According to a recently published report by Future Market Insights titled “Intelligent Transport Systems (ITS) Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” the global intelligent transportation systems (ITS) market is expected to be valued at US$ 21,481.4 Mn in 2017, and is projected to reach US$ 70,798.4 Mn by 2027 end, expanding at CAGR of 12.7% throughout the assessed period. The primary factors which are driving this market are growing inclination towards better transport infrastructure and increase in spending on intelligent transportation system.
Through extensive research, our analysts have studied the impact of different dynamics on the current and future scenario of the global intelligent transport systems market, thus providing useful insights to market players to plan their differentiating strategies, capable of evolving with the changing market landscape. We have analysed the key trends, drivers, restraints and opportunities while studying this report. Impact analysis of key growth drivers and restraints based on the weighted average model are included in the report to better equip and arm clients with crystal-clear and decision-making insights. This report provides historical data of 2012-2016 along with forecast from 2017 to 2027 in terms of revenue (US dollar) and volume. The report comprises the study on current issues with end users and opportunities for intelligent transportation system developers. It also includes detailed pricing and value chain analysis.
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Following assumptions have been made while examining the global intelligent transport systems market for the projected period of 2017-2027.
- Average Selling Price (ASP) has been considered to determine market values; the ASP has been arrived at through data collected from various primary and secondary resources including trade websites, company quotations, and primary interviews with manufacturers and end-customers
- Since significant variations have been found in the pricing data collected from various participants, based on the product type, size, quality, and system integration, statistical mode range of the responses has been considered for pricing calculation, and an attempt has been made to represent an appropriate average regional price
- Top-down approach has been used to obtain market numbers. Bottom-up approach has been used to counter-validate the market estimations
- All values for market size are presented in US$ (US Dollar) and sources such as World Bank, IMF, IMO, UNCTDA, OECD, companies’ annual & financial reports, primary respondents, and others are used to enhance the comprehensiveness of this report
We have segmented the global intelligent transport systems market into three sections
By Region
- ASEAN
- Asia Pacific
- Middle East & Africa
- North America
- Western Europe
- Eastern Europe
- Latin America
- Japan
By Application
- Intelligent Urban Traffic Management Systems
- Traffic Monitoring
- Traffic Signal Controls
- Enforcement Camera Management
- Highway Traffic Management
- Intelligent Car Parking Management Systems (Smart Parking)
- Fleet Management and Asset Monitoring
- Public
- Private
- Collision Avoidance Systems
- Advanced Traveller Information Systems
- Congestion/Road Charging Solutions
By Component
- Hardware
- Software
- Services
For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-921
Table Of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market View Point
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
3.3. Value Chain Analysis
3.4. Key Regulation and Standards
4. Global Market Analysis 2012–2016 and Forecast 2017–2027
4.1. Market Size and Y-o-Y Growth
4.2. Absolute $ Opportunity
5. North America Intelligent Transportation System (ITS) Market Analysis 2012–2016 and Forecast 2017–2027
6. Western Europe Intelligent Transportation System (ITS) Market Analysis 2012–2016 and Forecast 2017–2027