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Intelligent Transport Systems (ITS) Marke Opportunities 2019 | Thales Group Ad, Siemens AG, Garmin Ltd., Kapsch Trafficcom, Tomtom International BV

06-11-2019 03:51 PM CET | IT, New Media & Software

Press release from: Future Market Insights

Intelligent Transport Systems (ITS) Marke Opportunities 2019 |

According to a recently published report by Future Market Insights titled “Intelligent Transport Systems (ITS) Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” the global intelligent transportation systems (ITS) market is expected to be valued at US$ 21,481.4 Mn in 2017, and is projected to reach US$ 70,798.4 Mn by 2027 end, expanding at CAGR of 12.7% throughout the assessed period. The primary factors which are driving this market are growing inclination towards better transport infrastructure and increase in spending on intelligent transportation system.

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Global Intelligent Transport Systems Market: Drivers

Focus on reducing vehicular pollution

Increase in government collaborations for effective traffic management

Growing requirement for advanced traffic congestion solutions

Growing innovations in products to amplify the demand of ITS products

Keeping a check on high emission vehicles

Increasing demand for advanced solutions to reduce road accidents

Traffic law enforcement

Rapid urbanization and government’s increasing spending on smart city projects

Government funding for proper transport plans

Global Intelligent Transport Systems Market: Forecast by Region

This market research company has included ASEAN region along with APEJ, Japan, North America, Latin America, Eastern Europe, Western Europe, Japan and MEA. In APEJ, the collision avoidance system segment is a key application segment, which is expected to showcase a high CAGR during the forecast period. In APEJ, the intelligent urban traffic management system application segment is expected to reflect high market share.

Need more information about Report methodology @ https://www.futuremarketinsights.com/askus/rep-gb-921

Global Intelligent Transportation Systems Market: Forecast by Component

On the basis of component, the global intelligent transportation systems market is segmented into hardware, software and service. After studying the entire market it has been witnessed that in terms of value, the software segment is expected to increase at a relatively higher CAGR during the forecast period. This segment is expected to register moderate Y-o-Y growth rate throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 13.0% during the forecast period. The hardware segment on the other hand is expected to exhibit a high market attractiveness index over the forecast period. In 2017, the hardware segment is estimated to be valued at US$ 10,396.3 Mn, and is expected to witness steady growth in terms of revenue throughout the forecast period.

Global Intelligent Transportation Systems Market: Forecast by Application

On the basis of application, global market for intelligent transportation systems market is segmented into intelligent urban traffic management systems, highway traffic management, intelligent car parking management systems (smart parking), fleet management and asset monitoring, collision avoidance systems, advanced traveler information systems, and congestion/road charging solutions. The collision avoidance system segment is expected to showcase a high CAGR during the forecast period. In terms of attractiveness index, highway traffic management segment is expected to witness a high market attractiveness index over the forecast period. In terms of value, intelligent urban traffic management system segment was valued US$ 5,037.5 Mn in the year 2017, expanding at a robust CAGR of 9.4%.

Global Intelligent Transport Systems Market: Competitive Landscape

Thales Group Ad, Siemens AG, Garmin Ltd., Kapsch Trafficcom, Tomtom International BV, Q-Free ASA, Denso Corporation, Atkins Group, Iteris, Inc., Ricardo PLC, Efkon AG., Savari Inc., Transcore, Lp, and Lanner Electronics Inc are some of the key leaders operating in the global intelligent transport systems market.

Intelligent Transportation System Its Market Reports - Table of Contents
1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

3. Market View Point

3.1. Macro-Economic Factors

3.2. Opportunity Analysis

3.3. Value Chain Analysis

3.4. Key Regulation and Standards

4. Global Market Analysis 2012–2016 and Forecast 2017–2027

4.1. Market Size and Y-o-Y Growth

4.2. Absolute $ Opportunity

5. North America Intelligent Transportation System (ITS) Market Analysis 2012–2016 and Forecast 2017–2027

5.1. Introduction

5.2. Regional Market Dynamics

5.2.1. Drivers

5.2.2. Restraints

5.2.3. Trends

5.3. Market Size (US$ Mn) By Country, 2012-2016

5.3.1. U.S.

5.3.2. Canada

5.4. Market Size (US$ Mn) and Forecast By Country, 2017-2027

5.4.1. U.S.

5.4.2. Canada

5.5. Market Size (US$ Mn) and Forecast By Component

5.5.1. Hardware

5.5.2. Software

5.5.3. Services

5.6. Market Size (US$ Mn) and Forecast By Application

5.6.1. Intelligent Urban Traffic Management System

5.6.1.1. Traffic Monitoring

5.6.1.2. Traffic Signal Control

5.6.1.3. Enforcement Camera Management

5.6.2. Highway Traffic Management

5.6.3. Intelligent Car Parking Management (Smart Parking)

5.6.4. Fleet Management & Asset Monitoring

5.6.4.1. Public

5.6.4.2. Private

5.6.5. Collision Avoidance Systems

5.6.6. Advance Traveler Information System

5.6.7. Congestion/Road Charging Solution

Browse Full Report: https://www.futuremarketinsights.com/reports/intelligent-transportation-system-its-market

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About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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