Preview

Worldwide Intelligent Transportation Systems Industry 2014 to 2020 – Market Outlook, Competitive Analysis

Good Essays
Open Document
Open Document
597 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Worldwide Intelligent Transportation Systems Industry 2014 to 2020 – Market Outlook, Competitive Analysis
The global market for intelligent transportation systems is expected to reach USD 38.68 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for optimizing fuel consumption and reducing emissions is expected to be the key driving force for the market. ITS aids in reducing incidents such as road accidents and boost safety, which is estimated to positively impact demand over the next six years.

Increasing need for enhancing existing transportation networks coupled with demand for alleviating traffic congestion is expected to fuel market growth during the forecast period. However, interoperability and standardization issues may restrain the market over the next few years. Technological advancements have led to enhancement in wireless communication technologies, which is an opportunity for market participants.

The report “Intelligent Transportation Systems (ITS) Market Analysis And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/Intelligent-Transportation-Systems-Industry

Further Key findings from the study suggest:

• Advanced Transportation Management Systems (ATMS) accounted for the largest market share of 39.9% in 2013; it is expected to continue dominating the overall industry over the next six years. Advanced Public Transportation Systems (APTS) is expected to be the fastest growing segment, at an estimated CAGR of 13.7% from 2014 to 2020. APTS deal in the use of IT and transportation management in order to boost the safety and effectiveness of public transit systems.
• Traffic management is expected to remain the largest ITS application through the forecast period and was valued at USD 5.16 billion in 2013. Road user charging (RUC) also accounted for considerable market share in 2013, driven by technological advancements in electronic toll collection (ETC). Environment protection is expected to grow
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Powerful Essays

    COMM 320 Business Plan
    • 9070 Words
    • 43 Pages

    COMM 320 Business Plan

    number of cars on the road, and at the same time help its users save time and money by finding…

    • 9070 Words
    • 43 Pages
    Powerful Essays
    Read More
  • Good Essays

    Summary: The Shadow Throne
    • 1097 Words
    • 5 Pages

    Summary: The Shadow Throne

    The Shadow Throne, by Jennifer A. Nielsen, is the third and final book in the Ascendance trilogy. It is an action and adventure fantasy story about a young King. The story mainly takes place in a country called Carthya, in the middle ages when Kings and Queens ruled the land. King Jargon has many adventures while trying to protect his country, his people, and his friends in the fight for Carthya’s future.…

    • 1097 Words
    • 5 Pages
    Good Essays
    Read More
  • Powerful Essays

    The Pros And Cons Of Driverless Cars
    • 1454 Words
    • 6 Pages

    The Pros And Cons Of Driverless Cars

    Many popular name brand car companies expect driverless cars to be on the market by 2020, and for all cars to be driverless by 2025. The idea of a car that can drive, navigate, and park itself was an idea only to be heard of in the movies, but now it is in it’s final stages of testing. The self driving car is currently in production of prototypes to be demonstrated to the public by popular name brand companies like: Tesla, Mercedes Benz, BMW, and more. With the introduction of a driverless car, the lives of many drivers will become much easier and create a positive effect.. The self driving car consists of an advanced programmed computer, as well as many sensors that help guide and calculate smart decisions for the car to make. A car that drives…

    • 1454 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Good Essays

    Self-Driving Car: Ethical Dilemmas
    • 1525 Words
    • 7 Pages

    Self-Driving Car: Ethical Dilemmas

    According to studies 94 percent of vehicle accidents are caused by human error,So as the evolution of vehicles continues, new technology has risen("Google Self-Driving Car). One vehicle that caught the public's eye is the Self-Driving car. The only problem is that people are very concerned with this new idea. People are afraid of malfunctions and other related issues like hacking. Also cost is a big problem. Though there are malfunctions and affordability issues, Self-Driving cars are safe because they include a 360 viewing camera with radar detection,autonomous brakes, and a high tech computer that runs the whole vehicle.…

