The term, 'Intelligent Transportation Systems' was coined over two decades ago to designate applications of information and communication technologies to the operational management of transportation networks. The Intelligent Transportation Systems market growth is currently being hindered by the lack of inter-operability and standardization. The rapidly expanding telematics and vehicle infotainment industry, coupled with continued explosive growth of the commercial connected vehicle will see the emergence of new data streams, provided by the auto industry, and openly accessible to the developer community.
The open data streams will facilitate the development of additional applications and services and represents the industry’s first extensive, real-time and anonymized data set, which is sourced from the traditional passenger vehicles. The major objective of the intelligent transport system market is to reduce traffic congestion, pollution level, and to control the number of road accidents. The major reasons behind the increase in traffic congestion are the growth in the number of vehicles on the roads, increase in population and migration of the rural areas to the metropolitan cities.
The intelligent transportation systems market is expected to grow at a CAGR of 6.7% over the period 2018-2023. The improved supply chain management and the initiatives taken by the government are the key drivers, which are making the intelligent transportation systems market to grow lucratively.
The Global Intelligent Transportation Systems Market is classified based on their Systems (Advanced Traffic Management System, Advanced Traveler Information System, Advanced Public Transportation System, and Commercial Vehicle Operation) and Components (Interface Boards, Sensors, Software, Surveillance Camera, Tele-Communication Networks, Monitoring & Detection Systems, and Others). Additionally, the market is further divided into Application (Fleet Management & Asset Monitoring, Traffic Monitoring System, Traffic Signal Control Systems, Parking Convenience Systems, Traffic Enforcement Cameras, and Accident Avoidance Systems), and Geography (North America, Europe, Asia Pacific and Rest of the World).
This report describes a detailed study of the Porters five-force analysis of the market. All the five major factors in these markets are quantified using the internal key parameters governing each of them. It also covers the market landscape of these players, which includes the key growth strategies, geographical footprint, and competitive analysis.
The report also considers key trends that will affect the industry and the profiles of the leading suppliers of Intelligent Transportation Systems Market.
Key market players: TRANSCORE INC, KAPSCH TRAFFICCOM AG, EFKON AG, Q-FREE, THALES GROUP amongst others.
Reasons to Purchase this Report:
- The report analyses how the growing need for environmental protection will drive the global intelligent transportation system market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major market players.
- 3 months analyst support along with the Market Estimate sheet (in excel).
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics
5.1.1 Growing Need for Safety
5.1.2 Increasing Demand for Environmental Protection
5.2.1 High Costs
5.3.1 Growing Demand for Smart Vehicles
5.3.2 Rise in Global Economy
6. Global Intelligent Transportation Systems Market, Segmentation by Type
6.1 Advanced Traffic Management System
6.2 Advanced Traveller Information System
6.3 Advanced Public Transportation System
6.4 Commercial Vehicle Operation
7. Global Intelligent Transportation Systems Market, Segmentation by Application
7.1 Fleet Management and Asset Monitoring
7.2 Traffic Monitoring
7.3 Traffic Signal Control
7.4 Parking Convinience Systems
7.5 Traffic Enforcement Cameras
7.6 Accident Avoidance Systems
8. Global Intelligent Transportation Systems Market, Segmentation by Geography
8.1 North America
8.1.1 United States
8.2.2 United Kingdom
8.4 Rest of the World
9. Competitive Landscape
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
10.1 Denso Corporation
10.2 Efkon AG
10.3 Garmin International
10.4 Kapsch Trafficcom AG
10.5 Nuance Communications
10.6 Thales Group
10.9 Q-Free ASA
11. Future Outlook of the Market