Radio Modem Market for ITS Application by Frequency Band - 2020

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MarketsandMarkets Presents
Radio Modem Market for ITS Application by
Frequency Band , Communication Channel ,
Operating Range, Application and Geography -
Global Forecast to 2020 The global radio modem
market for ITS application is estimated at USD
105.1 Million in 2015, and is expected to grow at
a CAGR of 8.9 to 2020, to reach USD 160.8
Million.
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Cost efficiency and reliability will drive the
radio modem market growth The demand for radio
modems in ITS is increasing because radio modems
require minimal infrastructure for facilitating
communication and ensuring delivery of data,
voice, and video in the most cost-effective and
reliable manner. Radio modems are also useful in
data communication within a large geographic
area, where wired data communication is not
viable due to high costs involved. Radio modems
are also required to facilitate ITS for
implementing wireless networks that are
cost-effective and flexible. Sample pages of the
Report http//www.marketsandmarkets.com/requests
ample.asp?id47105297 Government and defense
vertical contributes maximum market share The
government defense vertical is expected to
contribute the largest market share to the radio
modem market. Banking, financial services and
insurance (BFSI) sector is expected to grow with
the highest rate from 2015 to 2020, in the radio
modem market for ITS application. The market is
also projected to witness growth in healthcare
and IT telecom sectors during the forecast
period.
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North America expected to contribute the largest
market share, APAC to grow the fastest North
America is expected to have the largest market
share and dominate the market from 2015 to 2020.
The U.S. is the major driving factor for the
growth of this regional market. Use of four
wheeler and heavy vehicles is very high in North
America. Thus, the requirement of an effective
transportation system is very high in North
American countries. In 2014, North America ranked
first in the deployment of various ITS systems
such as advanced transportation management
system, advanced traveler information system,
ITS-enabled pricing system, and commercial
vehicle operation, among others. APAC is the
fastest-growing market in terms of deployment of
intelligent transportation systems. Report
Information http//www.marketsandmarkets.com/Ma
rket-Reports/radio-modem-market-47105297.html Som
e of the key players in the radio modem market
for ITS application covered in this report are
Adeunis RF (France), Arada Systems, Inc. (U.S.),
ATIM Radiocommunications (France), Autotalks Ltd.
(Israel), BB Electronics Manufacturing Co.
(U.S.), Campbell Scientific Inc. (U.S.), Cohda
Wireless (Australia), Kapsch TrafficCom AG
(Austria), Motorola Solutions, Inc. (U.S.) Q Free
ASA (Norway), Satel Oy (Finland), Schneider
Electric SE (France), Wood Douglas Limited
(U.K.), among others.
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