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

  • Growth of South Africa’s installed base of fleet management systems
    December 24, 2015
    According to a new research report from the analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in South Africa was 0.9 million in Q4-2015. Growing at a compound annual growth rate (CAGR) of 10.8 percent, this number is expected to reach 1.5 million by 2020.
    Read More
  • Australian road pricing, road funding needs more debate
    January 31, 2012
    Everyone in the road transport industry in Australia is talking road pricing - everyone, that is, except the politicians. Christine Keyes reports. At the end of 2008, Australia's road transport industry was wringing its collective hands, unable to raise more than $100 million from an individual bank for any Public Private Partnership (PPP). The A$750 million Peninsula Link project, announced by the Victoria Government in March 2009, was the first road project in the country to be put out to market as an ava
    Read More
  • Rating agency Standard and Poor Tolling sees a bright future for tolling
    September 6, 2017
    Few disruptions appear on the horizon for global toll road operators, with the US poised to become a better bet for major investment, according to ratings agency Standard and Poor’s (S&P’s) Global Ratings’ 2017 report, which rates toll road operators according to their ability to raise capital. The outlook is generally stable for business conditions and credit quality for toll roads worldwide. One positive exception is the US where the overall outlook is ‘positive’ as S&P expects traffic growth to increase
    Read More
  • ITS Australia welcomes heavy vehicle smart technology trials
    May 10, 2013
    New funding of US$1.7 million recently announced by the Federal and New South Wales Governments for trials of Cooperative Intelligent Transport Systems (C-ITS) technologies has been welcomed by Intelligent Transport Systems Australia. The Heavy Vehicle Safety and Productivity Program funds provide for pioneering projects involving heavy vehicle to infrastructure communication technologies to make roads safer.
    Read More

Highlighted Content