Skip to main content

IoT in Intelligent Transportation System Market: Industry Analysis, Opportunity Assessment and Forecast upto 2025

Some of the prominent participants in the global market for Internet of Things (IoT) in intelligent transportation system are Intel Corporation, Cisco Systems, Cubic Transportation Systems, Siemens AG, Thales Group, TomTom NV, TransCore Holdings, Inc., Verizon Telematics, Microsoft Corporation, Garmin Ltd., NEC Corporation, Watson Internet of Things (IBM), Huawei Technologies Co., Ltd., Hitachi Transport System Ltd., and Iteris Inc.

Most of them are investing heavily in developing such solutions. As a result, the market for IoT in intelligent transportation system is slated to make gigantic progress in the years to come. A report by Transparency Market Research predicts the market to rise at a 19.8% CAGR during the period between 2017 and 2025. At this pace, the market will likely attain a value of US$249.84 bn by 2025-end from US$41.57 bn in 2015.

Based on component, the global market for IoT in intelligent transportation system can be broadly divided into software, hardware, and services. Among them, the segment of hardware accounted for maximum share in revenue in 2016. Hardware such as RFID, sensors, etc. is installed in vehicles plying on the road. They help to monitor the speed of the vehicle, jumping of signals, and other things which serve to up the safety of drivers.

Geographically, the key segments of the global market for IoT in intelligent transportation system are North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Among them, North America at present dominates the market with maximum share in revenue. In the years ahead too, the region is expected to hold on to its leading position to become worth US$85.87 bn by 2025. North America’s dominance is the result of the presence of numerous key players in the region.

Brochure For Recent Industry Insights https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=27206

“IoT is transforming the transportation sector with the generation of intelligent transportation system (ITS) that helps to optimize logistics and fleet management, goods and services, traffic management driver assistance, etc. ITS helps in automating railways, roadways, airways and marine vessels. It also helps in tracking and delivery of goods,” explains the lead analyst of the TMR report. On account of so many unique perceived benefits, the global market for IoT in intelligent transportation system is expected to rise at a solid pace.

IoT in intelligent transportation system is being leveraged for smart parking solutions, traffic management solutions, passenger entertainment, fleet management and telematics solutions, and security solutions. In addition, they aid in advanced transportation management system that includes traffic control, electronic toll collection, and management of networking solutions. IoT in advanced transportation management system uses communications, sensing, and data-processing technologies to reduce traffic problems and sudden incidents.

PDF Sample https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=27206

Demand for fleet management solutions to improve freight services is also bolstering the IoT in intelligent transportation system market, globally. These solutions help in managing commercial vehicles by tracking them, reducing fuel consumption, and keeping a tab on drivers.

This review is based on the findings of a TMR report, titled, “IoT in Intelligent Transportation System Market (Component - Hardware (Sensors, Cameras, Screen/Display, Networking Hardware, and Positioning Hardware; Software (Ticketing, Advanced Driver Assistance, Traffic Management, Operations, Passengers, and Logistics and Fleet Solutions; Services (Support Service, Maintenance and Management Service, and Installation and Integration Service; End-Use Vertical - Roadway, Railway, Airway, and Maritime) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”

Labels:

Comments

Post a Comment

Popular posts from this blog

Aerospace Window Frame Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Aerospace window frames are used in the cockpit windshields and passenger cabin windows to provide rigidity to the windows. Metal window frame is used widely in aircrafts. Increase demand of cockpit windshield frame in different countries such as India, Brazil and China among others is the one of the major factor boosting the market for aerospace window frame during the forecast period of 2017 – 2025. Based on aircraft type, the global aerospace window frame market is segmented into wide body aircraft, narrow body aircraft, very large aircraft, general aviation and regional aircraft. Among various aircraft types, in 2016, the wide body aircraft segment is estimated to be the major market followed by very large aircraft and expected to be the same during the forecast period of 2017 – 2025. Increasing regional and commercial aircraft deliveries is expected to be one of the major factor fueling the regional aircraft segment in global aerospace window frame market during the fo...
Post a Comment
Read more

Umbilical Market: Worldwide Industry Analysis and New Market Opportunities Explored

Umbilical cable refers to a technology which transfers signals, consumable, or energy from one end of the cable to another. Umbilical cables consist of multiple components assembled together in a composite structure. These components include hoses, tubes, electric cables, and optic cables. In addition, various types of umbilical cables are designed according to the requirement within the application such as electrical umbilical cables with signal and power elements to connect the ends over long distance. Furthermore, some umbilical cables are used to control the operation of subsea production, processing, and injection facilities. Similarly, some umbilical cables provide electric power to control signals to and from system. The Remote Operated Vehicle (ROV) umbilical communication cables are widely used during the installation of subsea control systems, and operational systems. The umbilical cables are also used to monitor position and functions of subsea installations remotely from o...
Post a Comment
Read more

Mulch Films Market By Manufacturers, Regions, Type and Application, Forecast To 2027 | AMCO Proteins, BASF SE, Berry Global Inc., Dow

  To understand the market in depth,  Mulch Films Market  research report is the perfect solution. With the specific base year and the historic year, estimations and calculations are performed in the report. This global market research report studies the market at regional and global level by considering major geographical areas. This Mulch Films report is generated with the combination of best industry insight, practical solutions, talent solutions and latest technology. The analysis and forecasting of market data using best statistical and coherent models, market share analysis and key trend analysis are the major accomplishing factors in this market report. Mulch Films report provides complete background analysis of the Mulch Films industry which includes an assessment of the parental market. All the statistical and numerical data, which is calculated with the most established tools such as SWOT analysis, is represented with the help of graphs and charts for the best u...
Post a Comment
Read more