An intelligent transportation system shortly known as ITS is an advanced application which aims to provide innovative services relating to different modes of transport and traffic management and enable users to be better informed and make safer, more coordinated, and ‘smarter’ use of transport networks.
Drivers & Restraints
The growing number of vehicles on road, aging infrastructure, and lack of traffic data management are other factors anticipated to drive the overall growth. The need to enhance traffic flow across highways and corridors in cities has led to the rising need for an alternative technology to manage traffic. Transportation authorities can address the growing traffic issue by using innovative and advanced data analytics technologies, which has been boosting the demand rapidly.
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Cooperative Vehicle Systems
Road Safety and Security
Road User Charging
The market has been segment into North America, South America, Europe, Asia-Pacific, and Middle East and Africa. Continuous technological developments and expansion of the transportation network in the Asia Pacific are expected to drive the growth of the intelligent transportation system market in the region.
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Garmin International, Inc.
Nuance Communications, Inc.
Lanner Electronics, Inc.
Kapsch TrafficCom AG