The global radio modem market for ITS application is expected to grow at a CAGR of 8.9% during the forecast period to reach USD 160.8 Million. Wireless communication has revolutionized the traditional means of communication. Radio modems play a crucial role in this revolution, owing to their ability to encode, transmit, and decode the data over long distances. These modems use radio waves for data transmission that give user an added advantage over wired data transfer. The report aims at estimating the market size and future growth potential of the radio modem market for ITS application across different segments such as frequency band, communication channel, operating range, application, and geography. The base year considered for the study is 2014 and the market size is forecasted for the period between 2015 and 2020. Increasing government funding toward the deployment of various ITS systems such as electronic toll collection systems, advanced transportation management systems, and others is also driving the growth of the radio modems market for ITS application.

The research methodology used to estimate and forecast the radio modem market for ITS application begins with obtaining data on key vendor revenues through secondary research. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size of the global radio modem market for ITS application from the revenue of the key market players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primaries is depicted in the below figure.

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The radio modem ecosystem comprises of vendors such as Adeunis RF (France), Arada Systems, Inc. (U.S.), ATIM Radiocommunications (France), Autotalks Ltd. (Israel), B&B Electronics Manufacturing Co. (U.S.), Campbell Scientific Inc. (U.S.), Cohda Wireless (Australia), Kapsch TrafficCom AG (Austria), Motorola Solutions, Inc. (U.S.) Q Free ASA (Norway), Satel Oy (Finland), Schneider Electric SE (France), and Wood & Douglas Ltd. (U.K.).

Key Target Audience

Radio modem manufacturers and suppliers

Research and development (R&D) companies

Business research and consulting service providers

Research organizations

Academic centers and universities

Associations and industrial bodies

Electronics and semiconductor companies

Technology investors

Scope of the Report

The radio modem market for ITS application in this research report has been segmented into the following submarkets:

By Frequency Band:

License-free frequency

UHF

Wi-Fi

VHF

By Communication Channel:

Point to multi-point

Point to point

By Operating Range:

Short range

Long range

By Application:

Vehicle to infrastructure

Communication

Traffic management systems

Electronic fee collection

Vehicle to vehicle

Communication

Emergency management

Systems

Others

By Geography:

North America

Europe

APAC

South America

RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company�s specific needs. The following customization options are available for the report:

Product Analysis

A detailed analysis of different products by various competitors in the radio modem market for ITS application would be carried out. This analysis will help devise strategies for the company.

Geographic Analysis

Further breakdown of the radio modem market for ITS application in North America

Further breakdown of the market for ITS application in Europe

Further breakdown of the market for ITS application in APAC

Further breakdown of the market for ITS application in South America

Company Information

Detailed analysis and profiling of additional market players

MarketsandMarkets forecasts the global radio modem market for ITS application to grow at a CAGR of 8.9% during the forecast period to reach USD 160.8 Million by 2020. Wireless communication has revolutionized the traditional means of communication. Radio modems play a crucial role in this revolution, owing to their ability to encode, transmit, and decode data over long distances. Radio modems use radio waves for data transmission, which give users an added advantage over wired data transfer.

Radio modems have numerous applications in the transportation and logistics sector such as remote data acquisition, supervisory control and data acquisition (SCADA), telemetry, and automatic vehicle location (AVL) among others.

The scope of this report covers the radio modem market for ITS application by frequency band, communication channel, operating range, application, and region. The market for Wi-Fi frequency band is estimated to grow at the highest CAGR during the forecast period. Wi-Fi modems are used in dedicated short range communications (DSRC) for executing two-way short to medium-range wireless communications through high data transmission for safety driving applications. The point to multi-point market for ITS application is expected to grow at a high CAGR during the forecast period.

The short range radio modem for ITS application is estimated to record higher revenue compared to the long range market for ITS application during the forecast period. Short range radio modems transmit data at a higher rate. Short-range radios or short-range devices (SRD) are highly integrated transceivers, typically on a single chip, that are used in a wide range of wireless data applications.

The vehicle to vehicle (V2V) communication segment of the global radio modem market for ITS application is estimated to grow at the highest CAGR during the forecast period. It is an automobile technology comprising a wireless network that allows automobiles to communicate their speed, brake status, position, steering-wheel position, direction of travel, and other important data with another vehicle within 1,000 meters. The V2V automobile technology for communication uses dedicated short-range communications (DSRC).

North America, comprising the U.S., Mexico, and Canada, dominates the global radio modem market for ITS applications and is expected to exhibit the same trend during the forecast period. The U.S. is driving factor the growth of this market. In addition, increasing number of four wheelers and heavy vehicles in this region is expected to drive the growth of this market in North America since there is a high requirement for an effective transportation system in North American countries. The region ranked first in 2014 in the deployment of various ITS systems such as advanced transportation management systems, advanced traveler information systems, ITS-enabled pricing systems, and commercial vehicle operation among others.

The initial cost involved in purchasing radio modems and related hardware is significantly higher. This factor is hindering the growth of the overall radio modem market for ITS application. However, researches are being carried out to develop cheaper modems.

Some of the key players in the radio modem market for ITS application that are covered in this report include Adeunis RF (France), Arada Systems, Inc. (U.S.), ATIM Radiocommunications (France), Autotalks Ltd. (Israel), B&B Electronics Manufacturing Co. (U.S.), Campbell Scientific Inc. (U.S.), Cohda Wireless (Australia), Kapsch TrafficCom AG (Austria), Motorola Solutions, Inc. (U.S.), Q Free ASA (Norway), Satel Oy (Finland), Schneider Electric SE (France), and Wood & Douglas Ltd. (U.K.) among others. These players have adopted various strategies such as new product developments, mergers, partnerships, collaborations, and business expansion to grow in the market for ITS application.

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