Press release
Growing Global Intelligent Transportation System Market Looks to Standardization of Wireless Technologies, Set to Rise to US$30.2 bn by 2019
In the coming years, Asia Pacific is anticipated to foster ample growth opportunities for the market players. The major companies in the market are investing heavily in this region owing to the increased demand from countries such as India, China, Thailand, and Malaysia. Furthermore, economic development in the Middle East, South America, and Africa is also anticipated to aid the demand for intelligent transportation systems.
Browse Market Research Report @
http://www.transparencymarketresearch.com/intelligent-transportation-system-market.html
Growing Investment in Electronic Fare Collection and Dynamic Display Systems to Drive Demand for ATPS
Among the key types of intelligent transportation system, advanced transportation management systems (ATMS) have accounted for the largest share in the market owing to the rising demand for traffic control solutions such as adaptive signaling systems. “In the near future, the demand for advanced transportation pricing systems (ATPS) is expected to surge due to increase in investments in dynamic display systems and electronic fare collection,” TMR report states.
Standardization of Wireless Technologies Holds Immense Potential for Growth of Global Intelligent Transportation Systems Market
The growing demand to improve road safety is one of the primary factors behind the growth of the global intelligent transportation system market. The data released by the World Health Organization reveals that about 1.24 mn people die every year due to road traffic accidents. According to the National Safety Council, in the U.S. alone, deaths due to road traffic accidents had surged by 14% during the first half of 2015. The rise in the number of vehicles across metropolitan areas has increased the demand for upgrade of the existing transportation networks. The various benefits offered by intelligent transport systems including reduced fuel consumption and travelling delays, and decrease in the number of road accidents have led to their increased adoption by traffic management authorities across nations.
However, economic slowdown worldwide has negatively impacted the funding for intelligent transportation systems. The lack of interoperability between existing infrastructure and advanced intelligent transportation systems might play spoilsport in the market’s growth. “The growing prevalence of standardization of wireless technologies holds immense potential for the intelligent transportation systems market across the globe,” TMR report states.
Fill the form for an exclusive sample of this report @
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1637
The global intelligent transportation system market is anticipated to expand at a CAGR of 11.1% during the period between 2013 and 2019. The valuation of the market is projected to touch US$30.2 bn by the end of the forecast horizon.
About Us :
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business Contact.
Contact Us :
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Growing Global Intelligent Transportation System Market Looks to Standardization of Wireless Technologies, Set to Rise to US$30.2 bn by 2019 here
News-ID: 515457 • Views: …
More Releases from TMR - Research Reports
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during…
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the…
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016.
The global dental membrane and bone graft substitutes market is expected to…
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period.
By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment…
More Releases for Growing
Smart Pneumatics Market Global Growing Trends by 2028 - Growing Awareness toward …
Smart Pneumatics Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Component (Hardware, Software, Services); Type (Smart Pneumatic Valves, Smart Pneumatic Actuators, Smart Pneumatic Modules); Industry (Oil and Gas, Energy and Power, Water and Wastewater, Automotive, Semiconductor, Food and Beverages, Chemicals, Pharmaceuticals) and Geography
Smart pneumatics is heavily influenced by driving factors such as growing awareness toward predictive maintenance, penetration of digitization and iiot, demand for…
E-Commerce Packaging Market is Growing Due to Growing Popularity of Smart Packag …
The growing popularity of smart packaging, increasing demand for protective packaging and secondary packaging are some of the major factors driving the growth of the E-commerce packaging market. However, the need for e-commerce packaging to comply with strict regulations, increasing environmental concerns for safety, complex supply chain, and difficulties in optimizing packaging size may restrain the growth of the e-commerce packaging market over the forecast period. The striking offers in…
Home Medical Equipment Market Is Growing with the Growing Geriatric Population
Home medical equipment refers to cost-effective medical devices that help provide safe and effective treatment to patients in the comfort of their home. It is a group of specialized devices used for patients whose medical care is being administered in a home or other personal setting; managed either by a caregiver or non-medical caregiver. The home medical equipment market growth is mainly driven by the increasing prevalence of chronic diseases…
DetailXPerts: A Growing Franchise System with Growing Territories
DetailXPerts is about to expand further its operations and territorial outreach, company executives revealed last week. More company-owned locations will be opening up throughout the US, covering new geographic areas and expanding on current ones. The growth in operations will ensure the company’s ability to answer the growing customer demand for top-notch professional detailing services. Additionally, it will fuel the growing franchise system as more and more qualified individuals are…
Retail Automation Market: Growing Adoption of Innovative and Efficient Technolog …
Retail automation solutions offer several advantages including accuracy, low cost, speed, and high performance primarily in the retail sector. This is a key factors fuelling growth of the retail automation market. Implementation of automated solutions in retail industry is the major factor propelling growth of the retail automation market. The retail automation systems are increasingly used in numerous end users including supermarkets, hypermarket, single item stores, and fuel station.
Browse The…
Global Biosimilar Market growing from USD 3.5 billion to growing CAGR of 27.0%
The Biosimilar Market report contains the necessitated information about market definition, classifications, applications and engagements for the Chemical and Materials industry market that are crucial to gain an upper hand in the market. Besides, the report also contains the company profiles of all the players mentioned above while explaining the drivers and restraints of the market with the help of SWOT analysis.
The global biosimilar market accounted to USD 3.5…
