The latest research report from 7527 Research and Markets indicated that the total Australian intelligent transportation systems (ITS) market is expected to reach US$1,130.2 million by 2020, at a CAGR of 14.41 per cent between 2015 and 2020.
According to the report, Australia Intelligent Transport System (ITS) Market by Application, System (ATMS, ATIS, ITS-enabled Transportation Pricing Systems, APTS and CVO), and Territory (New South Wales, Victoria, Queensland, Western Australia, Rest of Australia) - Forecast", the market for ITS in advanced public transportation systems is expected to grow at a CAGR of 14.90 per cent during the forecast period. The increasing demand for the use of technology in public transportation for vehicle location and real-time information is the key reason for the growth of ITS in advanced public transportation systems.
The overall market has been divided into three segments, namely, systems, applications, and territorial regions. Furthermore, the market by system has been classified into several sub-types- advanced traffic management systems, advanced traveller information systems, ITS-enabled transportation pricing systems, advanced public transportation systems, and commercial vehicle operation.
The report analyses the entire market on the basis of all the major territorial regions- New South Wales, Victoria, Queensland, Western Australia, and the Rest of Australia. New South Wales is currently a major market for Australia intelligent transportation systems; however, that in Western Australia is expected to grow at the highest CAGR of 14.95 per cent during the forecast period. The Rest of Australia includes Southern Australia, Tasmania, and the Northern Territory.
The report also looks into the whole value chain and supply chain of the Australian intelligent transportation systems market. It focuses on the parent market and its segments and thus identifies the total market potential. The report also covers drivers, restraints, and opportunity analysis of the Australian intelligent transportation systems market.
The report profiles companies active in this field. It provides the competitive landscape of key players that includes their key growth strategies. The report also focuses on giving a detailed view of the complete ITS Australia market with regards to different applications as well as territorial regions.
Major players in the858 ITS Australia market include the 596 Thales Group (France), 112 Redflex Holdings (Australia), 647 Vix Technology (Australia), 4984 Kapsch TrafficCom (Austria), and Sigtec Pty (Australia). Several recent expansions and acquisitions, new product launches, and contracts among other strategies are discussed in the report.
According to the report, Australia Intelligent Transport System (ITS) Market by Application, System (ATMS, ATIS, ITS-enabled Transportation Pricing Systems, APTS and CVO), and Territory (New South Wales, Victoria, Queensland, Western Australia, Rest of Australia) - Forecast", the market for ITS in advanced public transportation systems is expected to grow at a CAGR of 14.90 per cent during the forecast period. The increasing demand for the use of technology in public transportation for vehicle location and real-time information is the key reason for the growth of ITS in advanced public transportation systems.
The overall market has been divided into three segments, namely, systems, applications, and territorial regions. Furthermore, the market by system has been classified into several sub-types- advanced traffic management systems, advanced traveller information systems, ITS-enabled transportation pricing systems, advanced public transportation systems, and commercial vehicle operation.
The report analyses the entire market on the basis of all the major territorial regions- New South Wales, Victoria, Queensland, Western Australia, and the Rest of Australia. New South Wales is currently a major market for Australia intelligent transportation systems; however, that in Western Australia is expected to grow at the highest CAGR of 14.95 per cent during the forecast period. The Rest of Australia includes Southern Australia, Tasmania, and the Northern Territory.
The report also looks into the whole value chain and supply chain of the Australian intelligent transportation systems market. It focuses on the parent market and its segments and thus identifies the total market potential. The report also covers drivers, restraints, and opportunity analysis of the Australian intelligent transportation systems market.
The report profiles companies active in this field. It provides the competitive landscape of key players that includes their key growth strategies. The report also focuses on giving a detailed view of the complete ITS Australia market with regards to different applications as well as territorial regions.
Major players in the
