Intelligent Transportation System (ITS) Market - Key Players are Kapsch TrafficCom, Thales Group & TomTom NV - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Intelligent Transportation System (ITS) Market Analysis By Type, By Application And Segment Forecasts To 2024" report to their offering.

The global intelligent transportation system (ITS) market is expected to reach USD 66.5 billion by 2024. The usage of ITS to reduce road accidents and increase safety is a major driving force for the ITS market.

Demand for Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communication in order to enhance road safety is expected to gain momentum over the forecast period. The continuous progression and development have become a crucial need for betterment of road networks in the transportation systems. Enhancement in vehicle transport technology such as blind spot detection and electronic toll collection has continued to redefine the current opportunity and future prospects of sustainable traffic and transport management.

Additionally, congestion cost is a major issue for any nation in terms of fuel consumption and travel time. ITS and connected car technology is transforming mobility and safety on highways by avoiding crashes and reducing fatalities. As a result, there is a strong focus on deployment of advanced traffic systems and reducing the number of road accidents, which can be facilitated through ITS solutions.

The North America ITS industry is anticipated to reach USD 26.29 billion by 2024. Increased government focus on passenger safety and implementation of traffic management projects and initiatives are propelling the demand for intelligent transportation system.

Companies Mentioned:

  • ADCCO LLC
  • Agero Inc.
  • DENSO Corporation
  • EFKON AG
  • Hitachi Ltd
  • Nuance Communications Inc.
  • Garmin International Inc.
  • Iteris Inc.
  • Kapsch TrafficCom AG
  • Lanner Electronics Inc.
  • Q-Free ASA
  • Ricardo PLC
  • Sensys Networks Inc.
  • Siemens AG
  • Telenav Inc.
  • Thales Group
  • TomTom NV
  • TransCore Inc.
  • WS Atkins PLC
  • Xerox Corporation

Key Topics Covered:

1. Methodology and Scope

2. Executive Summary

3. Market Snapshot

4. ITS Industry Outlook

5. ITS Product Outlook

6. ITS Application Outlook

7. ITS Regional Outlook

8. Competitive Landscape

For more information about this report visit http://www.researchandmarkets.com/research/dcjjct/intelligent

Contacts

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press@researchandmarkets.com
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Related Topics: Transport and Shipping, Public Transport

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Transport and Shipping, Public Transport