ITS market 2012 – 2017

According to a new market research report ‘Intelligent Transport Systems (ITS) Market - Trends, Adoption & Worldwide Forecasts (2012 – 2017)’ published by MarketsandMarkets, the total market is expected to reach US$24.75 billion by 2017, at a CAGR of 12 per cent from 2012 to 2017. . North America is the market leader in the overall ITS market; followed by Europe and APAC. In the rest of the world (ROW), the Middle East, and Africa are the largest contributors.
August 21, 2012 Read time: 2 mins
According to a new market research report ‘Intelligent Transport Systems (ITS) Market - Trends, Adoption & Worldwide Forecasts (2012 – 2017)’ published by 6418 MarketsAndMarkets, the total market is expected to reach US$24.75 billion by 2017, at a CAGR of 12 per cent from 2012 to 2017. . North America is the market leader in the overall ITS market; followed by Europe and APAC. In the rest of the world (ROW), the Middle East, and Africa are the largest contributors.

This report covers the major applications of the ITS on the basis of the different functions performed by the various ITS systems. The major applications of ITS covered are fleet management and asset monitoring, traffic monitoring, collision avoidance system, traffic signal control system, variable traffic message signs, parking availability system and traffic enforcement cameras. The report describes the overall market into four major geographical segments - North America, Europe, APAC, and ROW. All the four major regions are further segmented into the major countries.

For more information on companies in this article

Related Content

  • Machine vision’s image of road management’s future
    June 11, 2015
    Q-Free’s Marco Sinnema looks at how the commoditisation of high-quality vision-based solutions is widening their application. Machine vision technology’s entry into the ITS/traffic management sector has followed a classic top-down path. This is unsurprising given the extremely demanding performance criteria which are the standard in its market of origin, manufacturing processing. Very high image qualities combined with frame rates often in the hundreds per second range resulted in vision systems with capabi
    Read More
  • Global ETC solution revenues to grow to $8.5 billion by 2018
    July 26, 2013
    Global electronic toll collection (ETC) systems revenues are expected to grow from US$4.48 billion in 2013 to US$8.5 billion in 2018, with a CAGR of 14 per cent and North America as the vital region., according to a new report from ABI Research, Electronic Toll Collection: A Key Business Driver for ITS and V2I. The study covers types of ETC (highway, urban, and area tolling), ETC technologies (RFID, DRSC, video, and GNSS/cellular), use cases and benefits, as well as an in-depth review of the main implementa
    Read More
  • Road safety, fatalities increasing adoption of enforcement cameras, says research
    July 8, 2016
    According to a new market report published by Credence Research, Traffic Enforcement Camera Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015-2022, stringent road safety regulations and efforts to reduce road fatalities across the world are increasing the adoption of traffic enforcement cameras. In addition, road safety programs to improve motorist and pedestrian safety are also expected to influence the market growth in future. Countries across the world are continuously
    Read More
  • Fleet management systems in the Americas ‘will exceed 13 million units by 2019’
    November 10, 2015
    According to a new research report from analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in North America was 4.7 million in the fourth quarter of 2014. Growing at a compound annual growth rate (CAGR) of 15.5 percent, this number is expected to reach 9.7 million by 2019. In Latin America, the number of active fleet management systems is expected to increase from 2.1 million in the fourth quarter of 2014, growing at a CAGR of 14.6 percent to re
    Read More

Highlighted Content