Technology ITS Technology to Improve Road Safety | Page 2

Your Catalyst To a Lucrative Business
Key report insights suggest:
- Global intelligent transportation system market was valued USD 18.5 billion in 2014, with estimation of USD
38.6 billion by 2020, growing at 13% from 2014 to 2020
- Global ITS market demand in traffic management system was USD 5,773.7 million in 2014 which is probable to
achieve USD 11,429.6 billion by 2020, growing at a CAGR of 12.1% from 2014 to 2020. Advantages offered by
this system include operation performance and reliability are predictable to stimulate the industry demand.
Public transport is expected to grow at 13.4% over the next six years.
- North America leads the regional demand with market share of 43.66% in 2014. Strict government initiatives
have encouraged the demand in this region over the forecast period. Asia Pacific ITS market is expected grow at
high rates compared to other regions. The region is expected to grow at a CAGR of 14% up to 2020.
- The industry is reasonably competitive, with top ten manufacturers which account for a large percentage of
industry share in 2013. Major participants include Kapsch TrafficCom, Hitachi Ltd., Siemens AG, SWARCO AG,
TomTom NV, Denso, Q-Free ASA, Garmin International, IBM Corp. and Xerox Corp.
Related Category Market Reports @ https://www.hexaresearch.com/research-category/next-generation-
technologies-industry
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