DUBLIN, Jan. 28, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/cg668x/radio_modem) has announced the addition of the "Radio Modem Market for ITS Application by Frequency Band (License Free, UHF, Wi-Fi, VHF), Communication Channel (Point to Multi-Point, Point to Point), Operating Range (Short, Long), Application and Geography - Global Forecast to 2020" report to their offering.
This industry forecasts the global radio modem market for ITS application to be valued at USD 105.1 Million in 2015, which is expected to grow at a CAGR of 8.9% from 2015 to 2020, to reach USD 160.8 Million.
Wireless communication has revolutionized the traditional means of communication. Radio modems play a crucial role in this revolution owing to their ability to encode, transmit, and decode the data over long distances. Radio modems use radio waves for data transmission that give user an added advantage over wired data transfer.
Radio modems are widely used in transportation and logistics for their numerous benefits, such as remote data acquisition, supervisory control and data acquisition (SCADA), telemetry, and automatic vehicle location (AVL), among others.
The scope of this report covers the radio modem market for ITS application by frequency band, communication channel, operating range, application, and region. The Wi-Fi frequency band is estimated to grow at the highest CAGR during the forecast period. Wi-Fi modems are used in DSRC (Dedicated Short Range Communications) for executing two-way short to medium-range wireless communications through very high data transmission for safety driving applications. The point to multi-point radio modem segment is expected to grow at a high CAGR during the forecast period.
The short range radio modem segment is estimated to record a higher revenue as compared to the long range radio modem segment throughout the forecast period. Short range radio modems transmit data at a higher rate. Short-range radios or short-range devices (SRD) are highly integrated transceivers, typically on a single chip, that are used in a wide range of wireless data applications.
The vehicle to vehicle communication segment of the global radio modem market is estimated to grow at the highest CAGR from 2015 to 2020. It is an automobile technology that comprises a wireless network that allows automobiles to communicate their speed, brake status, position, steering-wheel position, direction of travel, and other important data with another vehicle within 1000 meters. V2V automobile technology for communication uses dedicated short-range communications (DSRC).
North America is expected to have the largest market share and dominate the overall radio mode market for ITS application. North America, which comprises the U.S., Mexico, and Canada, dominates the radio modems market for ITS applications, globally. The U.S. is the major driving factor for the growth of this regional market. Use of four wheeler and heavy vehicles is very high in North America. Thus, the requirement of an effective transportation system is very high in North American countries. North America was ranked first in 2014 for the deployment of various ITS systems such as advanced transportation management system, advanced traveler information system, ITS-enabled pricing system, and commercial vehicle operation, among others.
The initial cost involved in purchasing the radio modems and related hardware is significantly higher. Although research is being done to develop cheaper modems, currently, such expenses are hindering the growth of the overall radio modem market.
Some of the key players in the radio modem market for ITS application covered in this report are Adeunis RF (France), Arada Systems, Inc. (U.S.), ATIM Radiocommunications (France), Autotalks Ltd. (Israel), B&B Electronics Manufacturing Co. (U.S.), Campbell Scientific Inc. (U.S.), Cohda Wireless (Australia), Kapsch TrafficCom AG (Austria), Motorola Solutions, Inc. (U.S.) Q Free ASA (Norway), Satel Oy (Finland), Schneider Electric SE (France), Wood & Douglas Limited (U.K.), among others.
These players adopted various strategies such as new product developments, mergers, partnerships, collaborations, and business expansion to cater to the needs of market.
For more information visit http://www.researchandmarkets.com/research/cg668x/radio_modem
Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets