Intelligent Transportation System (ITS) Market size worth USD 47.6 Billion by 2022: Global Market Insights, Inc.

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Intelligent Transportation System (ITS) Market
2015 2022
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Global Market Scenario of Intelligent
Transportation System (ITS)

• Intelligent transportation system (ITS) market
  size is expected to reach USD 47.5 billion by
  2022, growing at a CAGR of over 13 from 2015 to
  2022.
• Attributes such as performance enhancement of
  transportation system along with the need for
  road safety is expected to drive the industry
  demand.
• ATPS market was valued at USD 4.8 billion in
  2014 and is likely to be worth USD 13.2 billion
  by 2022, growing at over 13. High cost ratio and
  improved supply chain process offered by
  deployment of these systems has granted economic
  benefits in emerging countries including Brazil,
  India, China, South Africa and Russia.
• https//www.gminsights.com/industry-analysis/int
  elligent-transportation-system-ITS-market

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• Developed markets such as North America and
  Europe have mandated the usage of ESC (electronic
  stability control) systems, a driver assistance
  system in commercial as well as passenger
  vehicles.
• Proliferating applications of these systems is
  anticipated to positively impact intelligent
  transportation system market growth over the
  several upcoming years. Increasing death rate due
  to rising road traffic has incurred high cost and
  is likely to account for around 2 of the
  countrys gross domestic product (GDP).
• Rising needs for interoperability is projected
  to drive the intelligent transportation system
  market growth over the forecast period.
• https//www.gminsights.com/industry-analysis/intel
  ligent-transportation-system-ITS-market

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U.S. ITS market size by application, 2012-2022
(USD Million)
https//www.gminsights.com/industry-analysis/intel
ligent-transportation-system-ITS-market
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360 Analysis
Application Analysis Various traffic management
systems include bridge traffic management
systems, ramp metering and vehicle detection
systems. They help in enhancing operation
performance and also offer reliable road
networks. Regional Analysis Asia Pacific
intelligent transportation system market size is
predicted to experience significant growth owing
to rising advancements in sensor
technologies. North America ITS market share was
valued over USD 7 billion in 2014. Competitive
Market Share The industry is fairly competitive,
with the top ten industry participants accounting
for major intelligent transportation system
market share in 2014. Notable participants
include Kapsch TrafficCom, Siemens AG, Hitachi
Ltd., Q-Free ASA, SWARCO AG, TomTom NV, Garmin
International, Denso, IBM Corp, and Xerox Corp.

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Latest Research Report On Intelligent
transportation system (ITS) market
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elligent-transportation-system-ITS-market
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