    • 1525 Words
    • 7 Pages
    Good Essays
    Read More
  • Better Essays

    Self-Driving Cars
    • 3778 Words
    • 16 Pages

    Self-Driving Cars

    This paper will present information about self-driving cars and smart transportation systems. The technological barriers, security concerns and privacy issues concerning the implementation of these new systems will be addressed. The impact they will have on society, business, and government will be explored. Supporting data from research papers, news articles, and industry reports will be presented. The technology will be adopted because it will provide travelers with a safe, reliable, and convenient form of transportation. It will save people time and money and it will save thousand of lives every year. The measured evolution and introduction of self-driving cars and smart transportation infrastructure is important so it can allow business, consumers, and governments to adjust to the change in the way people and goods are transported.…

    • 3778 Words
    • 16 Pages
    Better Essays
    Read More
  • Better Essays

    Uc Personal Insight Questions
    • 1096 Words
    • 5 Pages

    Uc Personal Insight Questions

    When I was working in Palo Alto city, having to commute back and forth during rush hour on US 101 was not fun. It kept me wondering why we still cannot solve the traffic problem, despite of many breakthrough technologies. My dream is one day I could replace the least reliable part in a car, the human drivers. Without the human factor, I believe the transportation system will become more efficient, accessible, and safer. This is what inspired and motivated me to learn Computer Science for the past three years.…

    • 1096 Words
    • 5 Pages
    Better Essays
    Read More
  • Good Essays

    America's Current Transportation System
    • 225 Words
    • 1 Page

    America's Current Transportation System

    Over time, as the frequency of crashes is reduced, cars and trucks could be made much lighter. This would increase fuel economy even more” (Anderson). Our country’s current transportation system is incredibly inefficient as drivers spend much of their travel time slowing down, speeding up, or staying stopped uselessly. The reason we have this current system in place is that humans are not able to work flawlessly in a complex system that would allow drivers to remain moving through an intersection at a high speed. Autonomous cars would eventually eliminate this system as they would be able to complete these complex tasks that humans are not capable of. Today's drivers are sick of getting stuck at red lights with no cross traffic in sight, a…

    • 225 Words
    • 1 Page
    Good Essays
    Read More
  • Satisfactory Essays

    The Pros And Cons Of Smart Trucking
    • 137 Words
    • 1 Page

    The Pros And Cons Of Smart Trucking

    These days, We have smart houses that allow you to run everything in your house. Smart Tech is even being used in Trucking. With the way, it works when it comes to your house; people could believe that accidents when it comes to trucks on the road could be non existance. But they are wrong. We do not live in a perfect world. Things like driving cars and never getting into accidents, that does not happen. What happen is that there is smart tech which make so there is less crowding on the highways and people on the road can get to where they are going faster. People driving trucks will love that because they will be less chance of them being late with cargo they have. One such website as http://americancityandcounty.com/technology/transportation-technology-smart-20101015…

    • 137 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Good Essays

    Should Driverless Cars Be Mandatory?
    • 767 Words
    • 4 Pages

    Should Driverless Cars Be Mandatory?

    Self-driving cars are being built and are being experimented with everyday. Google has been building driverless cars for a while now. Features the cars will have is a GPS receiver, laser range finder, windscreen, video camera, radars, and an 160km-range engine. Although the self-driving cars already have all these features, it still has glitches that are continuously being operated on to be improved. Driverless cars technology cannot be fully trusted. A driver should have the option of driving his or her own car or have a self-driving car. Driverless cars should not be mandatory because of the dangers of the cars’ evolving technology.…

    • 767 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Self-Driving Occupations
    • 775 Words
    • 4 Pages

