Market of Intelligent Transportation System (ITS) Growing at 11% CAGR to 2020

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Jul 17, 2015, 02:20 ET

DALLAS, July 17, 2015 /PRNewswire/ --

RnRMarketResearch.com adds Intelligent Transportation System Market by Component, System, Application and Geography - Analysis & Forecast to 2015 - 2020 research report on the ITS sector of its library.

Complete report on intelligent transportation system market spread across 206 pages, profiling 10 major ITS companies and supported with 96 tables and 58 figures is now available at http://www.rnrmarketresearch.com/intelligent-transportation-system-market-by-component-interface-board-sensor-surveillance-camera-and-others-system-atms-atis-its-enable-transportation-pricing-system-apts-and-cvo-application-and-geography-analysis-forecast-to-market-report.html .

Applications in parking availability systems, traffic enforcement cameras, and collision avoidance systems are expected to drive the intelligent transportation system market during the forecast period. This is due to investments by various governments to upgrade transportation systems among toll collection systems, and adopt new technologies for reducing traffic congestion. The market for intelligent transportation system has increased applications in traffic monitoring system, traffic signal control system, and fleet management and asset monitoring system. This intelligent transportation system market for applications is estimated to reach $33.89billion by 2020 at a CAGR of 11.57% between 2015and 2020.

The continuous innovation in this market has helped improve transportation management and reduce traffic congestion. Currently, the application in advanced traffic management systems (ATMS) leads the overall market. ATMS has been the most successful and adaptable system of ITS due to its different functions such as real-time traffic monitoring, traffic signal controlling, incident monitoring, automated warning, dynamic message sign monitoring, traffic camera monitoring, and road weather information monitoring. This has resulted in a wide utilization of these systems in many applications.

Companies profiled in this intelligent transportation system market research include Thales Group, Garmin Ltd., Kapsch Trafficcom, TOMtom International BV, Nuance Communications, Q-Free, Denso Corporation, EFKON AG, Savari Inc. and Transcore Inc. Order a copy of this new research titled Intelligent Transportation System Market by Component (Interface Board, Sensor, Surveillance Camera and Others), System (ATMS, ATIS, ITS-Enable Transportation Pricing System, APTS, and CVO), Application, and Geography - Analysis & Forecast to 2015 - 2020 at http://www.rnrmarketresearch.com/contacts/purchase?rname=395393 .

The report identifies drivers, restraints, opportunities, and current trends for the intelligent transportation system market. Apart from the market segmentation, the report also includes the critical market data and qualitative information for each technology type along with qualitative analyses, such as the Porter's five force analysis, market breakdown analysis, and value chain analysis.

This research report categorizes the ITS market based on component, system, application, and geography; it also covers the market size forecast between 2015 and 2020.

On the basis of components:

The intelligent transportation system market is categorized, on the basis of components into interface boards, sensors, software, surveillance cameras, telecommunication networks, and monitoring and detection systems.

On the basis of systems:

Systems for this market include advanced traffic management system, advanced traveler information system, ITS-enabled transportation pricing system, advanced public transportation system, and commercial vehicle operation systems which have been explained in detail in this report.

On the basis of application areas:

The applications areas have been categorized into fleet management and asset monitoring, traffic monitoring system, traffic signal control system, collision avoidance system, variable traffic message sign, parking availability system, traffic enforcement camera, and automotive telematics.

On the basis of geography:

The intelligent transportation system market based on geography has been segmented into North America, Europe, APAC, and RoW.

On the same lines, RnRMarketResearch.com offers a regional title Australia Intelligent Transport System (ITS) Market by Application, System (ATMS, ATIS, ITS- Enabled Transportation Pricing System, APTS and CVO), and Territory (New South Wales, Victoria, Queensland, Western Australia, Rest of Australia) - Forecast to 2020 research report which is spread across 97 pages, profiling 5 companies and supported with 30 tables as well as 34 figures. The total Australian ITS market is expected to reach $1,130.2 million by 2020, at a CAGR of 14.41% between 2015and 2020. The market for the application in advanced public transportation systems is expected to grow at a CAGR of 14.90%during the forecast period. The increasing demand for the use of technology in public transportation for vehicle location and real-time information is the key reason for the growth of ITS in advanced public transportation systems.

The report analyzes the entire market on the basis of all the major territorial regions-New South Wales, Victoria, Queensland, Western Australia, and the Rest of Australia. New South Wales is currently a major market for Australia intelligent transportation systems; however, that in Western Australia is expected to grow at the highest CAGR of 14.95% during the forecast period. The Rest of Australia includes Southern Australia, Tasmania, and the Northern Territory. Major players in this market include the Thales Group (France), Redflex Holding Ltd. (Australia), Vix Technology (Australia), Kapsch TrafficCom AG (Austria), and Sigtec Pty Ltd. (Australia). The report also looks into the whole value chain and supply chain of the Australian intelligent transportation systems market. It focuses on the parent market and its segments and thus, identifies the total market potential. The report also covers drivers, restraints, and opportunity analysis of the Australian intelligent transportation systems market. Comprehensive table of contents and more on the intelligence transport system market in Australia is available at http://www.rnrmarketresearch.com/australia-intelligent-transport-system-its-market-by-application-system-atms-atis-its-enabled-transportation-pricing-system-apts-and-cvo-and-territory-new-south-wales-victoria-queensland-western-australia-rest-of-australia-fo-market-report.html .

Explore more reports on the telematics market as well as the overall automotive industry at http://www.rnrmarketresearch.com/reports/automotive-transportation/automotive .

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