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Intelligent Transportation System Market Forecast by Major Players: Affiliated Computer Services, Denso Corporation, Agero, Addco, Ricardo Plc, Lanner Electronics, Sensys Network,Atkins, Efkon, Telenav, Prismtech, Ricardo

09-26-2018 09:07 AM CET | Logistics & Transport

Press release from: Global Market Insights, Inc.

Intelligent Transportation System (ITS) Market

Intelligent Transportation System (ITS) Market

Market Overview: -

As per a new research report by Global Market Insights, Inc. Intelligent Transportation System Market is expected to grow at 13% to cross USD 45 billion by 2022. Diminishing transportation arrangement, less development space and expanding number of vehicles in metropolitan zones are driving the integration of intelligent transportation systems for enhancing execution of existing structure. he is expanding number of urban communities and the populace development is expanding the significance of implementing a savvy transport framework. ATMS ITS market size was the leading product segment and was valued USD 7.1 billion in 2014, with forecast of USD 18.4 billion by 2022, at a CAGR of 12.7%. These systems are deployed in order to ensure proficient use of road space and reduce congestion.

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Top Key Players:

Industry participants in intelligent transportation system market include Affiliated Computer Services, Denso Corporation, Agero, Addco, Ricardo Plc, Lanner Electronics, Sensys Network,Atkins, Efkon, Telenav, Prismtech, Ricardo, etc. The intelligent transportation system market is fairy competitive with few top players acquiring considerable share.

Market share calculation in this report is not done based on companies covered in it. The calculation of intelligent transportation system market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

North America leads the regional demand with market share of 41.52% in 2014. Stringent government norms have boosted the demand in this region over the forecast period. Asia Pacific region is expected grow at high rates compared to other regions. The region is expected to grow at a CAGR of 13.9% up to 2022.

Asia Pacific will exhibit substantial growth in the intelligent transportation system market owing to significant adoption of the technology in countries such as China, India, Brazil. The developing countries in this region are benefitted in terms of improved supply chain processes which is improving the economic benefits.

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Partial Chapter of the Table of Content

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.1.1. Initial data exploration
1.1.2. Statistical modeling and forecast
1.1.3. Industry insights and validation
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Intelligent transportation system industry 360° synopsis, 2012 - 2022
Chapter 3 ITS Industry Insights
3.1 Industry Segmentation
3.2 Industry Size and forecast, 2012 - 2022
3.3 Industry ecosystem analysis
3.4 Industry Impact forces
3.4.1. Growth drivers
3.4.2. Industry pitfalls & challenges
3.5 Growth potential analysis
3.6 Porter's analysis
3.7 ITS company market share analysis, 2014
3.8 PESTEL analysis
Chapter 4 ITS Product Insights
4.1 ITS market share by product, 2014 & 2022
4.2 ATIS
4.2.1. Market estimates and forecast, 2012-2022
4.2.2. Market estimates and forecast, by region, 2012-2022
4.3 ATMS
4.3.1. Market estimates and forecast, 2012-2022
4.3.2. Market estimates and forecast, by region, 2012-2022
4.4 ATPS
4.4.1. Market estimates and forecast, 2012-2022
4.4.2. Market estimates and forecast, by region, 2012-2022
4.5 APTS.
4.5.1. Market estimates and forecast, 2012-2022
4.5.2. Market estimates and forecast, by region, 2012-2022
4.6 Cooperative vehicle systems
4.6.1. Market estimates and forecast, 2012-2022
4.6.2. Market estimates and forecast, by region, 2012-2022

Browse Full Report @ https://bit.ly/23YJJ1T

Advanced traffic management system (ATMS) market was valued at over USD 7 billion in 2014 and is estimated to cross USD 18 billion by 2022. ATMS implementation results in reduced accidents & roadway vulnerabilities and effective use of road space. Advanced public transportation systems (APTS) segment is projected to grow with more than 13% CAGR. APTS is increasingly developed to differentiate products from the competitors.

By application, road user charging segment is expected to exhibit growth over 12% during forecast period. Other applications include vehicle detection systems, ramp metering, automotive telematics and parking management systems. These systems facilitate reliable road networks and enhanced operational performance.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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