Why Intelligent transportation system market is growing rapidly.? Advantech, Denso, GMV, Hitachi Data Systems, Moxa Inc., Nuance Communications, Telegroup, TomTom, Xerox
Roadways ITS is expected to hold a majority share of the Intelligent Transportation System Market due to a growing number of vehicles, which has resulted in increased road traffic and congestion. A rise in the number of road fatalities has also contributed to the adoption of ITS solutions. According to the Annual Accident Report, 2017, by the European Union (EU), road traffic accidents in EU member states claimed 26,100 lives and left over 1.4 million people injured in 2015.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/178
The information display system in the airways Intelligent Transportation System 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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
4. Hitachi Data Systems
5. Moxa Inc.
6. Nuance Communications
10. Trapeze Group
The Asia Pacific Intelligent Transportation System 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.
Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/178
In the railways Intelligent Transportation System Market, the demand for real-time passenger information systems is expected to exhibit accelerated growth from 2019 to 2025. These systems provide real-time information such as news broadcast, entertainment, scheduling, and emergency communication services to passengers through voice or visual, thus increasing the traveling comfort for them. The widespread implementation of smart passenger information systems to provide instant information to commuters will drive the railways Intelligent Transportation System Market growth.
In the maritime Intelligent Transportation System 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.
Companies operating in the Intelligent Transportation System 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.
Browse Full Reports: https://www.gminsights.com/industry-analysis/intelligent-transportation-system-ITS-market
Some of the companies operating in Intelligent Transportation System Market are 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.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
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:
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 Why Intelligent transportation system market is growing rapidly.? Advantech, Denso, GMV, Hitachi Data Systems, Moxa Inc., Nuance Communications, Telegroup, TomTom, Xerox here
News-ID: 1796923 • Views: 210
More Releases from Global Market Insights Inc.
Oil Filled Air Compressor Market Projection & Growth Forecast To 2024
According to Global Market Insights, Oil Filled Air Compressor Market research report provides a comprehensive analysis of the Oil Filled Air Compressor Market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. The primary hindrance in the growth path of Oil Filled Air Compressor Market is the high purchasing cost and maintenance associated with it. This has increased the
Automated Material Handling Equipment Market Revenue & Growth Forecast to 2025 - …
Global Market Insights has announced the launch of Automated Material Handling Equipment Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry. Asia Pacific automated material handling equipment market is expected
Cross-Laminated Timber (CLT) Market to witness massive growth by 2025 - HASSLACH …
Global Market Insights has announced the launch of Cross-Laminated Timber (CLT) Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry. Expansion of production capacity either through upgradation in existing production
High Pressure Grinding Rollers Market to See Strong Growth by 2025 - The Weir Gr …
Global Market Insights has announced the launch of High Pressure Grinding Rollers Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry. The mining industry is associated with huge investments in
More Releases for Intelligent
Intelligent Transportation System Market
Intelligent Transportation System Market – Global Industry Analysis and Forecast (2017-2026) – By Offering, by type, by Component, Application, and Geography Intelligent Transportation System Market was valued US$ 20.2 Bn in 2017 and is expected to reach US$ 40.5 Bn by 2026 at CAGR of 9.08% during forecast period. Intelligent Transportation System Market (ITS) is a computerized system with diverse applications connected with vehicle transportation. Also, it provides travelers with important information
Intelligent Tamper-Proof Packaging Market -
Water proof or air proof was the term used for considering leak proof packing of any commodity earlier. In today’s generation, it is tamper resistance. Basically it means to protect a product or package from internal malfunctioning or sabotage. The use of tamper protection features for our smartphone screens is for sealing food items, that, if exposed to the air for a longer time may get contaminated like that of
An intelligent factory
The company Barberini, founded by Pietro Barberini in 1963, today is the world leader for production of optical glass solar lenses, with exclusive and sophisticated technical features, used by various luxury brands. The company controls the entire production chain, from the raw materials to the finished lenses, with cutting-edge industrial sites in Italy, a glass melting plant in Germany, and advanced technologies to produce polarizing lenses for sunglasses. In Italy, Barberini
Intelligent RFID Platform - Bringing Wireless Scalability to Intelligent Sensing
An intelligent RFID platform is basically a part of RFID middleware that enables the development and deployment of RFID systems. The intelligent RFID platform absorbs differences in different RFID tags from multiple suppliers. It then integrates the data to build scalable and flexible RFID solutions. The intelligent RFID platform has tools for monitoring and maintaining RFID systems. An RFID system is a wireless technology that uses radio waves for gathering
Aliens Space Station | Intelligent Living
Aliens Space Station is distinguished by its highest quality construction, prime location, aesthetic appeal, functional design and optimum use of space where every apartment is a result of meticulous planning, incorporating best practices, adhering to a structured quality manual as per ISO norms and 700 quality checks- starting from incoming raw material checks to handover of the flats where you have 28 different floor plans to choose from. Space Station
Experience intelligent connected manufacturing
Trebing + Himstedt will present numerous live demos, from 3-D worker instructions, to shop floor analytics, to predictive maintenance, at the Hannover Trade Fair 2016 Schwerin, March 8, 2016 – Trebing + Himstedt, SAP MES expert for consulting, implementation and licensing of SAP solutions in the production environment, presents practical example applications for intelligently connected production based on SAP MES and IoT solutions. Visitors to the Hannover Trade Fair can experience