Intelligent Transport Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecasts, 2015-2020 & 2021-2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Intelligent Transport Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

The global intelligent transport systems market exhibited moderate growth during 2015-2020. Looking forward, the global intelligent transport systems market to grow at a CAGR of around 5% during 2021-2026.

The Intelligent Transport System (ITS) refers to a system that utilizes visual, analytical, control and communication technologies to manage different modes of on-road transportation efficiently. It is not only embedded within a vehicle but also in the infrastructure facilities to enhance on-road safety and achieve traffic efficiency by minimizing traffic problems. It uses various equipment such as ramp meters, electronic toll collectors, traffic light cameras, traffic-signal coordinators, transit signal systems and traveler-information systems.

The increasing number of smart cities, along with unprecedented population growth leading to widespread traffic congestion, are the key factors driving the market growth. The ITS significantly aids in the effective management of on-road traffic through Global Positioning System (GPS), Dedicated Short Range Communication (DSRC) and Carrier Access for Land Mobiles (CALM).

Additionally, increasing occurrence of deaths due to road accidents have driven the demand for ITS across the globe. Advanced features such as Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communication is creating a positive outlook for the market.

These features provide real-time information to travelers about road conditions and construction zones, along with seat availability and timings of public modes of transport, thus enhancing the overall on-road safety and reducing the chances of fatalities while reducing the travel time.

Moreover, increasing focus on research and development (R&D) in both the public and private sectors to incorporate more enhanced features is also contributing to the market growth.

Competitive Landscape:

• Siemens
• Thales Group
• Garmin
• Cubic Corporation
• FLIR Systems
• Lanner Electronics
• Denso Corporation
• IBM Corporation
• Addco
• TomTom
• Kapsch Trafficcom
• Iteris
• Q-Free
• Efkon
• GeoToll
• Electricfeel
• Doublemap
• Bestmile
• Nutonomy

Report Coverage:

Market Breakup by Mode of Transport:

• Roadways
• Railways
• Airways

Market Breakup by Product:

• Network Management Systems
• Advanced Traffic Management Systems (ATMS)
• Road User Charging, Congestion Charging, etc.
• Freight and Commercial Systems
• Public Transport Systems
• Security and Crime Reduction Systems
• Automotive and Infotainment Systems
• Road Safety Systems
• Communications Systems

Market Breakup by Protocol:

• Short Range
• Wave (IEEE 802.11)
• Wpan (IEEE 802.15)
• Long Range
• Wimax (IEEE 802.11)
• Ofdm
• IEEE 1512
• Traffic Management Data Dictionary (TMDD)
• Others

Market Breakup by Offering:

• Hardware
• Interface Board
• Sensor
• Surveillance Camera
• Telecommunication Network
• Monitoring and Detection System
• Others
• Software
• Visualization Software
• Video Detection Management Software
• Transit Management System
• Others
• Services
• Business and Cloud Services
• Support and Maintenance Services

Market Breakup by Application:

• Fleet Management and Asset Monitoring
• Intelligent Traffic Control
• Collision Avoidance
• Parking Management
• Passenger Information Management
• Ticketing Management
• Emergency Vehicle Notification
• Automotive Telematics

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Intelligent Transport Systems Market

6 Market Breakup by Mode of Transport

7 Market Breakup by Product

8 Market Breakup by Protocol

9 Market Breakup by Offering

10 Market Breakup by Application

11 Market Breakup by Region

12 SWOT Analysis

13 Value Chain Analysis

14 Porters Five Forces Analysis

15 Price Analysis

16 Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/r/y4n8wc.

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