360° Coverage : Intelligent Transportation System Market (ITS) is Expected to...

1 Updates

Intelligent Transportation System Market (ITS) is Expected to Reach USD 30.2 Billion by 2019: Transparency Market Research

Apr 20 2014, 2:06am CDT | by

Transparency Market Research Report Add "Intelligent Transportation System (ITS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" to its database.

Albany, NY, April 20, 2014 --(PR.com)-- The demand of Intelligent Transportation System Market is rising globally due to increased congestion in metropolitan areas. Development and deployment of...

Filed under: news

YouTube Videos

 
 
 

26 weeks ago

Intelligent Transportation System Market (ITS) is Expected to Reach USD 30.2 Billion by 2019: Transparency Market Research

Apr 20 2014, 2:06am CDT | by

Transparency Market Research Report Add "Intelligent Transportation System (ITS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" to its database.

Albany, NY, April 20, 2014 --(PR.com)-- The demand of Intelligent Transportation System Market is rising globally due to increased congestion in metropolitan areas. Development and deployment of intelligent transportation system not only reduces traffic, but also reduces number of accidents and improves quality of life by controlling vehicle emission levels. In addition, these systems reduce financial burden on countries by reducing fuel consumptions and traveling delays. These benefits of ITS systems are motivating both developed and developing countries to invest in these technologies instead of spending huge amount on transportation network expansion.

Browse the full report with complete TOC at http://www.transparencymarketresearch.com/intelligent-transportation-system-market.html.

Advanced transportation management systems (ATMS) used for traffic control and management accounted for the largest revenue share of 42.1% of the overall market. Significant investment is expected in this segment with increasing traffic problems in both developed and developing economies across the world. Advanced vehicle pricing systems which include electronic toll collection, congestion pricing, vehicle mile travel and other road user charging systems are expected to have a huge demand across the world. This is due to the increasing attention of highway and local transportation operators to reduce traffic on both urban and inter-urban transportation networks.

Traffic management and road user charging were two dominating applications with a share of 58% in 2012. Environment protection is emerging as well as the fastest growing application of ITS. In addition, automotive telematics is another major segment in ITS applications. Huge demand for vehicle position systems and navigation systems are expected from both vehicle manufacturers and owners due to increasing need to access real-time information. Advancement in wireless technologies are playing important role in the development of automotive telematics market. In wireless technologies, market is moving from dedicated short range communication (DSRC) technology to more sophisticated satellite based vehicle positioning systems (VPS) due to their higher adaptability and flexibility.

Global ITS market was dominated by North America and accounted for 42.2% of the revenue share in 2012. Government initiative and promotional activities particularly in the U.S. increased the demand for ITS systems in both public and private sector in North America. Asia-Pacific is the fastest growing region in the global market through the estimated period and huge investment is expected from developing countries including India, China, Thailand and Malaysia. In addition, large development in ITS market is expected in Middle East, Africa and South America as countries in these regions are investing in the transportation sector to support their economic growth.

Global ITS industry looks very competitive with large numbers of multinational and domestic hardware, software and end-use solution suppliers. The major players in the global ITS market include Siemens AG (Germany), Kapsch TrafficCom AG(Austria), Hitachi Ltd (Japan), Q-Free ASA (Norway), TomTom NV (Netherlands), Denso Corp (Japan), Xerox (U.S.) and others.

The global intelligent transportation system market is segmented as below:
By type

Advanced traveler information systems (ATIS)
Advanced transportation management systems (ATMS)
Advanced transportation pricing systems (ATPS)
Advanced public transportation systems (APTS)
Cooperative systems

By application

Traffic management
Road safety and surveillance
Freight management
Public transport
Environment protection
Automotive telematics
Parking management
Road user charging

By Geography

North America

U.S.

Canada

Mexico

Europe

UK

Germany

Italy

Russia

Rest of Europe

Asia-Pacific

Australia

China

India

Japan

Singapore

Korea

Rest of Asia-Pacific

Rest of the World

Middle East

South America

Africa

Contact Information:
Transparency Market Research
Nitin Sirsat
+1-518-618-1030
Contact via Email
http://www.transparencymarketresearch.com
90 State Street,
Suite 700,
Albany, NY - 12207
United States

Read the full story here: http://www.pr.com/press-release/553794

Press Release Distributed by PR.com

 

Don't miss ...

