TMCnet News
Markets and Markets : Intelligent Transportation Systems Market by Component, Application, System to Reach $33.75 Billion by 2020(M2 PressWIRE Via Acquire Media NewsEdge) According to a new market research report of "Intelligent Transport Systems Market by Component, Application, System (ATMS, ATIS, ITS- Enabled Transportation, Pricing System, APTS and CVO)and Geography (Americas, Europe, APAC, ROW) Analysis and Forecast to 2014 - 2020", is expected to grow at a CAGR of 11.30% from 2014 to 2020 and reach $33.75 Billion in 2020. Inquiry Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=764 The Intelligent transportation systems have been constantly evolving over the decades, due to the rapid technological advancements in the arena. ITS technology based systems are intended to facilitate the realization of optimized, efficient, smooth, comfortable transport system to improve traffic flow and reducing the bottleneck of traffic congestion. It integrates the modern information and communication technology into the existing transportation systems. The major objective of the intelligent transport system market is to reduce traffic congestion, pollution level, and control the number of road accidents. The major reasons behind the increasing in traffic congestion are the increase in number of vehicles on the roads, increase in population, and migration of the rural areas to the metropolitan cities. Purchase Report @ http://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=764 The major driving factors for the Intelligent Transport System aresolution to traffic congestion and government support, public private partnership is the key to the success in implementing intelligent transportation system. In this report various new technologies like V2V and V2I communication system are discussed and it also include the prominent Architecture of ITS and insights of Standards used in Intelligent Transport System. The report forecasts the growth from 2014 to 2020, along with market size, list of leading players, the latest technology adoption, M&A s, and JV s of key players. Early buyers will receive 10% customization on this report. http://www.marketsandmarkets.com/requestCustomization.asp?id=764 Intelligent transportation systems market can be categorized into different applications such as fleet management and asset monitoring, traffic signal control system, parking availability systems and automotive telematics. In the developing countries like India, China, Malaysia, Thailand, and so on., the demand for ITS applications like traffic signal control system, variable traffic message signs, and advanced traffic enforcement cameras is very high, in order to enhance the road transportation infrastructure. About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Rohan North - Dominion Plaza 17304 Preston Road Suite 800, Dallas, TX 75252 Tel: +1-888-600-6441 Email: [email protected] Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets CONTACT: Mr. Rohan Tel: +1-888-600-6441 Email: [email protected] . (c) 2014 M2 COMMUNICATIONS |