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

  • Mobility, autonomous vehicles, connected cars and big data analytics ‘present growth opportunities in 2017’
    June 8, 2017
    New research by Frost & Sullivan indicates that e-mobility solutions, autonomous vehicle technology, and other digitisation advances are creating new and exciting opportunities in the automotive industry.
  • Smart highways market ‘worth US$27,992 million by 2019’
    October 9, 2014
    A new research report by MarketsandMarkets, "Smart Highway Market by Technology (Intelligent Transportation Management, Intelligent Traffic Management, Communication, Monitoring), and by Display (Variable Message Signs, Digital Signage) - Global Forecast to 2019", estimates that the global Smart Highways Market is US$12,564.4 million in 2014 and is expected to grow to US$27,992 million in 2019. This represents an estimated compound annual growth rate (CAGR) of 17.4 per cent from 2014 to 2019. In the cur
  • EV market intelligence portal launched
    February 14, 2014
    IDTechEx has launched a new browser-based electric vehicle market intelligence portal which provides companies with real-time global analysis of the total electric vehicles market for land, water and air. The portal is based on an active and continuous program of interviews, data gathering and analysis by PhD-level IDTechEx analysts. Subscription will help clients take a concise and focused approach to accelerate growth and capture opportunities with minimal risk from disruptive technologies. Electri
  • Hybrid and EVs growth impact on traction motors predicted by Frost & Sullivan
    May 17, 2012
    Electrification in vehicles is a key trend in the automotive industry. The increase in electric components within vehicles is boosting the market for traction motors and Frost & Sullivan says it anticipates the European traction motor market to grow at a compound annual growth rate (CAGR) of 50 per cent for hybrid electric vehicles (HEVs) and electric vehicles (EVs). Permanent magnet motors are expected to dominate the market by virtue of their performance and efficiency. However, the growing concern over t