Intelligent Transportation System Market Worth $33.89 Billion by 2020

Jul 16, 2015, 11:00 ET from MarketsandMarkets

DALLAS, July 16, 2015 /PRNewswire/ --

According to a new market research report on the "Intelligent Transportation System Market by Component (Interface Board, Sensor, Surveillance Camera and Others), System (ATMS, ATIS, ITS-Enable Transportation Pricing System, APTS, and CVO), Application, and Geography - Analysis & Forecast to 2015 - 2020" published by MarketsandMarkets, the Intelligent Transportation System Market is expected to grow at a CAGR of 11.57% between 2015 and 2020, and reach $33.89 Billion by 2020.

Browse 96 market data Tables and 58 Figures spread through 206 Pages and in-depth TOC on "Intelligent Transportation System Market"
Early buyers will receive 10% customization on this report.

The continuous innovation in this market has helped improve transportation management and reduce traffic congestion. Currently, the application in advanced traffic management systems (ATMS) leads the overall market. ATMS has been the most successful and adaptable system of ITS due to its different functions such as real-time traffic monitoring, traffic signal controlling, incident monitoring, automated warning, dynamic message sign monitoring, traffic camera monitoring, and road weather information monitoring. This has resulted in a wide utilization of these systems in many applications.

Speak to Analyst @

The report covers the global Intelligent Transportation System Market and all its aspects such as opportunities, drivers, and restraints in detail. In this report, the overall market has been divided into five major segments components, systems, applications, and geography. This is a growing market; it is segmented based on systems into advanced traffic management system, advanced traveler information system, ITS-enabled transportation pricing system, advanced public transportation system, and commercial vehicle operation system. The application segment includes fleet management and asset monitoring, traffic monitoring system, traffic signal control system, collision avoidance system, variable traffic message sign, parking availability system, traffic enforcement camera, and automotive telematics. The component segment has been divided into interface boards, sensors, software, surveillance cameras, telecommunication networks, and monitoring and detection systems.

The geographic split of this market has been included in the report. The overall market has been divided into four major geographic regions, namely- North America, Europe, APAC, and RoW. Among all, North America currently leads the overall intelligent transportation system market.

Major players in this market are Thales Group (France), Garmin International Inc. (U.S.), Kapsch TrafficCom AG (Austria), TomTom International BV (Netherlands), Nuance Communications Inc. (U.S.), and Q-Free ASA (Norway).

Browse Related Reports 

Australia Intelligent Transport System (ITS) Market by Application, System (ATMS, ATIS, ITS- Enabled Transportation Pricing System, APTS and CVO), and Territory (New South Wales, Victoria, Queensland, Western Australia, Rest of Australia) - Forecast to 2020

IoT Market in Intelligent Transportation Systems by Components (Semiconductor, Wireless, and Others), Products, Software & Services, Verticals (Road, Rail, Air, and Maritime), Solutions, Applications, and Geography - Analysis & Forecast to 2014 - 2020

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.


Mr. Rohan 

North - Dominion Plaza

17304 Preston Road

Suite 800, Dallas, TX 75252

Tel: +1-888-600-6441


Visit MarketsandMarkets Blog @

Connect with us on LinkedIn @

SOURCE MarketsandMarkets