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Intelligent Transport System (ITS) Market Research 2017 to 2022

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Intelligent Transport System

Global Intelligent Transport System (ITS) Market Research Report 2017 to 2021 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the Intelligent Transport System (ITS) Market.

Companies Mentioned are 3M, Kapsch Group, Neology, Q-Free, Siemens, TransCore, ADDCO LLC, Agero, DENSO CORPORATION, EFKON, International Road Dynamics, KLD Engineering, Lanner, Peek Traffic Corporation, and Traffic Tech (Gulf)

The global Intelligent Transport System (ITS) market consists of different international, regional, and local vendors. The market competition is foreseen to grow higher with the rise in technological innovation and M&A activities in the future. Moreover, many local and regional vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.

Major points covered in Global Intelligent Transport System (ITS) Market 2017 Research are:-

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global Intelligent Transport System (ITS) market?
  • What are the key market trends impacting the growth of the global Intelligent Transport System (ITS) market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global Intelligent Transport System (ITS) market?
  • What are the market opportunities and threats faced by the vendors in the global Intelligent Transport System (ITS) market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global Intelligent Transport System (ITS) market?

This independent 86 page report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Intelligent Transport System (ITS) market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.

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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Intelligent Transport System (ITS) in these regions, from 2012 to 2021 (forecast), covering Americas, APAC and EMEA.

The report provides a basic overview of the Intelligent Transport System (ITS) industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.

Commenting on the report, an analyst from MIR’s team said: “One trend in the market is impact of standardization in ITS. Standardization of ITS to provide uniform platform is the current issue in the global ITS market. Standardization implies creating a common platform to handle variance in devices.”

According to the report, one driver in the market is increasing road traffic congestion in Asian countries. The urban traffic road congestion is increasing across the world because of the increasing disposable income and ineffective public transportation. These factors are stronger in the Asian countries compared with the rest of the world. The middle-class population in the Asian countries is around 60% of the global middle-class population, and their disposable income will grow at a CAGR of around 15.29% between 2016 and 2020. The increase in disposable income is expected to increase the vehicle sales in the Asian countries by around 9% in 2018.

Further, the report states that one challenge in the market is higher setup cost and operating cost. The ITS equipment requires high capital investment for setting up. This is because the feedstock cost for ITS product manufacturing is high. A software platform is required to build an ITS equipment. Procurement of software, electronics chips and camera, and sensors and transponders is the major cost consumption factor of ITS manufacturing. The marketing and promotion cost for ITS products is minimal as these products have an inbuilt demand from public players and large corporates.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Intelligent Transport System (ITS) industry development trends and marketing channels are analyzed.

The research includes historic data from 2012 to 2016 and forecasts until 2021 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Intelligent Transport System (ITS) on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of Intelligent Transport System (ITS) Market and assist manufacturers and investment organization to better grasp the development course of Intelligent Transport System (ITS) Market.

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