BOULDER, Colo., Dec 07, 2011 (BUSINESS WIRE –
While the concept of smart transportation systems seems intuitive,
the sector is, in fact, quite broad, encompassing many different domains
of transportation (e.g. , passenger vehicles, roadways, vehicle chargers,
and transit fleets controlled by various agencies or private entities
and designed to achieve a range of policy and operational goals. The
key enabling factor is embedded intelligence, which allows the vehicle
or infrastructure to communicate with other transportation assets and to
respond to outside management and external conditions. Cities,
transit operators, fleet managers, and other owners of transportation
assets see smart transportation technologies as tools to help them
enhance mobility, reduce fuel consumption and emissions, improve safety,
and strengthen economic competitiveness. According to a new
report from Pike
Research, smart transportation systems, also sometimes
known in the industry as intelligent transportation systems (ITS, will
see increased investment in coming years even as government budgets are
tightening, because smart transport is seen as a way to maximize
existing transportation systems without making major new capital
investments.
The cleantech market intelligence firm forecasts that global
investment in smart transportation systems will total $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, and cities 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. »
Cities can implement such systems to enhance basic operations
management — ensuring that the traffic systems they have in place are
optimized — or they can adopt initiatives to manage demand and increase
usage of public transit and other alternatives to private, internal
combustion vehicles. Strong political leadership is
required for the creation of comprehensive, multimodal transportation
management systems, and more sophisticated forms of ITS — such as
vehicle-to-vehicle (V2V safety technology and smart electric vehicle
chargers that enable charging to be scheduled based on the time of day,
grid conditions, or the cost of electricity — are likely to be deployed
incrementally toward the end of the forecast period.
Pike Research’s 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. The study provides a
comprehensive examination of market drivers for smart transportation
infrastructure investment, including an assessment of the various
approaches being taken in key countries around the world. Key
industry players are profiled and market forecasts for each region are
provided through 2017. An Executive Summary of the report
is available for free download on the firm’s website.
Pike Research is a market research and consulting firm that
provides in-depth analysis of global clean technology markets. The
company’s research methodology combines supply-side industry analysis,
end-user primary research and demand assessment, and deep examination of
technology trends to provide a comprehensive view of the Smart Energy,
Smart Grid, Smart Transportation, Smart Industry, and Smart Buildings
sectors. For more information, visit
www.pikeresearch.com
or call +1.303.997.7609.
SOURCE: Pike Research
Pike Research Richard Martin, +1 303-997-7609 press@pikeresearch.com
Copyright Business Wire 2011
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