Brooklyn, NY, Aug. 03, 2016 (GLOBE NEWSWIRE) -- The key regions fuelling the growth of the overall market has also been presented through this study. Furthermore, the sustainability strategies implemented by the top players and their influence on the growth of and competition in the intelligent transportation system market have also been presented.
The first part of the report is an industry overview section comprising the definition, specifications, and classification of intelligent transportation systems. Intelligent transportation systems are advanced versions of transportation systems made for enhancing the efficiency, security, and safety of transportation networks. These systems also help enhance the supply chain process performance and bring about huge benefits in cost ratio. Due to these benefits, providers of transportation services have been keen to invest in intelligent transportation systems in the past few years.
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The next section of the study presents the segmentation of the overall market. Intelligent transportation systems can be classified into surveillance cameras, sensors, and interface boards. By application, the report segments the market into environment protection, traffic management, freight management, road safety and security, public transport, automotive telematics, parking management, and road user charging. Moving further, the employment patterns, supply, export, and import of intelligent transportation systems in areas such as the EU, Japan, China, and the U.S. have been presented.
Moving further, the factors fuelling and restraining the growth of the market for intelligent transportation systems have been detailed. The growing requirement to enhance the performance of the existing transportation networks and the increasing focus on road safety globally are amongst the prime factors providing impetus to the growth of the market.
In addition, the increasing concerns about the traffic generated by the rising number of vehicles are also positively impacting the development of this market. Furthermore, the soaring demand for smart vehicles has emerged as a key growth opportunity in this market. On the other hand, the skyrocketing cost of installation of intelligent transportation systems and the sluggish development of infrastructure across the world may impede the growth of the market, as stated in this study.
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In the last sections of the report, the key manufacturers operating in the market for intelligent transportation systems have been evaluated on key attributes such as product specifications and pictures, company profiles, prices, revenue, gross, cost, and contact information. Thales Group, KapschTrafficcom, Siemens AG, Hitachi Ltd., DENSO CORPORATION, TomTom International BV., EFKON AG, Transcore Inc., Q-Free, and Savari Inc., among others, are the prominent players in the global intelligent transportation system market.
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