Global Intelligent Transportation System Market is expected to grow at noteworthy CAGR around 10.2 % Between 2019 to 2026

Pune, India -- (SBWire) -- 05/20/2019 --Acumen Research and Consulting present a new research report titled "Intelligent Transportation System (ITS) Market By Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026" that includes the analysis of the various segments of this market across the important regions in the world. The global intelligent transportation system market is expected to grow at noteworthy CAGR around 10.2 % throughout the forecast period and reach around US$ 50 billion by 2026.

In recent years, deaths related to road traffic have increased. ITS is an important driver for the ITS market in reducing road accidents and in general increasing safety. In the following years, there is a expected growth in demand for vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication to increase road safety.

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For the socio-economic development of any country, an effective transportation system is essential. ITS associations estimate a reduction of travel time by 25 percent and wait time at signal by 20 percent up to 30 percent effectively when using systems, such as the Advanced Traffic Management Systems (ATMS). Emissions such as methana, carbon dioxide and nitrous oxide also help to curb greenhouse gasses. The use of ETS and ramp measurement systems also helps to reduce traffic jams and to keep traffic flows overall. The limited space for expanding transport networks will impact additional congestion costs, thus stimulating demand during the forecast period.

A smart transport system helps to improve the performance of the supply chain and provides a high cost-benefit ratio; the implementation of these systems leads to a significantly high ratio (8:1) compared to conventional transport systems. In addition, users can reduce costs via transportation systems in real time. These factors have increased the investment in ITS in the last few years by transportation service providers.

Regional Stance

Regional North America generates the largest share of revenue in the global market for smart transport systems. There is considerable support from the government and rapid development and research activities within the region to realize the potential of intelligent transport systems in urban mobility.

Investors in R&D, adoption and deployment of ITS in the region have been strongly made by the United States Department of Transport (DOT). In 2015-2012, a pilot model of safety deployment (SPMD) was carried out in Michigan with the aid of DSRC-enabling equipment in a real-world environment by the University of Michigan Transport Research Institute and (DOT). In addition, DOT announced in 2015 that it will push for V2V technology to be mandated for all SPMD-driven light vehicles in the US. In developing markets in Brazil, Russia, India, China and South Africa (BRICS), the economic advantages of ITS deployment are particularly notable. Car owners do not just benefit financially from in-vehicle systems and cooperative systems but also help to avoid congestion and to decrease overall fuel consumption and travel time. Car manufacturers both in established and emerging market install these systems to distinguish their products from competitors in their new automotive models.

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Market Snapshots

The fastest CAGR is expected to be 12.1% from 2019 to 2026 for the advanced public transport system.

The ITS market growth is expected to contribute to strict rules for enhancing driver safety in developed markets in Europa and North America.

The US road toll system segment is expected to expand by more than 7 percent, with the highest CAGR projected to be around 8.5 percent during the forecast period in the public transport segment.

Due to increased government initiatives and deployments of ITS, Asia Pacific is anticipated to grow at a significant CAGR of 13 per cent during the forecast period.

Key Players & Strategies

Siemens AG, Hitachi Ltd and Kapsch TrafficCom are key players in the ITS market. This is mainly due to the diverse customer base and a broad range of state-of - the-art technologies used in the smart transportation system industry. Denso Corporation, Efkon Ag, Garmin International and Lanner Electronics are among other prominent sellers, among others.

