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.

Related Content

  • February 13, 2014
    Transportation management market set to grow 12.3 per cent by 2019
    MarketsandMarkets recently conducted a study on the Transportation Management Market [Transportation Management Systems, Fleet Management Solutions, Freight Audit & Payment, Route Planning & Optimisation, Managed Services, Business Services] - Global Advancements Market Forecasts and Analysis (2014 - 2019), which analysed and studied the major market drivers, restraints, and opportunities in North America, Europe, Middle East and Africa, Asia Pacific (including Japan), and Latin America. The study report
  • July 14, 2014
    Traffic management market ‘worth US$16.89 billion by 2019’
    A recent study by MarketdsandMarkets, Traffic Management Market by Solutions, Displays & Systems (Full Pedestrian, Parking Space and Toll Management, Above Ground Pedestrian and Vehicle Detection) - Global Advancements, Projects, Worldwide Forecast & Analysis (2014 - 2019) analysed and studied the major market drivers, restraints, and opportunities in North America, Western Europe, CIS and Eastern Europe, Middle East and Africa, Asia-Pacific and Latin America. The study reports that the traffic manageme
  • December 9, 2015
    Growth of global collision avoidance system market to 2020
    The latest report from Reports and Reports indicates that the global market for collision avoidance systems is expected to grow at a CAGR of 7.74 per cent between 2015 and 2020. This report segments the collision avoidance system market comprehensively and provides a close approximation of the size of the overall market and its sub-segments across verticals and regions. The worldwide collision avoidance systems market is expected to be driven by the growing focus of consumers and OEMs on safety features
  • May 15, 2015
    ITS market expected to reach $33.75 billion by 2020
    According to a new market research report by MarketsandMarkets, Intelligent Transportation Systems - Analysis and Forecast to 2014 – 2020, the intelligent transport systems (ITS) market is expected to grow at a CAGR of 11.30 per cent from 2014 to 2020 and reach US$33.75 billion in 2020. The report describes the market trends, drivers and challenges of ITS market and forecasts the ITS market from 2013 to 2020, based on the various systems of ITS, applications, and geography. This report covers geographies