Global Intelligent Transport System Market – Size, Share, Trends, and Analysis, 2017-2021

Big Market Research added a report on “Global Intelligent Transport System (ITS) Market 2017-2021”

About Intelligent Transport System (ITS)

An intelligent transport system (ITS) market is a sophisticated solution that provides solutions related to different modes of traffic and transport management. The traffic management process is rationalized with the optimization of quality, reduction of the costs incurred, and the time taken to implement decisions. The different types of ITS include network management systems, public transport ITS, freight and commercial ITS, road safety system, security and crime reduction ITS, Communication ITS, and automotive and infotainment telematics.

Technavio’s analysts forecast the global intelligent transport system (its) market to grow at a CAGR of 8.70% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global intelligent transport system market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the global ITS market.

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The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio’s report, Global Intelligent Transport System (ITS) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

3M

Kapsch Group

Neology

Q-Free

Siemens

TransCore

Other prominent vendors

ADDCO LLC

Agero

DENSO CORPORATION

EFKON

International Road Dynamics

KLD Engineering

Lanner

Peek Traffic Corporation

Traffic Tech (Gulf)

Market driver

Increasing road traffic congestion in Asian countries

For a full, detailed list, view our report

Market challenge

Higher setup cost and operating cost

For a full, detailed list, view our report

Market trend

Impact of standardization in ITS

For a full, detailed list, view our report

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