The Key Players in Global Intelligent Transport System Market 2016-2020

Thursday 31 March 2016, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the Global Intelligent Transport System Market: 3M, Denso, EFKON, Kapsch TrafficCom, Traffic Tech Middle East, and TransCore.

Other Prominent Vendors in the market are: ADDCO, Agero, DENSO, Garmin, Hitachi, International Road Dynamics, Lanner, Metro Infrasys, Mitsubishi Heavy Industries, Omron, Perceptics, SAIC, Sensys Gatso Group, Telenav, TomTom, TRMI Systems Integration, Watchdata Technologies, and Xerox.

Commenting on the report, an analyst said: “One of the major trends is smart vehicles on smart roads. The governments of major countries are making a lot of effort to reduce collisions and accidents in different transport verticals. The introduction of smart vehicles is one such measure to avoid accidents on roads as these vehicles use advanced IT solutions that help them to control their speed and better manage traffic congestions along the route.”

According to the report, one of the major factors that is impacting the market positively is the growing need for public safety. Collision avoidance and dynamic warning systems are introduced to reduce the frequency of accidents by making users more aware of their surroundings.

Further, the report states that one of the major barriers is the increasing sophistication of safety and security threats.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.