IoT in Intelligent Transportation System Market Growth, Trends, Forecast and COVID-19 Impacts (2022 – 2028)

IoT in Intelligent Transportation System Market report provides key statistics on the market status of the IoT in Intelligent Transportation System Industry and is a valuable source of guidance and direction for companies and individuals interested in the IoT in Intelligent Transportation System Market. IoT in Intelligent Transportation System Market Report covers the companies’ data, including Growth potential analysis, Executive Summary, Data sources, Industry segmentation, Porter’s analysis, Business trends, Growth drivers, Price trend analysis, Industry pitfall and challenges, Industry impact forces, Competitive landscape

According to our  latest study, due to COVID-19 pandemic, the global IoT in Intelligent Transportation System market size is estimated to be worth US$ 108740 million in 2021 and is forecast to a readjusted size of USD 172940 million by 2028 with a CAGR of 6.9% during review period. Roadway accounting for % of the IoT in Intelligent Transportation System global market in 2021, is projected to value USD   million by 2028, growing at a % CAGR in next six years. While Hardware segment is altered to a % CAGR between 2022 and 2028.

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The recent research report on IoT in Intelligent Transportation System market highlights intricate details pertaining to growth trajectory of this domain through a detailed analysis of amplification history of the market and important global developments. The report has been outlined in such a way that enables businesses to clearly comprehend the existing trends and predictions being presented, so as to formulate robust business tactics that guarantee strong profits in the forthcoming years.

The report focuses on key growth drivers and prospects that will augment the market outlook over the forecast period. It also enumerates restraints and risks that impact the industry along with ways to subdue their impacts. Additionally, it examines the effects of the Covid-19 pandemic on the industry dynamics over the forecast duration.

Key Highlights of the Table of Contents:

Product terrain

  • Product range: Hardware, Software and Services
  • Remuneration accrued and market share bagged by each product category
  • Projected growth rate of each product type over the assessment period

Application scope

  • Application range: Roadway, Railway, Airway and Maritime
  • Predictions for the product demand and share held by each application segment
  • Growth rate estimates for all application types over the projected timeline

Regional landscape

  • Accounts of the total sales and revenue accumulated by each region
  • Year-over-year growth rate of each region during the forecast years

Competitive arena

  • Industry vendors: Cisco Systems, Intel Corporation, Cubic Transportation Systems, Siemens AG, Thales Group, TomTom NV, TransCore Holdings, Verizon Telematics, Microsoft Corporation, Garmin Ltd, NEC Corporation, Watson Internet of Things(IBM), Huawei Technologies, Hitachi Transport System and Iteris Inc
  • Analysis of the market concentration ratio
  • Product range of the leading players with detailed applications and specifications
  • Informative data regarding the manufacturing competencies of the manufacturers across the operational regions
  • Vital aspects like pricing model, sales graph, returns, and market share of each company
  • Latest developments like acquisitions, mergers, and expansion strategies

In conclusion, the IoT in Intelligent Transportation System market has been evaluated thoroughly through multiple segments. It further extends by analyzing other important facets like the supply chain and sales channel in relation to raw materials sellers, distributors, and consumers of the industry.

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