COVID-19 Impacts: Intelligent Transport System (ITS) Market will Accelerate at a CAGR of about 10% through 2020-2024 | Growing Road Freight Logistics Market to Boost Growth | Technavio

Technavio has been monitoring the intelligent transport system (ITS) market and it is poised to grow by $ 32.47 bn during 2020-2024, progressing at a CAGR of about 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Intelligent Transport System (ITS) Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Hitachi Ltd., International Business Machines Corp., Kapsch TrafficCom AG, Neology Inc., Q-Free ASA, Roper Technologies Inc., Siemens AG, Thales Group, and TomTom International BV are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The growing road freight logistics market has been instrumental in driving the growth of the market.

Intelligent Transport System (ITS) Market 2020-2024 : Segmentation

Intelligent Transport System (ITS) Market is segmented as below:

• Application
  • Traffic Management
  • Toll Management
  • Automotive And Infotainment Telematics
  • Public Transport
  • Others
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41630

Intelligent Transport System (ITS) Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our intelligent transport system (ITS) market report covers the following areas:

• Intelligent Transport System (ITS) Market size
• Intelligent Transport System (ITS) Market trends
• Intelligent Transport System (ITS) Market industry analysis

This study identifies increasing traffic congestion and road accidents as one of the prime reasons driving the intelligent transport system (ITS) market growth during the next few years.

Intelligent Transport System (ITS) Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the intelligent transport system (ITS) market, including some of the vendors such as 3M Co., Hitachi Ltd., International Business Machines Corp., Kapsch TrafficCom AG, Neology Inc., Q-Free ASA, Roper Technologies Inc., Siemens AG, Thales Group, and TomTom International BV. Backed with competitive intelligence and benchmarking, our research reports on the intelligent transport system (ITS) market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Intelligent Transport System (ITS) Market 2020-2024 : Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist intelligent transport system (ITS) market growth during the next five years
• Estimation of the intelligent transport system (ITS) market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the intelligent transport system (ITS) market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of intelligent transport system (ITS) market vendors

Table Of Contents :

.

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application placement
• Traffic management - Market size and forecast 2019-2024
• Toll management - Market size and forecast 2019-2024
• Automotive and infotainment telematics - Market size and forecast 2019-2024
• Public transport - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Application

Customer Landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher-priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• 3M Co.
• Hitachi Ltd.
• International Business Machines Corp.
• Kapsch TrafficCom AG
• Neology Inc.
• Q-Free ASA
• Roper Technologies Inc.
• Siemens AG
• Thales Group
• TomTom International BV

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200729005693/en/