    Self-Driving Occupations

    We see this technology evolving at a fast pace with fierce competition amongst many big-name companies. Many are researching and implementing the latest technology or submitting a patent for that design. Technology is great for society but with safety in mind that must be the main priority. Personal safety is one of the main uncertainties when it comes down to employing self-driving vehicles on our roadways. The potential for injuries that will be talked about are whiplash, concussions and other injuries from vehicle accidents. Once the safety measures are in place and functions as intended we will start to see companies using these vehicles to help with cost saving measures. Drivers will be replaced and jobs lost, though this will be a large issue amongst those effected there will be benefits which will be saving money and limiting accidents. We will likely see a great deal of resistance for mass quantities of self-driving vehicles but with deaths and injuries on the rise each year on our road ways we need solutions to help lower statistics. Self-Driving vehicles may be the answer to those problems. Driverless vehicles are designed to reduce the overall risk for traffic accidents by various sensors and features. Many vehicles already utilize some form of driver assistance on the roadways, technology will only build on this foundation that has been laid. With more and more states allowing autonomous vehicles driving on their roads don’t be surprised to see a driver less vehicle heading in your…

    • 775 Words
    • 4 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Essay On Driverless Autos
    • 428 Words
    • 2 Pages

    Essay On Driverless Autos

    Autos are currently have the innovation to offer drivers some assistance with staying in their path, maintain a strategic distance from impacts, and have turned out to be exceptionally best in class throughout the years. Furthermore, these sorts of elements are not simply on extravagance autos, they additionally go ahead models that everybody can manage. The headway of innovation in autos has make some amazing progress since Henry Ford initially developed them. These components arrive to keep the driver and other individuals out and about safe. The main driverless auto ought to be accessible for people in general soon, since such a…

    • 428 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    The Ethics Of Driverless Cars Analysis
    • 776 Words
    • 4 Pages

    The Ethics Of Driverless Cars Analysis

    Mladenovic and McPherson both write about how we already have a system in place, although it isn’t optimized for self-driving cars: “We thus have reason to expect that that contemporary conventional traffic control (C1) will be replaced by a next-generation of traffic control that utilizes these new technologies—traffic control 2.0 (C2)” (Mladenovic&McPherson, 2015, p. 1334-1335). In the article Mladenovic and McPherson explain how the changes are needed before we can introduce them to the general public: “The convergence of computing, sensing, and communication technology will soon permit large-scale deployment of self-driving vehicles. This will in turn permit a radical transformation of traffic control technology” (Mladenovic&McPherson, 2015, p. 1334-1335). Mladenovic and McPherson both write about how we have been using the same traffic control system for decades even though technology has evolved. They also explain how creating a new technology like this will allow us to finally put to use the greatest technology ever: self-driving…

    • 776 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Impaired Driving
    • 417 Words
    • 2 Pages

    Impaired Driving

    The Google self-driving car is one of those prototype vehicles that is currently on the read tested on safety and help the reduction of impaired drivers. Human drivers are highly unpredictable and unstable at times during driving while autonomous technologic drivers can eliminate these errors and therefore promote higher overall levels of safety. Although this self-driving car is only a prototype, there has been remarkable progress and these kind of products will soon be commercialized to the public in the very near future.…

    • 417 Words
    • 2 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Self Driving Cars
    • 530 Words
    • 3 Pages

    Self Driving Cars

    Self driving cars participate in a behavior called platooning. It will improve traffic conditions, then we would be able to get around without worrying about much traffic. For Self-driving cars to function correctly and efficiently they need to communicate with each other, helping to locate traffic problems and dangers on the road early on. Sensors in the self-driving cars allow vehicles to drive on the road closer together without any accidents therefore eliminating traffic. Self driving cars are so smart, they can drive around and pick people up and just drop them off. Sebastian Thrun once said " Self-driving cars will enable car-sharing even in spread-out suburbs. A car will come to you just when you need it. And when you are done with it, the car will just drive away, so you won't even have to look for parking". Think about how much easier things would be if we had self-driving cars. All the advanced sensors on the car will avoid any traffic and if the majority of the cars on the road are self-driving cars, then we wouldn't have to worry about any kind of…

    • 530 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Virtue Ethics
    • 1125 Words
    • 5 Pages

    Virtue Ethics

    “Critically evaluate the view that ethics should be more concerned with who you are than what you do.”…

    • 1125 Words
    • 5 Pages
    Good Essays
    Read More

Related Topics