Press release
Intelligent Transportation System (ITS) Market – Global Industry Analysis Report, Share, Size, Growth, Price Trends and Forecast, 2022
Intelligent Transportation Systems (ITS) Market size is predicted to touch $47.5 billion by end of 2022 and register CAGR of more than 13% during forecast timeframe. Factors like performance improvement of transportation systems and growing road safety requirements are predicted to promote the demand for these systems. Many initiatives are taken to deploy modern traffic management systems and enhance consciousness about significance of road safety.Intelligent transportation systems are modern applications offering new services related with various transportation & traffic management modes and help clients make safe, smart and coordinated use of transportation networks. Further growing requirements for interoperability is predicted to promote industry growth during forecast timeframe.
Request for a sample of this research report @ https://www.fractovia.org/request-sample/138
Product Trends
Intelligent transportation systems are segmented into two types- ATMS (Advanced Traffic Management System) and APTS (Advanced Persistent Threat System).
ATMS segment size was evaluated at more than $6 million for 2014 and is predicted to touch $18.39 billion by end of forecast timeframe. This system helps in identifying weather conditions, avert accidents and road susceptibility. The device is integrated with traffic control system that helps in reduction of congestion and ensures effective utility of road space.
APTS segment helps in growing the efficacy and improve total security. It is predicted to register CAGR of more than 13.1% during forecast period. Its main applications are bus arrival notification system, passenger information system and vehicle tracking system.
Applications Trends
Different traffic management systems are vehicle detection systems, bridge traffic management systems and ramp metering. They provide consistent road networks and improve operational performance.
Road pricing segment is predicted to register CAGR of 12% during forecast period. It is predicted to lead the intelligent transportation systems (ITS) market due to innovative technology solutions like high occupancy toll lanes and vehicles miles travelled.
Regional Trends
APAC intelligent transportation systems (ITS) market size is anticipated to expand substantially due to increasing modernization in sensor technology along with its growing acceptance in nations like China and India.
Latin America industry size is predicted to increase by more than 13.1% in future. North America intelligent transportation systems (ITS) market share was evaluated at more than $7 billion for 2014. Favorable regulatory policies along with promotional events are predicted to enhance the demand of the systems in the region.
European commission has taken various initiatives for investing in eSafety, EasyWay and Galileo. This is further anticipated to promote the industry growth in Europe. Germany intelligent transportation systems (ITS) market size is predicted to grow at more than 11% during the forecast timeframe.
Competitive Trends
Key industry players profiled in the report include Hitachi Limited, Agero Incorporation, Siemens AG, Sensys Networks Incorporation, Q-Free ASA, Garmin International Incorporation, WS Atkins PLC, TomTom NV, Denso Corporation, IBM Corporation, ADCCO LLC, EFKON AG, Kapsch TrafficCom AG, Nuance Communications, Iteris Incorporation, Lanner Electronics Incorporation, SWARCO AG, Ricardo PLC, Telenav Incorporation, Thales Group, TransCore Incorporation and Xerox Corporation.
To access sample pages or view this report titled, “Intelligent Transportation System (ITS) Market Size By Application (Road Safety and Security, Traffic Management, Freight Management, Parking Management, Public Transport, Environment Protection, Road User Charging, Automotive Telematics), By Product (ATMS, ATPS, ATIS, APTS, Cooperative vehicle systems),Industry Analysis Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2015 – 2022” in detail along with the table of contents, please click on the link below:
https://www.fractovia.org/news/industry-research-report/intelligent-transportation-system-its-market
About Fractovia.org
Fractovia.org is one of India's leading in-house and free news portal. It is fully automated, and operates on a constant premise, interfacing with news sites and offering redesigned breaking features to readers across the globe. Our mission is to offer individuals opportunities for connections with news writers and distributors which they can pursue. We operate by mapping articles pertaining to breaking news, constantly and progressively, against a pre-determined word-based theme, offering important connections to readers and clients, as well as distributers.
