Intelligent Transportation System Market - Global Forecast to 2022
“Growing concerns toward security and surveillance to drive the intelligent transportation system (ITS) market for the railway transportation mode”
The ITS market size, in terms of value, is expected to grow from USD 36.10 billion in 2015 to USD 63.66 billion by 2022, at a CAGR of 8.3% between 2016 and 2022. The railway system, which is a backbone of the transportation systems in many regions, is becoming increasingly complex. The transformation of railway transportation to the railway intelligent transportation system (RITS) is being adopted as a strategy to gain a competitive edge over other modes of transportation. The increasing need for safety in this mode of transportation can be fulfilled by deploying various intelligent techniques.
“Customer management is the major application of ITS for railway”
Intelligent transportation system is increasingly being deployed in railway transportation systems for customer management. In this segment, ITS has applications in various areas such as traveler information, on-train security & surveillance, station security & surveillance, real-time display, on-train multimedia system, and others.
Table Of Content-
1 Introduction 19
2 Research Methodology 24
3 Executive Summary 32
4 Premium Insights 39
6 Industry Trends 62
7 ITS MARKET, BY PROTOCOL 72