Radiology-Imaging-Technology-Digital-Transformation-1080x669
FAQ's
Answer : The global intelligent transportation system market size was valued at USD 29.69 billion in 2020 and is predicted to be worth around US$ 47.89 Bn by 2030.
Answer : The intelligent transportation system market is growing at a CAGR of 6.3% between forecast period 2021 to 2030.
Answer : Intelligent transportation system is a combination of various advanced information and communication technologies that helps in managing the traffic as well as changes the way consumers, government, and businesses deal with the transports. It provides various types of services such as fleet management, parking management system, smart ticketing solution, intelligent traffic management, security & surveillance, passenger information solution, and mobility services.
Answer : The Asia Pacific estimated to exhibit the fastest CAGR over the forecast period because of rapid transformation in the automotive and transportation sector.
Answer : North America led the global intelligent transportation system market with a revenue share of nearly 41% in the year 2020 due to technological advancement and rapid transformation in the automotive sector.
Answer : Automotive telematics segment estimated to witness the highest growth rate of nearly 7.3% during the forecast period due to its positive impact on increasing the safety and security of a vehicle.
Answer : Some of the key players in the global intelligent transportation system market are Lanner Electronics, Hitachi Ltd., Kapsch TrafficCom, Denso Corporation, TomTom International BV, Siemens AG, Garmin International, Clever Devices Ltd., Nuance Communications, Lanner Electronics, and Thales Group among others.
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Radiology-Imaging-Technology-Digital-Transformation-1080x669
