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

  • Cross border enforcement a logical step
    January 30, 2012
    The logic supporting a cross-border enforcement Directive for the European Union (EU) is both detailed and compelling. The White Paper on European transport policy published in 2001 included the ambitious objective of reducing by 50 per cent by 2010 the number of people killed on the roads of the EU. But since 2005 the reduction in the number of road deaths has been slowing down: overall, the period from 2001 until 2009 saw the number of fatalities decrease by 36 per cent. According to Community indicators,
    Read More
  • Connected-car security market expected to reach US$759 million in seven years
    September 30, 2016
    With nearly 112 million vehicles now connected around the world, the global market for automotive cybersecurity is expected to grow exponentially – to US$759 million in 2023, according to a new report, Automotive Cyber-security and Connected Car, from IHS Automotive, part of business information provider IHS Markit. Connected cars are defined as those that have a connection to the internet, through telematics, an onboard modem or a paired device in the vehicle, such as a mobile phone or other device. One
    Read More
  • Kapsch signs €7.5m Norway free-flow tolling deal
    February 21, 2025
    Vegfinans will deploy Autopass MLFF across five counties
    Read More
  • Maturing photo enforcement gains legal status, public support
    August 2, 2012
    In the US, affirmation of the photo traffic enforcement sector's legal status and rising public support were significant aspects of 2009. James Tuton, President and CEO of American Traffic Solutions, looks back over the year. In 2009, the photo traffic enforcement industry in North America continued to grow and mature, accompanied by increased public, legislative and legal scrutiny. While public support remains strong, we also saw increased attempts to undermine the industry by representatives of a small bu
    Read More

Highlighted Content