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(USGovernment-News.Com, November 15, 2017 ) Intelligent transportation systems (ITS) is integrated application of information and communication technologies with an aim to provide highly efficient transportation related services and traffic management. In addition, ITS aids in improving the operational efficiency, enhancing road safety, maintaining sustainability of transportation networks and reducing traffic congestion. Various elements such as sensors, telematics, communication devices, and other data analysis applications form the integral components of an Intelligent transportation system. Intelligent transportation system can be widely deployed in various applications as it makes use of parking availability system, collision avoidance system, and traffic enforcement camera among others.
The major factor hindering the global ITS market is the slow growth of intelligent infrastructure owing to high installation cost for monitoring and controlling devices. Another key factor restricting the global ITS market is the lack of standardization and interoperability between different types of transportation and telecom technologies. However, the introduction of smart vehicles enabled with intelligent transportation system is expected to provide better driving experience, and is thus expected to contribute significantly towards the growth of the global ITS market. Another factor analyzed to propel the growth of intelligent transportation systems is public private partnerships (PPP) for advanced traffic management. Also, initiatives such as vehicle to infrastructure (V2I) and vehicle to vehicle (V2V) communication are estimated to be key factors boosting the global intelligent transportation system market.
Global Intelligent Transportation System Market Players:
- Agero, Inc.
- Xerox Corporation
- Lanner Electronics Incorporated
- Nuance Communications, Inc.
- Denso Corporation
- Q-Free ASA
- Siemens AG
- Hitachi, Ltd.
- WS Atkins PLC
- EFKON AG
- Iteris, Inc.
- Garmin Ltd.
- Telenav, Inc.
- TomTom International BV
- Kapsch TrafficCom AG
- Thales Group
- TransCore, LP
- Addco LLC
- Ricardo plc
- Sensys Networks, Inc.
Key questions answered in this report
- What will the market size be in 2025 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?
Few Point in Table of Content
8 Global Intelligent Transport System Market Revenue and Forecasts to 2025 - Systems
8.1 Overview
8.1.1 Segment Share (%), 2014 & 2025
8.2 Advanced Traveler Information System (ATIS)
8.3 Advanced Public Transportation System (APTS)
8.4 Advanced Traffic Management System (ATMS)
8.5 Advanced Transportation Pricing System (ATPS)
8.6 Commercial Vehicle Operation (CVO)
8.7 ITS-Enabled Transportation Pricing System
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