Global Market Research Report on Intelligent Transportation System (ITS) Market 2017 is a professional and in-depth complete study on the current state of the Intelligent Transportation System (ITS) worldwide.
Deerfield Beach, FL -- (SBWIRE) -- 07/26/2017 -- New report on Intelligent Transport System (ITS) increasing number of mega cities and the population growth in developed and developing countries has increased the importance of deploying an ITS system constitutes both, road transport and an efficient metro/underground rail system. ITS involves the revamp of overall technological aspects such as GPS, Carrier Access for Land Mobiles (CALM), Dedicated Short Range Communication (DSRC) etc. Globally, the concerned government departments understand the importance of implementing an efficient ITS system, which is an important driving factor for the market growth. Therefore, these departments are formulating specific programs and taking initiatives to implement the system. For example, the U.S. Department of Transport (DOT) is focusing on intelligent infrastructure, intelligent vehicles and integration of these two factors. The DOT has started a Federal ITS program that would make research initiatives, investigative study and support the deployment of the system through systematic investment. Additionally, an efficient transport system would assist in controlling traffic congestions and increase environmental benefits by reducing pollution, and these factors act as other major drivers for the market.
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However, the major restraint for the market growth is the slow growth of infrastructure, especially in the developing regions of the world due to the high cost of installation. Another key restraint for the growth of the market is the lack of standards and negligible interoperability between the various modes of transport and technologies. To address these challenges, various government sectors and key players in the market are forming strategic private-public partnerships. Furthermore, the major opportunity for the market lies in the development of smart vehicles that would operate on intelligently controlled roads by deploying state of art infrastructure and latest technologies.
Some of the key players profiled in this report are Affiliated Computer Services, Inc., Denso Corporation, Agero, Inc., Addco Llc, Lanner Electronics, Inc., Nuance Communications, Inc., Ricardo Plc, Sensys Networks, Inc., Telenav, Inc., Efkon AG and Thales Group.
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KEY MARKET SEGMENTSBY APPLICATION
Collision Avoidance Systems
Fleet Management & Asset Monitoring
Traffic Signal Control Systems
Parking Availability Systems
Variable Traffic Message Signs
Traffic Enforcement Cameras
Advanced Traveler Information System
Vehicle-to-Vehicle Interaction and Vehicle-to-Infrastructure Interaction
Advanced Traffic Management System
Advanced Public Transportation System (APTS)
Commercial Vehicle Operation
ITS – Enabled Transportation Pricing System
Rest of the World (ROW)
Transport and Related Technology Developers
Government and Research Organizations