Fractovia
29L Atlantic Avenue,
Suite L 105, Ocean View,
Delaware 19970
United States
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@fractovia.org
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 Intelligent Transportation System (ITS) Market – Global Industry Analysis Report, Share, Size, Growth, Price Trends and Forecast, 2022 here
News-ID: 380055 • Views: …
More Releases from Global Market Insights, Inc
Point of Care Ultrasound Market Outlook 2021-2025 | Analogic, Canon Medical Syst …
Growing demand for fast and accurate diagnostic tools is expected to drive point of care ultrasound market growth in the ensuing years. Point-of-care ultrasound (POCUS) has become a standard tool in the emergency department, as it answers to specific clinical queries that narrow differentials, guide clinical therapy, and direct consultations and disposition.
Recent technological advancements have led to the development of miniature POCUS that range from stationary high-end systems to small…
Medical Tourism Market Forecast 2027 By Top Players Asklepios, KPJ Healthcare Bh …
Medical Tourism Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Every year millions of people travel abroad seeking medical treatment and efficient surgical procedures such as cosmetic surgery, cardiovascular surgery, orthopedic and dental surgery which is referred to…
Medical X-ray Market Outlook 2021-2027 | Top Players Siemens Healthcare, GE Heal …
Medical X-ray Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Researchers at Northwestern University have designed a new AI-based platform that analyses lung X-rays and detects COVID-19. The machine-learning (ML) algorithm, named DeepCOVID-XR, was able to outperform a…
Biosensors Market 2021 by Top Industry Players Abbott Laboratories, Bio-Rad Inte …
Biosensors Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Rising incidences of several serious disorders among the global population has evoked the need to detect these at early stages in order to obtain appropriate treatment on time. This…
More Releases for Incorporation
Asia-Pacific Cosmetics Market | L’Oréal Avon Products Incorporation Procter & …
Asia-Pacific Cosmetics Market Report, published by Allied Market Research, forecasts that the market is expected to garner $126.8 billion by 2020, registering a CAGR of 4.02% during the period 2015 - 2020.Japan is the highest revenue generating region in the Asia Pacific cosmetics market, and accounts for the second largest market in the global cosmetics industry. Japan held 2/7th share of cosmetics market in 2014, across Asia Pacific region. An…
Mobile Device Management Market To Expand At a Healthy CAGR in the Upcoming Fore …
According to a recently published report by Research Nester on "Mobile Device Management Market: Global Demand Analysis & Opportunity Outlook 2027"delivers detailed overview of the Mobile Device Management market in terms of market segmentation by vertical, by deployment mode, by type, by organization size and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five…
Laser Cutting Machines Market 2020 | Amada Miyachi CO, Bystronic Incorporation, …
The laser cutting machine is a machine which uses laser beam to cut materials such as acrylic, plastic, wood, fabric, and many other non-metallic materials. The laser cutting machines initially casts laser beam on the surface of work piece, melts it and finally evaporates the particular area of work piece using the energy released by laser. Furthermore, the laser cutting technique is able to improve working efficiency and reduce cost.…
Laser Cutting Machines Market 2020 | Amada Miyachi CO, Bystronic Incorporation, …
The laser cutting machine is a machine which uses laser beam to cut materials such as acrylic, plastic, wood, fabric, and many other non-metallic materials. The laser cutting machines initially casts laser beam on the surface of work piece, melts it and finally evaporates the particular area of work piece using the energy released by laser. Furthermore, the laser cutting technique is able to improve working efficiency and reduce cost.…
Permanent Magnet Motor Market Major Key Players Such as Siemens, Baldor Electric …
Permanent Magnet Motor Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $45.3 billion by 2020, registering a CAGR of 11.7% during the period 2014-2020. The global demand for rare earth (RE) magnet materials, in 2012, accounted for 21% of all rare earth materials available. Presently, the permanent magnet AC and DC motors are increasingly used in factory automation applications such as robotics…
Permanent Magnet Motor Market Major Players by 2020: Siemens, Baldor Electrics I …
Permanent Magnet Motor Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $45.3 billion by 2020, registering a CAGR of 11.7% during the period 2014-2020. The global demand for rare earth (RE) magnet materials, in 2012, accounted for 21% of all rare earth materials available. Presently, the permanent magnet AC and DC motors are increasingly used in factory automation applications such as robotics…
