Smart transportation system is advanced applications of information, communication technologies and management strategies in order to provide highly efficient services related transportation and traffic management. Besides this, smart transportation systems offers improved operational efficiency, enhancing road safety, and less traffic congestion. Smart transportation system has broadly application in parking availability system, traffic enforcement camera, collision avoidance system and so on.
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The report aims to provide an overview of global smart transportation systems market with detailed market segmentation by component, system, application and geography. The global smart transportation systems market is expected to witness high growth during the forecast period. Increase in number of vehicles and traffic congestion is driving the smart transportation systems market.
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The objectives of Smart Transportation Systems Market Report is as follows:
- To provide overview of the global smart transportation systems market
- To analyze and forecast the global smart transportation systems market on the basis of component, system and application
- To provide market size and forecast till 2025 for overall smart transportation systems market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries
- To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend
- To provide exhaustive PEST analysis for all five regions
- To profiles key smart transportation systems players influencing the market along with their SWOT analysis and market strategies
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Some of the leading players in Smart transportation systems market are Addco LLC, Affiliated Computer Services, Inc., Agero, Inc., Denso Corporation, Efkon AG, Garmin Ltd., Kapsch Trafficcom, Lanner Electronics, Inc., Tomtom International Bv and Thales Group.
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