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(USGovernment-News.Com, June 25, 2016 ) An intelligent transport system (ITS) is a sophisticated application that provides solutions relating to different modes of traffic and transport management. The traffic management process is rationalized with the optimization of quality and reduction of the costs incurred and the time of implementation of decisions. The different types of ITSs include advanced traffic management systems (ATMSs), public transport ITSs, freight and commercial ITSs, road user charging, ETC systems, security and crime reduction ITSs, road safety systems, ITS communications, and automotive and infotainment telematics. These solutions are used for many applications, especially by governments, and the construction sector municipal authorities. They are also used to prevent accidents, detect the location of vehicles, handle congestion, and control vehicle emission levels.
Technavios analysts forecast the global intelligent transport systems market to grow at a CAGR of 8.23% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the global intelligent transport systems market for the period 2016-2020. To calculate the market size, the report takes into account the total revenue generated from the different geographical regions.
The market is divided into the following segments based on geography: Americas APAC Europe ROW
New report, Global Intelligent Transport System Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors ADDCO Agero DENSO Garmin Hitachi International Road Dynamics Lanner Metro Infrasys Mitsubishi Heavy Industries Omron Perceptics SAIC Sensys Gatso Group Telenav TomTom TRMI Systems Integration Watchdata Technologies Xerox
Market driver Growing need for public safety For a full, detailed list, view our report
Market challenge Increasing sophistication of safety and security threats For a full, detailed list, view our report
Market trend Smart vehicles on smart roads For a full, detailed list, view our report
Key questions answered in this report What will the market size be in 2020 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
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