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Analuse Global Intelligent Transportation System (ITS) Market - Size, Share, Development, Growth and Demand in Upcoming Years
Global Intelligent Transportation System (ITS) Market
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The increasing environmental pollution is also supporting the growth of the global intelligent transportation system market. The intelligent transportation system is able to minimize the adverse environmental impacts on human health. The implementation of intelligent transportation system also leads to improvement in air quality.
The environmental burden of new road infrastructure can be minimized with the help of intelligent transportation system, which manages the existing road network. Vehicle emissions can be reduced to a great extent by improving the traffic flow with the use of improved network management techniques, offered through the intelligent transportation system.
The cooperative vehicle system accounts for the smallest share in the system segment of the global ITS market, however the category is expected to grow with the highest rate (13.7% CAGR) during the forecasted period. The highest growth rate of cooperative vehicle system is due to increasing need for improving energy efficiency of road transportation.
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The major companies operating in the intelligent transportation system market include Thales SA, Kapsch TrafficCom AG, TomTom International BV, Nuance Communications Inc., Q-Free ASA, Denso Corporation, Efkon AG, TransCore LP, and Savari Inc.
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