Radio Modem Market Trends, Growth, Opportunities and Forecast by 2020
The report " Radio Modem Market for ITS Application by Frequency Band (License Free, UHF, Wi-Fi, VHF), Communication Channel (Point to Multi-Point, Point to Point), Operating Range (Short, Long), Application and Geography - Global Forecast to 2020", The global radio modem market for ITS application is estimated at USD 105.1 Million in 2015, and is expected to grow at a CAGR of 8.9% from 2015 to 2020, to reach USD 160.8 Million. Intelligent transportation systems have been constantly evolving over the decades due to rapid technological advancements. ITS encompass a broad range of wireless and wireline communications-based information and electronics technologies. ITS technology-based systems are intended to facilitate the realization of optimized, efficient, smooth, and comfortable transport systems to improve traffic flow and reduce bottlenecks of traffic congestion. These systems integrate modern information and communication technology into existing transportati...