Press release
Intelligent Transportation System Market to hit $47.5bn by 2022
The global Intelligent Transportation System Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers.Global market Insights announces the new study based market Report on Intelligent Transportation Systems Market. The ITS market size is predicted to hit USD 47.5 billion at a CAGR of over 13% from 2015 to 2022. The report covers in-depth analysis on the basis of region, application and competitive segmentation. The report focuses on all aspects of market with analysis of drivers, impediments, challenges, opportunities and its impact on the market scenario.
Rising numbers of vehicles result in high traffic congestion and thus, necessitates highly developed public traffic management systems. ITS combines information and communication technologies used in traffic management and transportation systems, which helps reduce traffic congestion and thus enhance the safety, sustainability and efficiency of transportation networks. Increasing need for enhancing the existing transportation network performance and growing focus on the road is forecast to have a positive impact on the growth.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/178
The system is being extensively adopted in several verticals including collision avoidance systems, fleet management, weather condition detection, traffic monitoring systems, asset monitoring, automotive telematics, parking availability systems, variable traffic message signs, traffic enforcement cameras and traffic signal control systems.
ATMS market size is expected to witness substantial growth over USD 18.4 billion during the predicted time frame. APTS systems segment used in bus arrival notification systems, real time passenger information systems, etc. is anticipated to exhibit growth at a CAGR of over 13% in next 7 years.
Regional Market size insights:
The report covers the analysis of ITS at regional scale, including U.S., Canada, China, Brazil, Mexico, Argentina, Peru, Chile, Korea, Philippines, Indonesia, Taiwan, Japan, Australia, Singapore, New Zealand, Malaysia and India. Asia Pacific market size is forecast to see major growth. Significant implementation of this technology in China and India has impelled developments in sensor technologies. The Latin America market is predicted to experience growth at over 13%during the anticipated period. Positive regulatory initiatives, coupled with promotional activities are expected to propel the demand in the North America region. Germany market size is projected to experience growth over 11% by 2022.
Competitive Insights:
The report features an analysis of competitive industry with the key industry players profiled thoroughly. It covers market trends, business strategies of participants.
Some of the companies dominating the market are Q-Free ASA, Xerox Corp, Kapsch TrafficCom, Hitachi Ltd., Siemens AG, TomTom NV, SWARCO AG, Garmin International, IBM Corp, and Denso.
The report offers a 3600 view of the complete ITS market with regards to the geography, application areas and competitive landscape with the qualitative analysis of each and every feature of the segmentation. All the numbers, at every level of detail, are anticipated till 2022 to provide the potential size details of this market.
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.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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 Market to hit $47.5bn by 2022 here
News-ID: 579667 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for Corp
Investment Opportunities in 3D Display Market 2021-2027 for Sony Corp., Panasoni …
Allied Market Research published a new report, titled, "3D Display Market by Type (Volumetric Display, Stereoscopic Display, and HMD), Technology (Digital Light Processing (DLP), Plasma Display Panels (PDP), Organic LEDs (OLED), and LED), Access Methods (Screen Based Display and Micro Display), and Application (TV, Smartphones, Monitor, Mobile Computing Devices, Movie Projectors, HMD, and Others) - Global Opportunity Analysis and Industry Forecast, 2019-2027."
The market report provides an all-inclusive analysis of the…
Homeland Security Market Outlook - Post COVID-19 Scenario | IBM Corp, Lockheed M …
The homeland security market in Asia-Pacific region is projected to grow at significant rate during the forecast period, owing to increasing number terrorist activities, territorial wars, political unrest, protests, and government inclination towards police modernization in countries including India, Japan, China, and Sri Lanka.
North America accounted for majority of the global market share in 2015, and is expected to maintain its dominance during the forecast period due to heavy investment…
Emerging 3D Display Market to 2027 | Sony Corp., Panasonic Corp., LG Electronics …
3D display provides three dimensional visualization and a sense of depth to the viewer. 3D display is an emerging technology increasingly adopted in various fields such as gaming, photography, video, education, defense and engineering simulation. It is one of the new developments in the electronic industry as it offers a very immersive 3D viewing experience. Consumer electronics manufacturers (CEMs) are trying to change the user experience by enhancing their product…
3D Display Market | Sony Corp., Panasonic Corp., LG Electronics Inc., Samsung El …
A new market research report on the Global 3D Display market has introduced by KD Market Insights. The report is dedicated to in-depth industry analysis of the global 3D Display market. The Global 3D Display analysis is broken down on different segmentation levels including Market By Type, By Technology, By Access Methods, By Application.
3D display is an emerging technology increasingly adopted in various fields such as gaming, photography, video, education, defense, and engineering simulation. It is one of the…
3D TV Market Is Thriving Worldwide | LG Corp, Samsung, Sony Corp, Sharp Corp, To …
HTF MI recently introduced Global and India 3D TV Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are LG Corp, Samsung, Sony Corp, Sharp Corp, Toshiba Corp,…
Global 4K Digital Signage Market 2018 - Sharp Corp., Sony Corp., JVC Kenwood Cor …
Apex Market Reports, recently published a detailed market research study focused on the “4K Digital Signage Market” across the global, regional and country level. The report provides 360° analysis of “4K Digital Signage Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of 4K…
