Market Share of Intelligent Transport Systems Industry
The intelligent transport systems marketis highly competitive and moving toward a fragmented stage dueto the presence of many large and small players in themarket. Players in the market are focusing on technological innovationand compatibility of their products and servicesas well as using strategies, such as acquisitions and collaborations to strengthen their presence in the market. Some of the players in the market are Siemens AG, Thales Group, IBM Corporation, Cubic Corporation, among others.
- January 2019 -The Department for Infrastructure (DfI) in Northern Ireland awarded Siemens a four-year contract. The contract covers both the maintenance and development of the existing traffic management systems, which are largely located in Belfast.
Intelligent Transportation System Market Leaders
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Siemens AG
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Thales Group
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IBM Corporation
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Cubic Corporation
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Denso Corporation
*Disclaimer: Major Players sorted in no particular order
