The Intelligent Transportation Systems Market Report 2018-2023 focuses on the global Intelligent Transportation Systems status, future forecast, growth opportunity, key market, and key players.
The Intelligent Transportation Systems Market report studies the global market size of Intelligent Transportation Systems in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Intelligent Transportation Systems in these regions. This research report categorizes the global Intelligent Transportation Systems market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.
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The various contributors involved in the value chain of Intelligent Transportation Systems include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
- Denso Corporation
- Efkon AG
- Garmin International
- Kapsch Trafficcom AG
- Nuance Communications
- Thales Group
- Q-Free ASA
Overview of Intelligent Transportation Systems Market Research Report 2018-2023:-
Technological advancements to fuel growth
The term, Intelligent Transportation Systems was coined over two decades ago to designate applications of information and communication technologies to the operational management of transportation networks. The Intelligent Transportation Systems market growth is currently being hindered by the lack of inter-operability and standardization. The rapidly expanding telematics and vehicle infotainment industry, coupled with continued explosive growth of the commercial connected vehicle will see the emergence of new data streams, provided by the auto industry, and openly accessible to the developer community.
The open data streams will facilitate the development of additional applications and services and represents the industryâs first extensive, real-time and anonymized data set, which is sourced from the traditional passenger vehicles. The major objective of the intelligent transport system market is to reduce traffic congestion, pollution level, and to control the number of road accidents. The major reasons behind the increase in traffic congestion are the growth in the number of vehicles on the roads, increase in population and migration of the rural areas to the metropolitan cities.
The intelligent transportation systems market is expected to grow at a CAGR of 6.7% over the period 2018-2023. The improved supply chain management and the initiatives taken by the government are the key drivers, which are making the intelligent transportation systems market to grow lucratively.
The Global Intelligent Transportation Systems Market is classified based on their Systems (Advanced Traffic Management System, Advanced Traveler Information System, Advanced Public Transportation System, and Commercial Vehicle Operation) and Components (Interface Boards, Sensors, Software, Surveillance Camera, Tele-Communication Networks, Monitoring & Detection Systems, and Others). Additionally, the market is further divided into Application (Fleet Management & Asset Monitoring, Traffic Monitoring System, Traffic Signal Control Systems, Parking Convenience Systems, Traffic Enforcement Cameras, and Accident Avoidance Systems), and Geography (North America, Europe, Asia Pacific and Rest of the World).
This report describes a detailed study of the Porters five-force analysis of the market. All the five major factors in these markets are quantified using the internal key parameters governing each of them. It also covers the market landscape of these players, which includes the key growth strategies, geographical footprint, and competitive analysis.
The report also considers key trends that will affect the industry and the profiles of the leading suppliers of Intelligent Transportation Systems Market.
Key market players: TRANSCORE INC, KAPSCH TRAFFICCOM AG, EFKON AG, Q-FREE, THALES GROUP amongst others.
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Key questions answered in the Intelligent Transportation Systems Market Report are.
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Intelligent Transportation Systems market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Major Points from TOC of Intelligent Transportation Systems Market Research Report 2018-2023:
1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
4.1.1 Rise in Defence Expenditure of Many Countries
4.1.2 Increasing Demand of Lightweight Materials in the Industry
4.2.1 Need for High Investments in R&D
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
- MARKET SEGMENTATION
1 By Application
5.2 End-user Sector
5.3.2 North America
5.3.4 South America
5.3.5 the Middle East & Africa
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