Intelligent Transportation System Market : Industry Growth Factors, Applications, Regional Analysis, Key Players and Forecasts by 2025
Category: #business  By Partha Ray  Date: 2019-07-12
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Intelligent Transportation System Market : Industry Growth Factors, Applications, Regional Analysis, Key Players and Forecasts by 2025

MarketStudyReport.com Adds New Intelligent Transportation System Market 2019 – 2025 research report providing information and data By Mode of Transport, By Mode of Transport, By Roadways, By Railways, By Airways, By Marine, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 600 Pages with table and figures in it.

Market Segment by Companies, this report covers:

Advantech Co., Ltd, Bestmile SA, Clever Devices Ltd, Denso Corporation, EFKON AG, ETA Transit Systems, GMV Group, Hitachi, Ltd., Kapsch Trafficcom, Lanner Electronics, Moxa Inc, Nuance Communications, PTV Group, Q-Free ASA, Rhythm Engineering, Telegroup & more

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The Asia Pacific ITS market is expected to witness the highest growth rate of over 6% from 2019 to 2025. The emergence of smart mobility technologies and financial support provided by the government to establish smart transportation infrastructure is expected to bolster the adoption of intelligent transport solutions. For instance, in August 2016, the South Korean government planned to build a network of smart expressways by 2020 to limit traffic congestion. The government planned to invest USD 33.1 billion and raise USD 31.3 billion through private investments to finance its plan of installing a smart toll system. Some of the companies operating in ITS market are partnering with regional authorities for the implementation of smart transport solutions. For instance, in December 2017, Smart Parking partnered with Queenstown International Airport to enhance the user parking experience. The airport has deployed SmartGuide solutions with more than 450 vehicle sensors installed to sense the presence of cars.

In the maritime ITS market, tracking and monitoring systems held a major market share of over 35% in 2018 and are expected to maintain a dominant position in 2025. Tracking and monitoring systems provide marine operators with valuable information for taking marine operational decisions in real-time. They deploy these systems to obtain real-time information on full wave water spectrum, including wind profiling, temperature, pressure, and humidity. As marine companies are widely using them to monitor the ship’s position, location, and other details, the demand for ITS in marine will increase over the forecast period.

Another factor accelerating ITS market growth is the increased demand for smart transport communication technologies in vehicles to make driving safe and easy. According to the World Health Organization (WHO), approximately 1.35 million people die each year due to road crashes. According to the European Union (EU), in the EU, 46.4% of the road fatalities involved passenger cars followed by pedestrians (21.2%) in 2016. ITS technologies enable the detection of wrong turns & exceeding traffic limits and provide real-time information to reduce the chances of accidents. Furthermore, government agencies worldwide are implementing emission standards for controlling vehicle emissions and improving roadside safety

The information display system in the airways ITS market is expected to hold a significant market share of over 20% in 2025. As airport environments are becoming more complex, flight-related & operational information needs to be obtained quickly. Thus, smart display systems are widely used in airports as they store, process, and transfer flight-related information to passengers and airport authorities. With companies rapidly developing these information systems to provide real-time information to keep the passengers updated, the demand for airways ITS will increase in the near future.

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Intelligent Transportation System (ITS) market is projected to surpass USD 34 billion by 2025. The market growth is attributed to the various government-led investments for smart city development and rise in the number of vehicles demanding smart mobility solutions. Growing investments in smart city development projects will foster the adoption of smart transportation solutions to regulate the traffic flow in cities. ITS solutions allow users to make better use of transportation systems and also provide ways for the development of smarter infrastructure. Also, the adoption of IoT is transforming the transportation industry by automating airways, roadways, waterways, and railway transportation systems to provide better passenger experience. The IoT platforms facilitate better operation & control, traffic planning, and passenger information management. For instance, rail operators are implementing smart digital platforms and replacing legacy infrastructure with new train control systems powered by IoT and big data analytics. An increase in the adoption of sensors in trains and along tracks facilitate monitoring and data collection in real-time.

