ITS Market size expected to reach USD 47.5 billion by 2022 Intelligent transportation system (ITS) market siz

Intelligent Transportation System (ITS) Market – Global
Industry Analysis Report, Share, Size, Growth, Price Trends
and Forecast, 2022: Fractovia.Org

Intelligent Transportation Systems (ITS) Market size is predicted to touch $47.5
billion by end of 2022 and register CAGR of more than 13% during forecast
timeframe. Factors like performance improvement of transportation systems and
growing road safety requirements are predicted to promote the demand for these
systems. Many initiatives are taken to deploy modern traffic management systems
and enhance consciousness about significance of road safety.
Intelligent transportation systems are modern applications offering new services
related with various transportation & traffic management modes and help clients
make safe, smart and coordinated use of transportation networks. Further growing
requirements for interoperability is predicted to promote industry growth during
forecast timeframe.

Product Trends
Intelligent transportation systems are segmented into two types- ATMS (Advanced
Traffic Management System) and APTS (Advanced Persistent Threat System).
ATMS segment size was evaluated at more than $6 million for 2014 and is predicted
to touch $18.39 billion by end of forecast timeframe. This system helps in identifying
weather conditions, avert accidents and road susceptibility. The device is integrated
with traffic control system that helps in reduction of congestion and ensures effective
utility of road space.
APTS segment helps in growing the efficacy and improve total security. It is
predicted to register CAGR of more than 13.1% during forecast period. Its main
applications are bus arrival notification system, passenger information system and
vehicle tracking system.
Applications Trends
Different traffic management systems are vehicle detection systems, bridge traffic
management systems and ramp metering. They provide consistent road networks
and improve operational performance.
Road pricing segment is predicted to register CAGR of 12% during forecast period. It
is predicted to lead the intelligent transportation systems (ITS) market due to
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