In 2015, LAMEA Intelligent Transport Systems Market Size attained a market size of USD 1,561.93 Million and is expected to witness a growth of 12.7% CAGR during the forecast period. In 2015, Brazil dominated the LAMEA ITS Market and is expected to generate revenue of USD 567.4 Million by 2022. The Argentina region generated a revenue of USD 192.1 Million in 2015 growing at a CAGR of 13.6% during the forecast period. The UAE region would witness a growth of 11.5% CAGR from time period 2016 ? 2022. Roadways segment dominated the LAMEA ITS Market by Mode of Transportation in 2015 and is expected to generate revenue of USD 1,241.1 Million by 2022. Aviation segment on the other hand is expected to register a highest CAGR of 17.3% during the forecast period (2016-2022). Security & Surveillance segment dominated the LAMEA Aviation ITS Market by Application in 2015. The segment attained a market size of USD 96.6 Million in 2015 and is expected to witness a growth of 16.3% CAGR. The Emergency Notification segment would grow at a highest CAGR of 20.0% during the forecast period of 2016-2022.
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The developing regions have many impediments to growth, and road traffic jams have and will be a major problem causing massive delays, increased fuel wastage and monetary losses. The fast changing regional landscape has led to poorly planned road networks. Due to unplanned road networks, small critical areas become the hot-spots for congestion and ineffective and poor traffic management around these hotspots potentially results in extended traffic jams. Privatizations of highways and road pricing have been some initiatives proposed to reduce congestion. The different types of mode of transport discussed in the report include roadways, railways, aviation and maritime. As the Roadways ITS solutions, the components and services have been focused in the report. The market have been analysed both in terms of different hardware and software as the components along with the business & cloud services and Support and Maintenance services. The Roadways ITS market has been further probed by systems including Advanced Traveler Information Systems (ATIS), Advanced Transportation Management Systems (ATMS), Advanced Transportation Management Systems (ATMS), Advanced Public Transportation Systems (APTS) and Cooperative Vehicle Systems.
The major applications including Fleet Management and Asset Monitoring, Automotive Telematics, Traffic Management, Collision Avoidance, Passenger Information among others have been discussed in the report. The application market of LAMEA Railways Intelligent Transport Systems (ITS) market including Cost Management, Carbon Emission Control, Capacity Management, Customer Management have been focused to provide the in-depth understanding of the market. The LAMEA Aviation Intelligent Transport Systems (ITS) Market has been analysed with an in-depth probe into the different Systems market and application areas. As the system market, the report provided insights for Information Display, Tracking & Monitoring, Communication, Kiosks, Smart Gate Self-Service Baggage market. As the application market, the report focuses on Security & Surveillance, Shuttle Bus Tracking, Traveler Information, Smart Ticketing, Aircraft Management, Emergency Notification applications of Aviation Intelligent Transport Systems. The LAMEA Maritime Intelligent Transport Systems (ITS) Market section covers different System market including Automatic Identification & Vessel Traffic Management, Long-Range Identification & Tracking System, Maritime Navigation & Information Service market.
As the application market, the report focuses on Freight Arrival & Transit, Real-Time Weather Information, Scheduling of Container Movement, Emergency Notification applications of Maritime Intelligent Transport Systems Market. Based on Country, LAMEA Intelligent Transport Systems market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Rest of LAMEA. South Africa remained the dominant region in 2015. Key companies profiled in the report include Siemens AG, Cisco Systems, Inc., ZTE Corporation, IBM Corporation, Microsoft Corporation, Intel Corporation, Oracle Corporation and Computer Science Corporation.
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