TechSci Research Applauds Thales Group for its Global Leadership in the Intelligent Transportation Systems Market
Based
on the recent analysis of intelligent transportation systems market TechSci
Research applauds Thales Group for its revolutionary products which helps
create next generation transportation systems.
According to TechSci Research
report titled “Global Intelligent Transportation Systems Market Forecast & Opportunities, 2021” Thales
Group was the market leader in global ITS market. The company accounted for the
largest share in the global ITS market on account of large and innovative product
portfolio for various modes of transportation. The global market for ITS is
highly fragmented with presence of many small regional players. On account of
high innovation in product engineering and increasing collaborative efforts by
the company in developing world class products, the company is expected to lead
rather then follow competition.
Thales, Xerox,
Cubic, Kapsch are top 4 players operating in the global intelligent
transportation systems market and accounted for share of 5%, 3%, 3% and 2% in
2014, respectively. The global market for intelligent transportation systems is
highly fragmented and consist of many small scale companies operating in the
market.
Thales being the
market leader acquired a share of around 5% in 2014 in the global intelligent
transportation systems market. The company offers advanced ITS solutions for
railways and public transport, train control systems, route control &
interlocking, passenger services, operation control fare collection management,
etc. for railways and solutions such as car parking management, road traffic
management, electronic toll collection, etc. for improving road transportation.
The company has its presence in almost all major markets across the globe and
is planning to invest heavily in ITS solution for aviation and other
transportation modes also, which is expected to drive the share of the company
during forecast period, which is expected to fuel growth in the market share
held by the company, making it increase to around 7% by 2020.
Browse 8 market data Tables and 28 Figures spread through 148 Pages and an in-depth TOC on "Global Intelligent Transportation Systems Market"
The second
leading player in ITS market is Xerox with a share of around 3% in 2014. The
company offers a wide range of IT solutions including toll collection, parking
management, fleet management, traffic management, commercial vehicle
operations, motor vehicle solutions and revenue services, photo enforcements
and others. On account of increasing focus of the company towards advanced ITS
solution such as, telematics, advanced analytics for transportation insights,
connected vehicles- short range and long range communication, the market share
accounted for by the company is forecast to increase to 5% by 2020.
According to
TechSci report the third spot was captured by Cubic Corporation which accounted
for a share of 3% in the global intelligent transportation systems market. The
company offers ITS solutions such as revenue management solutions, real-time
passenger information, traffic management, predictive analysis, tolling
solutions and parking solutions. On account of active efforts and increasing
investments by the company in opening an innovation center in London to drive
mobility advancements in urban transportation, the market share held by the
company is expected to increase to 4.9% by 2020.
Kapsch
TrafficCom has been recognized as the 4th largest player in global
ITS market with a share of around 2.5% in 2014. The company offers a wide range
of ITS solutions including tolling solutions, traffic management solutions,
safety and security solutions, parking solutions, urban access management,
congestion management, etc. on the back of which the company’s market share is
forecast to increase to around 4% by 2020. The increasing share of the company
is attributed to mainly the wide product portfolio which allows the company to
look for larger segments of the market reveals TechSci analysis.
Intelligent transportation
systems market grew at a steady pace over the past few years on account of
rapidly increasing traffic congestion in cities causing slower mobility of
traffic, which ultimately affects trade in countries. Government in such
countries are taking initiatives to develop infrastructure, as well as to
improve the ways of transportation. Additionally, growing environmental
concerns and increasing focus on traffic safety, are also driving significant
investments in transportation in various countries.
"Global Intelligent Transportation Systems Market By System, By Application & Competition
Forecast and Opportunities, 2010 - 2020" has evaluated the future growth
potential of ITS deployments globally and provides statistics and information
on market structure, market size and trends. The report includes ITS market
projections and demand forecasting for the period 2015 - 2020. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decision. Besides, the report also identifies and
analyzes the emerging market trends along with prominent drivers, challenges
and opportunities prevailing in the global ITS market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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