Edison, NJ -- (SBWIRE) -- 03/05/2019 -- The increasing number of mega cities and the population growth have increased the importance of deploying an intelligent transport system. Intelligent transportation system is an advance application used to provide innovative services relating to different mode of transport and traffic. ITS system constitutes road transport and an efficient metro/underground rail system.

This market research report looks into and analyzes the Global Intelligent Transport Systems Market and illustrates a comprehensive evaluation of its evolution and its specifications. Another aspect that was considered is the cost analysis of the main products dominant in the Global Market considering the profit margin of the manufacturers.

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Major Key Players in This Report Include,
Garmin (United States), Transcore (United States), Iteris (United States), Cubic Transportation Systems (United States), Xerox Corporation (United States), Addco LLC (United States), Flir Systems (United States), Kapsch Trafficcom (Austria), Thales (France), Q-Free (Norway), Siemens (Germany), Hitachi, Ltd. (Japan), Efkon (Austria), Denso (Japan)

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.

The market study is being classified by Type (Advanced Traffic Management System , Advanced Traveler Information System , Advanced Vehicle Control System , Commercial Vehicle Operation and Advanced Public Transportation System), by Application (Traffic Management , Road Safety and Surveillance , Freight Management , Public Transport , Environment Protection , Automotive Telematics , Parking Management , Road User Charging and Automated Vehicles) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America) , Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific) , Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe) , MEA (Middle East, Africa) , North America (United States, Canada, Mexico).

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The research methodology used to estimate and forecast the market begins by capturing the revenues of the key players and their shares in the market. A few organizations associated with the market include Intelligent Transportaion Society of America. Calculations based on this led to the overall market size. After arriving at the overall market size, the total market has been split into several segments and subsegments that have then been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments.

The Global Intelligent Transport Systems Market in terms of investment potential in various segments of the market and illustrate the feasibility of explaining the feasibility of a new project to be successful in the near future. The core segmentation of the global market is based on product types, SMEs and large corporations. The report also collects data for each major player in the market based on current company profiles, gross margins, sales prices, sales revenue, sales volume, photos, product specifications and up-to-date contact information.

Table of Content
1. Market Overview
1.1. Introduction
1.2. Scope/Objective of the Study
1.2.1. Research Objective
2. Executive Summary
2.1. Introduction
3. Market Dynamics
3.1. Introduction
3.2. Market Drivers
3.2.1. Rising Concerns Toward Protecting Environment With Eco-friendly Automobile Technology
3.2.2. Increasing Traffic Congestion Problem
3.2.3. Rising Concerns Regarding Security and Surveillance
3.3. Market Challenges
3.3.1. Achieving Interoperable
3.4. Market Trends
3.4.1. Technological Developments of Intelligent Transportation Systems
3.4.2. Advanced Traffic Congestion Solutions
4. Market Factor Analysis
4.1. Porters Five Forces
4.2. Supply/Value Chain
4.3. PESTEL analysis
5. Global Intelligent Transport Systems, by Type, Application and Region (value) (2013-2018)

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