Intelligent Transportation Systems refer to the collection of various modules of sophisticated parallel communication/sensing/control platforms and/or information technologies that together constitute an integrated futuristic transportation system that flaunts performances such as a highly controlled traffic flow and enhanced travel experience, while minimizing traffic incidents, congestions and emergency response times and improving vehicle tracking and transit scheduling.
San Jose, California (PRWEB) July 18, 2007 -- World Intelligent Transportation Systems market is forecast to maintain a high CAGR of 14.32% over 2000-2010 and reach US$20.7 billion in 2010. United States constitutes the largest market for Intelligent Transportation Systems, with an estimated share of 43.97% in 2006, while Europe represents the fastest growing market with a CAGR of 18.24% over the aforementioned period.
In terms of segment, Advanced Traffic Management Systems (ATMS) market, accounting for an estimated 48.81% share in 2006, represent the largest segment, while Electronic Toll Collection Systems (ETC) market is the fastest growing segment, with a CAGR of 25.35% over 2000-2010. Other segments independently analyzed include Public Vehicle Transportation Management Systems (PVTMS), Commercial Vehicle Operations (CVO) Systems and Other Intelligent Transportation Systems (including Vehicle Safety Systems).
Unlike any other manufacturing industry that has witnessed phenomenal value migration from manufacturing to the systems integrators, the ITS industry is still fragmented, and each module maker plays a key role in the market. Technology enablers and system integrators equally share the responsibility for advancing the industry's future and are hence, accorded equal importance. Apparently, in the ITS industry, strategies when combined across board, comprise the industry size.
Rising impetus for enhancing road safety and escalating socio-environmental and economic implications of traffic congestions worldwide are the key rationale for investments in Intelligent Transportation Systems. Banking on the ever-growing fundamental vitality of the said implications, these are likely to remain strong growth propellants for the sector in the forthcoming years.
With a broad market vertical encompassing numerous technology and application developing companies innovating a diverse range of complementary products and integration platforms, the industry is likely to witness a wealth of strategic technological and product development alliances attempting to buck up the mushrooming popularity of intelligent transportation worldwide. Given the overwhelmingly shrunk development cycles, enormous costs of research and design, and evolving multiplicity of complementary technologies, alliances are emerging as the only way to cash in on the fast rising opportunity, without entailing big-ticket investments, both in terms of time and money.
TransCore Inc. of the United States is one of the global leaders in Intelligent Transportation Systems (ITS) market. Other leading players in various segments of ITS market include XATA (a worldwide leader in providing fleet management solutions), Mark IV [a developer of dedicated short-range communication (DSRC) equipment that finds application in ITS areas such as electronic toll collection and commercial vehicle operations (e.g. automated weigh station bypass), Siemens Transportation (a global leader in transportation systems) and Magellan of USA (a premier manufacturer and provider of global satellite positioning, navigation, and guidance equipment).
Developers of key enabling technologies covered include ADDCO, Inc., ARINC Inc., Image Sensing Systems Inc., INIT Innovation In Transportation Systems, AG, Magellan, Mark IV Industries Inc., NAVTEQ, Siemens Transportation Systems Inc., SIRIT Technologies Inc., and TransCore Inc. System integrators covered include Ascom Transport, Citilog SA, ItraMAS Corp., Q-Free ASA, Raytheon Company, SpeedInfo, Inc, Tacel Ltd., Traficon NV, Transdyn Controls, Inc. and XATA Corporation.
For more details about this research report, please visit www.strategyR.com/MCP-1109.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site www.StrategyR.com
# # #
Trackback URL: http://www.prweb.com/pingpr.php/SGFsZi1Mb3ZlLVN1bW0tUGlnZy1UaGlyLVplcm8=
|
