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Intelligent Transportation Systems Market Expected to Reach 4580 Million US$ by the End of 2025, with a CAGR of 18.4% Fueled with Increasing Investment by Various Governm

Global (United States, European Union and China) Intelligent Transportation Systems Market Size, Status and Forecast 2018-2025

Posted: Tuesday, November 06, 2018 at 9:59 PM CST

Pune, India -- (SBWire) -- 11/06/2018 --ITS is an advanced application which, without embodying intelligence as such, 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.
Increasing vehicle density, need to reduce traffic congestion and increasing investment by various governments is fueling the deployment of Intelligent Transportation Systems (ITS).

In 2017, the global Intelligent Transportation Systems market size was 1190 million US$ and it is expected to reach 4580 million US$ by the end of 2025, with a CAGR of 18.4% during 2018-2025.

This report focuses on the global Intelligent Transportation Systems status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Intelligent Transportation Systems development in United States, Europe and China.

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The key players covered in this study

Thales

Xerox

Cubic

Kapsch

Q-Free

Denso

Siemens

Addco

Hitachi

Iteris

Lanner Electronics

Garmin

TomTom

TransCore

Agero

Atkins

Efkon

Savari

Telenav

Sensys Networks

Market segment by Type, the product can be split into

ATMS

ATPS

ATIS

Market segment by Application, split into

Traffic Management

Electronic Toll Management

Parking Management

Market segment by Regions/Countries, this report covers

United States

Europe

China

Japan

Southeast Asia

India

Central & South America

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The study objectives of this report are:

To analyze global Intelligent Transportation Systems status, future forecast, growth opportunity, key market and key players.

To present the Intelligent Transportation Systems development in United States, Europe and China.

To strategically profile the key players and comprehensively analyze their development plan and strategies.

To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Intelligent Transportation Systems are as follows:

History Year: 2013-2017

Base Year: 2017

Estimated Year: 2018

Forecast Year 2018 to 2025

For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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