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

  • Growing world market for night vision and driver monitoring systems
    August 15, 2014
    MarketsandMarkets’ latest report, Night Vision System (NVS) and Driver Monitoring System (DMS) Market for Passenger Cars - by Geography - Trends and Forecasts 2014-2019 classifies and defines the automotive night vision and driver monitoring systems market in terms of volume and value. The report highlights potential growth opportunities in the coming years as well as covers review of the - market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape,
  • Europe fastest growing region for ITS, says report
    April 15, 2016
    According to Technavio’s latest report, the global intelligent transport systems (ITS) market is expected to exceed US$58 billion by 2020, growing at a CAGR of over eight per cent during the forecast period. The global ITS market is expected to grow moderately during the forecast period. The major customer segments of ITSs are public departments, municipal corporations, government organizations, car and truck leasing companies, and construction firms. “These systems help make traffic and fleet manag
  • Connected car solutions to exceed 350 million by 2017
    May 24, 2012
    OEM and aftermarket connected car systems in use are expected to grow from 66 million in 2012 to 356 million in 2017, according to a new report from ABI Research. While OEM solutions are gaining momentum rapidly across the globe in the US, Europe, Japan, and China, aftermarket solutions will continue to be used for applications such as stolen vehicle tracking, insurance telematics, infotainment, and road user charging.
  • Intelligent transportation system market ‘worth $33.89 billion by 2020’
    July 17, 2015
    According to a new market research report by MarketsandMarkets, the intelligent transportation system market is expected to grow at a CAGR of 11.57 per cent between 2015 and 2020, and reach US$33.89 billion by 2020. The report, Intelligent Transportation System Market by Component (Interface Board, Sensor, Surveillance Camera and Others), System (ATMS, ATIS, ITS-Enable Transportation Pricing System, APTS, and CVO), Application, and Geography - Analysis & Forecast to 2015 – 2020, says that continuous inno