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

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

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Market Size - $ 18.04 Billion in 2014, Market Growth - CAGR of 13%, Market Trends –Increasing wireless communication technology development – PowerPoint PPT presentation

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


1
Intelligent Transportation System (ITS) Market
2015 2022
2
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

3
Continue.....
  • 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

4
U.S. ITS market size by application, 2012-2022
(USD Million)
https//www.gminsights.com/industry-analysis/intel
ligent-transportation-system-ITS-market
5
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.

6

Latest Research Report On Intelligent
transportation system (ITS) market
_at_ https//www.gminsights.com/industry-analysis/int
elligent-transportation-system-ITS-market
Download Latest Report PDF _at_
https//www.gminsights.com/request-sample/detail/1
78
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Stay In Touch You can visit us at
www.gminsights.com
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