Global Intelligent Transport System Market is expected to reach $39.79 billion by 2027 growing at a CAGR 6.7% during 2018 to 2027.

Some of the key players in the Intelligent Transport System market include Tomtom International, Thales, Siemens, Q-Free, Nutonomy, Kapsch Trafficcom, Geotoll, Garmin Flir Systems, Electricfeel, Efkon, Doublemap, Denso, Cubic and Bestmile

Reduction in stops and delays at intersections, speed control & improvement and travel time improvement are likely to boost the growth of the market. However, increased fuel consumption and pollution is likely to hamper the profit boundaries.

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Intelligent transport system (ITS) is an advanced application which aims to provide innovative services relating to different modes of transport and traffic management and enable users to be better informed and make safer, more coordinated, and 'smarter' use of transport networks. Some of these technologies include calling for emergency services when an accident occurs, using cameras to enforce traffic laws or signs that mark speed limit changes depending on conditions.

Based on the Component, the intelligent traffic control involves a much closer interaction between all of its constituents: drivers, pedestrians, public transportation, and traffic management systems. Adaptive signal systems, driver advisory and route planning and automated vehicles are some of the goals set up to increase the efficiency of actual systems. Thus, it can be stated that the large numbers of operations covered by the intelligent traffic control.

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By geography, North America region is dominating the market due to the adoption of ITS to counter traffic congestion and boost safety on roads is propelling the growth of the ITS market in this region. Government funding and support toward the implementation of ITS in North America is another major driver for this market. In addition, the development related to ITS deployment in North American countries—including the US and Canada—is also empowering the market in the region

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Technologies and Standards Covered:
• Wireless and Sensor Network
• Standards and Associations
• Radiowave & Infrared Beacon
• Radio Frequency Identification (RFID)
• Radio Data System-Traffic Message Channel (RDS-TMS)
• Near Field Communication (NFC)
• Global Positioning System
• Dedicated Short Range Communication (DSRS)
• Cooperative Intelligent Transport System (C-ITS)
• Cloud Service

Components Covered:
• Interface Board
• Automatic Vehicle Monitoring and Detection System
• Telecommunication Network
• Sensors
• Software
• Surveillance Camera

Systems Covered:
• Roadways
• Aviation
• Maritime
• Railways

Applications Covered:
• Roadways
• Aviation
• Maritime
• Railways

Protocols Covered:
• Long Range
• Traffic Management Data Dictionary (TMDD)
• Short Range
• Other Protocols

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Release ID: 88942075