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Intelligent Transportation System (ITS) Market Is Mainly Driven By Increasing Traffic Congestion
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The information and data in the publication Global Intelligent Transportation System Market Size, Share, Development, Growth and Demand Forecast to 2020 – Industry Insights by System (Advanced Traffic Management System, Cooperative Vehicle Systems, Advanced Transportation Pricing Systems, Advanced Public Transportation System, and Advanced Traveler Information System), by Application (Environment Protection, Public Transportation, Traffic Management, Road User Charging and Others” represent the research and analysis of data from various primary and secondary sources.
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The cooperative vehicle system accounts for the smallest share in the system segment of the global ITS market; however the category is expected to grow with the highest rate (13.7% CAGR) during the forecasted period. The highest growth rate of cooperative vehicle system is due to increasing need for improving energy efficiency of road transportation. During the previous years, the activities related to enhancement in cooperative vehicle system have increased considerably in Europe and Japan. This is because the trucks and automobiles in Europe and Japan are equipped with enhanced technologies.
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The major companies operating in the intelligent transportation system market include Thales SA, Kapsch TrafficCom AG, TomTom International BV, Nuance Communications Inc., Q-Free ASA, Denso Corporation, Efkon AG, TransCore LP, and Savari Inc.
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