Press release
What are the Growth Drivers of Intelligent Transportation System Market? Denso Corporation, EFKON AG, ETA Transit Systems, GMV Group, Hitachi, Ltd, Lanner Electronics, Moxa Inc, Nuance Communications, PTV Group, Rhythm Engineering, Telegroup, Thales Group
The Asia Pacific ITS market is expected to witness the highest growth rate of over 6% from 2019 to 2025. The emergence of smart mobility technologies and financial support provided by the government to establish smart transportation infrastructure is expected to bolster the adoption of intelligent transport solutions. For instance, in August 2016, the South Korean government planned to build a network of smart expressways by 2020 to limit traffic congestion. The government planned to invest USD 33.1 billion and raise USD 31.3 billion through private investments to finance its plan of installing a smart toll system. Some of the companies operating in ITS market are partnering with regional authorities for the implementation of smart transport solutions. For instance, in December 2017, Smart Parking partnered with Queenstown International Airport to enhance the user parking experience. The airport has deployed SmartGuide solutions with more than 450 vehicle sensors installed to sense the presence of cars.
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Intelligent Transportation System (ITS) market is projected to surpass USD 34 billion by 2025. The market growth is attributed to the various government-led investments for smart city development and rise in the number of vehicles demanding smart mobility solutions. Growing investments in smart city development projects will foster the adoption of smart transportation solutions to regulate the traffic flow in cities. ITS solutions allow users to make better use of transportation systems and also provide ways for the development of smarter infrastructure. Also, the adoption of IoT is transforming the transportation industry by automating airways, roadways, waterways, and railway transportation systems to provide better passenger experience. The IoT platforms facilitate better operation & control, traffic planning, and passenger information management. For instance, rail operators are implementing smart digital platforms and replacing legacy infrastructure with new train control systems powered by IoT and big data analytics. An increase in the adoption of sensors in trains and along tracks facilitate monitoring and data collection in real-time.
Another factor accelerating ITS market growth is the increased demand for smart transport communication technologies in vehicles to make driving safe and easy. According to the World Health Organization (WHO), approximately 1.35 million people die each year due to road crashes. According to the European Union (EU), in the EU, 46.4% of the road fatalities involved passenger cars followed by pedestrians (21.2%) in 2016. ITS technologies enable the detection of wrong turns & exceeding traffic limits and provide real-time information to reduce the chances of accidents. Furthermore, government agencies worldwide are implementing emission standards for controlling vehicle emissions and improving roadside safety
In the maritime ITS market, tracking and monitoring systems held a major market share of over 35% in 2018 and are expected to maintain a dominant position in 2025. Tracking and monitoring systems provide marine operators with valuable information for taking marine operational decisions in real-time. They deploy these systems to obtain real-time information on full wave water spectrum, including wind profiling, temperature, pressure, and humidity. As marine companies are widely using them to monitor the ship’s position, location, and other details, the demand for ITS in marine will increase over the forecast period.
The information display system in the airways ITS market is expected to hold a significant market share of over 20% in 2025. As airport environments are becoming more complex, flight-related & operational information needs to be obtained quickly. Thus, smart display systems are widely used in airports as they store, process, and transfer flight-related information to passengers and airport authorities. With companies rapidly developing these information systems to provide real-time information to keep the passengers updated, the demand for airways ITS will increase in the near future.
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Companies operating in the ITS market are investing in their R&D labs for the development of new ITS. For instance, in March 2018, Huawei opened a new innovation lab at Gurugram to develop smart city solutions including smart lighting, smart metering, and smart parking solutions. Also, these companies are focusing on large-scale ITS deployments in collaboration with governments and municipal authorities to improve roadside safety and traffic management systems. In January 2018, a Chinese company, Didi Chuxing, along with Chinese traffic management authorities, launched a smart city traffic management solution, DiDi Smart Transportation Brain. This product has been adopted by more than 20 Chinese cities, facilitating real-time data through AI and cloud computing technologies.
