Intelligent Transportation System (ITS) Market Growth and Business Opportunities for Manufacturers: ADCCO LLC, Agero Inc, DENSO Corporation, EFKON AG, Hitachi Ltd, Nuance Communications Inc

Crystal Market Research has announced the addition of "Intelligent Transportation System (ITS) Market by Type and Application - Global Industry Analysis and Forecast to 2022" Market Research report to their database.

The global Intelligent Transportation System (ITS) market was worth USD 14.58 billion in the year 2012 and is expected to reach approximately USD 28.45 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 6.91% during the forecast period.

Competitive Insights

The leading players in the market are Q-Free, Iteris Inc, Garmin International Inc, Kapsch TrafficCom AG, TomTom and Thales Group. Item advancement alongside mergers and acquisitions are the key procedures adopted by industry players. For example, Agero Inc. reported an association with Cambridge Mobile Telematics to create accident management solutions on real-time basis.

TOP MOST PLAYERS:

• ADCCO LLC

• Agero Inc

• DENSO Corporation

• EFKON AG

• Hitachi Ltd

• Nuance Communications Inc

• Garmin International Inc

• Iteris Inc

• Kapsch TrafficCom AG

• Lanner Electronics Inc

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Industry Outlook and Trend Analysis

Intelligent Transportation System (ITS) is a blend of information technology and communication with transportation systems which builds the productivity of transport process and enhances traveler security. A proficient transportation system positively affects the low number of road mishaps, decrease in debilitate discharges and less travel time. Systems as such give comfort to explorers in the case of driving a vehicle independently or utilizing open transport. The requirement for incorporated versatile systems in public transit has been on the ascent because of worries of public safety. Contemporary transportation providers are seeking after flexible vehicle computing systems incorporating portable surveillance, monitoring and tracking to guarantee the security of their travelers and simplify implementation procedure. Nations, for example, India and France are concentrating on usage of these systems attributable to rising interest for enhanced traffic conditions and travel comfort for drivers and in addition pedestrians. The usage of data on real time basis to encourage better choices alongside the requirement for management of traffic focuses will empower clients to react productively, consequently expanding the interest for intelligent transportation systems.

The business players are concentrating on improving the capacity and innovation of their items and administrations inferable from the existence of several competitors. For example, in July 2016, NXP Semiconductors N.V. and eSSys declared innovation organization in cutting edge Cooperative Intelligent Transportation System (C-ITS) venture proposed by Korean Ministry of Land, Infrastructure and Transport.

Market Classification

Intelligent Transportation System (ITS) Market, By Type, Estimates and Forecast, 2012-2022 ($Million)

• ATIS

• ATMS

• ATPS

• APTS

• Cooperative vehicle system

Intelligent Transportation System (ITS) Market, By Application

• Traffic Management

• Road Safety and Security

• Freight Management

• Public Transport

• Environment Protection

• Automotive Telematics

• Parking Management

• Road User Charging

Intelligent Transportation System (ITS) Market, By Region

• North America (U.S, Canada, Mexico)

• Europe (Germany, France, UK, Italy, Spain, Rest of Europe)

• Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia Pacific)

• Rest of the World (Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others)

Regional Outlook and Trend Analysis

In 2015 Asia Pacific represented more than 23 percent income share and is expected to be the quickest developing area inferable from the adoption of ITS in Hong Kong, India, and Australia. Government controls and principles for ITS to deploy self-driving autonomous cars is boosting the requirement for systems like these in the district. For example, in the Republic of Korea, the distribution of ITS has expanded the average traffic speed by 20 percent. In 2015 North America ruled the market attributable to the instigating requirement from public and private division in the United States Government activities and arrangement of security advancements in business vehicles has expanded the buyer base over recent years.

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FEATURES OF THE REPORT:

1. The analysis of Intelligent Transportation System (ITS) market, their Growth, Demand, position, size and share from different regions are mentioned in detailed.

2. The key players in the market and their share in the global market are discussed.

3. The new strategic plan and suggestions that will help old as well as new market players to maintain the competitiveness are also discussed.

4. The Intelligent Transportation System (ITS) market report provides some important points related to growth factors, challenges, opportunities, end-user analysis and achievement and so on.

Continued…

Table of Contents:-

1. Introduction
1.1. Report Description
1.2. Research Methodology

2. Executive Summary
2.1. Key Highlights

3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Need for Road Safety
3.2.1.2. Cost-Effectiveness
3.2.1.3. Performance Enhancement of Transportation System
3.2.2. Restraints
3.2.2.1. Need for Interoperability
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities

4. Intelligent Transportation System (ITS) Market, By Type
4.1. Introduction
4.2. Intelligent Transportation System (ITS) Market Assessment and Forecast, By Type, 2012-2022
4.3. ATIS
4.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.4. ATMS
4.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.5. ATPS
4.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.6. APTS
4.6.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.7. Cooperative Vehicle System
4.7.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

5. Intelligent Transportation System (ITS) Market, By Application
5.1. Introduction
5.2. The Intelligent Transportation System (ITS) Market Assessment and Forecast, By Application, 2012-2022
5.3. Traffic Management
5.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.4. Road Safety and Security
5.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.5. Freight Management
5.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.6. Public Transport
5.6.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.7. Environment Protection
5.7.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.8. Automotive Telematics
5.8.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.9. Parking management
5.9.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.10. Road user charging
5.10.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

…CONTINUED FOR TOC

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