Intelligent Transport Systems Market Scope
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.
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 2026.
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 estimates that United States Players will contribute to the maximum growth of Global Intelligent Transport Systems market throughout the predicted period.
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 that are part of study coverage. Additionally, the Players which are also part of the research are Ricardo (United Kingdom), Lanner Electronics (Taiwan) and Tomtom International (Netherlands).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Intelligent Transport Systems market 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 Region with country level break-up.
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).
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.
- Technological Developments of Intelligent Transportation Systems
- Advanced Traffic Congestion Solutions
- Rising Concerns Toward Protecting Environment With Eco-friendly Automobile Technology
- Increasing Traffic Congestion Problem
- Rising Concerns Regarding Security and Surveillance
- Designing and Developing Smart Vehicle Compatible with ITS
- Achieving Inter operable
- Slow Growth in Infrastructure Sector
- High Installation Cost
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