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.