Press release
Global Intelligent Transportation System (ITS) Market : 2019 Market Strategy and Major Participants - Thales, Siemens, Garmin
An intelligent transportation system (ITS) is an advanced application which, without embodying intelligence as such, aims to provide innovative services relating to different modes of transport and traffic management and enable users to be better informed and make safer, more coordinated, and 'smarter' use of transport networks.
On the basis of application, the intelligent traffic control application held the largest share in 2017. This involves a much closer interaction between all of its constituents: drivers, pedestrians, public transportation, and traffic management systems. Adaptive signal systems, driver advisory and route planning, and automated vehicles are some of the goals set up to increase the efficiency of actual systems.
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North America held the largest share of the global ITS market in 2017, while APAC is the most promising region for the ITS market, and the market in APAC is expected to witness the highest CAGR because of the increasing number of megacities and the growing population in developed and developing countries.
In 2018, the global Intelligent Transportation System (ITS) market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Intelligent Transportation System (ITS) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Intelligent Transportation System (ITS) development in United States, Europe and China.
The key players covered in this study
Thales
Siemens
Garmin
Kapsch Trafficcom
Tomtom International
Cubic
Q-Free
Efkon
Flir Systems
Denso
Geotoll
Electricfeel
Doublemap
Bestmile
Nutonomy
Market segment by Type, the product can be split into
Advanced Traffic Management System
Advanced Traveler Information System
ITS-Enabled Transportation Pricing System
Advanced Public Transportation System
Commercial Vehicle Operation
Market segment by Application, split into
Fleet Management and Asset Monitoring
Intelligent Traffic Control
Collision Avoidance
Parking Management
Passenger Information Management
Ticketing Management
Emergency Vehicle Notification
Automotive Telematics
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Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Intelligent Transportation System (ITS) status, future forecast, growth opportunity, key market and key players.
To present the Intelligent Transportation System (ITS) development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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