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The Global Intelligent Transportation Systems Market Is Expanding Rapidly, With A Healthy Cagr Over The Forecast Period
The Global Intelligent Transportation Systems Market Is Expanding Rapidly, With A Healthy Cagr Over The Forecast Period
The coronavirus pandemic stifled ITS market growth in the first half of 2020, owing to government-imposed lockdowns.

The coronavirus pandemic stifled ITS market growth in the first half of 2020, owing to government-imposed lockdowns. The industry experienced a temporary downturn as a result of supply chain disruptions, which hampered companies' manufacturing and R&D capabilities. Travel restrictions caused delays in the development of new transportation infrastructure projects. With the relaxation of lockdowns in the second half of 2021, the industry will grow rapidly. In the aftermath of the pandemic, intelligent transportation systems such as contactless access control and smart ticketing systems will be increasingly used across public transportation terminals.

 

Industrial networking is important in the Intelligent Transportation Systems Market because it enables effective communication between the innovative technologies that it employs. Antaira Technologies specialises in providing high-quality industrial networking equipment that aids in the advancement of the ITS market. Our products provide several key qualities that are critical for the effective operation of the ITS market, including scalability and flexibility, reliability, ruggedization and long-term durability, and self-healing redundant networks. Contact us today for more information on our products, which range from industrial access point bridge repeaters to managed and unmanaged Ethernet switches. The global intelligent transportation systems market is expanding rapidly, with a healthy CAGR over the forecast period. In terms of revenue for intelligent transportation systems, North America is expected to be the dominant market in 2017. APEJ is expected to be a key market for long-term revenue generation in the coming years.

 

 

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