The Intelligent Transport Systems Market was valued at USD 22.96 billion in 2020, and is expected to reach a value of USD 30.70 billion by 2025, at a CAGR of 6.3 % over the forecast period.
Major lead role in intelligent transport systems contains Thales, Siemens, Garmin, Kapsch Trafficcom, Tomtom International, Cubic, Q-Free, Efkon, Flir Systems, Denso, Geotoll, Electricfeel, Doublemap, Bestmile and Nutonomy.
In March 2020, TomTom, Toyota Research Institute - Advanced Development, Inc. (TRI-AD) (Japan), and DENSO (Japan), announced a successful proof of concept demonstrating a fast high definition (HD) map-building method for roads, essential for safer autonomous driving.
Thales- Oct 2020 The ARGOS innovation partnership launched by SNCF Reseau in 2018 to develop and deploy a new generation of computer-controlled signal interlockings is ready to move to the next level. For 18 months, as part of a multi-awardee partnership, teams of experts from SNCF Réseau and four industry consortia have been exploring technical solutions to find the best way to improve SNCF Reseau’s traffic management performance and reduce its operating costs. Computer-controlled interlockings play a crucial role in the safety of rail transport by controlling points and signals in a given area. Many interlocking boxes in service today are old or rely on obsolete technology and are therefore due for replacement. The ARGOS computer-controlled interlockings now under development will upgrade these electro-mechanical, electrical or purely mechanical systems to digital technology.
New innovations and solutions have led to an increase in data generation with transport operators typically generating data, and technology companies processing and using data. Representatives from across the transport industry – including road, air, maritime, rail, manufacturing and logistics have issued a call for European decision makers to adopt an EU framework on the governance of business-to-business (B2B) data that ensures a level playing field for all partners in the digital economy. In a joint statement sent to EU decision makers, UITP, alongside other associations representing both the freight and passenger transport sectors – CER, IRU, A4E, ESC, ECSA, ACEA and CLEPA – call for the establishment of an EU framework on the governance of B2B data.
Siemens new technology the new FUSION system uses richer data sources from a variety of transport modes, including data from connected vehicles and buses. With flexible, policy-driven adaption techniques, FUSION improves on the SCOOT philosophy of minimising vehicle delay and stops, by optimising signalised junctions and pedestrian crossings based on all road users’ needs. Developed by Siemens Mobility in collaboration with Transport for London (TfL) and supported by the University of Southampton, FUSION enables all modes of transport to be modelled and optimised in a way that responds to the challenges that cities such as London face, such as cleaning up toxic air, making walking and cycling easier and safer and delivering a reliable and sustainable public transport system.
Intelligent Transport takes an in-depth look at the technologies, policies, collaborations and discussions that are helping to safeguard public transport operations both today and as the world transitions into a new normal. Philip Gerhardt, General Manager – Route Performance, Arriva London, details the changing nature of traditional bus operators amid digital transportation, and the increasing size of the grey area that’s subsuming operators and tech firms.
Segmentation of market emphases on based on the type ATIS, ATMS, ATPS, APTS and EMS. Based on application it has been Fleet Management and Asset Monitoring, Intelligent Traffic Control, Collision Avoidance, Parking Management and Passenger Information Management. On the basis of region it has been spread over North America Europe, Asia-Pacific and Middle East & Arica. North America is the most advanced market for ITS. The region is equipped with several ITS systems in place, in order to manage the increasing traffic and public transportation system. The region is witnessing exponential growth in the sales of commercial drones, along with countries like the United States imposing strong laws on drone pilots and registrations. Hence it is expected to create a huge demand for ITS systems in the airways sector over the forecast period.