According to a new report published by Reports Monitor titled, “IoT in Intelligent Transportation System Market By Components, Applications and Vertical: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the IoT in Intelligent Transportation System Market is projected to grow rapidly from 2017 to 2025. North America dominates the IoT in Intelligent Transportation System Market and is expected to maintain this trend throughout the forecast period.
Intelligent Transportation System (ITS) is using the Internet of Things (IoT) platform which has three components; the sensor system, monitoring system and the display system. The sensor system has Global Positioning System (GPS), Near Field Communication (NFC), Temperature and Humidity sensors, are always connected to the internet via a GSM network. It functions as tracking the location, commuter, and ambience inside the bus. The monitoring system is used to extract the raw data from the sensors database, convert it into a meaningful context.
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Transportation market is the world’s second-largest consumer market and is entering a period of significant change, with new technologies, products, and services. Growth in Information, Communication, & Technology, Heavy investment in IoT infrastructure and integration of technology in transportation systems are acting as growth factors for IoT in intelligent transportation Market. Need of smart transport management solutions to ensure the safety of roads is also fuelling the advancements in transportations systems. Demand for automation and analytics are the factors that reduce the cost of powerful sensors and controllers required in IoT systems.
Global IoT in intelligent transportation Market is segmented majorly on the basis of components (Hardware, Software & Services), Applications (Telematics, In-Vehicle, Vehicle-To-Vehicle, Vehicle-To-Infrastructure and Others) & Vertical (Airway, Maritime, Railway, and Roadway).
North America is expected to be the largest market for IoT in Intelligent Transportation Systems. North America is technologically advanced and developed region and has many global companies that are engaged in IoT platforms. The existence of Major players makes North America a dominating region for this market.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in Global IoT in Intelligent Transportation System Market and what are their strategies?
• What segment and region will lead the market and why?
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The major companies profiled in the report include Cisco Systems, Garmin Ltd, Hitachi Transport System, Intel Corporation, Microsoft Corporation, NEC Corporation, Siemens AG, Thales Group, Verizon Telematics, and IBM Corporation.
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
Some Points from TOC:
1.1. Market Definition
1.2. Market Scope
2. Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2016
4. Components Overview
4.2. Market Size & Forecast, 2015 to 2025
22.214.171.124. Networking Hardware
126.96.36.199. Positioning Hardware
188.8.131.52. Advanced Driver Assistance,
184.108.40.206. Logistics and Fleet Solutions
220.127.116.11. Passenger Information
18.104.22.168. Traffic Management,
22.214.171.124. Installation and Integration Service
126.96.36.199. Maintenance and Management Service
188.8.131.52. Support Service
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)
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