Global Intelligent Transportation Systems Market , Analysis and Forecast : 2017 – 2022 ;
Focus on Advanced Traffic Management , Electronic Tolling , Smart Parking , Revenue Collection , Railway Crossing Management , Freight Management , & Tunnel Management
The overall demand for intelligent transportation systems ( ITS ) is increasing significantly owing to factors such as growing demand for vehicles and rising urbanization leading to space congestion within the city limits . This has led to the requirement of more sophisticated infrastructure and advanced systems to manage traffic and space scarcity . The market is estimated to witness a growth at a CAGR of 7.9 % over the period of 2016 to 2022 . The report is a compilation of market size and future growth potential of the ITS market across different transportation modes such as roadways , railways , airways , and marine .
The report provides a detailed market analysis and forecast with respect to various applications involved in the ITS market for roadways such traffic management , public transportation , road safety & security , tolling , parking management , freight management , tunnel management & safety , environmental monitoring , and road – user charging . On the basis of type , the ITS market for roadways is segmented into : Advanced Traffic Management System ( ATMS ), Advanced Transportation Pricing System ( ATPS ), Advanced Traveler Information System ( ATIS ), Advanced Public Transportation System ( APTS ), Commercial Vehicle Operations ( CVO ), and Advanced Rural Transportation System ( ARTS ).
While highlighting the key driving and restraining forces for this market , the report provides a detailed study on the different applications of ITS used for railways , which include railway crossing management , freight services , cost management , passenger services , and infotainment . The global ITS market for airways is segmented by applications such as air traffic management , security & surveillance , shuttle bus tracking , traveler information , smart ticketing , and emergency notification . The report also incorporates ITS market for marine and is breakdown by application- vessel traffic management , freight arrival and transit , real time weather information , and emergency notification . The report examines the role of the leading market players involved in the industry . The report addresses the following key questions about the global ITS market :
• What is the global ITS market size in terms of value from 2015-2022 ?
• Which mode of transportation is currently leading and is the fastest growing in the global ITS market ?
• What is the dominant application and system by value in the ITS market for roadways ?
• What is the revenue generated by the different applications in the global ITS market for railways from 2015-2022 ?
• Which application will lead by value in the ITS market for airways by the end of the forecast period ?
• What is the dominant application by value in the ITS market for marine ?
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