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

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Intelligent Transportation System (ITS) Market Global
Industry Analysis Report, Share, Size, Growth, Price Trends
and Forecast, 2022: Fractovia.Org
Intelligent Transportation Systems (ITS) Market size is predicted to touch $47.5
billion by end of 2022 and register CAGR of more than 13% d uring forecast
timeframe. Factors like performance improvement of tran sportation 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.
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.
Applications 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 lea d the intelligent transportation systems (ITS) market due to
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innovative te chnology solutions like high occupancy toll lanes and vehicles miles
travelled.
U.S. ITS market size by application, 2012-2022 (USD Million)
Regional Trends
APAC intelligent transportation systems (ITS) market size is anticipated to expand
substantially du e 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 Eu rope.
Germany intelligent transportation system s (ITS) market size is predicted to grow at
more than 11% during the forecast timeframe.
Competitive Trends
Key industry players profiled in the report include Hitach i 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
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AG, Ricardo PLC, Telenav Incorporation, Thales Group, TransCore Incorporation
and Xerox Corporation.
To access sample pages or view this report titled, Intelligent Transportation System
(ITS) Market Size By Application (Road Safety and Security, Traffic Management,
Freight Management, Parking Management, Public Transport, Environment
Protection, Road User Charging, Automotive Telematics), By Product (ATMS, ATPS,
ATIS, APTS, Cooperative vehicle systems),Industry Analysis Report, Regional
Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast,
2015 2022in detail along with the table of contents, please click on the link below:
https://www.fractovia.org/news/industry-research-report/intelligent-transportation-system-its-
market
Global Market Insights has segmented the intelligent transportation system ITS industry on
the basis of application, product and region:
Intelligent Transportation System Application Overview (Revenue, USD Million, 2012 -
2022)
o Road Safety and Security
o Traffic Management
o Freight Management
o Parking Management
o Public Transport
o Environment Protection
o Road User Charging
o Automotive Telematics
Intelligent Transportation System Product Overview (Revenue, USD Million, 2012 -
2022)
o ATMS
o ATPS
Segmentation of Atmospheric Water Generator (AWG) Market: