TMCnet News
Global Intelligent Transportation System Market - Trends Forecast 2016-2022Intelligent Transport System (ITS) is a computerized system with diverse applications connected with vehicle transportation, that provides live feeds with the help of sophisticated sensors of smartphones and the equipment is installed across the roadside, including cameras mounted on the traffic poles. Intelligent Transport System (ITS) is majorly being used and deployed for capturing real time navigation, lane disciple, traffic updates and predicting travel time. The objective of ITS is to improve effectiveness, efficiency and safety in road transportation system. This technology is successfully being deployed in various developed countries such as Japan, Singapore, United States, and United Kingdom with the motive to improve the performance of transportation system by controlling conjunction, and ensuring safety and convenience for travelers The major growth driver for intelligent transportation system is the rising concern for traffic congestion, followed by an increase in the need for road safety improvements and the shift of freight industry from unorganized to organized sector. However, the lack of proper infrastructure for implementation of ITS in developing and under developed economies, is inhibiting the growth of the Global Intelligent Transportation System market. The global intelligent transportation system market is expected to be USD 42.67 billion by the end of forecast period with CAGR of ~12.21%. The global intelligent transportation system market is segmented by products, by applications, by component and by regions. On the basis of products, the market is segmented as advanced transportation management systems (ATMS), advanced public transportation systems (APTS), advanced transportation pricing systems (ATPS), advanced traveler information systems (ATIS) and cooperative vehicle systems. On the basis of applications, the market is categorized as automotive telematics, traffic management, collision avoidance system, road user charging, road safety and security, traffic signal control, freight management (commercial), parking management, public transport, environment protection and traffic enforcement camera. On the basis of components, the market is divided as sensor, surveillance camera, software, interface board, monitoring and detection system, telecommunication network and others. For more information kindly visit : https://www.bharatbook.com/information-technology-market-research-reports-836459/global-intelligent-transportation-system-trends.html As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments. |