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GII Releases Findings on Intelligent Transportation Systems, Commercial Vehicle Telematics

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GII Releases Findings on Intelligent Transportation Systems, Commercial Vehicle Telematics


November 09, 2012

By Shamila Janakiraman, TMCnet Contributor

Global Information (News - Alert) Inc. released the findings of market research reports that cover the global markets for intelligent transportation systems (ITS) and commercial vehicle telematics.

An information service company, Global Information Inc., or GII, partners with more than 300 research companies for the distribution of technical and market research reports.

Intelligent transportation systems (ITS) are leveraged to enhance public transport and traffic management in order to reduce traffic congestion and make driving safe. ITS helps coordinate and make smarter use of transport networks. Although infrastructure, like roads and bridges, are built by governments, the development of intelligent vehicles, stations and services is undertaken by private and public enterprises.

The ITS solutions developed to optimize traffic management and passenger information will reduce traveling time and improve flexibility of public transportation facilities. The intelligent transportation system for public transport is in the development stages in Europe and some other parts of the world.

The market value of ITS used in public transport operations in Europe was worth nearly $1 billion in 2011, which is expected to grow to $1.9 USD billion by 2016. The implementation will include deployment of on-board computer units with GPS location functionality and wireless communication in buses and trams. The demand for real-time information is met by using smartphone-based solutions in public transport ITS.

INIT, Trapeze Group and IVU are some companies providing these solutions in Europe.  Ineo Systrans and Vix are local companies in the fray. The GII research on the intelligent transportation market reveals that the European public transport ITS market is positive with fresh developments.

The global commercial vehicle telematics market is predicted to grow at a CAGR of 9.09 percent in terms of revenue over the period 2011-2015. The need for fleet tracking and trailer tracking system subscriptions will help in this growth of the commercial vehicle telematics market. Although cloud-based telematics solutions are in demand now, the high cost of implementation is a hurdle dampening market growth.

The GII report on the global commercial vehicle telematics market landscape discusses the growth prospects of the industry and key vendors including Qualcomm (News - Alert) Enterprise Services, AirIQ, MiX Telematics and OnStar Corp.

Recently, GII reported that wireless communications is experiencing growth across all platforms. While person to person communication is still growing, M2M (machine-to-machine) communications with consumer electronics, intelligent building and smart cities is still in its infancy, but growing at a very fast rate.

Edited by Brooke Neuman

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