Australian ITS market ‘worth US$1,130.2 million by 2020’

According to a new market research report, Australia Intelligent Transport System (ITS) Market by application, system (ATMS, ATIS, ITS - Enabled Transportation Pricing System, APTS and CVO) and Territory (New South Wales, Victoria, Queensland, Western Australia, Rest of Australia) - Forecast to 2020, published by MarketsandMarkets, the Australian intelligent transportation systems market is expected to grow at a CAGR of 14.41 per cent between 2015 and 2020, and reach US$1,130.2 million by 2020. The continuo
July 10, 2015 Read time: 3 mins

According to a new market research report, Australia Intelligent Transport System (ITS) Market by application, system (ATMS, ATIS, ITS - Enabled Transportation Pricing System, APTS and CVO) and Territory (New South Wales, Victoria, Queensland, Western Australia, Rest of Australia) - Forecast to 2020, published by 6418 MarketsandMarkets, the Australian intelligent transportation systems market is expected to grow at a CAGR of 14.41 per cent between 2015 and 2020, and reach US$1,130.2 million by 2020.

The continuous innovations in this market have helped improve transportation management and reduce traffic congestion. Advanced traffic management system (ATMS) dominates the overall market. ATMS was the most successful and suitable ITS system due to its ability to monitor different functions such as real-time traffic, traffic signal control, incidents on roads, automated warnings, dynamic message signs, traffic cameras and weather information.

The report covers the Australian intelligent transportation systems market and all its market aspects such as opportunities, drivers, and restraints in detail. In this report, the overall market has been divided into three major segments-systems, applications, and territory.

This is a growing market; based on systems it is segmented into advanced traffic management system (ATMS), advanced traveller information systems (ATIS), ITS-enabled transportation pricing system, advanced public transportation systems (APTS) and commercial vehicle operation (CVO). The application segment includes fleet management and asset monitoring, traffic monitoring systems, traffic signal control systems, collision avoidance systems, variable traffic message signs, parking availability systems, traffic enforcement cameras and automotive telematics. The application of traffic signal control systems is expected to account for the largest share of the Australian ITS market during the forecast period.

The territorial split of the Australian intelligent transportation systems market has been included in the report. The overall market has been divided into five major territorial regions, namely, New South Wales, Victoria, Queensland, Western Australia, and the Rest of Australia. Among all, New South Wales leads the Australian intelligent transportation systems market. The Rest of Australia includes Southern Australia, Tasmania, and the Northern Territory. An increasing demand for intelligent transportation systems is expected from Western Australia during the forecast period.

Major players in the Australian intelligent transportation systems market are the Thales Group (France), Redflex Holdings (Australia), Vix Technology (Australia), Kapsch TrafficCom (Austria), and Sigtec Pty (Australia). Other players active in this market are Trapeze Software (US), Intelematics Australia (Australia), Navman (New Zealand), Transmax (Australia), Garmin International (US), and TomTom International (Netherlands).

For more information on companies in this article

Related Content

  • Integrating traffic systems improves management and control
    April 25, 2012
    Following a successful trial in 2007, VicRoads has adopted Streams Motorway Management from Transmax as its primary traffic management and control system Throughout the world, the avoidable social cost of traffic congestion continues to rise each year with increased motorisation, urbanisation and population growth. Traffic congestion is responsible for an increase in travel times, vehicle operating costs and carbon emissions. In 2007, VicRoads commissioned Streams Motorway Management for the M1 Monash Freew
    Read More
  • ITS ‘could save Australia US$500 million a year’
    February 22, 2013
    According to Australia’s federal infrastructure and transport minister, Anthony Albanese, an Australia-wide electronic freeway management system has the potential to greatly reduce congestion and save Australian families and businesses more than US$500 million a year. Albanese said as much as he announced the US$21 million contract to deliver an Intelligent Transport System (ITS) and communications infrastructure to the Westgate freeway managed motorway project in Victoria under the national smart managed m
    Read More
  • Blind spot detection and adaptive cruise control systems markets forecast to 2019
    August 15, 2014
    The MarketsandMarkets report, Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market for Passenger Cars; by Geography - Trends and Forecasts 2014 - 2019, indicates that the BSD market will be worth US$2.8 billion and the ADCC market worth US$6.1 million by 2019. The report classifies and defines the automotive BSD and ACC systems market in terms of volume and value. It report highlights potential growth opportunities in the coming years as well as covers review of the market dr
    Read More
  • Global automotive embedded telematics market report
    April 24, 2014
    Research and Markets latest report, Global Automotive Embedded Telematics Market Report, forecasts the global automotive embedded telematics market to grow at a CAGR of 35.81 per cent over the period 2012-2016. The increasing global demand for telematics is one of the key factors contributing to the growth of this market. T he global automotive embedded telematics market has also been witnessing a decrease in the average price of original equipment manufacturers’ automotive embedded telematics equipment.
    Read More

Highlighted Content