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW

1.1. Definition and Scope
1.1.1. Definition of Intelligent Transportation System (ITS)
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Intelligent Transportation System (ITS) Market By Type
1.2.2.1. Global Intelligent Transportation System (ITS) Market Revenue and Growth Rate Comparison By Type (2015-2026)
1.2.2.2. Global Intelligent Transportation System (ITS) Market Revenue Share By Type in 2017
1.2.2.3. ATIS
1.2.2.4. ATPS
1.2.2.5. APTS
1.2.2.6. ATMS
1.2.2.7. EMS
1.2.3. Intelligent Transportation System (ITS) Market By Application
1.2.3.1. Global Intelligent Transportation System (ITS) Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.3.2. Global Intelligent Transportation System (ITS) Market Revenue Share By Application in 2017
1.2.3.3. Traffic Management
1.2.3.4. Freight Management
1.2.3.5. Public Transport
1.2.3.6. Road Safety and Security
1.2.3.7. Automotive Telematics
1.2.3.8. Environment Protection
1.2.3.9. Road Tolling System
1.2.3.10. Parking Management
1.2.4. Intelligent Transportation System (ITS) Market by Geography
1.2.4.1. Global Intelligent Transportation System (ITS) Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America Intelligent Transportation System (ITS) Market Revenue and Growth Rate (2015-2026)
1.2.4.3. Europe Intelligent Transportation System (ITS) Market Revenue and Growth Rate (2015-2026)
1.2.4.4. Asia-Pacific Intelligent Transportation System (ITS) Market Revenue and Growth Rate (2015-2026)
1.2.4.5. Latin America Intelligent Transportation System (ITS) Market Revenue and Growth Rate (2015-2026)
1.2.4.6. Middle East and Africa (MEA) Intelligent Transportation System (ITS) Market Revenue and Growth Rate (2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS

2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter's Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS

3.1. Capacity and Commercial Production Date of Global Intelligent Transportation System (ITS) Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Intelligent Transportation System (ITS) Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global Intelligent Transportation System (ITS) Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Intelligent Transportation System (ITS) Major Manufacturers in 2017

CHAPTER 4. INTELLIGENT TRANSPORTATION SYSTEM (ITS) MARKET BY TYPE

4.1. Global Intelligent Transportation System (ITS) Revenue By Type
4.2. ATIS
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. ATPS
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. APTS
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. ATMS
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.6. EMS
4.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 5. INTELLIGENT TRANSPORTATION SYSTEM (ITS) MARKET BY APPLICATION

5.1. Global Intelligent Transportation System (ITS) Revenue By Application
5.2. Traffic Management
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Freight Management
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Public Transport
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Road Safety and Security
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.6. Automotive Telematics
5.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.7. Environment Protection
5.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.8. Road Tolling System
5.8.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.8.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.9. Parking Management
5.9.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.9.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 6. NORTH AMERICA INTELLIGENT TRANSPORTATION SYSTEM (ITS) MARKET BY COUNTRY

6.1. North America Intelligent Transportation System (ITS) Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2. North America Intelligent Transportation System (ITS) Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S. Intelligent Transportation System (ITS) Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.5. Mexico
6.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
6.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 7. EUROPE INTELLIGENT TRANSPORTATION SYSTEM (ITS) MARKET BY COUNTRY

7.1. Europe Intelligent Transportation System (ITS) Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. Europe Intelligent Transportation System (ITS) Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 8. ASIA-PACIFIC INTELLIGENT TRANSPORTATION SYSTEM (ITS) MARKET BY COUNTRY

8.1. Asia-Pacific Intelligent Transportation System (ITS) Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Asia-Pacific Intelligent Transportation System (ITS) Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.8.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 9. LATIN AMERICA INTELLIGENT TRANSPORTATION SYSTEM (ITS) MARKET BY COUNTRY

9.1. Latin America Intelligent Transportation System (ITS) Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Latin America Intelligent Transportation System (ITS) Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4. Argentina
9.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 10. MIDDLE EAST INTELLIGENT TRANSPORTATION SYSTEM (ITS) MARKET BY COUNTRY

10.1. Middle East Intelligent Transportation System (ITS) Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Middle East Intelligent Transportation System (ITS) Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Saudi Arabia
10.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4. UAE
10.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5. Rest of Middle East
10.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 11. AFRICA INTELLIGENT TRANSPORTATION SYSTEM (ITS) MARKET BY COUNTRY

11.1. Africa Intelligent Transportation System (ITS) Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Africa Intelligent Transportation System (ITS) Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. South Africa
11.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.4. Egypt
11.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.5. Rest of Africa
11.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)

CHAPTER 12. COMPANY PROFILE

12.1. Siemens AG
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Hitachi Ltd
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Kapsch TrafficCom
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Denso Corporation
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Efkon Ag
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Garmin International
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Lanner Electronics
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Others
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. Key Developments
12.8.6. Strategies

CHAPTER 13. RESEARCH APPROACH

13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope

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