News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
Home : U.S. Government News Search Engine                          
(USGovernment-News.Com, January 19, 2016 ) The global market is mainly driven by increasing traffic congestion. As the traffic congestion is increasing, people are facing more problems. Traffic congestion wastes time of passengers and leads to delay in reaching the workplace. The most effective solution to reduce traffic congestion is adopting intelligent transportation systems that manage the traffic system more effectively and efficiently. The market in Asia-Pacific is expected to witness the fastest growth with a CAGR of 14.1% during 2015 2020. This is due to supportive government initiative, towards the implementation of ITS across several developing countries in Asia-Pacific.
Browse Report Description with detailed TOC on Global Intelligent
The increasing environmental pollution is also supporting the growth of the global intelligent transportation system market. The intelligent transportation system is able to minimize the adverse environmental impacts on human health. The implementation of intelligent transportation system also leads to improvement in air quality.
The information and data in the publication Global Intelligent Transportation System (ITS) Market Size, Share, Development, Growth and Demand Forecast to 2020 Industry Insights by System (Advanced Traffic Management System, Cooperative Vehicle Systems, Advanced Transportation Pricing Systems, Advanced Public Transportation System, and Advanced Traveler Information System), by Application (Environment Protection, Public Transportation, Traffic Management, Road User Charging and Others) represent the research and analysis of data from various primary and secondary sources.
The cooperative vehicle system accounts for the smallest share in the system segment of the global market, however the category is expected to grow with the highest rate (13.7% CAGR) during the forecasted period. The highest growth rate of cooperative vehicle system is due to increasing need for improving energy efficiency of road transportation.
The major companies operating in the market include Thales SA, Kapsch TrafficCom AG, TomTom International BV, Nuance Communications Inc., Q-Free ASA, Denso Corporation, Efkon AG, TransCore LP, and Savari Inc.
INTELLIGENT TRANSPORTATION SYSTEM MARKET SEGMENTATION
By System
Advanced Traffic Management System
Cooperative Vehicle System
Advanced Public Transportation System
Advanced Traveller Information System
Advanced Transportation Pricing Systems
By Application
Environment Protection
Public Transportation
Traffic Management
Road User Charging
Others
GEOGRAPHICAL SEGMENTATION
By Geography
North America
o The U.S.
o Rest of North America
Europe
o Spain
o Germany
o Italy
o Netherland
o The U.K.
o Rest of Europe
Asia-Pacific
o China
o Japan
o Australia
o Rest of Asia-Pacific
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, were keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including: