Market Revenue Intelligent Transportation System (ITS) Market | Page 3

coupled with promotional activities for road safety. Asia Pacific is anticipated to witness the fastest growth
owing to technological innovations that includes integrated handheld devices with sensors to enhance
transportation networks. Emerging economies such as India and china are investing more in R&D and regulatory
initiatives including wealth and welfare act and industrial safety that are expected to fuel the market growth in
this region Major players operating in the ITS market include Thales Group, Garmin International Inc, TomTom
International BV, Kapsch TrafficCom AG Q-Free ASA and Nuance Communication Inc. Other industry participants
include denso corporation, savari, transcore and EFCON AG.
Key company strategies of the companies include innovation and product development with mergers and
acquisitions. In addition, market players provide maintenance and construction services for large deployments
of the technology. For instance, Thales group introduced employed signaling, communications and supervision
solutions in railway transportation. Thales’ signaling system is based on electronic interlocking, field, Altrac ETCS
level 1 as ATP train protection system, energy systems, hotbox detectors, cables and interfaces with existing
signaling systems on adjacent lines.
Market Segment:
ITS Type Outlook (Revenue, USD Million, 2014 - 2024)
• ATIS
• ATMS
• ATPS
• APTS
• Cooperative vehicle system
ITS Application Outlook (Revenue, USD Million, 2014 - 2024)
• Traffic management
• Road safety and security
• Freight management
• Public transport
• Environment protection
• Automotive telematics
• Parking management
• Road user charging
ITS Regional Outlook (Revenue, USD Million, 2014 - 2024)
• North America
• U.S.
• Canada
• Europe