Intelligent Transportation System Market, Key Players, Market Segments, Development and Opportunities by Forecast to 2022

Intelligent Transportation System Market by Products (Advanced Transportation Management Systems (ATMS) - Forecast 2022

Pune, India - October 13, 2017 /MarketersMedia/ —

Market Highlights:
Intelligent Transport System (ITS) is a computerized system with diverse applications connected with vehicle transportation, that provides live feeds with the help of sophisticated sensors of smartphones and the equipment is installed across the roadside, including cameras mounted on the traffic poles. Intelligent Transport System (ITS) is majorly being used and deployed for capturing real time navigation, lane disciple, traffic updates and predicting travel time. The objective of ITS is to improve effectiveness, efficiency and safety in road transportation system. This technology is successfully being deployed in various developed countries such as Japan, Singapore, United States, and United Kingdom with the motive to improve the performance of transportation system by controlling conjunction, and ensuring safety and convenience for travelers.

The major growth driver of Intelligent Transportation System is the rising concern for traffic congestion, followed by an increase in the need for road safety improvements and the shift of freight industry from unorganized to organized sector. However, the lack of proper infrastructure for implementation of ITS in developing and under developed economies, is inhibiting the growth of the Global Intelligent Transportation System market. The global intelligent transportation system market is expected to be USD 42.67 billion by the end of forecast period with CAGR of ~12.21%.

The global Intelligent Transportation System Market is segmented by products, by applications, by component and by regions. On the basis of products, the market is segmented as advanced transportation management systems (ATMS), advanced public transportation systems (APTS), advanced transportation pricing systems (ATPS), advanced traveler information systems (ATIS) and cooperative vehicle systems. On the basis of applications, the market is categorized as automotive telematics, traffic management, collision avoidance system, road user charging, road safety and security, traffic signal control, freight management (commercial), parking management, public transport, environment protection and traffic enforcement camera. On the basis of components, the market is divided as sensor, surveillance camera, software, interface board, monitoring and detection system, telecommunication network and others.

Major Key Players:
• Roper Industries, Inc.(U.S)
• Hitachi Ltd. (Japan)
• Siemens AG (Germany)
• Thales S.A. (France)
• Xerox Corporation (U.S.)
• BRISA (Portugal)
• Kapsch AG (Austria)
• Q-Free ASA (Norway)
• Efkon AG (Austria)
• Lanner Electronics Inc.(Taiwan)
• Denso Corporation (Japan)
• TomTom International BV(Netherlands)
• Savari Inc.( U.S.)
• Nuance Communications Inc.(U.S)
• Garmin Ltd.( Switzerland)

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/2076

Global Intelligent Transportation System Market - Trends & Forecast, 2016-2022
• To provide detailed analysis of the market structure along with forecast for the next 5 years for the various segments and sub-segments of the global Intelligent Transport System market development and demand market
• Upcoming technologies, high growth geographies and countries were identified
• Regional and country specific demand and forecast for Intelligent Transport System were studied
• Key segments covered in the report are: product, application, component and region.
• Unit breakdown for all different classification was finalized; and same was referred for forecasting, keeping few assumptions into factor
• For all the regions, forecast demand for all applications were identified and then with historical figure, data collected through primary and annual reports were triangulated to derive the regional market size
• Historical trend is identified to forecast and estimate the future value data

Target Audience
• Intelligent transportation system providers
• Network providers
• Software providers
• Navigation and GPS manufacturers
• Research & consultancy
• Government
• Technology investors

Key Findings
• Intelligent Transportation System Market is expected to grow at compound annual growth rate of 12.21% between the years 2016 and 2022.
• Asia-Pacific is projected to dominate the market of intelligent transportation system throughout the forecast period.
• By Product, Advanced Public Transportation Systems (APTS) accounts for the largest market share of 13.89% in the global market, followed by Advanced Transportation Management Systems (ATMS) accounting for 12.39% of the total market share.
• By Application, Road User Charging accounts for the largest market share of 14.75% in the global market, followed by Environment Protection accounting for 14.73% of the market share.
• Major Drivers of the market have been identified as the increasing concern of traffic congestion and the rise in the number of government initiatives whereas the major market restraints are the lack of proper infrastructure for implementation in developing and under-developed economies and the high Cost for ITS safety systems does not allow high penetration

Regional and Country Analysis of Intelligent Transportation System Market
North America has dominated the market in 2016 which is followed by Asia-pacific. Europe is expected to grow at a CAGR of 12.83% during the forecast period.

