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Dublin, July 21, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/w7qcrs/australia) has announced the addition of the "Australia Intelligent Transport System (ITS) Market by Application, System (ATMS, ATIS, ITS- Enabled Transportation Pricing System, APTS and CVO), and Territory (New South Wales, Victoria, Queensland, Western Australia, Rest of Australia) - Forecast" report to their offering.
The total market is expected to reach $1,130.2 million by 2020, at a CAGR of 14.41% between 2015 and 2020
The market for the application in advanced public transportation systems is expected to grow at a CAGR of 14.90% 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 system, advanced traveler information system, ITS-enable transportation pricing system, advanced public transportation system, and commercial vehicle operation.
The report analyzes 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% 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 ITS Australia market include the Thales Group (France), Redflex Holding Ltd. (Australia), Vix Technology (Australia), Kapsch TrafficCom AG (Austria), and Sigtec Pty Ltd. (Australia). Several recent expansions and acquisitions, new product launches, and contracts among other strategies are discussed in the report.
Key Topics Covered:
2 Research Design
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Australia ITS Market, By System
8 Australia ITS Market, By Application
9 Australia ITS Market, By Territory
10 Competitive Landscape
11 Company Profiles
- Kapsch Trafficcom
- Redflex Holdings Limited
- Sigtec Pty Ltd.
- Thales Group
- Vix Technology
For more information visit http://www.researchandmarkets.com/research/w7qcrs/australia
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