What's driving the IoT Market in Intelligent Transportation Systems Market Size? Garmin Ltd., Thales Group, Denso Corp., AT&T Inc., Verizon Communications Inc., Sierra Wireless, IBM Corporation.
Global IoT Market in Intelligent Transportation Systems is valued approximately at USD 121.1 billion in 2018 and is anticipated to grow with a growth rate of more than 9% over the forecast period 2019-2026. IoT Market in Intelligent Transportation System refers the integration of communication and information processing across transportation systems for real-time interaction.
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The regional analysis of global IoT Market in Intelligent Transportation Systems is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the wide advancements in IoT Market in Intelligent Transportation Systems along with rapid growth in automotive sector across the region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period of 2019-2026.
Further, integration of technologies helps develop better solutions in transportation and rising on-demand infotainment and traffic navigation, along with safety and security features in automotive are likely to impel the demand for IoT Market in Intelligent Transportation System over the forecast period. However, big data increases complexity as well as improvements are required in battery related technologies is the major factor restricting the growth of global IoT Market in Intelligent Transportation Systems during the forecast period.
Rapid expansion of automotive industries, along with increasing smart cities development as well as huge investments in the R&D of IoT related software and dedicated short-range communications for the V2V Communication are the few factors responsible for high CAGR of the market over the forecast period. For instance, as per Statista, the internet of things (IOT) spending was USD $ 257 billion in consumer sector, $ 115 billion in cross industry business and $ 567 billion in vertical specific business in 2014 and is anticipated to rise up to USD $ 1,494 billion in consumer sector, $ 567.6 billion in cross industry business and $ 863.6 billion in vertical specific business in 2020, throughout the world.
Intelligent Transportation System (ITS) is the process to communicate between vehicles using IoT which brings new era of communication in ITS. IoT based Intelligent Transportation System enhances automation in railways, airways, roadways and marine, that helps consumer to experience advanced transporting, tracking and delivering of their goods.
For instance, satellites-based navigation system which is known as Global Positioning system (GPS). Internet of Things (IoT) involves connecting physical objects to the Internet for developing smart systems and universal mobile accessibility with advanced technologies like Intelligent Transportation System (ITS).
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Major market player included in this report are:
o Garmin Ltd.
o Thales Group
o TomTom N.V.
o Nuance Communication
o Denso Corp.
o Alcatel-Lucent S.A
o AT&T Inc.
o Verizon Communications Inc.
o Sierra Wireless
o IBM Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
o Semiconductor Components
o Wireless/Cellular Components
By Products, Software & Services:
By Transportation Solutions:
o Supervision Solutions
o Operation Solutions
o Passenger Information
o Maintenance Scheduling Solutions
o Predictive Analytics
o Logistics and Fleet Solution
o Advanced Driver Assistance System (ADAS)
o North America
o Asia Pacific
o Latin America
o Rest of the World
Furthermore, years considered for the study are as follows:
o Historical year - 2016, 2017
o Base year - 2018
o Forecast period - 2019 to 2026
Target Audience of the Global IoT Market in Intelligent Transportation Systems in Market Study:
o Key Consulting Companies & Advisors
o Large, medium-sized, and small enterprises
o Venture capitalists
o Value-Added Resellers (VARs)
o Third-party knowledge providers
o Investment bankers
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. IoT Market in Intelligent Transportation Systems, by Component, 2017-2026 (USD Billion)
1.3. IoT Market in Intelligent Transportation Systems, by Product, Software & Services, 2017-2026 (USD Billion)
1.4. IoT Market in Intelligent Transportation Systems, by Verticals, 2017-2026 (USD Billion)
1.5. IoT Market in Intelligent Transportation Systems, by Transportation Solutions, 2017-2026 (USD Billion)
1.5.1. IoT Market in Intelligent Transportation Systems, by Applications, 2017-2026 (USD Billion)
1.5.2. IoT Market in Intelligent Transportation Systems, by Region, 2017-2026 (USD Billion)
1.6. Key Trends
1.7. Estimation Methodology
1.8. Research Assumption
Chapter 2. Global IoT Market in Intelligent Transportation Systems Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global IoT Market in Intelligent Transportation Systems Dynamics
3.1. IoT Market in Intelligent Transportation Systems Impact Analysis (2018-2026)
3.1.1. Market Drivers
Global Intelligent Transportation Systems (ITS) Market Research Report 2018
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Intelligent Transportation Systems (ITS) in these regions, from 2013 to 2025 (forecast), covering United States, EU, Japan, China
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