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%.
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 and many more. The market has also been covered from the perspective of different systems used in intelligent transport system such as Advanced Traffic Management System, Advanced Traveler Information System and more.
This report has also been analyzed on the basis of application which includes Fleet Management, Traffic Monitoring Systems, Traffic Signal Control Systems, Automotive Telematics, Traveler Information and several others. Detailed analysis of regions such as Americas, Europe, Asia-Pacific (APAC) and Rest of the World (RoW) has also been provided to give a comprehensive analysis of the market.
The Intelligent Transport Systems market is projected to grow 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. Currently, Advanced Traffic Management Systems (ATMS) leads the overall market. ATMS has been the most blooming system of ITS due to its diverse functions such as real-time traffic monitoring, traffic signal controlling, incident monitoring, automated warning, dynamic message sign monitoring, traffic camera monitoring.
Competitive landscape for the market along with the profiles of major players has also been provided in the report.