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Jul 13, 2018 7:00 PM ET

Intelligent Transportation System (ITS) Market is Anticipated to Register 6.91% CAGR through 2022

iCrowdNewswire - Jul 13, 2018

The Global Intelligent Transportation System (ITS) market was worth USD 14.58 billion in the year 2012 and is expected to reach approximately USD 28.45 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 6.91% during the forecast period. Intelligent Transportation System (ITS) is a blend of information technology and communication with transportation systems which builds the productivity of transport process and enhances traveler security. A proficient transportation system positively affects the low number of road mishaps, decrease in debilitate discharges and less travel time. Systems as such give comfort to explorers in the case of driving a vehicle independently or utilizing open transport. The requirement for incorporated versatile systems in public transit has been on the ascent because of worries of public safety. Contemporary transportation providers are seeking after flexible vehicle computing systems incorporating portable surveillance, monitoring and tracking to guarantee the security of their travelers and simplify implementation procedure.

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Application Outlook and Trend Analysis:

In 2015 Environment protection portion was esteemed at USD 546.6 million. This section is relied upon to witness quickest development attributable to the requirement for decreasing fumes outflows. It is one of the key needs of intelligent transportation systems, which is focused through bringing down of carbon dioxide and greenhouse gases concentration in thickly populated territories through traffic management. In 2015 Movement administration represented more than 30.5 percent of the general profit. These resolutions are utilized to enhance road networks by diminishing the financial pressure on administrative experts as it diminishes investment required to uphold traffic blockage control.

Regional Outlook and Trend Analysis:

In 2015 Asia Pacific represented more than 23 percent income share and is expected to be the quickest developing area inferable from the adoption of ITS in Hong Kong, India, and Australia. Government controls and principles for ITS to deploy self-driving autonomous cars is boosting the requirement for systems like these in the district. For example, in the Republic of Korea, the distribution of ITS has expanded the average traffic speed by 20 percent. In 2015 North America ruled the market attributable to the instigating requirement from public and private division in the United States Government activities and arrangement of security advancements in business vehicles has expanded the buyer base over recent years.

Intelligent Transportation System (ITS) Market – By Region:

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America 
(U.S, Canada, Mexico)
Europe 
(Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific 
(Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World 
(Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)

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 Intelligent Transportation System (ITS) Market – List of Tables

Table 1.Global Intelligent Transportation System (ITS) Market, By Type, 2012-2022 ($Million)
Table 2.ATIS Market, By Region, 2012-2022 ($Million)
Table 3.ATMS Market, By Region, 2012-2022 ($Million)
Table 4.ATPS Market, By Region, 2012-2022 ($Million)
Table 5.APTS Market, By Region, 2012-2022 ($Million)
Table 6.Cooperative Vehicle System Market, By Region, 2012-2022 ($Million)
Table 7.Global Intelligent Transportation System (ITS) Market, By Application, 2012-2022 ($Million)
Table 8.Traffic Management Market, By Region, 2012-2022 ($Million)
Table 9.Road Safety and Security Market, By Region, 2012-2022 ($Million)
Table 10.Freight Management Market, By Region, 2012-2022 ($Million)
Table 11.Public Transport Market, By Region, 2012-2022 ($Million)
Table 12.Environment Protection Market, By Region, 2012-2022 ($Million)
Table 13.Automotive Telematics Market, By Region, 2012-2022 ($Million)
Table 14.Parking Management Market, By Region, 2012-2022 ($Million)
Table 15.Road User Charging Market, By Region, 2012-2022 ($Million)
Table 16.North America Intelligent Transportation System (ITS) Market, By Country, 2012-2022 ($Million)
Table 17.North America Intelligent Transportation System (ITS) Market, By Type, 2012-2022 ($Million)

Reason to Buy:

1) An extensive research study on the Global Intelligent Transportation System (ITS) Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Intelligent Transportation System (ITS) Market.

2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.

3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.

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