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

Wolves' return to Oregon brings conflict and opportunity

Nov 23, 2017

PORTLAND, Ore. — Wolves have returned to Oregon after being killed off 70 years ago - and they're thriving. Since the first wolves successfully crossed from Idaho about a decade ago, the population has boomed to at least 112 wolves in 2016. Wolves have been so successful the state removed them from its endangered species list and they are no longer federally protected in one-third of the state. But with success comes conflict - and Oregon's wolves are now at a crossroads. Poaching cases have jumped, ranchers complain wolves are eating livestock and a hunter says he killed a wolf...

Lofty Thanksgiving: Astronauts feasting on pouches of turkey

Nov 23, 2017

CAPE CANAVERAL, Fla. — Astronauts at the International Space Station will feast Thursday on pouches of Thanksgiving turkey. The three Americans, two Russians and one Italian will also rip into single-serving bags of mashed potatoes, candied yams, cornbread stuffing and cranberry-apple dessert. Just add water, heat and bon appetit! Commander Randy Bresnik said he'll miss his wife's home cooking, but appreciate next year's Thanksgiving that much more. This is his second Thanksgiving off the planet; he was aboard space shuttle Atlantis in November 2009. "We're going to celebrate a lot like we did when we were deployed in the service,"...

VA study shows parasite from Vietnam may be killing veterans

Nov 23, 2017

HERALD, W.Va. — A half a century after serving in Vietnam, hundreds of veterans have a new reason to believe they may be dying from a silent bullet — test results show some men may have been infected by a slow-killing parasite while fighting in the jungles of Southeast Asia. The Department of Veterans Affairs this spring commissioned a small pilot study to look into the link between liver flukes ingested through raw or undercooked fish and a rare bile duct cancer. It can take decades for symptoms to appear. By then, patients are often in tremendous pain, with just...

Russia confirms spike in radioactivity in the Urals

Nov 23, 2017

MOSCOW — Russian authorities on Tuesday confirmed reports of a spike in radioactivity in the air over the Ural Mountains while the suspected culprit, a nuclear fuel processing plant, denied it was the source of contamination. The Russian Meteorological Service said in a statement Tuesday that it recorded the release of Ruthenium-106 in the southern Urals in late September and classified it as "extremely high contamination." Russian authorities insisted, however, that the amount of Ruthenium posed no health risks. France's nuclear safety agency earlier this month said that it recorded radioactivity in the area between the Volga River and the...

Branagh, Friel among winners of International Emmy Awards

Nov 23, 2017

NEW YORK — Kenneth Branagh won the International Emmy for Best Actor, while Anna Friel won the Best Actress trophy at the 2017 International Emmy Awards gala Monday night in New York. Branagh and Friel were among 11 winning performers and programs spanning eight countries: Belgium, Canada, France, Germany, Norway, Turkey, the United Kingdom and the United States. The awards are presented annually by the International Academy of Television Arts & Sciences, which represents more than 60 countries and 500 companies from all sectors of TV, including internet and mobile technology. The evening was hosted by Iranian-American comedian-actor Maz Jobrani,...

Search

Recent Discovery will take you to the captivating developments in science, technology, and the universe around us. We deliver to you the latest news, theories, and developments in the world of science.

Contact us: sales@recentdiscovery.com

Trending News

ScienceAgricultural ScienceArchaeologyAstronomy Press