Intelligent Transport System (ITS) Market Rising at 8.70% CAGR During 2017-2021: Analysis of Key Players, Trends, Drivers, & Challenges
The Research report analysts forecast the global intelligent transport system (its) market to grow at a CAGR of 8.70% during the period 2017-2021.
An intelligent transport system (ITS) is a sophisticated solution that provides solutions related to different modes of traffic and transport management. The traffic management process is rationalized with the optimization of quality, reduction of the costs incurred, and the time taken to implement decisions. The different types of ITS include network management systems, public transport ITS, freight and commercial ITS, road safety system, security and crime reduction ITS, Communication ITS, and automotive and infotainment telematics.
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Covered in this report
The report covers the present scenario and the growth prospects of the global intelligent transport system market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the global ITS market.
The market is divided into the following segments based on geography: Americas, APAC and EMEA.
The Research Report, Global Intelligent Transport System (ITS) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Global Intelligent Transport System (ITS) Market Key vendors: 3M, Kapsch Group, Neology, Q-Free, Siemens and TransCore
Other prominent vendors: ADDCO LLC, Agero, DENSO CORPORATION, EFKON, International Road Dynamics, KLD Engineering, Lanner, Peek Traffic Corporation and Traffic Tech (Gulf).
Increasing road traffic congestion in Asian countries
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Higher setup cost and operating cost
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Impact of standardization in ITS
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Key questions answered in this report
What will the Global Intelligent Transport System (ITS) Market size be in 2021 and what will the growth rate be?
What are the key of Global Intelligent Transport System (ITS) Market trends?
What is driving this Global Intelligent Transport System (ITS) Market?
What are the challenges to Global Intelligent Transport System (ITS) Market growth?
Who are the key vendors in this Global Intelligent Transport System (ITS) Market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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Related Reports: -
Global Intelligent Transport Systems Market Research Report 2017
In this report, the global Intelligent Transport Systems market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
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