Asia Pacific is expected to grow from a market size of USD 5.65 billion in 2016 to USD 12.10 billion by 2022. ROW is expected to grow at a CAGR of 8.67% during the forecast period.

North America
• US
• Canada

Europe
• France
• Germany
• Italy
• Spain
• United Kingdom
• Rest of Europe

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/intelligent-transportation-system-market-2076

Asia – Pacific
• China
• India
• Indonesia
• Japan
• South Korea
• Others

Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
Continued…..

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: Akash Anand
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 524/528,, https://www.marketresearchfuture.com/reports/multichannel-marketing-market-3949
Phone: +1 646 845 9312

Source URL: https://marketersmedia.com/intelligent-transportation-system-market-key-players-market-segments-development-and-opportunities-by-forecast-to-2022/249943

For more information, please visit https://www.marketresearchfuture.com/reports/intelligent-transportation-system-market-2076

Source: MarketersMedia

Release ID: 249943

Latest News

GOP tax law boosts income taxes, budgets in some states

Feb 25, 2018

BATON ROUGE, La. — The Republican tax overhaul is giving most Americans a break on their federal income taxes. But fallout from the same law means many people could actually see their state income taxes rise. For some state governments, the prospect of getting more revenue without actively raising taxes is almost too good to be true, but it also forces Republican governors and lawmakers into a corner. Do they stay true to the party's long-standing tax-cut philosophy or keep the extra money rolling in to address their states' budget gaps and other spending priorities? The answer so far in...

AP FACT CHECK: Trump sees himself outperforming history

Feb 25, 2018

WASHINGTON — On the offensive about his record and the defensive about the Russia investigation, President Donald Trump sought in a week's worth of rhetoric to show that he is outdoing his predecessor, if not all of history. This made for inflated claims. His speech to the Conservative Political Action Conference on Friday marked his spirited return to a big stage after days of dealing with the national trauma of the Parkland, Florida, school massacre. In his remarks, Trump mischaracterized the Paris climate accord and his record on several fronts. This, after he exhibited defiance during the week about the...

Myanmar parliament approves $15M for Rakhine border fence

Feb 25, 2018

BANGKOK — Myanmar's parliament has approved a budget of about $15 million for the construction of a fence and related projects along the border with Bangladesh in Rakhine state, from which about 700,000 members of its persecuted ethnic Rohingya Muslim minority have fled violence since last August. Lawmaker Myo Zaw Aung said Friday the budget was proposed by the Home Affairs Ministry, the Defense Ministry and the Border Affairs Ministry, which are all controlled by the military. Deputy Home Affairs Minister Gen. Aung Soe testified Thursday, the day the budget was approved, that fences covering 202 kilometers (126 miles) of...

Broad rally helps stocks end a choppy week slightly higher

Feb 25, 2018

Wall Street capped several days of choppy trading Friday with a broad rally that gave the stock market a modest gain for the week. Technology companies, banks and health care stocks accounted for much of the market's gains. Energy companies also rose along with crude oil prices. The rally came as bond yields pulled back for the second day in a row after reaching four-year highs earlier in the week. That spike on Wednesday, which sent the 10-year Treasury yield closing in on 3 percent, sent stocks sharply lower. "There was a lot of concern about what happened if bond...

Spend more or do less? EU leaders discuss post-Brexit budget

Feb 25, 2018

BRUSSELS — The leaders of European Union nations — minus Britain's prime minister — met Friday to begin what are expected to be acrimonious talks on how the bloc will cope with a multibillion-euro hole in its budget caused by Britain's departure. Yet one leader warned not to expect a definitive decision any time soon on the European Union's first multi-year budget in the post-Brexit era. "This is the start of an intense and difficult process," cautioned Belgian Prime Minister Charles Michel. "There are so many political questions — fundamental questions — that it's necessary to start a dialogue, to...

Broaden News
Search

Manage The Numbers is the world’s fastest-growing finance news website, featuring the latest money and market news, along with in-depth analysis so you can make the best decision.

Contact us: sales@managethenumbers.com

Subscribe to our newsletter!

Name

Email