ITS market expected to reach $33.75 billion by 2020

According to a new market research report by MarketsandMarkets, Intelligent Transportation Systems - Analysis and Forecast to 2014 – 2020, the intelligent transport systems (ITS) market is expected to grow at a CAGR of 11.30 per cent from 2014 to 2020 and reach US$33.75 billion in 2020. The report describes the market trends, drivers and challenges of ITS market and forecasts the ITS market from 2013 to 2020, based on the various systems of ITS, applications, and geography. This report covers geographies
May 15, 2015 Read time: 1 min
According to a new market research report by 6418 MarketsandMarkets, Intelligent Transportation Systems - Analysis and Forecast to 2014 – 2020, the intelligent transport systems (ITS) market is expected to grow at a CAGR of 11.30 per cent from 2014 to 2020 and reach US$33.75 billion in 2020.

The report describes the market trends, drivers and challenges of ITS market and forecasts the ITS market from 2013 to 2020, based on the various systems of ITS, applications, and geography. This report covers geographies such as the Americas, Europe, APAC, and ROW (rest of the world).

The major driving factors for ITS are solutions to traffic congestion and government support; public private partnership is the key to the success in implementing intelligent transportation systems.

The report also discusses various new technologies like V2V and V2I communication systems; it also includes the prominent architecture of ITS and insights of standards used in ITS.

For more information on companies in this article

Related Content

  • New markets for travel information apps
    November 26, 2013
    Purpose-designed travel information apps are emerging to support the real estate market in the US – and potentially more widely – in a major diversification away from the conventional automotive and navigation device sectors. In July 2013, Washington State-based Imprev, which develops web-based marketing support aids for realtors, announced its App Generator. Claimed as an industry first, this enables property businesses to create their own branded mobile apps to give away as marketing tools to potential
    Read More
  • Reflecting on five years of important ITS progress
    January 7, 2013
    Former head of the ITS Joint Program Office Shelley Row has passed the baton to a new director. Now working as an independent consultant, here she reflects on her five years at the helm of the JPO and what the future may hold for ITS in the US. During a mid-morning in Paris earlier this year, having just landed, I decided to take a trip on the city’s subway (Paris’ underground metro) into the city centre. A family with a small boy – about nine years old – boarded the same train. They were American and we st
    Read More
  • Electric Vehicle Charging Stations - Market Analysis and Forecast to 2020
    July 7, 2014
    GlobalData, the industry analysis specialist, has released its latest research, "Electric Vehicle Charging Stations - Market Analysis and Forecast to 2020", which provides in-depth analysis of the level 2 and 3 electric vehicle (EV) charging station markets at global and country level. The widespread use of EVs has inevitably led to a rise in the installation of EV charging stations. EVs emit less carbon dioxide than internal combustion engine (ICE) vehicles, and many governments have announced EV target
    Read More
  • Israel aspires to ITS-led future
    May 29, 2013
    Shay Soffer, Chief Scientist with the Israel National Road Safety Authority, talks to Jason Barnes about his country’s current ITS outlook and how he sees this developing in the future. Israel ranks alongside countries such as the US and France in the road safety stakes, with an average 7.1 deaths per billion kilometres driven. But at that point the similarities end, as the country’s overriding issue is pedestrian safety. This is driven by several factors, including being a relatively small country where pe
    Read More

Highlighted Content