Intelligent Transportation System (ITS) Market: Asia-Pacific is Expected to Witness Fastest Growth Rate During 2015 - 2020: P&S Market Research

NEW YORK, March 2, 2016 /PRNewswire/ --

The growing traffic congestion, increasing environmental pollution, and growing need to improve road safety are the key growth drivers in the global intelligent transportation system market. Ozone, nitrogen, particulate matter, and sulphur are some of the major substances causing environmental pollution. The advanced in-vehicle intelligent transportation system technologies, such as on-board diagnostics, intelligent speed adaptation, and advanced cruise control offers substantial environmental benefits in terms of fuel efficiency, which is further reducing the local air pollutants and carbon emissions.

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The steps for making public transportation more effective and convenient with the deployment of dedicated bus lanes and prioritizing bus passages at traffic signals, encourages most of the consumers to shift from their private car to public transport. The solutions provided by ITS, such as management information systems, improved bus patronage, and passenger information systems provides environmental benefits. ITS also supports the increasing adoption of low polluting vehicles and reduces emissions through low emission zones and congestion charging.

 North America dominates the global ITS market, due to various research and development activities carried out within intelligent transportation by the Intelligent Transportation Society of America. The organization is also active in the deployment of intelligent transportation system, in order to improve the surface transportation system across the U.S. The intelligent transportation system market in Asia-Pacific is expected to grow with the highest rate in the coming years, due to supportive government initiative towards the implementation of ITS across several developing countries.

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INTELLIGENT TRANSPORTATION SYSTEM MARKET SEGMENTATION 

By System 

• Advanced Traffic Management System
• Cooperative Vehicle System
• Advanced Public Transportation System
• Advanced Traveller Information System
• Advanced Transportation Pricing Systems

By Application 

• Environment Protection
• Public Transportation
• Traffic Management
• Road User Charging
• Others

GEOGRAPHICAL SEGMENTATION 

By Geography 

• North America
  • The U.S.
  • Rest of North America
• Europe
  • Spain
  • Germany
  • Italy
  • Netherland
  • The U.K.
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • Australia
  • Rest of Asia-Pacific

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Telematics Market- https://www.psmarketresearch.com/market-analysis/global-telematics-market

Automotive Airbag Market- https://www.psmarketresearch.com/market-analysis/automotive-airbag-market

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