MarketersMEDIA / Newsroom / Intelligent Transport System Market 2019 Size By Mode of Transport (Roadways, Railways, Airways, Maritime), Sub-segments, Region, Competitive Market Share, & Forecast 2024

Intelligent Transport System Market 2019 Size By Mode of Transport (Roadways, Railways, Airways, Maritime), Sub-segments, Region, Competitive Market Share, & Forecast 2024

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In the maritime intelligent transport system (ITS) market, tracking and monitoring systems held a major industry share of over 35% in 2018 and are expected to maintain a dominant position in 2025.

— Roadways ITS is expected to hold a majority intelligent transport system market share of the due to a growing number of vehicles, which has resulted in increased road traffic and congestion. A rise in the number of road fatalities has also contributed to the adoption of ITS solutions.

In the roadways intelligent transport system market, the telecommunications network segment is expected to witness the highest growth over the forecast timeline. ITSs uses communication technologies to improve the connection between roadside equipment, vehicles, and stakeholders and also present opportunities to deliver reliable voice & data services to improve traffic flow. Thus, reliable communications systems are critical for monitoring and managing complex transportation infrastructure.

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In the railways intelligent transport system market, the demand for real-time passenger information systems is expected to exhibit accelerated growth from 2019 to 2025. These systems provide real-time information such as news broadcast, entertainment, scheduling, and emergency communication services to passengers through voice or visual, thus increasing the traveling comfort for them. The widespread implementation of smart passenger information systems to provide instant information to commuters will drive the railways ITS market growth.

The information display system in the airways intelligent transport system market is expected to hold a significant industry share of over 20% in 2025. As airport environments are becoming more complex, flight-related & operational information needs to be obtained quickly. Thus, smart display systems are widely used in airports as they store, process, and transfer flight-related information to passengers and airport authorities. With companies rapidly developing these information systems to provide real-time information to keep the passengers updated, the demand for airways ITS will increase in the near future.

In the maritime intelligent transport system (ITS) market, tracking and monitoring systems held a major industry share of over 35% in 2018 and are expected to maintain a dominant position in 2025. Tracking and monitoring systems provide marine operators with valuable information for taking marine operational decisions in real-time. They deploy these systems to obtain real-time information on full wave water spectrum, including wind profiling, temperature, pressure, and humidity. As marine companies are widely using them to monitor the ship’s position, location, and other details, the demand for ITS in marine will increase over the forecast period.

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The Asia Pacific intelligent transport system market is expected to witness the highest growth rate of over 6% from 2019 to 2025. The emergence of smart mobility technologies and financial support provided by the government to establish smart transportation infrastructure is expected to bolster the adoption of intelligent transport solutions.

Some of the companies operating in (ITS) intelligent transport system market are partnering with regional authorities for the implementation of smart transport solutions. For instance, in December 2017, Smart Parking partnered with Queenstown International Airport to enhance the user parking experience. The airport has deployed SmartGuide solutions with more than 450 vehicle sensors installed to sense the presence of cars.

Companies operating in the ITS market are investing in their R&D labs for the development of new ITS. For instance, in March 2018, Huawei opened a new innovation lab at Gurugram to develop smart city solutions including smart lighting, smart metering, and smart parking solutions. Also, these companies are focusing on large-scale ITS deployments in collaboration with governments and municipal authorities to improve roadside safety and traffic management systems.

Browse key industry insights spread across 600 pages with 980 market data tables & 33 figures & charts from the report, “Intelligent Transport System (ITS) Market Size By Mode of Transport (Roadways [System {Advanced Traffic Management System (ATMS), Advanced Traveler Information System (ATIS), Advanced Transportation Pricing System (ATPS), Advanced Public Transport System (APTS), Advanced Rural Transportation System (ARTS), Commercial Vehicle Operation}, Component {Hardware (Telecommunication Networks, Interface Boards, Sensors, Monitoring and Detection System, Surveillance Camera), Software (Visualization Software, Video Detection Management Software, Transit Management System), Service (Professional Services, Installation, Maintenance and Operation)}, Application {Traffic Management, Road Safety, Freight Management, Parking Management, Road-user Charging (Toll), Telematics, Public Transport, Environment Protection}], Railways [Component {Solution (Rail Traffic Management, Asset Management Software, Rail Communication and Networking, Real-time Passenger Information System (Freight Management), Rail Analytics), Service (Professional Services, Installation, Maintenance and Operation)}, Application {Smart Ticketing, Passenger Information Management, Operation and Collision Avoidance, Security, Emergency Notification}], Airways [System {Information Display System, Tracking and Monitoring System, Self-service Baggage System, Kiosks, Communication and Networking, Smart Gate System}, Application {Security, Smart Ticketing, Bus Tracking, Fleet Management (Aircraft Management), Emergency Notification, Passenger Information}], Marine [System {Maritime Navigation and Information system, Tracking and Monitoring System, Vessel Traffic Management System}, Application {Freight Movement (Container), Security and Emergency Notification, Weather Information, Marine Arrival and Transit}]), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, Japan, Australia, Singapore, South Korea, India, Brazil, Mexico, Argentina, Colombia, UAE, Saudi Arabia, Israel, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/intelligent-transportation-system-ITS-market

Table of Contents (ToC) of the report:
Chapter 4. Competitive Landscape, 2018
4.1. Introduction
4.2. Competitive analysis of key market players
4.2.1. Denso Corporation
4.2.2. Kapsch Trafficcom
4.2.3. Moxa Inc.
4.2.4. Siemens AG
4.2.5. Thales Group
4.2.6. TomTom N.V.
4.2.7. TransCore
4.3. Competitive analysis of other prominent vendors
4.3.1. EFKON AG
4.3.2. Hitachi, Ltd.
4.3.3. Nuance Communications
4.3.4. PTV Group
4.3.5. Q-Free ASA
4.3.6. WS Atkins PLC
4.3.7. Xerox Corporation
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/intelligent-transportation-system-ITS-market

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Source URL: https://marketersmedia.com/intelligent-transport-system-market-2019-size-by-mode-of-transport-roadways-railways-airways-maritime-sub-segments-region-competitive-market-share-forecast-2024/505199

Source: MarketersMedia

Release ID: 505199

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