NEW YORK, Aug. 10, 2016 /PRNewswire/ -- Intelligent Transportation System (ITS) is an integration of communication system and information technologies, designed primarily for improving safety, security and efficiency in transportation network. It is an advanced system form of system that would eventually gain over traditional form of transportation systems.
The market size of North America Aviation & Maritime Intelligent Transport Systems (ITS) market was estimated to be USD 5,557.1 Million in 2015 and is expected to grow at a CAGR of 11.6% during the forecast period (2016 – 2022).
Airports today have increasingly complex operations. Therefore airports need excellence across verticals, with diverse set of capabilities and the management of many di?erent stakeholders. Airports have distinctive roles to fulfil with challenges to drive efficiency, service quality, and ultimately passenger growth. There are increasing service expectations from both passengers and airlines; regulator-imposed challenges on aeronautical charges; and the need to ful?ll a national, regional, or municipal development role.
Managing investment and choosing right avenues to invest will be critical to meet the challenges prevailing. Airports have differentiated capabilities, giving it a unique and sustainable edged over other markets and therefore, requiring substantial investment. Differentiating vital elements that make a difference to airlines and passengers from that of that does not make an impact is vital for the success of the airport.
Aviation segment dominated the North America Aviation & Maritime ITS market in 2015. The segment generated revenue of USD 3,382.6 Million in 2015, and is expected to grow at a CAGR of 12.0% during the forecast period. Maritime is expected to grow at a CAGR of 11.1% during the forecast period.
The North America Aviation Intelligent Transport Sytems (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 North America 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 the country, North America Aviation & Maritime Intelligent Transport Systems (ITS) market is segmented into US, Canada, Mexico and Rest of North America. United States remained the dominant region in 2015. Canada would witness highest CAGR during the forecast period (2016-2022).
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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