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

innovative technology solutions like high occupancy toll lanes and vehicles miles travelled. U.S. ITS market size by application, 2012-2022 (USD Million) Regional Trends APAC intelligent transportation systems (ITS) market size is anticipated to expand substantially due to increasing modernization in sensor technology along with its growing acceptance in nations like China and India. Latin America industry size is predicted to increase by more than 13.1% in future. North America intelligent transportation systems (ITS) market share was evaluated at more than $7 billion for 2014. Favorable regulatory policies along with promotional events are predicted to enhance the demand of the systems in the region. European commission has taken various initiatives for investing in eSafety, EasyWay and Galileo. This is further anticipated to promote the industry growth in Europe. Germany intelligent transportation systems (ITS) market size is predicted to grow at more than 11% during the forecast timeframe. Competitive Trends Key industry players profiled in the report include Hitachi Limited, Agero Incorporation, Siemens AG, Sensys Networks Incorporation, Q-Free ASA, Garmin International Incorporation, WS Atkins PLC, TomTom NV, Denso Corporation, IBM Corporation, ADCCO LLC, EFKON AG, Kapsch TrafficCom AG, Nuance Communications, Iteris Incorporation, Lanner Electronics Incorporation, SWARCO 2|Page

ITS Market size expected to reach USD 47.5 billion by 2022 Intelligent transportation system (ITS) market siz | Page 2