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World Intelligent Transportation System (ITS) Market - Opportunities and Forecasts, 2019 - 2026

  • ID: 3773175
  • Report
  • Region: Global
  • Allied Analytics LLP
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The increasing number of mega cities and the population growth in developed and developing countries has increased the importance of deploying an intelligent transport system (ITS). ITS system constitutes both, road transport and an efficient metro/underground rail system. ITS involves the revamp of overall technological aspects such as GPS, Carrier Access for Land Mobiles (CALM), Dedicated Short Range Communication (DSRC) etc. Globally, the concerned government departments understand the importance of implementing an efficient ITS system, which is an important driving factor for the market growth. Therefore, these departments are formulating specific programs and taking initiatives to implement the system. For example, the U.S. Department of Transport (DOT) is focusing on intelligent infrastructure, intelligent vehicles and integration of these two factors. The DOT has started a Federal ITS program that would make research initiatives, investigative study and support the deployment of the system through systematic investment. Additionally, an efficient transport system would assist in controlling traffic congestions and increase environmental benefits by reducing pollution, and these factors act as other major drivers for the market.

However, the major restraint for the market growth is the slow growth of infrastructure, especially in the developing regions of the world due to the high cost of installation. Another key restraint for the growth of the market is the lack of standards and negligible interoperability between the various modes of transport and technologies. To address these challenges, various government sectors and key players in the market are forming strategic private-public partnerships. Furthermore, the major opportunity for the market lies in the development of smart vehicles that would operate on intelligently controlled roads by deploying state of art infrastructure and latest technologies.

Some of the key players profiled in this report are Affiliated Computer Services, Inc., Denso Corporation, Agero, Inc., Addco Llc, Lanner Electronics, Inc., Nuance Communications, Inc., Ricardo Plc, Sensys Networks, Inc., Telenav, Inc., Efkon AG and Thales Group.

KEY BENEFITS

  • The in-depth analysis provides market intelligence with respect to segments based on applications, systems and geographies
  • Detailed analysis of the top factors impacting the growth of the market based on the current market scenario and projected future trends
  • Value chain analysis provides key inputs about the role of all stakeholders of the market
  • Porter’s five force analysis provides in-depth understanding about the potency of suppliers & buyers, threat of new entrants & substitutes along with competitive scenario of the market
  • SWOT analysis and recent developments of key players are included in the report so that companies can understand the competitive scenario of the market and make strategies for better market capitalization
  • Estimations are calculated according to the current market scenario and projected future trends for the analysis period of 2013-2020 with base revenue of 2012
  • The report discusses the trends and opportunities in various geographies so that companies can make region specific plans to gain competitive advantage

KEY MARKET SEGMENTS

BY APPLICATION

  • Traffic Monitoring
  • Collision Avoidance Systems
  • Fleet Management & Asset Monitoring
  • Traffic Signal Control Systems
  • Parking Availability Systems
  • Variable Traffic Message Signs
  • Traffic Enforcement Cameras

BY SYSTEM

  • Advanced Traveler Information System
  • Vehicle-to-Vehicle Interaction and Vehicle-to-Infrastructure Interaction
  • Advanced Traffic Management System
  • Advanced Public Transportation System (APTS)
  • Commercial Vehicle Operation
  • ITS - Enabled Transportation Pricing System

BY GEOGRAPHY

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (ROW)

KEY AUDIENCES

  • Transport and Related Technology Developers
  • Automotive Industry
  • Government and Research Organizations


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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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