The report "IntelligentTransportation System Market with COVID-19 Impact Analysis, byOffering, System (Advanced Traffic Management System, ITS-Enabled TransportationPricing System, and Others), Application, and Geography - Global Forecast to 2025", is expected to grow from USD 17.9 billion in 2020 to USD 36.5billion by 2025, at a CAGR of 15.3%. The growth is driven by factors such as increasing concerns toward public safety, growing traffic congestion problems, rising favorable government initiatives for effective traffic management, increasing adoption of eco-friendly automobile technologies, and development of smart cities across the world.
Browse 103market data Tables and 83 Figures spread through 217 Pages andin-depth TOC on "IntelligentTransportation System Market with COVID-19 Impact Analysis, by Offering, System (Advanced Traffic Management System, ITS-Enabled Transportation Pricing System, and Others), Application, and Geography - Global Forecast to 2025"
[217 Pages Report]The global Intelligent Transportation System Market forroadways is expected to grow from USD 17.9 billion in 2020 to USD 36.5 billionby 2025, at a CAGR of 15.3%.
The market growthcan be attributed to several factors, such as increasing concerns toward publicsafety, growing traffic congestion problems, rising favorable government initiatives for effective traffic management, increasing adoption of eco-friendly automobile technologies, and development of smart cities across the world.
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ITS Market Size,Forecast to 2025 With COVID-19 Impact Analysis
The IntelligentTransportation System Market includes major Tier I and IIsuppliers such as Thales Group (France), Siemens (Germany), Kapsch TrafficCom(Austria), Garmin (US), TomTom International BV (Netherlands), Cubic Corporation (US), Q-Free ASA (Norway), EFKON GmbH (Austria), FLIR Systems, Inc. (US), Indra Sistemas (Spain), and Denso Corporation (Japan). These suppliers have their manufacturing facilities spread across various countries across North America, Europe, APAC, and RoW. COVID-19 has impacted their businesses as well.
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