According to a new report from 5644 Pike Research, ITS will see increased investment in coming years even as government budgets are tightening, because smart transport is seen as a way to maximise existing transportation systems without making major new capital investments. The company forecasts that global investment in smart transportation systems will total US$13.1 billion between 2011 and 2017.
“Most of this investment will be in intelligent traffic management systems, as this is the sector with the broadest range of potential applications,” says senior analyst Lisa Jerram. “It is also the sector that is applicable for all cities. Those in the developed world are starting to deploy technology for traffic management, monitoring, and demand management. Cities in emerging markets will incorporate ITS as they build out their transportation infrastructure.”
The Pike Research report, Smart Transportation Systems, focuses on four key smart transportation sectors: traffic management systems, smart charging for plug-in electric vehicles, public transportation systems and vehicle-to-vehicle systems.
“Most of this investment will be in intelligent traffic management systems, as this is the sector with the broadest range of potential applications,” says senior analyst Lisa Jerram. “It is also the sector that is applicable for all cities. Those in the developed world are starting to deploy technology for traffic management, monitoring, and demand management. Cities in emerging markets will incorporate ITS as they build out their transportation infrastructure.”
The Pike Research report, Smart Transportation Systems, focuses on four key smart transportation sectors: traffic management systems, smart charging for plug-in electric vehicles, public transportation systems and vehicle-to-vehicle systems.
