Press release
Intelligent Transportation System (ITS) Market offers huge growth opportunities for the future | Q-Free, Iteris Inc, Garmin International Inc, Kapsch TrafficCom AG, TomTom
Intelligent Transportation System (ITS) Market
Highlights:
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.
Industry Updates:
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.
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Competitive Insights:
The leading players in the market are Q-Free, Iteris Inc, Garmin International Inc, Kapsch TrafficCom AG, TomTom andThales 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.
The global Intelligent Transportation System is segmented as follows-
By Type-
Cooperative vehicle system
ATMS
APTS
ATIS
ATPS
Others
By Application-
Environment protection
Traffic management
Road user charging
Road safety and security
Automotive telematics
Freight management
Public transport
Parking management
Regional Insights:
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
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. Agero Inc. reported an association with Cambridge Mobile Telematics to create accident management solutions on real-time basis.
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Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Intelligent Transportation System (ITS) Market, By Type
5.Intelligent Transportation System (ITS) Market, By Application
…
7.Company Profiles
7.1.ADCCO LLC
7.1.1.Business Overview
7.1.2.Product Portfolio
7.1.3.Key Financials
7.1.4.Strategic Developments
7.2.Agero Inc.
7.2.1.Business Overview
7.2.2.Product Portfolio
7.2.3.Key Financials
7.2.4.Strategic Developments
7.3.DENSO Corporation
7.3.1.Business Overview
7.3.2.ProductPortfolio
7.3.3.Key Financials
7.3.4.Strategic Developments
7.4.EFKON AG
7.4.1.Business Overview
7.4.2.ProductPortfolio
7.4.3.Key Financials
7.4.4.Strategic Developments
7.5.Hitachi Ltd
7.5.1.Business Overview
7.5.2.ProductPortfolio
7.5.3.Strategic Developments
Continued…
Key Growing Factors:
An extensive research study on the Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Intelligent Transportation System (ITS) Market.
We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
The Intelligent Transportation System (ITS) Market Report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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