Global Intelligent Transportation System (ITS) Market Type, Application, Regions and Forecast to 2029

The increasing number of mega cities and the population growth in developed and developing countries has increased the importance of deploying an intelligent transport system (ITS). ITS system constitutes both, road transport and an efficient metro/underground rail system. ITS involves the revamp of overall technological aspects such as GPS, Carrier Access for Land Mobiles (CALM), Dedicated Short Range Communication (DSRC) etc. Globally, the concerned government departments understand the importance of implementing an efficient ITS system, which is an important driving factor for the market growth. Therefore, these departments are formulating specific programs and taking initiatives to implement the system. For example, the U.S. Department of Transport (DOT) is focusing on intelligent infrastructure, intelligent vehicles and integration of these two factors. The DOT has started a Federal ITS program that would make research initiatives, investigative study and support the deployment of the system through systematic investment. Additionally, an efficient transport system would assist in controlling traffic congestions and increase environmental benefits by reducing pollution, and these factors act as other major drivers for the market.

Download Report Sample TOC : https://www.alliedmarketresearch.com/request-toc-and-sample/209

However, the major restraint for the market growth is the slow growth of infrastructure, especially in the developing regions of the world due to the high cost of installation. Another key restraint for the growth of the market is the lack of standards and negligible interoperability between the various modes of transport and technologies. To address these challenges, various government sectors and key players in the market are forming strategic private-public partnerships. Furthermore, the major opportunity for the market lies in the development of smart vehicles that would operate on intelligently controlled roads by deploying state of art infrastructure and latest technologies.

Some of the key players profiled in this report are Affiliated Computer Services, Inc., Denso Corporation, Agero, Inc., Addco Llc, Lanner Electronics, Inc., Nuance Communications, Inc., Ricardo Plc, Sensys Networks, Inc., Telenav, Inc., Efkon AG and Thales Group.

Get a Customized Research Report : https://www.alliedmarketresearch.com/request-for-customization/209

KEY BENEFITS

• The in-depth analysis provides market intelligence with respect to segments based on applications, systems and geographies
• Detailed analysis of the top factors impacting the growth of the market based on the current market scenario and projected future trends
• Value chain analysis provides key inputs about the role of all stakeholders of the market
• Porter's five force analysis provides in-depth understanding about the potency of suppliers & buyers, threat of new entrants & substitutes along with competitive scenario of the market
• SWOT analysis and recent developments of key players are included in the report so that companies can understand the competitive scenario of the market and make strategies for better market capitalization
• Estimations are calculated according to the current market scenario and projected future trends for the analysis period of 2013-2020 with base revenue of 2012
• The report discusses the trends and opportunities in various geographies so that companies can make region specific plans to gain competitive advantage

KEY MARKET SEGMENTS

BY APPLICATION

• Traffic Monitoring
• Collision Avoidance Systems
• Fleet Management & Asset Monitoring
• Traffic Signal Control Systems
• Parking Availability Systems
• Variable Traffic Message Signs
• Traffic Enforcement Cameras

BY SYSTEM

• Advanced Traveler Information System
• Vehicle-to-Vehicle Interaction and Vehicle-to-Infrastructure Interaction
• Advanced Traffic Management System
• Advanced Public Transportation System (APTS)
• Commercial Vehicle Operation
• ITS ‐ Enabled Transportation Pricing System

BY GEOGRAPHY

• North America
• Europe
• Asia-Pacific
• Rest of the World (ROW)

Purchase Enquiry : https://www.alliedmarketresearch.com/purchase-enquiry/209

KEY AUDIENCES

• Transport and Related Technology Developers
• Automotive Industry
• Government and Research Organizations

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: http://www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.