Title: Intelligent Transportation System (ITS) Market size worth USD 47.6 Billion by 2022: Global Market Insights, Inc.
1Intelligent Transportation System (ITS) Market
2015 2022
2Global 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
3Continue.....
- 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
4U.S. ITS market size by application, 2012-2022
(USD Million)
https//www.gminsights.com/industry-analysis/intel
ligent-transportation-system-ITS-market
5360 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.
6 Latest Research Report On Intelligent
transportation system (ITS) market
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elligent-transportation-system-ITS-market
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