About Intelligent Transport System
An intelligent transport system (ITS) is a sophisticated application that provides solutions relating to different modes of traffic and transport management. The traffic management process is rationalized with the optimization of quality and reduction of the costs incurred and the time of implementation of decisions. The different types of ITSs include advanced traffic management systems (ATMSs), public transport ITSs, freight and commercial ITSs, road user charging, ETC systems, security and crime reduction ITSs, road safety systems, ITS communications, and automotive and infotainment telematics. These solutions are used for many applications, especially by governments, and the construction sector municipal authorities. They are also used to prevent accidents, detect the location of vehicles, handle congestion, and control vehicle emission levels.
Research Beam analysts forecast the global intelligent transport systems market to grow at a CAGR of 8.23% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global intelligent transport systems market for the period 2016-2020. To calculate the market size, the report takes into account the total revenue generated from the different geographical regions.
Market driver
• Growing need for public safety
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Market challenge
• Increasing sophistication of safety and security threats
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Market trend
• Smart vehicles on smart roads
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Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to...