openPR Logo
Press release

Intelligent Transport System Market to grow at a CAGR of 12.2% Covering key players Nuance Communications, Inc., Sensys Networks, Inc., Garmin International, Inc, EFKON AG, Agero, Inc.

Intelligent Transport System Market

Intelligent Transport System Market

Global Intelligent Transport System (ITS) Market Is Anticipated To Reach USD 73.9 Billion By 2026. Owing to the growing concerns regarding the inclusion of safety measures and reducing the street mishaps, the intelligent transport system market is projected to gain traction over the forecast period.

Competitive Landscape-

Major industry players include Nuance Communications, Inc., Sensys Networks, Inc., Garmin International, Inc, EFKON AG, Agero, Inc., and WS Atkins PLC among others.

Get Free PDF Brochure for more Professional and Technical insights: https://www.polarismarketresearch.com/industry-analysis/intelligent-transport-system-market/request-for-free-sample

The implementation of intelligent transport systems to reduce the road accidents and street mishaps is one of the major driver for this market. The adoption for vehicle to vehicle and vehicle to infrastructure communication for helping in improvement of street security is presumed to gain pace throughout the forecast years. One of the restrictions to the market are the interoperability issues between the vehicle and the control units, however successful communication can be accomplished just by developing an up embedded technology that gives real time notifications.

The ITS frameworks also help to reduce carbon dioxide density in the air and greenhouse fumes in densely populated territories through traffic administration and therefore helps in lowering exhaust gases. Continuous fuel utilization is reduced by means of ITS as it helps in avoiding traffic blockage due to the real-time updates the driver receives.

The consistent development and improvement in the transportation system have turned into an essential need for advancement of street networking in the transportation frameworks. Advancements in vehicle transport technology, for example, blind spot location and electronic toll gathering has kept up the advancements of present and future prospects of practical traffic and transport administration.

For More Details Of Report, Table Of Content, Company Profiles @ https://www.polarismarketresearch.com/industry-analysis/intelligent-transport-system-market/

Key Findings from the study suggest the market for ITS in North America is expected to be the highest during the forecast period. ITS is also anticipated to be implemented in many developing countries of Asia Pacific which is helping the market to grow in this region. Asia Pacific is presumed to be the fastest developing region, growing at the highest CAGR during the forecast period. The application for ITS in Traffic management segment is projected to have a highest market share owing to the demand for limiting the traffic congestion and reducing the pollution levels.

The growing incorporation of the ITS frameworks has reduced transport-related issues in emerging economies such as India and China. The Advanced Traffic Management System (ATMS) segment is estimated to remain the biggest segment attributable to the rising need to get to real time data caught by cameras and sensors. This framework permits transport organizations to empower safety by recognizing and reacting quickly to the crises in real-time. Growing government concentration on passenger wellbeing and adoption by traffic administration for tasks and activities are driving the interest for intelligent transportation system.

Enquiry Before Buying @ https://www.polarismarketresearch.com/industry-analysis/intelligent-transport-system-market/inquire-before-buying

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

Contact us

Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: neel@polarismarketresearch.com
Web: www.polarismarketresearch.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 Intelligent Transport System Market to grow at a CAGR of 12.2% Covering key players Nuance Communications, Inc., Sensys Networks, Inc., Garmin International, Inc, EFKON AG, Agero, Inc. here

