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

  • 2012 US Urban Mobility Report published
    February 8, 2013
    Researchers at the Texas A&M Transportation Institute (TTI) have come up with a way to measure the unreliability of trip times due to traffic congestion. The Planning Time Index (PTI) illustrates the amount of extra time needed to arrive on time for higher priority events, such as an airline departure, just-in-time shipments, medical appointments or especially important social commitments. If the PTI for a particular trip is 3.00, a traveller would allow sixty minutes for a trip that typically takes twenty
    Read More
  • New name offers new solutions
    November 26, 2013
    Pete Goldin examines Nokia’s rationale for combining its location services, digital mapping and other capabilities under the HERE brand. While it has divested itself of its mobile phone business to Microsoft, Nokia has kept hold of its HERE business unit and brand which incorporates the company’s location services with digital mapping and other capabilities. The creation of HERE is much more than rebranding as its services are heading off the map and into the cloud. “HERE offers the first location cloud
    Read More
  • Iteris awarded major MAP-21 services contract
    August 29, 2014
    Iteris is to help transportation agencies with the various elements of Moving Ahead for Progress in the 21st Century (MAP-21) requirements under a US$1.2 million task order awarded by the National Highway Institute (NHI). The contract also includes assistance with the implementation of performance measures into their existing planning processes. These programs assist federal, state, and local agencies to comply with MAP-21 performance management provisions. “This new task order further reflects our posit
    Read More
  • Single system simplicity for smarter city transport
    February 23, 2017
    All encompassing, city-wide transport monitoring and control systems are beginning to make their way onto the market, as Colin Sowman hears. The futuristic vision of cities where everything is connected and operated with maximum efficiency by a gigantic computer remains a distant prospect but related sectors and services are beginning to coalesce: transport monitoring and control for instance.
    Read More

Highlighted Content