DUBLIN, June 28, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Intelligent Transport System Market 2016-2020" report to their offering.

The report forecasts the global intelligent transport systems market to grow at a CAGR of 8.23% during the period 2016-2020.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One of the major trends is smart vehicles on smart roads. The governments of major countries are making a lot of effort to reduce collisions and accidents in different transport verticals. The introduction of smart vehicles is one such measure to avoid accidents on roads as these vehicles use advanced IT solutions that help them to control their speed and better manage traffic congestions along the route.

According to the report, one of the major factors that is impacting the market positively is the growing need for public safety. Collision avoidance and dynamic warning systems are introduced to reduce the frequency of accidents by making users more aware of their surroundings.

Further, the report states that one of the major barriers is the increasing sophistication of safety and security threats.

Key vendors:

• 3M
• Denso
• EFKON
• Kapsch TrafficCom
• Traffic Tech Middle East
• TransCore

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction 

PART 05: Market landscape

PART 06: Market opportunity assessment

PART 07: Market Segmentation by Product

PART 08: Geographical segmentation

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

PART 15: List of abbreviations

For more information visit http://www.researchandmarkets.com/research/5djb32/global

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SOURCE Research and Markets