Research Report - Intelligent Transportation Systems (ITS) Market Study To 2020: Grand View Research, Inc.

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Global Intelligent Transportation Systems (ITS)
Market Expected to Reach USD 38.68 Billion by 2020
ITS market revenue share by product, 2012

• Grand View Research has announced the addition of
  "Global Intelligent Transportation Systems (ITS)
  Market Analysis And Segment Forecasts To 2020"
  Market Research report to their Database

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• The global market for intelligent transportation
  systems is expected to reach USD 38.68 billion by
  2020, according to a new study by Grand View
  Research, Inc. Growing demand for optimizing fuel
  consumption and reducing emissions is expected to
  be the key driving force for the market. ITS aids
  in reducing incidents such as road accidents and
  boost safety, which is estimated to positively
  impact demand over the next six years.
• Increasing need for enhancing existing
  transportation networks coupled with demand for
  alleviating traffic congestion is expected to
  fuel market growth during the forecast period.
  However, interoperability and standardization
  issues may restrain the market over the next few
  years. Technological advancements have led to
  enhancement in wireless communication
  technologies, which is an opportunity for market
  participants.
• To request a sample copy or view summary of this
  report, click the link below http//www.grandvie
  wresearch.com/industry-analysis/Intelligent-Transp
  ortation-Systems-Industry

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• Further key findings from the study suggest
• Advanced Transportation Management Systems (ATMS)
  accounted for the largest market share of 39.9
  in 2013 it is expected to continue dominating
  the overall industry over the next six years.
  Advanced Public Transportation Systems (APTS) is
  expected to be the fastest growing segment, at an
  estimated CAGR of 13.7 from 2014 to 2020. APTS
  deal in the use of IT and transportation
  management in order to boost the safety and
  effectiveness of public transit systems.
• Traffic management is expected to remain the
  largest ITS application through the forecast
  period and was valued at USD 5.16 billion in
  2013. Road user charging (RUC) also accounted for
  considerable market share in 2013, driven by
  technological advancements in electronic toll
  collection (ETC). Environment protection is
  expected to grow at the fastest CAGR of 18.2
  from 2014 to 2020, due to increasing focus on
  reducing pollution and emission levels.
• North America accounted for 43.8 of the global
  market in 2013 and is expected to remain the most
  dominant ITS market over the next six years. This
  can primarily be attributed to favorable
  regulatory initiatives from transportation
  authorities for increasing driver safety and
  reducing traffic congestion. Asia Pacific ITS
  market is expected to register the fastest growth
  of 14.0 from 2014 to 2020, as a result of need
  for improvement of transportation networks and
  high growth expected in India and China.
• Major industry participants offer numerous ITS
  solutions, as well as construction and
  maintenance services. Key market players include
  TransCore Inc., Kapsch TrafficCom AG, Q-Free ASA
  and EFKON AG among others.
• For More http//www.grandviewresearch.com/industry
  -analysis/Intelligent-Transportation-Systems-Indus
  try

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• Request free sample of this Report _at_
  http//www.grandviewresearch.com/industry-analysis
  /intelligent-transportation-systems-industry/reque
  st
• For the purpose of this study, Grand View
  Research has segmented the global ITS market on
  the basis of product, application and region
• ITS Product Outlook (Revenue, 2012 - 2020)   
      Advanced Traveler Information Systems
  (ATIS)         Advanced Transportation
  Management Systems (ATMS)         Advanced
  Transportation Pricing Systems (ATPS)        
  Advanced Public Transportation Systems (APTS)   
       Cooperative Vehicle Systems ITS
  Application Outlook (Revenue, 2012 - 2020)     
     Traffic Management         Road Safety and
  Security         Freight Management         
  Public Transport         Environment
  Protection         Automotive Telematics     
     Parking Management         Road User
  Charging
•  

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• ITS Regional Outlook (Revenue, 2012 - 2020)
  North America         U.S. Europe        
  Germany         France         Italy     
     UK Asia Pacific         China        
  India         Japan RoW
• Browse All Reports of this category _at_
  http//www.grandviewresearch.com/industry/emerging
  -and-next-generation-technologies

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  provides strategic objective insights. For more
  information, visit http//www.grandviewresearch.co
  m/
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• Grand View Research, Inc
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