 

<a href="/latest_stories/all/all/29" rel="author">PR.com</a>
PR.com press-releases.

 

blog comments powered by Disqus

Latest stories

US Healthcare worker tests positive for Ebola
New York, Oct 24 (IANS) A healthcare worker in New York, who had returned form Guinea last week, has tested positive for Ebola, media reports said.
 
 
India stands firm on objections to WTO Doha Round deal
United Nations, Oct 24 (IANS) Even as the World Trade Organisation's trade deal remained stalled due to India's objections, an Indian envoy at the UN stood firm on them, declaring a "permanent solution on food security with necessary changes in World Trade Organisation (WTO) rules, if required, is a must and cannot be kicked down the road".
 
 
India firm on objections to WTO Doha Round deal over food security
United Nations, Oct 24 (IANS) Even as the World Trade Organisation's trade deal remained stalled due to India's objections, an Indian envoy at the UN stood firm on them, declaring a "permanent solution on food security with necessary changes in World Trade Organisation (WTO) rules, if required, is a must and cannot be kicked down the road".
 
 
Twitter declares war on passwords
San Francisco, Oct 24 (IANS/EFE) Twitter formally declared war on passwords during a developers' conference in San Francisco, unveiling a new system that allows users to log-in to mobile apps with a phone number.
 
 
 

Latest from the Network

Second MERS case reported in Qatar
Doha, Oct 23 (IANS) A 43-year-old man in Qatar has tested positive for Middle East Respiratory Syndrome (MERS) in the second confirmed case of the deadly virus in 10 days, media reported Thursday. The patient had...
Read more on Business Balla
 
Two people die in Pakistan bomb blast
Islamabad, Oct 23 (IANS) At least two people were killed and 12 others injured in an explosion that took place in Pakistan's Balochistan province Thursday, media reported. The bomb was planted on a motorcycle, Dawn...
Read more on Politics Balla
 
Trott extends contract with Warwickshire till 2017
London, Oct 23 (IANS) England batsman Jonathan Trott, whose mental issues led to his abrupt departure from last winter's Ashes tour, has confirmed his successful comeback to competitive cricket by signing a new three-...
Read more on Sport Balla
 
Srikanth, Kashyap big movers in BWF rankings
Kuala Lumpur, Oct 23 (IANS) Indian men shuttlers Kidambi Srikanth and Parupalli Kashyap jumped seven places each in the latest Badminton World Federation (BWF) rankings released Thursday while Olympic bronze medallist...
Read more on Sport Balla
 
Alvin Stardust dead
London, Oct 23 (IANS) English singer Alvin Stardust died after a short illness. He was 72. Stardust's manager confirmed the news about his demise Thursday, reports mirror.co.uk. He was recently diagnosed with...
Read more on Celebrity Balla
 
Indian man reunited with family after 40 years
Dubai, Oct 23 (IANS) An Indian man, who had disappeared from his hometown in Kerala nearly 40 years ago, has been found by his family at a hospital in Dubai in the UAE, a newspaper report said. Now in his 60s, Abdulla...
Read more on Politics Balla
 
Srikanth, Kashyap, Saina rise in world rankings
Kala Lumpur, Oct 23 (IANS) Indian men shuttlers Kidambi Srikanth and Parupalli Kashyap jumped seven places each in the latest released Badminton World Federation (BWF) rankings Thursday while Olympic bronze medallist...
Read more on Sport Balla
 
Flintoff signs for Big Bash side Brisbane Heat
Brisbane, Oct 23 (IANS) Former England captain and all-rounder Andrew Flintoff, who retired from international cricket in 2009, Wednesday confirmed that he will play for Brisbane Heat in the Big Bash League (BBL) this...
Read more on Sport Balla
 
OPEC daily basket price falls again
Vienna, Oct 23 (IANS/WAM) The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) closed at $81.94 a barrel Wednesday compared to $82.09 Tuesday, the OPEC Secretariat said. The new OPEC...
Read more on Business Balla
 
Lopez to sign multi-million dollar deal?
Los Angeles, Oct 23 (IANS) Singer-actress Jennifer Lopez is reportedly in the final stages of securing a multi-million dollar deal to perform in Las Vegas. The 45-year-old is being offered $350,000 per show at The...
Read more on Celebrity Balla