Intelligent Transportation System Market is Booming Worldwide Scrutinized in New Research
Market Overview
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Intelligent Transportation System Market -
Regional Analysis
Trends of the intelligent transportation
system market is studied across North America, South America, EU, Asia Pacific,
and the ROW. North America intelligent transport system market is
expected to secure the largest share in the years to come. The intelligent
transportation system market in EU is expected to thrive at 12.83% CAGR in the
review period. In Asia Pacific, the intelligent transportation system market
value can escalate from USD 5.65 billion to USD 12.10 billion from 2016 to
2022. The market in ROW is anticipated to rise at 8.67% CAGR in forecast
period.
The regions that are developing economically
have high demand for ITS systems. The increased adoption of intelligent
transportation systems in these regions can contribute significantly to the
rise of the market in these regions. The high importance of ITS systems across
booming sectors in different regions can impact the rise of the market in these
regions. In APAC, the need to effectively manage traffic congestions can impel
the expansion of the intelligent market in the years ahead. The rise in focus
on road safety and challenges in urban planning are supporting the adoption of
intelligent transportation, especially in densely populated regions of APAC.
This can support the expansion of the intelligent transport market in the years
ahead. The growing dynamics of commute industry across organized sector can
support the expansion of the intelligent transport system market in the years
ahead. In Europe, followed by North America, the ITS market are observed to
gain high profits in the years ahead. The increased awareness about benefits of
ITS can support the regional expansion of the market in approaching
years.
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Key Players
The key players of Intelligent Transportation
System are Roper Industries, Inc. (U.S), Hitachi Ltd. (Japan), Siemens AG
(Germany), Thales S.A. (France), Xerox Corporation (U.S.), BRISA (Portugal),
Kapsch AG (Austria) ¸Q-Free ASA (Norway), Efkon AG (Austria), Lanner
Electronics Inc. (Taiwan). Some of the other key players are Denso Corporation
(Japan), TomTom International BV (Netherlands), Savari Inc. (U.S.), Nuance
Communications Inc. (U.S), Garmin Ltd. (Switzerland) and others.
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