United States Intelligent Transportation System Market Size- By Mode of Transport, By Type, By Deployment Mode- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

United States Intelligent Transportation System Market Size- By Mode of Transport, By Type, By Deployment Mode- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

United States Intelligent Transportation System Market Introduction and Overview

According to SPER market research, ‘United States Intelligent Transportation Systems Market Size- By Mode of Transport, By Type, By Deployment Mode – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the United States Intelligent Transportation Systems Market is predicted to reach USD 14.83 billion by 2033 with a CAGR of 9.11%.

Intelligent transportation systems (ITS) are made up of many different technologies and are intended to improve the efficiency, sustainability, and safety of transportation networks. These systems collect, process, and disseminate data to enhance traffic control, vehicle performance, traveler information, and other transportation-related aspects using state-of-the-art sensor, processor, and communication technology.

Transportation restrictions and continuous project delays are two of the ways that COVID-19’s consequences are impeding growth. 2020 saw significant financial challenges for several transit agencies as a result of the lockout caused by COVID-19 and the economic slump. Numerous unfavorable effects of the COVID-19 pandemic include business layoffs, market instability, disruptions in the supply chain, and heightened anxiety in some customer segments.

Scope of the Report:

Report Metric Details

Market size available for years 2020-2033

Base year considered 2023

Forecast period 2024-2033

Segments covered By Mode of Transport, By Type, By Deployment Mode

Regions covered Eastern, Western, Northern, Southern

Companies Covered

Cubic Corporation, Denso Corporation, EFKON, FLIR Systems, Garmin, Kapsch TrafficCom, Q-Free, Siemens, Thales Group, Others

United States Intelligent Transportation System Market Segmentation:

By Mode of Transport: Based on the Mode of Transport, United States Intelligent Transportation Systems Market is segmented as; Roadways, Railway, Airways.

By Type:Based on the Type, United States Intelligent Transportation Systems Market is segmented as; Advanced Traffic Management System (ATMS), Advanced Transportation Pricing System (ATPS), Advanced Traveler Information System (ATIS), Advanced Public Transportation System (APTS), Others.

By Region:This research also includes data for Eastern, Western, Northern, Southern.