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

  • Fleet management systems to reach 7.1 million in Europe by 2018
    October 15, 2014
    According to a new research report from analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in Europe was 3.65 million in quarter 4 2013. Growing at a compound annual growth rate (CAGR) of 14.2 per cent, this number is expected to reach 7.10 million by 2018. A group of international aftermarket solution providers has emerged as leaders in the European fleet management market. Masternaut reported an active installed base of close to 350,000 units
    Read More
  • Q&A: Why has Almaviva bought Iteris?
    January 17, 2025
    US-based ITS sector veteran Iteris has been bought for $335m by Italian digital specialist Almaviva. But who exactly is the new owner and what does it want? Adam Hill finds out…
    Read More
  • Electric vehicle infrastructure market set to grow
    June 10, 2016
    According to a new TechSci Research report, Global Electric Vehicle Infrastructure Market By Type, by Installed Location, by Region, Competition Forecast and Opportunities, 2011 - 2021, the global market for electric vehicle infrastructure is projected to grow at a CAGR of over 27 per cent during 2016-2021, on account of favourable government policies that promote adoption of electric vehicles and growing concerns over harmful effects of air pollution. Additionally, grid integration of electric vehicles
    Read More
  • Hard shoulder running aids uniform traffic flow and safer driving
    January 23, 2012
    David Crawford detects a market for European experience. Well-established now in at least three European countries, Hard Shoulder Running (HSR) on motorways is exciting growing interest in the US. A November 2010 Report to Congress by the Federal Highway Administration (FHWA), on the Efficient Use of Highway Capacity, notes the role of HSR in the European-style Active Traffic Management (ATM) strategies now being recommended for implementation in the US where, until recently, they were virtually unknown.
    Read More

Highlighted Content