Intelligent Transportation Systems (ITS) Market 2025 Research Study for Forecast Period | Xerox * Advantech * Denso * Hitachi * MOXA * Nuance Communications * PTV Group * Q-Free ASA * Thales * TomTom

The Asia Pacific region is projected to hold the second largest share of the global intelligent transportation system market over the forecast period. Major economies in the region, such as China, Japan, and India, are investing significantly in creating megacities and modernizing their transportation networks to facilitate enhanced trade exchanges. Also, government initiatives in the region for issuing stringent emission norms to combat rising levels of air pollution are expected to contribute to market growth over the forecast timeline.

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In the airways intelligent transportation systems (ITS) market, communication and networking systems are projected to exhibit excellent growth between 2019 and 2025 at a CAGR of over 7%. With increasing air traffic levels and rising demand from passengers for in-flight communication systems such as Wi-Fi access, airlines are exploring innovative methodologies for improving communication and the network infrastructure. With companies investing heavily in improving network connectivity with airborne aircraft, avoiding congestion is becoming much easier with the use of modern communication and networking systems.

Operation and collision avoidance application is projected to hold a dominant share of over 30% in the railway intelligent transportation systems market by 2025. Taking precautionary measures to prevent collisions can aid in mitigating the risk of jumping signals and over-speeding by loco pilots of trains that may lead to accidents. Passenger and freight collisions result in huge economic losses and fatalities every year. Most incidents happen due to human errors. By deploying automated collision avoidance technologies, such incidents can be effectively avoided saving numerous lives.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

• FIG 12 SWOT Analysis, Advantech Co., Ltd.
• FIG 13 SWOT Analysis, Bestmile SA
• FIG 14 SWOT Analysis, Clever Devices Ltd.
• FIG 15 SWOT Analysis, Denso Corporation
• FIG 16 SWOT Analysis, EFKON AG
• FIG 17 SWOT Analysis, ETA Transit Systems
• FIG 18 SWOT Analysis, GMV Group
• FIG 19 SWOT Analysis, Hitachi, Ltd.
• FIG 20 SWOT Analysis, Kapsch Trafficcom
• FIG 21 SWOT Analysis, Lanner Electronics
• FIG 22 SWOT Analysis, Moxa Inc.
• FIG 23 SWOT Analysis, Nuance Communications
• FIG 24 SWOT Analysis, PTV Group
• FIG 25 SWOT Analysis, Q-Free ASA
• FIG 26 SWOT Analysis, Rhythm Engineering
• FIG 27 SWOT Analysis, Telegroup
• FIG 28 SWOT Analysis, Thales Group
• FIG 29 SWOT Analysis, TomTom N.V.
• FIG 30 SWOT Analysis, Transmax Pty Ltd.
• FIG 31 SWOT Analysis, Trapeze Group
• FIG 32 SWOT Analysis, WS Atkins PLC
• FIG 33 SWOT Analysis, Xerox Corporation

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Rail traffic management solutions dominated the railway ITS market in 2018 due to the growing emphasis on optimizing rail movement of international trade routes as well as increasing focus on enhancing railway safety infrastructure. The major features of railway traffic management systems include real-time traffic planning, route scheduling, power supply & infrastructure, operation information for passengers & the staff, and maintenance support. These solutions automatically control and set routes for trains and establish route control in events operational disruption.

In maritime ITS, the weather information market is expected to register accelerated growth over the forecast timeline. Good weather forecasting helps ships and their crew with effective navigation and taking informed decisions to reduce risks due to unexpected weather shifts. A bad weather can cause maritime vessels to run aground, capsize, or to collide with other ships and objects. Efficient weather information and forecasting measures ensure that such mishaps are prevented by taking timely precautionary measures.

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Some of the key vendors operating in the ITS market include Advantech Co., Ltd., Bestmile SA, Clever Devices Ltd., Denso Corporation, EFKON AG, ETA Transit Systems, GMV Group, Hitachi, Ltd., Kapsch Trafficcom, Lanner Electronics, Moxa Inc., Nuance Communications, PTV Group, Q-Free ASA, Rhythm Engineering, Telegroup, Thales Group, TomTom N.V., Transmax Pty Ltd., Trapeze Group, WS Atkins PLC, and Xerox Corporation.

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