Scope of the Study
The increasing number of mega cities and the population growth have increased the importance of deploying an intelligent transport system. Intelligent transportation system is an advance application used to provide innovative services relating to different mode of transport and traffic. ITS system constitutes road transport and an efficient metro/underground rail system.
The market study is being classified by Type (Advanced Traffic Management System, Advanced Traveler Information System, Advanced Vehicle Control System, Commercial Vehicle Operation and Advanced Public Transportation System), by Application (Traffic Management, Road Safety and Surveillance, Freight Management, Public Transport, Environment Protection, Automotive Telematics, Parking Management, Road User Charging and Automated Vehicles) and major geographies with country level break-up. According to AMA, the Global Intelligent Transport Systems market is expected to see growth rate of 5.25% and may see market size of USD30.63 Billion by 2025.
Garmin (United States), Transcore (United States), Iteris (United States), Cubic Transportation Systems (United States), Xerox Corporation (United States), Addco LLC (United States), Flir Systems (United States), Kapsch Trafficcom (Austria), Thales (France), Q-Free (Norway), Siemens (Germany), Hitachi, Ltd. (Japan), Efkon (Austria) and Denso (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Ricardo (United Kingdom), Lanner Electronics (Taiwan) and Tomtom International (Netherlands).
The Players having a strong hold in the market are Transcore Inc, Kapsch Trafficcom AG, Efkon AG, Q-Free, Thales Group. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Intelligent Transport Systems market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Intelligent Transport Systems market by Type, Application and Region.
On the basis of geography, the market of Intelligent Transport Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Concerns Toward Protecting Environment With Eco-friendly Automobile Technology
- Increasing Traffic Congestion Problem
- Rising Concerns Regarding Security and Surveillance
- Technological Developments of Intelligent Transportation Systems
- Advanced Traffic Congestion Solutions
- Designing and Developing Smart Vehicle Compatible with ITS
- Achieving Inter operable
- Slow Growth in Infrastructure Sector
- High Installation Cost
In Feb 2018, Dallas Gives Green Light to New Transportation Management System. The Dallas signed an agreement with Ericsson to provide communication backbone for the city’s Intelligent Transportation.
Key Target AudienceComponent and equipment suppliers, Original equipment manufacturers (OEMs), Original design manufacturers (ODMs), Automotive Industry, Installers and maintenance service providers, Government and Research organizations, Component integrator and Technology providers
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase