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Intelligent Transportation System (ITS) Market – Global Industry Analysis Report, Share, Size, Growth, Price Trends and Forecast, 2022

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Request for a sample of this research report @ Intelligent Transportation Systems (ITS) Market size is predicted to touch $47.5 billion by end of 2022 and register CAGR of more than 13% during forecast timeframe. Factors like performance improvement of transportation systems and growing road safety requirements are predicted to promote the demand for these systems. Many initiatives are taken to deploy modern traffic management systems and enhance consciousness about significance of road safety. Intelligent transportation systems are modern applications offering new services related with various transportation & traffic management modes and help clients make safe, smart and coordinated use of transportation networks. Further growing requirements for interoperability is predicted to promote industry growth during forecast timeframe. – PowerPoint PPT presentation

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Title: Intelligent Transportation System (ITS) Market – Global Industry Analysis Report, Share, Size, Growth, Price Trends and Forecast, 2022


1
Intelligent Transportation System (ITS) Market
Global Industry Analysis Report, Share, Size,
Growth, Price Trends and Forecast, 2022
Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
2
Overview
  • Intelligent Transportation Systems (ITS) Market
    size is predicted to touch 47.5 billion by end
    of 2022 and register CAGR of more than 13 during
    forecast timeframe. Factors like performance
    improvement of transportation systems and growing
    road safety requirements are predicted to promote
    the demand for these systems. Many initiatives
    are taken to deploy modern traffic management
    systems and enhance consciousness about
    significance of road safety.
  • Intelligent transportation systems are modern
    applications offering new services related with
    various transportation traffic management modes
    and help clients make safe, smart and coordinated
    use of transportation networks. Further growing
    requirements for interoperability is predicted to
    promote industry growth during forecast timeframe.

3
Product Trends
  • Intelligent transportation systems are segmented
    into two types- ATMS (Advanced Traffic Management
    System) and APTS (Advanced Persistent Threat
    System).
  • ATMS segment size was evaluated at more than 6
    million for 2014 and is predicted to touch 18.39
    billion by end of forecast timeframe. This system
    helps in identifying weather conditions, avert
    accidents and road susceptibility. The device is
    integrated with traffic control system that helps
    in reduction of congestion and ensures effective
    utility of road space.
  • APTS segment helps in growing the efficacy and
    improve total security. It is predicted to
    register CAGR of more than 13.1 during forecast
    period. Its main applications are bus arrival
    notification system, passenger information system
    and vehicle tracking system.

4
Application Trends
  • Different traffic management systems are vehicle
    detection systems, bridge traffic management
    systems and ramp metering. They provide
    consistent road networks and improve operational
    performance.
  • Road pricing segment is predicted to register
    CAGR of 12 during forecast period. It is
    predicted to lead the intelligent transportation
    systems (ITS) market due to innovative technology
    solutions like high occupancy toll lanes and
    vehicles miles travelled.

5

Browse Full Market Research Report Intelligent
Transportation System (ITS) Market _at_
https//goo.gl/alKRKq s//goo.gl/ip6Hl6 Request
for a Sample of this Research report _at_
https//www.fractovia.org/request-purchase/138
6
Regional Trends
  • APAC intelligent transportation systems (ITS)
    market size is anticipated to expand
    substantially due to increasing modernization in
    sensor technology along with its growing
    acceptance in nations like China and India.
  • Latin America industry size is predicted to
    increase by more than 13.1 in future. North
    America intelligent transportation systems (ITS)
    market share was evaluated at more than 7
    billion for 2014. Favorable regulatory policies
    along with promotional events are predicted to
    enhance the demand of the systems in the region.
  • European commission has taken various initiatives
    for investing in eSafety, EasyWay and Galileo.
    This is further anticipated to promote the
    industry growth in Europe. Germany intelligent
    transportation systems (ITS) market size is
    predicted to grow at more than 11 during the
    forecast timeframe.

7
U.S. ITS market size by application, 2012-2022
(USD Million)

8
Competitive Trends
  • Key industry players profiled in the report
    include Hitachi Limited, Agero Incorporation,
    Siemens AG, Sensys Networks Incorporation, Q-Free
    ASA, Garmin International Incorporation, WS
    Atkins PLC, TomTom NV, Denso Corporation, IBM
    Corporation, ADCCO LLC, EFKON AG, Kapsch
    TrafficCom AG, Nuance Communications, Iteris
    Incorporation, Lanner Electronics Incorporation,
    SWARCO AG, Ricardo PLC, Telenav Incorporation,
    Thales Group, TransCore Incorporation and Xerox
    Corporation.
  • The intelligent transportation systems (ITS)
    market is competitive with top ten industry
    players contributing to major share of the global
    industry in 2014.

9
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