Press release
What’s driving the Intelligent Transportation System (ITS) Market? Nuance Communications, PTV Group, Q-Free ASA, Thales, TomTom, Xerox, Advantech, Denso, Hitachi, MOXA
Intelligent Transportation System (ITS) Market is set to exceed USD 34 billion by 2025. ITS market growth is attributed to the increasing emphasis on smart city & smart transportation development initiatives by government agencies, aggressive R&D in autonomous vehicle technology, and rapidly increasing vehicle production demanding effective traffic management solutions. Also, government agencies around the world are establishing strict norms for controlling vehicle emissions and improving roadside safety. Such initiatives are promoting market players to develop advanced ITSs for a diverse range of transportation modes such as roadways, railways, airways, and maritime.Get Sample Copy of This Report @ www.gminsights.com/request-sample/detail/178
In the roadways intelligent transportation systems market, Advanced Traffic Management Systems (ATMS) held a majority share of over 34% in 2018 due to the growing demand for reducing traffic congestion in urban areas by enhancing an effective utilization of the prevailing infrastructure. These systems acquire real-time information from roadside traffic sensors and aid in developing effective traffic management strategies. Also, the development of adaptive traffic control solutions is improving the efficiency of these systems leading to the growing adoption of ATMS around the world.
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• 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
• Xerox Corporation
Make an Inquiry for purchasing this Report @ www.gminsights.com/inquiry-before-buying/178
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.
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.
The Asia Pacific region is projected to hold the second largest share of the global ITS 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.
Browse Report Summery @ https://www.gminsights.com/industry-analysis/intelligent-transportation-system-ITS-market
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.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release What’s driving the Intelligent Transportation System (ITS) Market? Nuance Communications, PTV Group, Q-Free ASA, Thales, TomTom, Xerox, Advantech, Denso, Hitachi, MOXA here
News-ID: 1771340 • Views: …
More Releases from Global Market Insights, Inc.

Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…

Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
More Releases for Group
Specialty Insurance Market 2023 | Futuristic Technology- State Farm Group, Progr …
The Specialty Insurance market research report delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. The Specialty Insurance report also incorporates the current and future global market outlook in the emerging and developed markets. Moreover, the report also investigates regions/countries expected to witness the fastest growth rates during the forecast period.
The Specialty Insurance research report also provides insights of different regions that are…
Transit Packaging Market Top Key Players - STI Group, Crown Cork Group, GWP Grou …
Freight transport in transit receives a wide range of vibrational intensities over a period of time. Based on the origin, destination and network of carriers, ocean-going vessels with aircraft will vibrate with the proper amplitude. Cargo handling and sorting operations contribute to lower levels of compressive force than movement in transit. The only exception to this is when the cargo moves in transit. This allows heavier packages to slip into…
Global Baijiu Market 2019-2024 - Kweichow Moutai Group, Wuliangye, Yanghe Brewer …
Global Baijiu Market 2019-2024:
“Global Baijiu Market” report focuses on the comprehensive study of the market involving technological developments, future plans, supply, sales revenue, production, dimensions, overview, manufacturers, growth rate, price, deals, and revenue for the detailed analysis of the Baijiu Market. Moreover, report of the Baijiu efficiently offers the needed characteristics of the global Baijiu market for the individuals and people looking for the business for investments, mergers & acquisitions…
White Spirits Market 2019 Wuliangye Kweichow Moutai Group Yanghe Brewery Daohuax …
As per global White Spirits market report for the period of 2018 to 2023, the White Spirits market is likely to reach an estimate of USD xx million at the end of the 2023 rising at the rate of CAGR xx% throughout the forecast period of 2019 to 2024. The global White Spirits market report covers an exhaustive understanding of the White Spirits that encompasses various important factors like the…
Automotive Metal Market ’size 2019 by Top Key Players: ArcelorMittal, China Ba …
The ‘Automotive Metal Market’ research report assembled by Market Study Report, LLC, provides a succinct analysis on the recent market trends. In addition, the report offers a thorough abstract on the statistics, market estimates and revenue forecasts, which further highlights its position in the industry, in tandem with the growth strategies adopted by leading industry players.
This report focuses on the Automotive Metal in global market, especially in North America, Europe…
Steel Ingot Market Outlook and Forecasts 2018 to 2025 and Key Players: ArcelorMi …
The “Global Steel Ingot Analysis to 2025” is a specialized and in-depth study of the Steel Ingot industry with a focus on the global market trend. The report aims to provide an overview of global Steel Ingot with detailed market segmentation by component, type, application and geography. The global Steel Ingot market is expected to witness high growth during the forecast period. The report provides key statistics on the market…