Intelligent Transport system or ITS is an application which is designed to provide customized and specific solutions to issues related to transportation and traffic. This application helps to reduce cost and optimize quality. There are various solutions which exist for smoothening traffic in many areas like freight, commercial and toll roads. These solutions when applied by the government, can prevent accidents, detect vehicle location, ease congestion and also monitor vehicular emission.
With more and more people migrating to the cities and urban areas, the importance of intelligent transportation is also gaining importance. It has become a must along with more infrastructures like highways, roads and public transport options. It has become paramount for governments around the world to not only reduce traffic snarls but also decrease accidents significantly. There is also a dire need for reducing emissions from vehicles to curb air pollution. Congestion on road can be managed by streamlining traffic. As the ITS can effectively solve all these problems, therefore the demand for such an application is expected to rise.
The market for intelligent transportation software can be on the basis of the product such as Network management, Freight and commercial ITS, Public transport its, Security and crime reduction ITS, Automotive and infotainment telematics, Road safety systems and ITS communication. Geographically North America dominates the ITS market. However, the market can see slow growth rate due to saturation.
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The key players are 3M, Denso, EFKON, Kapsch Traffic Com and so on.
Report Contents Regional Analysis Report Highlights
Global Market segments
Global Market Drivers, Restraints and Opportunities
Global Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Global Market – Current Trends
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Porters Five Force Analysis
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