According to a new market research report ‘Intelligent Transport Systems (ITS) Market - Trends, Adoption & Worldwide Forecasts (2012 – 2017)’ published by 6418 MarketsAndMarkets, the total market is expected to reach US$24.75 billion by 2017, at a CAGR of 12 per cent from 2012 to 2017. . North America is the market leader in the overall ITS market; followed by Europe and APAC. In the rest of the world (ROW), the Middle East, and Africa are the largest contributors.
This report covers the major applications of the ITS on the basis of the different functions performed by the various ITS systems. The major applications of ITS covered are fleet management and asset monitoring, traffic monitoring, collision avoidance system, traffic signal control system, variable traffic message signs, parking availability system and traffic enforcement cameras. The report describes the overall market into four major geographical segments - North America, Europe, APAC, and ROW. All the four major regions are further segmented into the major countries.
This report covers the major applications of the ITS on the basis of the different functions performed by the various ITS systems. The major applications of ITS covered are fleet management and asset monitoring, traffic monitoring, collision avoidance system, traffic signal control system, variable traffic message signs, parking availability system and traffic enforcement cameras. The report describes the overall market into four major geographical segments - North America, Europe, APAC, and ROW. All the four major regions are further segmented into the major countries.
