Intelligent Transportation System

Intelligent Transportation System

An Intelligent Transportation System(ITS) is a very distributed set of technologies that, when applied to the current transportation system, can help improve safety, decrease congestion, enhance mobility, reduce environmental impact, save energy, and increases economic productivity basically, they are the interconnection of various information systems designed to capture, communicate, compute, and aid decision-making, enabling proper management of vehicle flow and transportation means with the integration of technologies such as the Internet, electronic data exchange, wireless communications, computer technology, programming, and technologies intended to collect and analyze the necessary information.

The Intelligent Transportation System market is expected to grow at a significant CAGR of around 7% during the forecast period owing to the rising traffic on the roads and high logistics movements. Furthermore, with the installation of sensors, information processors, communication systems, roadside messages, GPS updates, and automated traffic prioritization signals, ITS opens up vast areas of applications like Advance traffic management systems, advanced traveler information systems, advanced vehicle control systems, advance public transportation system, advance rural transportation system, and advance commercial vehicle operations system which has increased the significance of ITS for both citizens as well as city administrations, where it provides safety and comfort and saves lots of time of the citizens whereas it provides easy maintenance and surveillance to city administrators and hence cities across the world are increasing investments in installations of some kind of ITS to their infrastructures. For instance, on August 2022, Egypt Giza Systems announced that it has won the tender for the development of the integrated model of the transportation system and smart traffic in the New Administrative Capital for the urban communities for the first time in Egypt which will help to achieve quick responses to traffic accidents, congestion reduction, optimal enforcement of traffic laws, improving traffic, and obtaining statistical and analytical reports that will help in optimal use of the infrastructure which will lead to increase economic efficiencies.

• Based on modes of transport, the market is segmented into Roadways, Airways, waterways, and Railways. Out of all, Roadways ITS and Aviation sector ITS are one of the highest growing segments because of the fact that ITS is an array of technologies that connects the vehicle and the infrastructure with a central control system fulfilling the purpose of improving the flow efficiency of the traffic, reduce congestion on the driveways, prevent accidents which in turn prevents the loss of life or economic losses, and provide drivers with real-time pieces of information on road conditions, weather conditions, etc. Additionally, the system also facilitates motorists with information about hazards and incidents, the speed at which they are driving and does it comply with the laws in the province in which they are in, and provides optimal routes. Moreover, ITS plays a very significant role in the aviation sector as well and many advanced technologies such as artificial intelligence, 5G technology, and edge computing are being used and are in huge demand as they can increase the operational efficiency of the aviation sector. For instance, on February 2023, Rome Fiumicino Airport(FCO), announces the installation of smart tech screening equipment, C3-standard Explosive Detection System Cabin Baggage (EDS-CB) screening equipment - designed by Smiths Detection, that performs CT scans which will enable the customers to now carry liquids even more than 100ml in their hand luggage, as well as computers, tablets, and mobile phones without having to remove them from the luggage making faster, more efficient, and convenient boarding experience.
• Based on type, the market is segmented into mobility ITS, safety ITS, and environment ITS. Out of all these the safety ITS is going to grow at a significant CAGR owing to the fact that, one of the main features of the ITS is connected vehicles and its safety application, will enhance the driver’s ability to have 360-degree awareness of hazards and situations that’s happening in the blind spot which they cannot even see. Moreover, through in-car warnings, drivers will be alerted to imminent crash situations, such as close approaching trucks at high speeds, cars in the driver’s blind spot, or when a vehicle ahead brakes suddenly, with the infrastructure also communicating with the vehicle drivers will be alerted when they are approaching any school zone, if workers are on the roadside, or if an upcoming traffic light is about to change. Furthermore, in case of any incident of a crash or accident, ITS can identify the location and provide warnings about the areas to other drivers, reducing the risk of secondary accidents, also it can inform the authorities and nearest paramedics that are available hence reducing the response time and increasing the chances of survival of the person involved in the crash.
• Based on deployment type, the market is bifurcated into intelligent infrastructure and intelligent vehicles. Though both segments work in synchronous, but nowadays vehicles are already coming with some form of ITS technologies pre-installed in them by the OEMs like GPS navigations, internet connectivity, and some form of drive assists and parking assistance. Moreover, with the development of autonomous vehicles with collision avoidance systems are also on the rise, but the need of the hour is the development of intelligent infrastructure which can communicate with the vehicles as well as the drivers in order to efficiently manage the traffics on the roads, or highways and avoiding traffic congestions and keeping the free flow of traffic ongoing which is becoming a very daunting task with the rising urbanization, leading to the increasing number of vehicles on the roads and increasing logistics movements, hence the demand for the ITS systems that makes infrastructure intelligent is going to grow at the significant CAGR, as intelligent infrastructure opens up a broad range of applications such as freeway management, transit management, incident management, emergency management, electronic payment and pricing, traveler information, crash prevention and safety, roadways operation and maintenance, commercial vehicle operation management, and intermodal freights. For instance, in India, with the installation of FAStag, an electronic payment and pricing system for collecting tolls has increased toll collection to about USD 20 billion between April 2018 to December 2022, which has been highest and has been possible due to increased efficiency in toll collection with the installation of the electronic payment system.
• For a better understanding of the market adoption of the Intelligent Transportation System, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The Intelligent Transportation System market in the Asia Pacific region held the largest market share with countries like Japan, South Korea, Singapore, and Australia leading in ITS. Owing to reasons like an increase in the number of cities due to the urbanization effect the cities are getting densely populated hence traffic management is getting very difficult, hence countries started implementing ITS, which uses data collection to keep road traffic running safely and smoothly with the installation of ITS systems like electronic road pricing(ERP), expressway monitoring and advisory system, etc. Furthermore, with rising per capita income of the consumers in emerging markets like China and India and with governments’ heavy capital expenditures on the infrastructure of roads, railways, and airports are further going to boost the demand for intelligent transport systems like electronic payments and pricing and traveler information which is also currently deployed in Indian railways where passengers get real-time information about their trains in which they are traveling and the technology keeps on getting more and more advanced. For instance, on March 2023, the center of railway information system (CRIS), has announced a project in collaboration with the Indian Space Research Organization(ISRO), which will enable real-time tracking of train movements with the assistance of satellite imagery under real-time train information system(RTIS) project, Real-time tracking of trains prove to be very useful during accidents, floods, and landslides when there is an urgent need to exactly know the location of the train for rapid response and help. Almost, 4,000 locomotives have been installed with the technology, and new locomotives that are being manufactured come pre-installed with the tracking devices.
• Some of the major players operating in the market include Intel Corporation; Siemens; MITSUBISHI HEAVY INDUSTRIES, LTD; Johnson Controls; Drivewyze; AECOM; Sumitomo Electric Industries, Ltd.; Hayden AI Technologies, Inc.; CGI Inc; Clever Devices Ltd