The Middle East intelligent transportation system (ITS) market size is anticipated to reach USD 6.77 billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 11.6% during the forecast period. ITS is integrated with advanced automotive sensors to monitor and develop strategies to reduce traffic or provide access to sensitive pollution areas, where air quality is below acceptable level. These systems inform drivers about vehicle emitting pollutant levels and corrective actions to be taken. In addition, these systems help transportation and environment protection authorities to develop and evaluate pollution control strategies, which help in effective environment protection.
Traffic
management system emerged as the dominant application segment in 2017,
accounting for 41.7% of the total market share. Traffic management systems
enhance reliability and operation performance of road networks. Road
authorities deploy advanced traffic management systems to maximize operation
performance and reliability of all aspects of road networks such as traffic
management, control, and surveillance. Several types of traffic management
systems are urban and inter-urban systems, vehicle detection systems, ramp
metering systems, bridge traffic management systems, and tunnel traffic
management systems.
ATMS
solutions offered by market participants combine data processing technology,
sensors, and communication to ensure real-time management of operations of
transportation networks; data gathered and processed is useful for both drivers
and travelers. Advanced public transport system (APTS) is expected to post a
noteworthy CAGR of 13.8% during the forecast period, owing to increasing
government initiatives.
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Further key
findings from the study suggest:
- Emergency
Management System (EMS) is estimated to be the fastest growing segment,
with a CAGR of approximately 17.0% from 2018 to 2025
- The Kingdom
of Saudi Arabia market is likely to be the most promising regional market,
registering a CAGR of 12.2% during the forecast period. Stringent
regulations to improve driver, passenger, and pedestrian safety in the
country are the key factor driving the regional market
- The UAE road
tolling systems segment is projected to reach USD 522.1 million by 2025.
Public transport segments is poised to experience a CAGR of 10.1% during
the forecast period
- Some of the
prominent companies operating in the market are Denso Corporation, Efkon
Ag, Garmin International, and Lanner Electronics.
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Grand View Research has
segmented the Middle East intelligent transportation system (ITS) market on the
basis of application and type:
Middle East
Intelligent Transportation System Type Outlook (Revenue, USD Million, 2015 -
2025)
- ATIS
- ATMS
- ATPS
- APTS
- EMS
Middle East
Intelligent Transportation System Application Type Outlook (Revenue, USD
Million, 2015 - 2025)
- Automatic Crash Notification (ACN)
- Emergency Calling
- Vehicle Tracking
- Navigation and Infotainment
- Diagnostics
- Road Assistance
Middle East
Intelligent Transportation System Regional Outlook (Revenue, USD Million, 2015
- 2025)
- U.A.E.
- The Kingdom of Saudi Arabia
- Rest of Middle East
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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