Dublin, April 27, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Intelligent Transportation Systems Market, Analysis and Forecast: 2017 - 2022; (Focus on Advanced Traffic Management, Electronic Tolling, Smart Parking, Revenue Collection, Railway Crossing Management, Freight Management, & Tunnel Management)" report to their offering.
The Global ITS Market Is Estimated To Reach $72.32 Billion By 2022
The overall demand for intelligent transportation systems (ITS) is increasing significantly owing to factors such as growing demand for vehicles and rising urbanization leading to space congestion within the city limits. This has led to the requirement of more sophisticated infrastructure and advanced systems to manage traffic and space scarcity. The market is estimated to witness a growth at a CAGR of 7.9% over the period of 2017 to 2022. The report is a compilation of market size and future growth potential of the ITS market across different transportation modes such as roadways, railways, airways, and marine.
The report provides a detailed market analysis and forecast with respect to various applications involved in the ITS market for roadways such traffic management, public transportation, road safety & security, tolling, parking management, freight management, tunnel management & safety, environmental monitoring, and road-user charging. On the basis of type, the ITS market for roadways is segmented into: Advanced Traffic Management System (ATMS), Advanced Transportation Pricing System (ATPS), Advanced Traveler Information System (ATIS), Advanced Public Transportation System (APTS), Commercial Vehicle Operations (CVO), and Advanced Rural Transportation System (ARTS).
While highlighting the key driving and restraining forces for this market, the report provides a detailed study on the different applications of ITS used for railways, which include railway crossing management, freight services, cost management, passenger services, and infotainment. The global ITS market for airways is segmented by applications such as air traffic management, security & surveillance, shuttle bus tracking, traveler information, smart ticketing, and emergency notification. The report also incorporates ITS market for marine and is breakdown by application-vessel traffic management, freight arrival and transit, real time weather information, and emergency notification. The report examines the role of the leading market players involved in the industry.
Some of the key players in this industry are Thales S.A (France), Siemens AG (Germany), Cubic Corporation (U.S) Garmin Ltd. (Switzerland), Kapsch TrafficCom (Austria), Q-Free ASA (Norway), Denso Corporation (Japan), EfKon AG (Austria), and TomTom NV (The Netherlands).These companies are aiming for a wide range of product launches and collaborations to expand their operations and prevent new companies from becoming potential future competitors.
Key Topics Covered:
Executive Summary
1 Scope and Research Methodology
1.1 Report Scope
1.2 ITS Market Research Methodology
2 Market Dynamics
2.1 Market Drivers
2.1.1 Increase in Traffic Congestion
2.1.2 Increasing Need for Environmental Protection
2.1.3 Rising Demand for Road Safety
2.1.4 Impact of Market Drivers
2.2 Market Challenges
2.2.1 Lack of Interoperability and Standardization
2.2.2 Lack of Infrastructure in Developing Countries
2.2.3 Impact of Market Challenges
2.3 Opportunities
2.3.1 Public Private Partnerships
2.3.2 Emergence of Autonomous Vehicles
2.3.3 Opportunities in Developing Countries
3 Competitive Insights
3.1 Key Strategies and Developments
3.1.1 Mergers and Acquisitions
3.1.2 Partnerships, Collaborations & Joint Ventures
3.1.3 Business Expansion
3.1.4 Product Launches & Development
3.1.5 Others (Events & Recognitions)
3.2 R&D Analysis of Key Players
3.3 Supply Chain Analysis
3.4 ITS Associations
4 Global ITS Market Analysis and Forecast
4.1 Assumptions for Analysis and Forecast of the ITS Market
4.2 Market Overview
4.3 Traffic Management
4.4 Public Transportation
4.5 Road Safety & Security
4.6 Tolling
4.7 Parking Management
4.8 Freight Management
4.9 Tunnel Management & Safety
4.10 Environment Monitoring
4.11 Road User Charging
5 Global ITS Market Size for Roadways, by Type
5.1 ATMS
5.2 ATPS
5.3 ATIS
5.4 APTS
5.5 CVO
5.6 ARTS
6 Global ITS Market for Roadways, by Component
6.1 Interface Boards
6.2 Sensors
6.3 Surveillance & Detection System
6.4 Telecommunication Network
7 Global ITS Market Size for Railways, by Application
7.1 Freight Services
7.2 Cost Management
7.3 Passenger Services
7.4 Infotainment
7.5 Rail Crossing Management
8 Global ITS Market Size for Airways, by Application
8.1 Air Traffic Management & Control
8.2 Security & Surveillance
8.3 Shuttle Bus Tracking
8.4 Traveler Information
8.5 Smart Ticketing
8.6 Emergency Notification
9 Global ITS Market Size for Marine, by Application
9.1 Vessel Traffic Management
9.2 Freight Arrival & Transit
9.3 Real-time Weather Information
9.4 Emergency Notification
10 Global ITS Market, by Geography
11 Company Profiles
- Cubic Corporation
- Siemens AG
- Thales SA
- TomTom NV
- TransCore, LP
- Xerox Corporation
- Denso Corporation
- Garmin Ltd
- Hitachi Ltd
- Iteris Inc
- Kapsch TrafficCom AG
- Nuance Communications, Inc
- Q-Free ASA
- Savari Inc
For more information about this report visit http://www.researchandmarkets.com/research/tn5skn/global