Intelligent Transportation Systems: A Global Strategic Business Report
San Jose, CA (Vocus) September 2, 2010
Road infrastructures in most countries is creaking under the pressure of rising traffic density. Slow movement of traffic, deterioration in air quality, frequent accidents, and fuel wastage, are some of the major fallouts of increasing traffic and inadequate or ill-equipped road network/infrastructure. This infrastructure inadequacy in most countries is aggravated by constrained capital and physical resources. However, the recent emphasis on reducing recurrent traffic jams, which cause massive emissions of noxious gases is leading to a shift away from conventional transportation systems towards intelligent transportation systems. Interest in this space is spurred by advancements in enabling technologies, such as, sensor technologies, enhanced reliability of networking systems, incremental innovations in computer and communication technologies. Future growth in this market depends largely on successful standardization of technologies, compatibility of network architectures and interoperability of ITS systems.
Currently however, the need to efficiently monitor and manage vehicular movement and pre-inform commuters about traffic issues that they are likely to encounter, spurs growth in the world Intelligent Transportation Systems market. Rising awareness of benefits offered will further boost adoption and market penetration of intelligent transportation systems. Innovation ranks high on the priority charts of market participants, given the competitive environment of the market that necessitates continuous product differentiation. The emphasis is currently being shed on value-added services as players attempt to gain a competitive edge by differentiating their offerings from those of their competitors.
As stated by the new market research report on the Intelligent Transportation systems, US continues to remain the largest regional market for ITS, accounting for a share of almost 40% of global revenue generated. However, growth in the market remains encouraging in developing markets, particularly Asia-Pacific and Latin America. With significant activity in progress in relation to transportation infrastructure in countries such as Brazil, Argentina and Mexico, Latin America holds tremendous opportunities in store for ITS. Similarly, demand for ITS in Asia-Pacific will be driven by rapid infrastructure developments in countries such as China, Australia, New Zealand, Malaysia, Thailand and Korea.
In terms of products, Advanced Traffic Management Systems market is the largest product segment. The Electronic Toll Collection Systems market is the fastest growing product segment, displaying a robust CAGR of about 12.77% over the analysis period. Demand for ETC systems on highways and motorways across the globe is expected to increase substantially in the short to medium term period.
Major market participants include ADDCO LLC, ARINC Incorporated, Image Sensing Systems Inc., INIT Innovation In Traffic Transportation Systems AG, Magellan Navigation Inc., MARK IV IVHS, NAVTEQ Corporation, Siemens Mobility, Sirit Inc., TransCore Inc., Affiliated Computer Services Inc., Citilog SA, ItraMAS Corporation Sdn Bhd, Q-Free ASA, Swarco Holdings AG, SpeedInfo Inc., Tacel Ltd., Traficon N.V., Transdyn Inc., XATA Corporation, American Traffic Solutions Inc., Bosch Security Systems Inc., Telenav Inc., Wavetronix LLC, Dambach-Werke GmbH, Imago Group, Steria SA, Telvent GIT S.A., Zeus Technology Ltd and International Road Dynamics Inc, among others.
The research report titled “Intelligent Transportation Systems: A Global Strategic Business Report”, published by Global Industry Analysts, Inc., provides a comprehensive review of trends, product developments, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for the United States, Europe, Japan and Rest of World markets over the period 2007-2015. Product segments analyzed include Advanced Traffic Management Systems (ATMS), Electronic Toll Collection (ETC) Systems, Public Vehicle Transportation Management Systems (PVTMS), Commercial Vehicle Operations (CVO) systems and other intelligent transportation systems (including advanced vehicle information systems).
For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Intelligent_Transportation_Systems_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site http://www.StrategyR.com/