freight logistics industry will have a constructive impression on the industry and contribute to its growth substantially around the forecast period of time. This analysis report also analyzes other important trends and industry motorists that will affect industry expansion over 2021-2025.
Intelligent Transportation Technique (ITS) Marketplace: Expanding road freight logistics industry.
Highway freight logistics is just one of the major software segments of the ITS. Street freight transport is witnessing reasonable progress across the planet. Elevated trade has led to a rise in imports and export volumes, which is driving the need for highway freight logistics. With a increase in the amount of autos, website traffic and the selection of fleets of freight operators have enhanced. As a result, operators in street freight logistics services, governing administration organizations, and other similar parties are demanding ITS. As a result, development in street freight logistics is driving the demand for ITS. Vendors functioning in the worldwide ITS industry have expanded their highway freight logistics offerings to handle the growing demand. These elements will travel the clever transport method (ITS) current market about the forecast period.
“The implementation of ITS remedies and the increasing selection of good cities will further more enhance market growth throughout the forecast period”, states a senior analyst at Technavio.
Clever Transportation Technique (ITS) Sector: Important Distributors
-
EFKON GmbH
-
Hitachi Ltd.
-
Kapsch TrafficCom AG
-
Neology Inc.
-
Q-No cost ASA
Intelligent Transportation Method (ITS) Industry: Segmentation Examination
This industry study report segments the smart transportation system (ITS) market by application (Visitors administration, Toll administration, Automotive, and infotainment telematics, Public transportation, and Many others) and geography (North The united states, Europe, APAC, South The usa, and MEA).
The North The usa region led the clever transportation technique (ITS) industry in 2021, followed by Europe, APAC, South America, and MEA respectively. For the duration of the forecast period of time, the North The us location is expected to sign-up the optimum incremental expansion owing to factors these as progress in the selection of wise related products.
Technavio’s sample experiences are totally free of charge and Attain aggressive intelligence about marketplace gamers. Track essential marketplace trends, opportunities, and threats. Tell your advertising, model, system, and market progress.
Obtain Free of charge Sample Report
Related Reports on Information and facts Technology Include things like:
International Satellite Telephone Market- The satellite phone current market is segmented by satellite type (GEO and LEO), geography (APAC, North America, Europe, MEA, and South The us), and key distributors.
To get considerable study insights: Down load No cost Sample Report
World wide Industrial World wide web of Points (IoT) Industry– The industrial world wide web of matters (IoT) market place is segmented by conclude-person (production, energy and utilities, automotive and transportation, healthcare, and some others), geography (North America, APAC, Europe, South America, and MEA), and important distributors.
To get extensive investigate insights: Download Free Sample Report
Some of the essential topics coated in the report involve:
Market Issues
Industry Drivers
Market Developments
Seller Landscape
About Technavio
Technavio is a leading worldwide technological know-how exploration and advisory company. Their investigation and investigation focuses on emerging market place traits and supplies actionable insights to support firms discover market prospects and acquire successful approaches to optimize their market positions.
With over 500 specialised analysts, Technavio’s report library consists of extra than 17,000 stories and counting, masking 800 systems, spanning across 50 nations around the world. Their consumer foundation is made up of enterprises of all dimensions, together with far more than 100 Fortune 500 companies. This growing customer base depends on Technavio’s extensive protection, in depth investigation, and actionable marketplace insights to establish alternatives in existing and likely marketplaces and assess their aggressive positions inside transforming marketplace scenarios.
Contacts
Technavio Investigation
Jesse Maida
Media & Marketing and advertising Government
US: +1 844 364 1100
Uk: +44 203 893 3200
E mail: [email protected]
Website: www.technavio.com/
Report Page: https://www.technavio.com/report/clever-transport-system-current market-marketplace-evaluation
View original articles to down load multimedia:http://www.prnewswire.com/information-releases/smart-transport-technique-its-market-to-grow-by-usd-33-83-billion-all through-2021-2025increasing-traffic-congestion-and-street-mishaps-to-arise-as-key-driver-technavio-301249061.html
Supply Technavio