Report forecasts growth in global markets for intelligent transportation systems

A new report by information service provider 6817 Global Information says that intelligent transportation systems (ITS) improve public transport and traffic management to reduce traffic congestion, promote smoother and safer driving and improve coordinate and overall smarter use of transport networks. The development of intelligent infrastructures – from roads to bridges – is primarily a governmental responsibility while the domain of developing intelligent vehicles belongs to the commercial side. Both private and public enterprises will make investments in developing intelligent stations and services. Seamlessness and scalability will become increasingly important as the public and private spheres pursue development of intelligence in separate transportation sectors independently.

In Europe, intelligent transportation system for public transport is in a growth phase that will last for several years to come. Increasingly sophisticated solutions for traffic management and passenger information are available which – if implemented correctly – eventually can put public transport on par with private transportation modes in terms of travelling times and flexibility.

Global Information Inc (GII) highlights three critical market research reports covering the global markets for intelligent transportation systems (ITS) and commercial vehicle telematics.

Intelligent Transport System (ITS) in public transport

The market value for Intelligent Transport Systems (ITS) deployed in public transport operations in Europe was worth nearly US$1 billion in 2011. Growing at a compound annual growth rate of 15 percent, this number is expected to reach US$1.9 billion by 2016. The penetration of on-board computer units with GPS location functionality and wireless communication in buses and trams is estimated to increase from 40 per cent in 2011 to 56.1 per cent in 2016. Travellers increasingly expect real-time information. The increasing integration of smartphone-based solutions in public transport ITS is another significant development to note.

The vendor landscape for public transport ITS consists of a variety of actors.

Companies such as 511 INIT, 629 Trapeze Group and IVU have emerged as leaders in Europe. There are also local players holding considerable market shares in regional European markets, including 812 INEO Systrans and 6256 Vix.

The outlook for the European public transport ITS market is positive, as several major developments foster increased adoption of such technologies. International public transport related initiatives such as the EU project EBSF are likely to increase the ITS adoption, and other contributing developments include UITP's sought-after doubling of the public transport passengers by 2025, increasing environmental awareness and decreasing costs for ITS.

China Intelligent Transportation System (ITS) Industry Report, 2012-2015

In China, intelligent transportation system (ITS) has become an important means to improve the efficiency of road use and reduce the imbalance between traffic supply and demand.

Data from the first half of 2012 suggested that the ITS industry in China is still flourishing. In spite of economic slowdown, the local governments continued to advance project construction in BT mode, showing that the demand for ITS from local governments did not shrink.

Global Commercial Vehicle Telematics Market 2011-2015

The global commercial vehicle 6224 Telematics market is forecast to grow at a CAGR of 9.09 per cent in terms of revenue over the period 2011-2015. One of the key factors for this growth is the increasing fleet tracking and trailer tracking system subscriptions, which directly influence the demand for commercial vehicle telematics. The global commercial vehicle telematics market has also been witnessing the increasing usage of cloud-based telematics during the forecast period. However, the high cost of telematics is acting as a barrier to the market growth.

This report covers the global commercial vehicle telematics market landscape and its future growth prospects. The report also discusses key vendors operating in this market, which include 213 Qualcomm Enterprise Services, AirIQ, MiX Telematics, and 5861 OnStar Corp.