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

More News From travelstylo.com

Score! Scrabble dictionary adds 'OK,' 'ew' to official play

Sep 24, 2018

NEW YORK — Scrabble players, time to rethink your game because 300 new words are coming your way, including some long-awaited gems: OK and ew, to name a few. Merriam-Webster released the sixth edition of "The Official Scrabble Players Dictionary" on Monday, four years after the last freshening up. The company, at the behest of Scrabble owner Hasbro Inc., left out one possibility under consideration for a hot minute — RBI — after consulting competitive players who thought it potentially too contentious. There was a remote case to be made since RBI has morphed into an actual word, pronounced rib-ee....

The Latest: Boy wounded in Iran parade attack has died

Sep 24, 2018

TEHRAN, Iran — The Latest on the fallout from Saturday's attack on a military parade in Iran (all times local): 4:25 p.m. Iran's state TV has reported that a 4-year-old boy who was wounded during Saturday's terror attack on a military parade in the city of Ahvaz has died at a hospital. Sunday's report showed the deceased Mohammad Taha lying on his bed in an Ahvaz hospital. Beside him, a doctor next says: "He was wearing a black shirt when he was killed because he was at a mourning ceremony," referring to Ashoura, an annual commemoration mourning the 7th century...

Children's remains found in Mexican mass graves

Sep 24, 2018

MEXICO CITY — Tiny pants for a baby no older than 6 months and shiny pink sandals for a toddler are among the personal items that have turned up at mass graves in the Gulf state of Veracruz, driving home the brutality of rising violence in Mexico. Mexican authorities have found remains of children along with adults in the clandestine burial pits, a person with knowledge of the investigation confirmed Sunday. Each item of clothing was either found near a body or cut free from remains. The official spoke on condition of anonymity because they weren't authorized to discuss the...

Flacco shines as Ravens deal Broncos first loss, 27-14

Sep 24, 2018

BALTIMORE — Baltimore's offensive line handled Von Miller, Joe Flacco took care of the football, and the Ravens sliced through Denver's depleted defense. Flacco found the time to throw for 277 yards and a touchdown, and the Ravens pushed aside the previously undefeated Broncos 27-14 Sunday. Baltimore (2-1) got 68 yards rushing from Alex Collins, but the line's most ample contribution was giving Flacco time to pass against a defense led by Miller, who came in with an NFL-leading four sacks. "That's a stout run defense. We kept hammering in there and bled some yards," Ravens coach John Harbaugh said....

Meghan reveals 'something blue' she wore at royal wedding

Sep 24, 2018

LONDON — It's an old tradition that a bride should have something old, something new, something borrowed and something blue on her wedding day, and the Duchess of Sussex followed at least part of that when she married Prince Harry. The former Meghan Markle has revealed in a television documentary that she had a piece of blue fabric from the dress she wore on her first date with Harry sewn into her wedding dress. She made the comments while discussing the dress in a documentary about Queen Elizabeth II called "Queen of the World." She didn't say whether she also...

Broaden News

Travel Stylo is an independent online travel website started by a group of friends who love traveling together. With Travel Stylo, you can travel with style.

Contact us: sales[at]travelstylo.com