Intelligent Transport System is an emerging transportation system which integrates users, vehicles and transportation systems through application of computer and communications technologies to accomplish traffic efficiency, save energy, increase safety, improve environmental sustainability. It is an amalgamation of information and communication techniques used in traffic and transport management systems. According to the European Commission’s DG Research, it was estimated that intelligent transport system could reduce congestion by up to 15%, CO2 emissions by 20% and road fatalities by up to 15%.
According to market research insight by IndustryARC, Intelligent Transport System market is projected to grow at healthy CAGRs owing to its environmental performance, travel reliability and efficiency of the transport system. The American market generated highest revenue for intelligent transport systems, followed by APAC.
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The report on Intelligent Transport System market includes expert insights along with an in-depth analysis of various technological and economic factors. This report provides a descriptive study of intelligent transport system based on its technologies and standards which includes cloud service, global positioning system and wireless & sensor network among others. The subsequent section which comprises of component integrated into intelligent transport systems categorized as sensor, interface boards, software.
Intelligent Transport System Market has different systems for different levels such as Advanced Traffic Management System, Advanced Traveler Information System, Advanced Vehicle Control System, Commercial Vehicle Operation and Advanced Public Transportation System.
In Intelligent Transport System Market, currently Advanced Traffic Management Systems (ATMS) leads the overall market. ATMS has been the most blooming system of ITS due to its diverse functions...