New York, May 02, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Intelligent Transportation Systems (ITS) Market Size, Share, Trend and Analysis by Region, System Type, Application, and Segment Forecast, 2023-2026" - https://www.reportlinker.com/p06454443/?utm_source=GNW
Summary
The global intelligent transportation systems market size was valued at $18.96 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.6% during 2023-2026. The intelligent transportation systems market report provides an executive-level overview of the current global ITS sector, with detailed forecasts of key indicators up to 2026.
This market intelligence report offers a thorough, forward-looking analysis of the global intelligent transportation systems market, and key segments in a concise format to help executives build proactive and profitable growth strategies.
Key Highlights
The global intelligent transportation systems market size was valued at $18.96 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.6% during 2023-2026. The ITS market is driven by several factors, including growing urbanization, rapid smart city development, increasing traffic, rising number road accidents, and the emergence of autonoumous vehicles.
Scope
- This report provides overview and service addressable market for intelligent transportation systems market.
- It identifies the key trends impacting growth of the market over the next 12 to 24 months.
- It includes global market forecasts for the ITS industry and detailed competitor analysis.
Reasons to Buy
- This market intelligence report offers a thorough, forward-looking analysis of the global ITS market, system type, application, and key vendor outlook, in a concise format to help executives build proactive and profitable growth strategies.
- Accompanying Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in ITS markets.
- With more than 20 charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
- The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in ITS markets.
- The broad perspective of the report coupled with comprehensive, actionable detail will help ITS players, investors, and other stakeholders succeed in the growing ITS market globally.
Read the full report: https://www.reportlinker.com/p06454443/?utm_source=GNW
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