Intelligent Transportation System Market Trends 2013 - 2019

Transparency Market Research

Intelligent Transportation System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

Published Date 02-Oct-2013

130 Page Report

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Global Intelligent Transportation System Market is Expected to Reach USD 30.2 Billion by 2019: Transparency Market Research

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Intelligent Transportation System Market

REPORT DESCRIPTION

Intelligent Transportation System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 According to a new market report published by Transparency Market Research "Intelligent Transportation System (ITS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,The global market is expected to reach a value of USD 30.2 billion by 2019, at a CAGR of 11.1% from 2013 to 2019. The demand of ITS systems is rising globally due to increased congestion in metropolitan areas. Development and deployment of intelligent transportation system not only reduces traffic, but also reduces number of accidents and improves quality of life by controlling vehicle emission levels. In addition, these systems reduce financial burden on countries by reducing fuel consumptions and traveling delays. These benefits of ITS systems are motivating both developed and developing countries to invest in these technologies instead of spending huge amount on transportation network expansion. Browse the full report with complete TOC at Intelligent Transportation System Market http://www.transparencymarketresearch.com/intelligent-transportation-system-market.html Advanced transportation management systems (ATMS) used for traffic control and management accounted for the largest revenue share of 42.1% of the overall market....