About Intelligent Transport Systems (ITS)
An ITS is a sophisticated application, which provides solutions related to various modes of transport and traffic management. It allows commuters to be informed about the traffic situation, and enhances road safety. The traffic management process is also streamlined with the optimization of quality, and the reduction in time required for implementation of decisions as well as in costs incurred. The various types of ITS include ATMS, road user charging, ETC, public transport ITS, freight and commercial ITS, security and crime reduction ITS, road safety systems, ITS communications, and automotive and infotainment telematics. These solutions are mostly used by governments, municipal authorities, and the construction sector, to handle congestion, prevent accidents, detect the location of vehicles, and also to check vehicle emission levels.
Technavio analysts forecast the ITS Market in North America to grow at a CAGR of 6.49%, in terms of revenue, during 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the ITS Market in North America for the period 2015-2019. The market covered in the report includes roadway transportation only. To calculate the market size, we consider revenue generated from the sales of ITS products. We also present the vendor landscape and a corresponding detailed analysis of the top five vendors in the ITS Market in North America.
The Technavio report, namely ITS Market in North America 2015-2019, is based on an in-depth market analysis, with inputs from industry experts. We discuss the major drivers influencing market growth and also the challenges facing the vendors and the market as a whole. We evaluate the key trends emerging in the market as well.
The ITS Market in North America is segmented on the basis of its product type:
• Automotive and Infotainment Telematics
• Freight and Commercial ITS
• ITS Communications
• Network Management
• Public Transport ITS
• Road Safety
• Security and Crime Reduction ITS
Key Vendors
• Denso
• KAPSCH
• Q-Free
• Thales
• TransCore
Other Prominent Vendors
• 3M
• Addco
• Agero
• Grenobloise d'Electronique et d'Automatismes
• Hitachi
• International Road Dynamics
• Lanner
• Metro Infrasys
• Mitsubishi Heavy Industries
• Omron
• Perceptics
• SAIC
• Savari
• Sensys
• TRMI Systems Integration
• Watchdata
• Xerox
Market Driver
• Need to Reduce Traffic Congestion
• For a full and detailed list, view our report
Market Challenge
• High Cost of Operation and Maintenance
• For a full and detailed list, view our report
Market Trend
• Increase in Sophistication and Accuracy of ITS
• For a full and detailed list, view our report
Key Questions Answered in this Report
• What will the market size be in 2019 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?
Intelligent Transport Systems (ITS) Market in North America 2015-2019
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Research Methodology
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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The market is expected to grow at a CAGR of %.
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