Table of Content:
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope
1.1.5. Definition
1.1.6. Methodology and forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
1.2.2.1. Paid sources
1.2.2.2. Public sources
Chapter 2. Executive Summary
2.1. ITS industry 360 degree synopsis, 2014 - 2025
2.2. Business trends
2.3. Regional trends
2.4. Mode of transport trends
2.4.1. Roadways trends
2.4.1.1. System trends
2.4.1.2. Component trends
Chapter 3. ITS Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2014-2025
3.4. ITS ecosystem analysis
3.4.1. Hardware component/ device providers
3.4.2. ITS solution providers
3.4.3. Network service providers
3.4.4. IT security service providers
3.4.5. Cloud service providers
3.4.6. System integrators
3.4.7. End users
3.5. ITS architecture
3.6. ITS evolution
3.7. Technology & innovation landscape
Chapter 4. Competitive Landscape, 2018
4.1. Introduction
4.2. Competitive analysis of key market players
4.2.1. Denso Corporation
4.2.2. Kapsch Trafficcom
4.2.3. Moxa Inc.
4.2.4. Siemens AG
4.2.5. Thales Group
4.2.6. TomTom N.V.
4.2.7. TransCore
4.3. Competitive analysis of other prominent vendors
4.3.1. EFKON AG
4.3.2. Hitachi, Ltd.
4.3.3. Nuance Communications
4.3.4. PTV Group
4.3.5. Q-Free ASA
4.3.6. WS Atkins PLC
4.3.7. Xerox Corporation
Chapter 5. ITS Market, By Mode of Transport
5.1. Key trends, by mode of transport
5.2. Roadways
5.2.1. Product market estimates and forecast, 2014-2025
5.3. Railways
5.3.1. Service market estimates and forecast, 2014-2025
5.4. Airways
5.4.1. Service market estimates and forecast, 2014-2025
5.5. Maritime
5.5.1. Service market estimates and forecast, 2014-2025
Chapter 6. ITS Market, By Roadways
6.1. Key trends, by roadways
6.2. System
6.2.1. Market estimates and forecast, 2014-2025
6.2.1.1. Advanced Traffic Management System (ATMS)
6.2.1.1.1. Market estimates and forecast, 2014-2025
6.2.1.2. Advanced Traveler Information System (ATIS)
6.2.1.2.1. Market estimates and forecast, 2014-2025
6.2.1.3. Advanced Transportation Pricing System (ATPS)
6.2.1.3.1. Market estimates and forecast, 2014-2025
6.2.1.4. Advanced Public Transport System (APTS)
6.2.1.4.1. Market estimates and forecast, 2014-2025
6.2.1.5. Advanced Rural Transportation System (ARTS)
6.2.1.5.1. Market estimates and forecast, 2014-2025
6.2.1.6. Commercial vehicle operation
6.2.1.6.1. Market estimates and forecast, 2014-2025
6.3. Component
Chapter 7. ITS Market, By Railways
7.1. Key trends, by railways
7.2. Component
7.2.1. Market estimates and forecast, 2014-2025
7.2.2. Solution
7.2.2.1. Market estimates and forecast, 2014-2025
7.2.2.1.1. Rail traffic management
7.2.2.1.1.1. Market estimates and forecast, 2014-2025
7.2.2.1.2. Asset management software
7.2.2.1.2.1. Market estimates and forecast, 2014-2025
7.2.2.1.3. Rail communication and networking
7.2.2.1.3.1. Market estimates and forecast, 2014-2025
7.2.2.1.4. Real-time passenger information system (Freight management)
7.2.2.1.4.1. Market estimates and forecast, 2014-2025
7.2.2.1.5. Rail analytics
7.2.2.1.5.1. Market estimates and forecast, 2014-2025
Chapter 8. ITS Market, By Airways
8.1. Key trends, by airways
8.2. System
8.2.1. Market estimates and forecast, 2014-2025
8.2.1.1. Information display system
8.2.1.1.1. Market estimates and forecast, 2014-2025
8.2.1.2. Tracking and monitoring system
8.2.1.2.1. Market estimates and forecast, 2014-2025
8.2.1.3. Self-service baggage system
8.2.1.3.1. Market estimates and forecast, 2014-2025
8.2.1.4. Kiosks
8.2.1.4.1. Market estimates and forecast, 2014-2025
Chapter 9. ITS Market, By Marine
9.1. Key trends, by marine
9.2. System
9.3. Application
Chapter 10. ITS Market, By Region
Chapter 11 Company Profiles
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