Intelligent Transport System Market: Rising Demand for Better Transportation Infrastructure with Top Key players and Global Forecast to 2025

Global Intelligent Transport System Market Projected for USD 19.38 billion in 2017 and is projected to grow at a CAGR of 7.1% the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Global Intelligent Transportation System Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of intelligent transportation system market for global, Europe, North America, Asia Pacific and South America.

Market Segmentation: Global Intelligent Transport System Market

The Global Intelligent Transport System Market is Segmented Based on:-

• Component,
• System,
• Application And
• Geographical Segments.

Based on Component, the global intelligent transportation system market is segmented into:-

• Hardware,
• Software And
• Services.

Based on System, the global intelligent transportation system market is segmented into:-

• Advanced Traffic Management System,
• Advanced Traveler Information System,
• Its-Enable Transportation Pricing System,
• Advanced Public Transportation System And
• Commercial Vehicle Operation.

Based on Application, the global intelligent transportation system market is segmented into:-

• Fleet Management And Asset Monitoring System,
• Intelligent Traffic System,
• Collision Avoidance System,
• Parking Management System,
• Passenger Information System,
• Ticketing Management System,
• Emergency Vehicle Notification System and
• Automotive Telematics System.

Based on Geography the global intelligent transportation system market report covers data points for 28 countries across multiple geographies namely:-

• North America &
• South America,
• Europe,
• Asia-Pacific and,
• Middle East & Africa.

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Market Drivers:

• Development of smart vehicles.
• Rising demand for better transportation infrastructure due to technological disruptions.
• Growing number of smart cities.

Market Definition: Global Intelligent Transport System Market

Intelligent transportation system (ITS) is the use of detecting, examination, control and correspondences innovations to ground transportation to enhance wellbeing, portability and proficiency. ITS incorporates an extensive variety of uses that offer data to ease blockage, enhance movement administration, limit ecological effect and increment the advantages of transportation to business clients and people in general. Intelligent transportation system is a part of the Internet of Things, includes vehicle-to-vehicle (V2V) and vehicle-to-framework (V2I) innovation and joins both remote and wire line interchanges based data and hardware advancements. Remote innovation is utilized to interface vehicle data and area to different vehicles, other transportation modes, (for example, people on foot or bicyclists), nearby foundation and remote framework in the cloud. ITS is significantly affecting transportation in applications, for example, electronic toll gathering, slope meters, activity light cameras, movement flag coordination, travel flag need and voyager data systems. The appropriation of ITS is required to increment in applications, for example, armada checking, tolling administration, ticket administration, transportation estimating, telematics and movement observing. Key recipients of ITS security enhancements and also the accessibility of ongoing data and examination are voyagers, organizations and transportation offices. Information from ITS likewise has country security applications.

Key Players: Global Intelligent Transport System Market

Some of the dominant players in global intelligent transportation system market are:-

• Thales Group,
• Siemens AG,
• Garmin Ltd.,
• Kapsch Trafficcom,
• Tomtom International BV,
• Q-Free ASA,
• Denso Corporation,
• Efcon AG,
• Lanner Electronics,
• Savari Inc.,
• Transcore Inc.,
• Iteris Inc.,
• Atkins Group,
• Ricardo plc.,
• 3M,
• Hitachi,
• Nuance Communications Incorporation,
• Telenav Inc. and
• Lanner Electronics Inc.

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