NEW YORK, Aug. 10, 2016 /PRNewswire/ -- In 2015, Germany dominated the Europe ITS Market is expected to generate revenue of USD 4,156.6 Million by 2022. Italy on the other hand is expected to register a highest CAGR of 9.9% during the forecast period (2016-2022) thereby achieving a market size of USD 978.0 Million by 2022. The UK region generated a revenue of USD 2,364.3 Million in 2015 and is expected to grow at a CAGR of 6.6% during the forecast period. The France region would witness a growth of 8.7% CAGR from time period 2016 – 2022.
Roadways segment dominated the Europe ITS Market by Mode of Transportation in 2015. The segment generated revenue of USD 4,086.4 Million in 2015, and is expected to continue its dominance further. Aviation segment on the other hand is expected to register a highest CAGR of 12.4% during the forecast period (2016-2022) thereby achieving a market size of USD 4,564.2 Million by 2022.
Customer Management segment dominated the Europe Railways ITS Market by Application market in 2015 and is expected to generate revenue of USD 1,238.8 Million by 2022. Carbon Emission Control segment on the other hand is expected to register a highest CAGR of 7.9% during the forecast period (2016-2022) thereby achieving a market size of USD 391.2 Million by 2022. Cost Management segment is expected to grow at a CAGR of 4.5% during the forecast period.
The developing regions have many impediments to growth, and road traffic jams have and will be a major problem causing massive delays, increased fuel wastage and monetary losses. The fast changing regional landscape has led to poorly planned road networks. Due to unplanned road networks, small critical areas become the hot-spots for congestion and ineffective and poor traffic management around these hotspots potentially results in extended traffic jams. Privatizations of highways and road pricing have been some initiatives proposed to reduce congestion.
The different types of mode of transport discussed in the report include roadways, railways, aviation and maritime. As the Roadways ITS solutions, the components and services have been focused in the report. The market have been analysed both in terms of different hardware and software as the components along with the business & cloud services and Support and Maintenance services. The Roadways ITS market has been further probed by systems including Advanced Traveler Information Systems (ATIS), Advanced Transportation Management Systems (ATMS), Advanced Transportation Management Systems (ATMS), Advanced Public Transportation Systems (APTS) and Cooperative Vehicle Systems. The major applications including Fleet Management and Asset Monitoring, Automotive Telematics, Traffic Management, Collision Avoidance, Passenger Information among others have been discussed in the report.
The application market of Europe Railways Intelligent Transport Systems (ITS) market including Cost Management, Carbon Emission Control, Capacity Management, Customer Management have been focused to provide the in-depth understanding of the market.
The Europe Aviation Intelligent Transport Systems (ITS) Market has been analysed with an in-depth probe into the different Systems market and application areas. As the system market, the report provided insights for Information Display, Tracking & Monitoring, Communication, Kiosks, Smart Gate Self-Service Baggage market. As the application market, the report focuses on Security & Surveillance, Shuttle Bus Tracking, Traveler Information, Smart Ticketing, Aircraft Management, Emergency Notification applications of Aviation Intelligent Transport Systems.
The Europe Maritime Intelligent Transport Systems (ITS) Market section covers different System market including Automatic Identification & Vessel Traffic Management, Long-Range Identification & Tracking System, Maritime Navigation & Information Service market. As the application market, the report focuses on Freight Arrival & Transit, Real-Time Weather Information, Scheduling of Container Movement, Emergency Notification applications of Maritime Intelligent Transport Systems Market.
Based on Country, Europe Intelligent Transport Systems market is segmented into Germany, U.K, France, Russia, Spain, Italy and Rest of Europe. Germany remained the dominant region in 2015.
Key companies profiled in the report include Siemens AG, Cisco Systems, Inc., ZTE Corporation, IBM Corporation, Microsoft Corporation, Intel Corporation, Oracle Corporation and Computer Science Corporation.
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