New Transportation market report from TechNavio: "Global Intelligent Transport Systems Market 2014-2018"

Boston, MA -- (ReleaseWire) -- 07/29/2014 --Intelligent transport systems are sophisticated applications that provide solutions for various modes of transport and traffic management. They allow commuters to be informed, safe, and save traveling time, as well as reduce the cost and increase the quality of the traffic management process. These systems are used for multiple applications, especially by governments, municipal authorities, and the Construction sector. They are used to handle congestion, prevent accidents, detect the location of vehicles, manage electronic payments for road usage, and control vehicle emission levels.

TechNavio's analysts forecast the Global Intelligent Transport Systems market will grow at a CAGR of 7.43 percent over the period 2013-2018.

Covered in this Report

The Global Intelligent Transport Systems market can be divided into seven segments: Network Management, Public Transport ITS, Freight and Commercial ITS, Security and Crime Reduction ITS, Automotive and Infotainment Telematics, Road Safety Systems, and ITS Communications. The Network Management segment can be further divided into ATMS and Road User Charging, Congestion Charging, and ETC . These systems employ high-end technology like AVL to locate fleets, GNSS for satellite navigation, ANPR, which recognizes number plates, and DSRC, which is used, for example, in toll collection systems.

View Full Report Details and Table of Contents

TechNavio's report, the Global Intelligent Transport Systems Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Europe, the APAC region, and the ROW; it also covers the Global Intelligent Transport Systems market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions

- North America
- APAC
- Europe
- ROW

Key Vendors

- Denso Corp.
- Efkon AG
- Kapsch TrafficCom AG
- TrafficTech Middle East
- TransCore Inc.

Other Prominent Vendors

- Addco LLC
- Agero Inc.
- Garmin International Inc.
- Lanner Electronics Inc.
- Savari plc.
- Sensys Networks Inc.
- Telenav Inc.
- TomTom NV

Key Market Driver

- Need to Reduce Congestion in Metropolitan Areas
- For a full, detailed list, view our report.

Key Market Challenge

- Restrictions on Public Sector Budgets Allocated to Infrastructure
- For a full, detailed list, view our report.

Key Market Trend

- Growing Adoption of Emerging Hybrid Technology
- For a full, detailed list, view our report.

Key Questions Answered in this Report

- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Companies Mentioned in this Report: Denso Corp., Efkon AG, Kapsch TrafficCom AG, TrafficTech Middle East, TransCore Inc., Addco LLC, Agero Inc., Garmin International Inc., Lanner Electronics Inc.Savari plc., Sensys Networks Inc., Telenav Inc., TomTom NV

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