DUBLIN, Apr. 12, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Intelligent Transportation Systems Market, Analysis and Forecast: 2017 - 2022; (Focus on Advanced Traffic Management, Electronic Tolling, Smart Parking, Revenue Collection, Railway Crossing Management, Freight Management, & Tunnel Management)" report to their offering.

The global ITS market is estimated to reach $72.32 billion by 2022.

The market is driven by factors such as increasing traffic congestion, increasing need for environmental protection, and growing demand for road safety and security. Need for interoperability and standardization along with lack of infrastructure in developing countries are some of the major factors which are hampering the overall market growth. However, increased public-private partnerships, emergence of driverless vehicles, and opportunities in developing countries are some of the major factors which will positively influence the industry in the forecast period.

The rise of Intelligent Transportation Systems (ITS) in the market has been significant due to the growing demand for vehicles and increasing urbanization leading to space congestion within the city limits. This has led to an impending requirement of larger degree sophisticated infrastructure and advanced systems to manage issues of traffic and space scarcity.

Some of the key players in this  industry are Thales S.A (France), Siemens AG (Germany), Cubic Corporation (U.S) Garmin Ltd. (Switzerland), Kapsch TrafficCom (Austria), Q-Free ASA (Norway), Denso Corporation (Japan), EfKon AG (Austria), and TomTom NV (The Netherlands).

Key Topics Covered:

1 Scope and Research Methodology
1.1 Report Scope
1.2 ITS Market Research Methodology

2 Market Dynamics
2.1 Market Drivers
2.1.1 Increase in Traffic Congestion
2.1.2 Increasing Need for Environmental Protection
2.1.3 Rising Demand for Road Safety
2.1.4 Impact of Market Drivers
2.2 Market Challenges
2.2.1 Lack of Interoperability and Standardization
2.2.2 Lack of Infrastructure in Developing Countries
2.2.3 Impact of Market Challenges
2.3 Opportunities
2.3.1 Public Private Partnerships
2.3.2 Emergence of Autonomous Vehicles
2.3.3 Opportunities in Developing Countries

3 Competitive Insights
3.1 Key Strategies and Developments
3.1.1 Mergers and Acquisitions
3.1.2 Partnerships, Collaborations & Joint Ventures
3.1.3 Business Expansion
3.1.4 Product Launches & Development
3.1.5 Others (Events & Recognitions)
3.2 R&D Analysis of Key Players
3.3 Supply Chain Analysis
3.4 ITS Associations

4 Global ITS Market Analysis and Forecast
4.1 Assumptions for Analysis and Forecast of the ITS Market
4.2 Market Overview
4.3 Traffic Management
4.4 Public Transportation
4.5 Road Safety & Security
4.6 Tolling
4.7 Parking Management
4.8 Freight Management
4.9 Tunnel Management & Safety
4.10 Environment Monitoring
4.11 Road User Charging

5 Global ITS Market Size for Roadways, by Type
5.1 ATMS
5.2 ATPS
5.3 ATIS
5.4 APTS
5.5 CVO
5.6 ARTS

6 Global ITS Market for Roadways, by Component
6.1 Interface Boards
6.2 Sensors
6.3 Surveillance & Detection System
6.4 Telecommunication Network

7 Global ITS Market Size for Railways, by Application
7.1 Freight Services
7.2 Cost Management
7.3 Passenger Services
7.4 Infotainment
7.5 Rail Crossing Management

8 Global ITS Market Size for Airways, by Application
8.1 Air Traffic Management & Control
8.2 Security & Surveillance
8.3 Shuttle Bus Tracking
8.4 Traveler Information
8.5 Smart Ticketing
8.6 Emergency Notification

9 Global ITS Market Size for Marine, by Application
9.1 Vessel Traffic Management
9.2 Freight Arrival & Transit
9.3 Real-time Weather Information
9.4 Emergency Notification

10 Global ITS Market, by Geography

11 Company Profiles

- Cubic Corporation
- Siemens AG
- Thales SA
- TomTom NV
- TransCore, LP
- Xerox Corporation
- Denso Corporation
- Garmin Ltd
- Hitachi Ltd
- Iteris Inc
- Kapsch TrafficCom AG
- Nuance Communications, Inc
- Q-Free ASA
- Savari Inc

For more information about this report visit http://www.researchandmarkets.com/research/p533wq/global

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SOURCE Research and Markets