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Intelligent Transportation System (ITS) Market Size, Analysis, 2020

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Snehal Jagtap
Intelligent Transportation System (ITS) Market Size, Analysis, 2020

The  Global Intelligent Transportation System size was valued at USD 20.94 billion in 2015. Intelligent transportation  system(ITS) are being increasingly adopted with advanced safety and security solutions to reduce road fatalities. Developing and developed  economics are focusing on deployment of such solution to enhance road network and infrastructure, a trend that is sure to benefits the market. The increasing number of  mega cities  and the population growth in developed and developing countries has increased the importance of deploying an intelligent transport system (ITS) . ITS system constitutes both, road transport and an efficient  metro rail system . ITS involves the revamp of overall technological aspects such as GPS, Carrier Access for Land Mobiles(CALM) etc.

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Modern Transportation service providers are using multipurpose vehicle computing systems combined with tracking and monitoring system to ensure safety of  their passengers. Growing usage of real time data by traffic management centers to take  better decision and resolve traffic issues is anticipated to drive demand for intelligent ITS. Demand for V2V  communication to enhance road safety is also expected to boost market growth.

Segments covered in this report

This report forecasts revenue growth at regional and country levels and provides an analysis on latest industry trends in each of the sub segments from 2014 to 2024.

Regional outlook :

  • North America
  • Europe
  • Asia Pacific

 

Application Outlook:

  • Traffic Management
  • Road Safety and Security
  • Public Transport
  • Environment Protection
  • Automotive Telematics
  • Parking Management
  • Freight Management

Type Outlook:

  • ATIS
  • ATMS
  • ATPS
  • APTS
  • Coperative Vehicle Systems

Browse more details of report @ https://franknraf.com/reports/intelligent-transportation-system-its-market-size-analysis-2020/

 

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Contact details:

Mr. Zahid Kazi

Website:  https://franknraf.com

Email id: [email protected]

US: +1 347-321-6773

India:  +91 9511966766

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