Global Intelligent Transport Systems Market to grow at a CAGR of 8.23% during the period 2016 - 2020; Finds New Report

Report forecast the global intelligent transport systems market to grow at a CAGR of 8.23% during the period 2016-2020.

An intelligent transport system (ITS) is a sophisticated application that provides solutions relating to different modes of traffic and transport management. The traffic management process is rationalized with the optimization of quality and reduction of the costs incurred and the time of implementation of decisions.

The different types of ITSs include advanced traffic management systems (ATMSs), public transport ITSs, freight and commercial ITSs, road user charging, ETC systems, security and crime reduction ITSs, road safety systems, ITS communications, and automotive and infotainment telematics. These solutions are used for many applications, especially by governments, and the construction sector municipal authorities. They are also used to prevent accidents, detect the location of vehicles, handle congestion, and control vehicle emission levels.

The report covers the present scenario and the growth prospects of the global intelligent transport systems market for the period 2016-2020. To calculate the market size, the report takes into account the total revenue generated from the different geographical regions.

The market is divided into the following segments based on geography:

• Americas
• APAC
• Europe
• ROW

According to the report, one of the major factors that is impacting the market positively is the growing need for public safety. Collision avoidance and dynamic warning systems are introduced to reduce the frequency of accidents by making users more aware of their surroundings.

Further, the report states that one of the major barriers is the increasing sophistication of safety and security threats.

Global Intelligent Transport System Market 2016-2020, 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.

key players in the Global Intelligent Transport System Market: 3M, Denso, EFKON, Kapsch TrafficCom, Traffic Tech Middle East, and TransCore.

Other Prominent Vendors in the market are: ADDCO, Agero, DENSO, Garmin, Hitachi, International Road Dynamics, Lanner, Metro Infrasys, Mitsubishi Heavy Industries, Omron, Perceptics, SAIC, Sensys Gatso Group, Telenav, TomTom, TRMI Systems Integration, Watchdata Technologies, and Xerox.

Market driver

• Growing need for public safety
• For a full, detailed list, view our report

Market challenge

• Increasing sophistication of safety and security threats
• For a full, detailed list, view our report

Market trend

• Smart vehicles on smart roads
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 83 pages and 44 Exhibit “Global Intelligent Transport System Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market opportunity assessment, Market Segmentation by Product, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, List of abbreviations.

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