2025 Intelligent Transportation System (ITS) Market Worldwide Study, drivers, future prediction trend

Intelligent transportation systems (ITS) is integrated application of information and communication technologies with an aim to provide highly efficient transportation related services and traffic management. In addition, ITS aids in improving the operational efficiency, enhancing road safety, maintaining sustainability of transportation networks and reducing traffic congestion. Various elements such as sensors, telematics, communication devices, and other data analysis applications form the integral components of an intelligent transportation system. Intelligent transportation system can be widely deployed in various applications as it makes use of parking availability system, collision avoidance system, and traffic enforcement camera among others.

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The increasing number of vehicles leading to traffic congestion has contributed to the need of intelligent transportation system for advance traffic control measures, thereby, propelling the global ITS market. In addition, the global ITS market is bolstered as various governments across the world are framing specific programs and taking initiatives to implement ITS, owing to an alarming need of deploying an efficient transportation system. For instance, the U.S. Department of Transport (DOT) is focusing extensively upon manufacturing intelligent vehicles and deploying intelligent infrastructure. The U.S. DOT has started a Federal ITS program with an aim to make research initiatives, investigative study and support the deployment of the intelligent system through an organized investment. Furthermore, the implementation of ITS can contribute in significant pollution reduction, thereby, benefiting the environment.

Companies Mentioned

- Agero, Inc.
- Xerox Corporation
- Lanner Electronics Incorporated
- Nuance Communications, Inc.
- Denso Corporation
- Q-Free ASA
- Siemens AG
- Hitachi, Ltd.
- WS Atkins PLC
- EFKON AG
- Iteris, Inc.
- Garmin Ltd.
- Telenav, Inc.
- TomTom International BV
- Kapsch TrafficCom AG
- Thales Group
- TransCore, LP
- Addco LLC
- Ricardo plc
- Sensys Networks, Inc.

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Global Intelligent Transport System Market Revenue and Forecasts to 2025 - Applications
10.1 Overview
10.1.1 Segment Share (%), 2014 & 2025
10.2 Traffic Signal Control System
10.3 Traffic Monitoring System
10.4 Fleet Management & Asset Monitoring System
10.5 Parking Availability System
10.6 Traffic Enforcement Camera
10.7 Collision Avoidance System
10.8 Others (Automotive Telematics, etc.)

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