News-ID: 1301714 • Views: 688

More Releases from Polaris Market Research & Consulting

What's driving the Blockchain Technology Market Trends? Microsoft Corporation, I …
The worldwide market size for blockchain technology is estimated to grow at a CAGR of 41.6% between 2018 and 2026 and is anticipated to reach USD 16.82 billion by 2026. According to a new study published by Polaris Market Research. Also termed as Distributed Ledger Technology (DLT), blockchain enables secure transaction over a distributed network. Since the transactions are taken place usually over the network, it is difficult to reverse
What's driving the Precision Farming Market Trends? Ag Leader Technology, AgJunc …
The global precision farming/agriculture market was valued at 3,833 million in 2017 and is anticipated to reach over USD 13,016 million by 2026 with grow at a CAGR of more than 14.7% during the forecast period According to a new study published by Polaris Market Research. In 2017, the yield monitoring application dominated the global market, in terms of revenue. North America is expected to be the leading contributor to
What are the different trends in Electric Vehicles (EV) Market to boost its grow …
Polaris Market Research has new report published the addition of the “The global Electric Vehicles Market Worth $912 Billion By 2026 | CAGR: 38.4%”, the report classifies the global Electric Vehicles market in a precise manner to offer unearth valuable, accurate and reliable data insights that help organizations to meet their business objectives and enable growth Get PDF Sample of “Electric Vehicles Market”: https://www.polarismarketresearch.com/industry-analysis/electric-vehicles-ev-market/request-for-sample The global electric vehicles market is anticipated to
What are the different trends in Third Party Logistics Market to boost its growt …
Polaris Market Research has new report published the addition of the “The global third-party logistics market is anticipated to reach USD 1,337.91 billion by 2026”, the report classifies the global third-party logistics market in a precise manner to offer unearth valuable, accurate and reliable data insights that help organizations to meet their business objectives and enable growth according to a new report The report “Third Party Logistics (3PL) Market Share, Size,

All 5 Releases


More Releases for Intelligent

Intelligent Transportation System Market
Intelligent Transportation System Market – Global Industry Analysis and Forecast (2017-2026) – By Offering, by type, by Component, Application, and Geography Intelligent Transportation System Market was valued US$ 20.2 Bn in 2017 and is expected to reach US$ 40.5 Bn by 2026 at CAGR of 9.08% during forecast period. Intelligent Transportation System Market (ITS) is a computerized system with diverse applications connected with vehicle transportation. Also, it provides travelers with important information
Intelligent Tamper-Proof Packaging Market -
Water proof or air proof was the term used for considering leak proof packing of any commodity earlier. In today’s generation, it is tamper resistance. Basically it means to protect a product or package from internal malfunctioning or sabotage. The use of tamper protection features for our smartphone screens is for sealing food items, that, if exposed to the air for a longer time may get contaminated like that of
An intelligent factory
The company Barberini, founded by Pietro Barberini in 1963, today is the world leader for production of optical glass solar lenses, with exclusive and sophisticated technical features, used by various luxury brands. The company controls the entire production chain, from the raw materials to the finished lenses, with cutting-edge industrial sites in Italy, a glass melting plant in Germany, and advanced technologies to produce polarizing lenses for sunglasses. In Italy, Barberini
Intelligent RFID Platform - Bringing Wireless Scalability to Intelligent Sensing
An intelligent RFID platform is basically a part of RFID middleware that enables the development and deployment of RFID systems. The intelligent RFID platform absorbs differences in different RFID tags from multiple suppliers. It then integrates the data to build scalable and flexible RFID solutions. The intelligent RFID platform has tools for monitoring and maintaining RFID systems. An RFID system is a wireless technology that uses radio waves for gathering
Aliens Space Station | Intelligent Living
Aliens Space Station is distinguished by its highest quality construction, prime location, aesthetic appeal, functional design and optimum use of space where every apartment is a result of meticulous planning, incorporating best practices, adhering to a structured quality manual as per ISO norms and 700 quality checks- starting from incoming raw material checks to handover of the flats where you have 28 different floor plans to choose from. Space Station
Experience intelligent connected manufacturing
Trebing + Himstedt will present numerous live demos, from 3-D worker instructions, to shop floor analytics, to predictive maintenance, at the Hannover Trade Fair 2016 Schwerin, March 8, 2016 – Trebing + Himstedt, SAP MES expert for consulting, implementation and licensing of SAP solutions in the production environment, presents practical example applications for intelligently connected production based on SAP MES and IoT solutions. Visitors to the Hannover Trade Fair can experience