Global intelligent transportation systems market forecasts to 2016

Research and Markets’ latest report, Global Intelligent Transportation Systems Market - Forecasts to 2016 finds that one of the main trends witnessed in the global intelligent transportation systems market is the increasing Government initiatives. For instance, the US Department of Transportation is planning to conduct a real-world test of smart vehicles. This test will include vehicle-to-vehicle and vehicle-to-infrastructure communication. In addition, under the Pennsylvania Community Transportation Initia
March 14, 2014 Read time: 2 mins
7527 Research and Markets’ latest report, Global Intelligent Transportation Systems Market - Forecasts to 2016 finds that one of the main trends witnessed in the global intelligent transportation systems market is the increasing Government initiatives. For instance, the 324 US Department of Transportation is planning to conduct a real-world test of smart vehicles. This test will include vehicle-to-vehicle and vehicle-to-infrastructure communication. In addition, under the Pennsylvania Community Transportation Initiative, US$24.7 million was given to 41 communities for intelligent transportation systems projects in 2012.

Other countries are also taking initiatives and are increasing their investment in implementing the intelligent transportation systems, which are leading to the growth of the global intelligent transportation systems market. According to the report, one of the main factors driving the market is the rapid growth of Global smart Cities. Intelligent transportation systems are an integral part of a smart city, and hence, it directly influences the adoption of intelligent transportation systems.

Thus, the rapid growth of the global smart cities market is contributing to the growth of the global intelligent transportation systems market. Further, the report states that one of the main challenges is the high maintenance cost. The high cost of maintaining transportation systems is a matter of concern especially for the public transportation sector. The expense involved in implementing these systems for public transportation is very high, and it can be achieved only by large amounts of government funding and incentives.
Urban Traffic Control

For more information on companies in this article

Related Content

  • Connected vehicle technology the solution to safety?
    January 25, 2012
    A series of 'driver clinics' is under way across five states, as vehicle manufacturers and the US Government pin their hopes on connected vehicles becoming the next big advance in road safety. Pete Goldin reports. What would a car say if it could talk? Its first words might be: "Here I am". Many vehicles are communicating that very message to each other right now. Admittedly, this is in controlled environments of US Department of Transportation (USDoT) tests, but within the next few years 'connected vehicle
    Read More
  • Necessity is the mother of invention
    April 6, 2016
    The Netherlands aims to lead Europe, and the world, in the area of cooperative ITS and smart mobility. That’s not an aspiration – it’s a necessity as Frans op de Beek, principal advisor for traffic management and ITS within the Rijkswaterstaat, the Ministry for Infrastructure and the Environment, explains.
    Read More
  • Connected vehicles - potential to transform US transportation
    April 12, 2013
    There’s a new face in the driving seat at the US Department of Transport’s ITS Joint Program Office. Fortunately, as Robin Meczes finds out, he’s no learner driver… Ask Kenneth Leonard why he wanted his new job as director of the ITS Joint Program Office, and his answer comes back without a second’s delay. “The potential to save lives, reduce injuries and help people enjoy a more efficient transportation system is the kind of challenge that makes me want to come to work each morning,” he says. “In my opinio
    Read More
  • Air quality tops transportation agendas
    November 17, 2014
    Colin Sowman catches up on some of the latest research around outdoor pollution and looks at options available to authorities in areas of poor air quality. Iair quality hasn’t already reached the top of the agenda in transportation department meetings in your area, it probably soon will with national, trans-national and even global bodies calling for authorities to reduce pollution levels.
    Read More

Highlighted Content