Intelligent Transportation System Market size forecast to grow with 13% CAGR to surpass 13% USD 47.6 billion by 2022 - PowerPoint PPT Presentation

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Intelligent Transportation System Market size forecast to grow with 13% CAGR to surpass 13% USD 47.6 billion by 2022

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Intelligent Transportation System (ITS) Market size is estimated to attain USD 47.6 billion by 2022, as per a new research report by Global Market Insights, Inc. Escalating need for road safety along with cost effectiveness is likely to boost global demand. Intelligent transportation system (ITS) improves supply chain course and yield high cost ratio. Increasing acceptance in emerging markets such as Russia, India, Brazil, South Africa and China has offered several economic advantages. Request for a sample of this research report @ – PowerPoint PPT presentation

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Title: Intelligent Transportation System Market size forecast to grow with 13% CAGR to surpass 13% USD 47.6 billion by 2022


1
Intelligent transportation system (ITS) Market
Size forecast to grow with 13 CAGR Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Intelligent Transportation
System (ITS) Market
  • Intelligent Transportation System (ITS) Market
    size is estimated to attain USD 47.6 billion by
    2022, as per a new research report by Global
    Market Insights, Inc. Escalating need for road
    safety along with cost effectiveness is likely to
    boost global demand.
  •  
  • ITS improves supply chain course and yield high
    cost ratio. Increasing acceptance in emerging
    markets such as Russia, India, Brazil, South
    Africa and China has offered several economic
    advantages. 
  • Rising needs for interoperability is projected to
    drive the intelligent transportation system
    market growth over the forecast period. It is a
    major issue for electronic toll collection
    systems (ETC), owing to difference in toll
    collection technologies implementations by
    operators across the globe
  •  
  •  

3
Continued...
  • For instance, in Europe, dedicated short range
    communications (DSRC) and GPS/GSM technology is
    employed for ETC systems for toll collection on
    highways. Conversely, this restraint is likely to
    be diminished by increasing standardization in
    services as well as the ITS market. 
  • 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).

4
U.S. ITS market size by application, 2012-2022
(USD Million)

5

Browse Full Market Research Report On
Intelligent Transportation System (ITS) Market _at_
https//www.gminsights.com/industry-analysis/intel
ligent-transportation-system-ITS-market Reques
t for a Sample of this Research Report _at_
https//www.gminsights.com/request-sample/detail/1
78
6
360 Analysis
  • Application Analysis
  • Attributes such as performance enhancement of
    transportation system along with the need for
    road safety is expected to drive the industry
    demand. Numerous initiatives are being undertaken
    in order to set up advanced traffic management
    systems and increase awareness regarding the
    importance of road safety measures.
  • 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. Favorable regulatory
    initiatives paired with promotional activities
    are likely to spur the demand growth in the
    region.
  • 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.


7
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