According to a new market research report published by 6418 MarketsandMarkets, Australia’s intelligent transportation systems is expected to grow at a CAGR of 14.41 per cent between 2015 and 2020, and reach US$1,130.2 million by 2020.
The report is combined with an in-depth analysis of the various market dynamics such as drivers, restraints, and opportunities. Along with the market dynamics, the report also gives an insight about various market parameters, such as market share analysis, value chain analysis, and the recent market activities of the leading players. The market activities also include expansions and acquisitions, new product developments, agreement, and new contract by players in the market.
The continuous innovations in this market have helped improve transportation management and reduce traffic congestion. Advanced traffic management system (ATMS) dominates the overall market and is seen as the most successful and suitable system of ITS due to its ability to monitor different functions such as real-time traffic, traffic signal controlling, incidents on roads, automated warnings, dynamic message signs, traffic cameras, and weather information.
The report covers the Australian intelligent transportation systems market and all its market aspects such as opportunities, drivers, and restraints in detail. In this report, the overall market has been divided into three major segments—systems, applications, and territory. This is a growing market; based on systems it is segmented into ATMS, advanced traveller information systems, ITS-enabled transportation pricing systems, advanced public transportation systems and commercial vehicle operation. The application segment includes fleet management and asset monitoring, traffic monitoring systems, traffic signal control systems, collision avoidance systems, variable traffic message signs, parking availability system, traffic enforcement cameras and automotive telematics. Applications in traffic signal control systems are expected to account for the largest share of the Australian ITS market during the forecast period.
The territorial split of the Australian intelligent transportation systems market has been included in the report. The overall market has been divided into five major territorial regions, namely, New South Wales, Victoria, Queensland, Western Australia, and the Rest of Australia. Among all, New South Wales leads the Australian intelligent transportation systems market. The Rest of Australia includes Southern Australia, Tasmania, and the Northern Territory. An increasing demand for intelligent transportation systems is expected from Western Australia during the forecast period.
Major players in the Australian intelligent transportation systems market are the596 Thales Group (France), 112 Redflex Holdings (Australia), 647 Vix Technology (Australia), 4984 Kapsch TrafficCom (Austria), and Sigtec. (Australia). Other players which are active in this market are 629 Trapeze Software (US), 6030 Intelematics Australia (Australia), 2204 Navman (New Zealand), 796 Transmax (Australia), 490 Garmin International (U.S.), and 1692 TomTom International (Netherlands).
The report is combined with an in-depth analysis of the various market dynamics such as drivers, restraints, and opportunities. Along with the market dynamics, the report also gives an insight about various market parameters, such as market share analysis, value chain analysis, and the recent market activities of the leading players. The market activities also include expansions and acquisitions, new product developments, agreement, and new contract by players in the market.
The continuous innovations in this market have helped improve transportation management and reduce traffic congestion. Advanced traffic management system (ATMS) dominates the overall market and is seen as the most successful and suitable system of ITS due to its ability to monitor different functions such as real-time traffic, traffic signal controlling, incidents on roads, automated warnings, dynamic message signs, traffic cameras, and weather information.
The report covers the Australian intelligent transportation systems market and all its market aspects such as opportunities, drivers, and restraints in detail. In this report, the overall market has been divided into three major segments—systems, applications, and territory. This is a growing market; based on systems it is segmented into ATMS, advanced traveller information systems, ITS-enabled transportation pricing systems, advanced public transportation systems and commercial vehicle operation. The application segment includes fleet management and asset monitoring, traffic monitoring systems, traffic signal control systems, collision avoidance systems, variable traffic message signs, parking availability system, traffic enforcement cameras and automotive telematics. Applications in traffic signal control systems are expected to account for the largest share of the Australian ITS market during the forecast period.
The territorial split of the Australian intelligent transportation systems market has been included in the report. The overall market has been divided into five major territorial regions, namely, New South Wales, Victoria, Queensland, Western Australia, and the Rest of Australia. Among all, New South Wales leads the Australian intelligent transportation systems market. The Rest of Australia includes Southern Australia, Tasmania, and the Northern Territory. An increasing demand for intelligent transportation systems is expected from Western Australia during the forecast period.
Major players in the Australian intelligent transportation systems market are the
