Intelligent Transportation System – A step towards smart cities
Technology advancements such as IoT, AI, connected Vehicles, telematics and infotainment has enforced the quick adoption and deployment of highly advanced Intelligent Transportation System (ITS)
Intelligent Transportation System (ITS) is gaining high pace adoption in many countries especially China and other Asian countries owing to the burgeoning vehicle ownership. The deployment of Intelligent Transportation System (ITS) has reduced traffic congestion to large extent and subsequently increased the vehicle efficiency. Moreover, the benefits of ITS also includes the enhancement of safety, traffic efficiency, time saving, and reduced fuel consumption. Technology advancement has further boosted the growth of Intelligent Transportation System (ITS) market. Several technologies for managing and monitoring traffic are used to facilitate the transportation system. These includes wireless communication, navigation, traffic signal control systems, real time traffic management, vehicle speed recognition, vehicle number plat recognition, parking guidance system, etc.
Electronic Toll Collection (ETC), Ramp Meter, traveler information system, Traffic Signal Co-ordination (TSC), Transit Signal Priority (TSP) and Red light camera are some of the ITS technologies already being deployed in many countries. Government organizations are taking initiatives to develop and implement Intelligent Transportation System (ITS) in prime areas to prevent crashes, reduce traffic congestion, and CO2 emission.
Increasing demand for vehicle computation and real time operating systems has driven the growth of Intelligent Transportation System (ITS). The penetration of Artificial Intelligence (AI) and other embedded software platforms is the most popular trend in Intelligent Transportation System (ITS). Competition has raised in the industry to enhance the ITS products and sensor capabilities and increase the market share. Technology companies and sensor providers are jointly working and undertaking government projects to develop and deploy highly efficient systems.
M14 Intelligence’s research study on Intelligent Transportation System (ITS) offers you the global market scenario and future growth prospect of the industry. Our exhaustive market outlook provides you with true industry sentiments about the Intelligent Transportation System (ITS) technology and helps you identify the major pain points in the business.