Intelligent Transportation Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Intelligent Transportation Systems Industry Overview

TransCore, Kapsch TrafficCom AG, Efkon AG,TomTom NV, DENSO Corporation, Thales SA are active players in the market. The high cost of intelligent transportation system makes it difficult for manufacturers to keep the product prices low. Automobile manufacturers have to either keep their profit margins low or shift the pressure onto the customers. However, in the current price-sensitive market, in which customers are looking for products that offer them the maximum value for money, it has become difficult for manufacturers to shift the pricing pressure completely onto customers. Consequently, manufacturers are compelled to keep their margins low. This in turn affects the financial status of the manufacturers and restricts them from spending on other activities, including R&D, which further affects the development of automobile-embedded telematics.