Table of Content:

Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope
1.1.5. Definition
1.1.6. Methodology and forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
1.2.2.1. Paid sources
1.2.2.2. Public sources
 

Chapter 2. Executive Summary
2.1. ITS industry 360 degree synopsis, 2014 - 2025
2.2. Business trends
2.3. Regional trends
2.4. Mode of transport trends
2.4.1. Roadways trends
2.4.1.1. System trends
2.4.1.2. Component trends
 

Chapter 3. ITS Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2014-2025
3.4. ITS ecosystem analysis
3.4.1. Hardware component/ device providers
3.4.2. ITS solution providers
3.4.3. Network service providers
3.4.4. IT security service providers
3.4.5. Cloud service providers
3.4.6. System integrators
3.4.7. End users
3.5. ITS architecture
3.6. ITS evolution
3.7. Technology & innovation landscape
 

Chapter 4. Competitive Landscape, 2018
4.1. Introduction
4.2. Competitive analysis of key market players
4.2.1. Denso Corporation
4.2.2. Kapsch Trafficcom
4.2.3. Moxa Inc.
4.2.4. Siemens AG
4.2.5. Thales Group
4.2.6. TomTom N.V.
4.2.7. TransCore
4.3. Competitive analysis of other prominent vendors
4.3.1. EFKON AG
4.3.2. Hitachi, Ltd.
4.3.3. Nuance Communications
4.3.4. PTV Group
4.3.5. Q-Free ASA
4.3.6. WS Atkins PLC
4.3.7. Xerox Corporation
 

Chapter 5. ITS Market, By Mode of Transport
5.1. Key trends, by mode of transport
5.2. Roadways
5.2.1. Product market estimates and forecast, 2014-2025
5.3. Railways
5.3.1. Service market estimates and forecast, 2014-2025
5.4. Airways
5.4.1. Service market estimates and forecast, 2014-2025
5.5. Maritime
5.5.1. Service market estimates and forecast, 2014-2025
 

Chapter 6. ITS Market, By Roadways
6.1. Key trends, by roadways
6.2. System
6.2.1. Market estimates and forecast, 2014-2025
6.2.1.1. Advanced Traffic Management System (ATMS)
6.2.1.1.1. Market estimates and forecast, 2014-2025
6.2.1.2. Advanced Traveler Information System (ATIS)
6.2.1.2.1. Market estimates and forecast, 2014-2025
6.2.1.3. Advanced Transportation Pricing System (ATPS)
6.2.1.3.1. Market estimates and forecast, 2014-2025
6.2.1.4. Advanced Public Transport System (APTS)
6.2.1.4.1. Market estimates and forecast, 2014-2025
6.2.1.5. Advanced Rural Transportation System (ARTS)
6.2.1.5.1. Market estimates and forecast, 2014-2025
6.2.1.6. Commercial vehicle operation
6.2.1.6.1. Market estimates and forecast, 2014-2025
6.3. Component
 

Chapter 7. ITS Market, By Railways
7.1. Key trends, by railways
7.2. Component
7.2.1. Market estimates and forecast, 2014-2025
7.2.2. Solution
7.2.2.1. Market estimates and forecast, 2014-2025
7.2.2.1.1. Rail traffic management
7.2.2.1.1.1. Market estimates and forecast, 2014-2025
7.2.2.1.2. Asset management software
7.2.2.1.2.1. Market estimates and forecast, 2014-2025
7.2.2.1.3. Rail communication and networking
7.2.2.1.3.1. Market estimates and forecast, 2014-2025
7.2.2.1.4. Real-time passenger information system (Freight management)
7.2.2.1.4.1. Market estimates and forecast, 2014-2025
7.2.2.1.5. Rail analytics
7.2.2.1.5.1. Market estimates and forecast, 2014-2025
 

Chapter 8. ITS Market, By Airways
8.1. Key trends, by airways
8.2. System
8.2.1. Market estimates and forecast, 2014-2025
8.2.1.1. Information display system
8.2.1.1.1. Market estimates and forecast, 2014-2025
8.2.1.2. Tracking and monitoring system
8.2.1.2.1. Market estimates and forecast, 2014-2025
8.2.1.3. Self-service baggage system
8.2.1.3.1. Market estimates and forecast, 2014-2025
8.2.1.4. Kiosks
8.2.1.4.1. Market estimates and forecast, 2014-2025
 

Chapter 9. ITS Market, By Marine
9.1. Key trends, by marine
9.2. System
9.3. Application
 

Chapter 10. ITS Market, By Region

Chapter 11 Company Profiles

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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