Intelligent Transportation System Market size forecast to exceed USD 47.5 Billion by next seven years - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

Intelligent Transportation System Market size forecast to exceed USD 47.5 Billion by next seven years

Description:

Global Market Insights announces the new study based market Report on intelligent transportation systems market. The ITS market size is predicted to hit USD 47.5 billion at a CAGR of over 13% from 2015 to 2022. The report covers in-depth analysis on the basis of region, application and competitive segmentation. The report focuses on all aspects of market with analysis of drivers, impediments, challenges, opportunities and its impact on the market scenario. – PowerPoint PPT presentation

Number of Views:42

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Intelligent Transportation System Market size forecast to exceed USD 47.5 Billion by next seven years


1
Intelligent Transportation System Market size
revenue worth USD 47.5 Billion by next seven
years Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Intelligent Transportation
System (ITS) Market
  • Global Market Insights announces the new study
    based market Report on intelligent transportation
    systems market. The ITS market size is predicted
    to hit USD 47.5 billion at a CAGR of over 13
    from 2015 to 2022. The report covers in-depth
    analysis on the basis of region, application and
    competitive segmentation. The report focuses on
    all aspects of market with analysis of drivers,
    impediments, challenges, opportunities and its
    impact on the market scenario.
  • Rising numbers of vehicles result in high traffic
    congestion and thus, necessitates highly
    developed public traffic management systems. ITS
    combines information and communication
    technologies used in traffic management and
    transportation systems, which helps reduce
    traffic congestion and thus enhance the safety,
    sustainability and efficiency of transportation
    networks. Increasing need for enhancing the
    existing transportation network performance and
    growing focus on the road is forecast to have a
    positive impact on the growth.

3
Continued...
  • The system is being extensively adopted in
    several verticals including collision avoidance
    systems, fleet management, weather condition
    detection, traffic monitoring systems, asset
    monitoring, automotive telematics, parking
    availability systems, variable traffic message
    signs, traffic enforcement cameras and traffic
    signal control systems.
  • ATMS market size is expected to witness
    substantial growth over USD 18.4 billion during
    the predicted time frame. APTS systems segment
    used in bus arrival notification systems, real
    time passenger information systems, etc. is
    anticipated to exhibit growth at a CAGR of over
    13 in next 7 years.

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

5

Browse Full Market Research Report Intelligent
Transportation System (ITS) Market _at_
http//bit.ly/23YJJ1T Read our Insightful Blog
_at_ http//bit.ly/2dgdfI7 Request for a Sample of
this Research report _at_ https//www.gminsights.com/
request-sample/detail/178
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
Stay In Touch Website www.gminsights.com Soci
al Media
About PowerShow.com