Intelligent Transportation System (ITS) Market Exp
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LAS VEGAS, Nov. 21, 2017 (GLOBE NEWSWIRE) -- The latest trending report published by Crystal Market Research titled, Intelligent Transportation System (ITS) Market , approximates that the Intelligent Transportation System (ITS) Market size is estimated to flourish at a significant CAGR in the future, and this is attributed to the escalation in need for this product across the globe along with novel innovations in the market.
The global Intelligent Transportation System (ITS) market was worth USD 14.58 billion in the year 2012 and is expected to reach approximately USD 28.45 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 6.91% during the forecast period. Intelligent Transportation System (ITS) is a blend of information technology and communication with transportation systems which builds the productivity of transport process and enhances traveler security. A proficient transportation system positively affects the low number of road mishaps, decrease in debilitate discharges and less travel time. Systems as such give comfort to explorers in the case of driving a vehicle independently or utilizing open transport. The requirement for incorporated versatile systems in public transit has been on the ascent because of worries of public safety. Contemporary transportation providers are seeking after flexible vehicle computing systems incorporating portable surveillance, monitoring and tracking to guarantee the security of their travelers and simplify implementation procedure. Nations, for example, India and France are concentrating on usage of these systems attributable to rising interest for enhanced traffic conditions and travel comfort for drivers and in addition pedestrians.
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The report Intelligent Transportation System (ITS) Market render a wide-ranging analysis of the said market in terms of product, regional, application and end user segmentation. The report comprises of the present market size of this industry. Also, the potential outlooks and current market summary of this segment has been thoroughly analyzed in this report. Moreover, chief market players of the Intelligent Transportation System (ITS) Market are studied on various factors like product portfolio, company profile, sales analysis, revenue generation through the forecast period.
Major Market Players
- Q-Free
- Iteris Inc
- Garmin International Inc
- Kapsch TrafficCom AG
- TomTom
- Thales Group
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Table of Contents
- Introduction 1.1. Report Description 1.2. Research Methodology 1.2.1. Secondary Research 1.2.2. Primary Research
- Executive Summary 2.1. Key Highlights
- Market Overview 3.1. Introduction 3.1.1. Market Definition 3.1.2. Market Segmentation 3.2. Market Dynamics 3.2.1. Drivers 3.2.1.1. Need for Road Safety 3.2.1.2. Cost-Effectiveness 3.2.1.3. Performance Enhancement of Transportation System 3.2.2. Restraints 3.2.2.1. Need for Interoperability 3.2.3. Opportunities 3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
- Intelligent Transportation System (ITS) Market, By Application
- Intelligent Transportation System (ITS) Market, By Region
- Company Profiles
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Report’s Magnitude:
This report contains Segment wise in-depth analysis in terms several above-mentioned segments along with market size forecasts and approximations to observe significant areas of industry growth in detail. Additionally, an executive summary, summarizing the entire report in such a way that decision-making team can speedily become familiar with background information, summarizing analysis and main conclusions.
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