Press release
Market Outlook : Intelligent Transport Systems (ITS) Market in North America Grow at a CAGR of 6.49% by Revenue During the Period 2016-2019
An ITS is a sophisticated application, which provides solutions related to various modes of transport and traffic management. It allows commuters to be informed about the traffic situation, and enhances road safety. The traffic management process is also streamlined with the optimization of quality, and the reduction in time required for implementation of decisions as well as in costs incurred. The various types of ITS include ATMS, road user charging, ETC, public transport ITS, freight and commercial ITS, security and crime reduction ITS, road safety systems, ITS communications, and automotive and infotainment telematics. These solutions are mostly used by governments, municipal authorities, and the construction sector, to handle congestion, prevent accidents, detect the location of vehicles, and also to check vehicle emission levels.Technavio analysts forecast the ITS Market in North America to grow at a CAGR of 6.49%, in terms of revenue, during 2014-2019.
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Covered :
The report covers the present scenario and the growth prospects of the ITS Market in North America for the period 2015-2019. The market covered in the report includes roadway transportation only. To calculate the market size, we consider revenue generated from the sales of ITS products. We also present the vendor landscape and a corresponding detailed analysis of the top five vendors in the ITS Market in North America.
The Technavio report, namely ITS Market in North America 2015-2019, is based on an in-depth market analysis, with inputs from industry experts. We discuss the major drivers influencing market growth and also the challenges facing the vendors and the market as a whole. We evaluate the key trends emerging in the market as well.
The ITS Market in North America is segmented on the basis of its product type:
Automotive and Infotainment Telematics
Freight and Commercial ITS
ITS Communications
Network Management
Public Transport ITS
Road Safety
Security and Crime Reduction ITS
Key Vendors
Denso
KAPSCH
Q-Free
Thales
TransCore
Other Prominent Vendors
3M
Addco
Agero
Grenobloise d'Electronique et d'Automatismes
Hitachi
International Road Dynamics
Lanner
Metro Infrasys
Mitsubishi Heavy Industries
Omron
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