Albany, NY -- (SBWIRE) -- 08/24/2016 -- An Intelligent Transport Systems (ITS) is a sophisticated application, which provides solutions related to various modes of transport and traffic management. It allows commuters to be informed about the traffic situation, and enhances road safety. The traffic management process is also streamlined with the optimization of quality, and the reduction in time required for implementation of decisions as well as in costs incurred. The various types of ITS include ATMS, road user charging, ETC, public transport ITS, freight and commercial ITS, security and crime reduction ITS, road safety systems, ITS communications, and automotive and infotainment telematics. These solutions are mostly used by governments, municipal authorities, and the construction sector, to handle congestion, prevent accidents, detect the location of vehicles, and also to check vehicle emission levels.

The ITS Market in North America to grow at a CAGR of 6.49%, in terms of revenue, during 2014-2019. The report covers the present scenario and the growth prospects of the ITS Market in North America for the period 2015-2019. The market covered in the report includes roadway transportation only. To calculate the market size, we consider revenue generated from the sales of ITS products. We also present the vendor landscape and a corresponding detailed analysis of the top five vendors in the ITS Market in North America.

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The Technavio report, namely ITS Market in North America 2015-2019, is based on an in-depth market analysis, with inputs from industry experts. We discuss the major drivers influencing market growth and also the challenges facing the vendors and the market as a whole. We evaluate the key trends emerging in the market as well.

The ITS Market in North America is segmented on the basis of its product type:
- Automotive and Infotainment Telematics
- Freight and Commercial ITS
- ITS Communications
- Network Management
- Public Transport ITS
- Road Safety
- Security and Crime Reduction ITS

Key Vendors
- Denso
- KAPSCH
- Q-Free
- Thales
- TransCore

Other Prominent Vendors
- 3M
- Addco
- Agero
- Grenobloise d'Electronique et d'Automatismes

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Key Questions Answered in this Report

- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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