Skip to main content

ITS market ‘expected to reach US$24.75 billion by 2017’

According to the latest research report from research and Markets, the global intelligent transportation system (ITS) market is expected to reach $24.75 billion by 2017 at an estimated CAGR of 12 per cent. North America is seen as a market leader in the ITS market. This report deals with all the driving factors, restraints, and opportunities for the ITS market, which are helpful in identifying trends and key success factors for the industry. The report also profiles companies active in the field of ITS a
January 10, 2014 Read time: 2 mins
According to the latest research report from 7527 Research and Markets, the global intelligent transportation system (ITS) market is expected to reach $24.75 billion by 2017 at an estimated CAGR of 12 per cent. North America is seen as a market leader in the ITS market.

This report deals with all the driving factors, restraints, and opportunities for the ITS market, which are helpful in identifying trends and key success factors for the industry. The report also profiles companies active in the field of ITS and provides the competitive landscape of the players, which covers key growth strategies, followed by all the major players. It also highlights the winning imperatives and burning issues pertaining to ITS industry. The report formulates the entire value chain of the ITS market; right from data source to the applications of the ITS.

This research report categorises the global ITS market, based on systems and applications market; it also covers the forecasted revenue from 2012 to 2017 and future applications of ITS. This report also shows the various activities that are being conducted by different institutes, universities, and non-profit organisations. It describes the deployments of ITS systems in various regions. The report describes the applications mapping in the ITS market with respect to the growth potential and adoption by the users.

The global ITS market is categorised into various systems such as advanced traffic management systems (ATMS), advanced traveller information systems (ATIS), ITS-enabled transportation pricing system, advanced public transportation system, and commercial vehicle operation. This report also describes vehicle-to-infrastructure interaction and vehicle-to-vehicle interaction.

The geographical analysis covers North America, Europe, Asia-Pacific, and ROW. In this report, North America is further segregated by countries such as the US, Canada, and Mexico. Europe is further segregated into Germany, UK, France, Italy, and others. APAC is segregated into Australia, China, Japan, South Korea, and India. ROW is segregated into Africa and Middle East.

For more information on companies in this article

Related Content

  • Electric Vehicle Charging Stations - Market Analysis and Forecast to 2020
    July 7, 2014
    GlobalData, the industry analysis specialist, has released its latest research, "Electric Vehicle Charging Stations - Market Analysis and Forecast to 2020", which provides in-depth analysis of the level 2 and 3 electric vehicle (EV) charging station markets at global and country level. The widespread use of EVs has inevitably led to a rise in the installation of EV charging stations. EVs emit less carbon dioxide than internal combustion engine (ICE) vehicles, and many governments have announced EV target
  • Global smart cities market expected to reach US$1,265.85 billion by 2019
    June 12, 2014
    According to a new market report published by Transparency Market Research "Smart Cities Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", the global smart cities market is expected to reach a value of US$1,265.85 billion by 2019, growing at a CAGR of 14.0 per cent from 2013 to 2019. Increase in migration from rural to urban areas is the major factor responsible for the growth of smart cities market, globally. North America was the largest contributor to the smart ci
  • Transport management systems market ‘offers opportunities for emerging players’
    May 23, 2017
    Dominance in the global transportation management systems (TMS) market lies with a few companies, despite which the market exhibits considerable opportunities for emerging players, according to a new report by Transparency Market Research (TMR). Currently, companies such as SAP SE, Oracle Corporation, Descartes Systems Group, JDA Software Group, and Manhattan Association hold dominance in the global transportation management system market, says the study. The report also identifies companies such as BluJa
  • Public safety demand driving ITS market growth, says report
    April 13, 2016
    The latest report from RnR Market Research indicates that one of the major factors positively impacting the intelligent transport systems market is the growing need for public safety as collision avoidance and dynamic warning systems are introduced to reduce the frequency of accidents by making users more aware of their surroundings. The analysts forecast global intelligent transport systems market to grow at a CAGR of 8.23 per cent during the period 2016-2020. The report, Global Intelligent Transport Sy