The global intelligent transportation systems market has grown significantly recently, with the increasing emphasis on intelligent transportation and smart city development initiatives led by government agencies around the world. An increase in aggressive research and development in autonomous vehicle technology and a rapid increase in vehicle production require effective traffic management solutions, which in turn will increase the market share of Intelligent Transportation Systems (ITS).

The rapidly growing propensity for the use of real-time data by the traffic authorities to reduce the risk of accidents and to solve traffic congestion problems, industry growth will accelerate in the coming years. In addition, the introduction of stringent standards by government agencies around the world to improve road safety and control vehicle emissions will continue to drive the intelligent transportation systems market in the forecast timeframe.

Notable companies involved in this industry stake appear to be developing progressive ones intelligent transportation systems for a variety of modes of transportation such as ocean shipping, air traffic and railroad. The most important players in the sector in this branch deal with the use of digitization, intelligent technologies that enable operators of transport systems to achieve the availability, reliability and flexibility that are required for a cost-efficient design of transport networks.

Kapsch TrafficCom from Austria recently announced that the company has taken over eTrans Systems, which offers networked and autonomous vehicle solutions (CAV) for a wide range of mobility and security applications. This acquisition enriches Kapsch’s V2X solution package (Connected Vehicles) in the rapidly developing segment of autonomous and networked vehicles.

With this acquisition, Kapsch will also be able to use the technology-independent on-board and roadside unit applications from eTrans Include portfolio. Both companies had previously worked together on various projects in North America such as the H407 connected vehicle pilot in Toronto and the Signal Phase and Timing (SPaT) corridor in North Carolina. The spread of such acquisitions in the intelligent transportation systems market will undeniably spur the growth of the intelligent transportation systems (ITS) market in the coming years. as most of them do not have the latest safety equipment and recently introduced a retrofit driver status monitor to help reduce traffic accidents on commercial vehicles. This safety product uses the driver’s facial image recorded by a camera installed in the cabin to check for inappropriate posture, sleep, drowsiness and distractions.

The driver’s condition could also be reported to the operations manager in real time as to what it is enables the driver to be warned and immediate action to be taken in an emergency. Such critical steps, taken by companies to provide additional guidance on safe driving, are a critical factor that would help drive the growth of the intelligent transportation systems market.

Analyzing the efforts of well-known companies is It is quite obvious that these attempts would significantly increase the market share of Intelligent Transportation Systems in the years to come. The competitive spectrum of this industry also includes other major competitors such as Xerox Corporation, WS Atkins PLC, Trapeze Group, Transmax Pty Ltd., TomTom NV, Thales Group, Telegroup, Rhythm Engineering, Q-Free ASA, PTV Group, Nuance Communications, Moxa Inc. , Lanner Electronics, Hitachi Ltd., GMV Group, ETA Transit Systems, EFKON AG, Clever Devices Ltd. and Advantech Co. Ltd.

Ronak holds a degree in electrical engineering, writes for Technology Magazine, and has extensive experience in digital marketing. He explores how the online world works from a technical and marketing perspective. His other areas of interest include reading, music and fun …

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