An intelligent transportation system is a cutting-edge programme whose main goal is to give consumers access to cutting-edge services for managing traffic and various types of transportation. Also, it delivers better, more streamlined, and safer transportation networks. Wireless technology developments that allow for the sharing of real-time data are crucial to the successful creation and implementation of connected vehicle systems. Multi-modal data transfer is ensured by wireless technologies like DSRC, 3G, and 4G mobile networks, which also enhance the interoperability of transportation networks.
The worldwide Intelligent Transportation Systems (ITS) market was estimated to be worth US$ 3,634.1 Mn in 2021 and is anticipated to expand to US$ 9,977.9 Mn by 2030, with a CAGR of 21.1% between 2022 and 2030.
Leading Companies in the Intelligent Transportation Systems (ITS) Industry:
1. Siemens AG.
The technological business Siemens AG (Siemens) was established on October 1st, 1847. Its operations cover the automation, digitization, and electrification domains. The business creates, develops, and produces items as well as installs sophisticated systems and projects. It also offers a variety of specially designed solutions for different needs. Siemens specialises on distributed energy systems, intelligent building infrastructure, and power generation and delivery. It offers digital healthcare services, medical technology, and smart mobility solutions for the rail and road transportation industries. Siemens has locations for its production facilities, warehouses, and sales offices all around the world. It provides services to clients in a range of sectors, including manufacturing, infrastructure, process and energy. Munich, Bavaria, Germany serves as the home base for Siemens.
2. TomTom NV.
TomTom NV (TomTom) was established in 1991 and creates and develops navigation and mapping solutions. Products include mapping technology, road analytics, automated driving technologies, APIs and SDKs for automakers, GPS sports watches, and location-based data and services for bikers, swimmers, and runners. Its product offerings also include navigation software and applications. Moreover, it offers cloud-based tools for building location-based software for businesses and the public sector. Also, the business offers travel data, such as static and dynamic information on off-street parking, on-street parking, petrol stations, EV charging stations and speed cameras. It offers its goods and services to commercial establishments as well as to the telematics, automotive, and government sectors. The Netherlands' capital of Amsterdam is where TomTom is based.
3. Hitachi Ltd.
A worldwide company with operations in electronics, electrical systems, social infrastructure, industrial systems, and construction equipment, Hitachi Ltd. (Hitachi) was founded in 1910. Construction machinery, electronic systems and equipment, automotive systems, information and telecom systems, power systems, social infrastructure and industrial systems, smart life and eco-friendly systems, and construction machines are all produced and sold by the corporation. Manufacturing, communications, banking, healthcare, life science, government, energy, transportation, auto, aerospace, nuclear, and technology industries all use its goods and services. Throughout Asia, North America, and Europe, it does business through subsidiaries, joint ventures, associates, and affiliates. Chiyoda-Ku in Tokyo, Japan, serves as the home office for Hitachi.
4. Thales Group.
Thales SA is a holding company that produces, markets, and sells electronic systems and equipment for the military, naval, and aerospace industries. Defense and Security, Digital Identity and Security, Aerospace and Transport are its three main operating segments. The land, air, marine, space, and cyberspace domains are among those for which the defence and security segment builds and provides systems. For both private and public customers as well as some digital enterprises, the Digital Identity and Security division creates digital identification and security solutions. The Global Business Units for Avionics and Space are included in the aerospace category. The Transport division provides rail signalling and control systems, passenger payment collection solutions, and ground transportation systems and services to transport infrastructure managers and operators. The business was established in 1893 and is headquartered in Paris, France.
5. Kapsch TrafficCom AG.
Kapsch TrafficCom AG (Kapsch), a subsidiary of Kapsch Group and founded in 1892, creates, develops, and provides electronic toll collection systems. The business provides traffic management solutions for parking management systems, traffic safety and control, and electronic access systems. Kapsch provides goods and services for linked mobility, advanced traveller information, emergency systems, traffic optimisation, traffic analytics, mobility operation, decision intelligence systems, and advanced vehicle information. Together with system monitoring, upkeep, and enhancement, it also offers innovative traffic control solutions in a number of nations. Throughout the Americas, Europe, the Middle East, and Asia-Pacific, it is operationally present. The headquarters of Kapsch are in Vienna, Austria.
6. Garmin Ltd..
The global positioning system technology is used in the navigation, communication, and information devices and applications that are offered by Garmin Ltd. The five business divisions of the corporation are automotive and mobile, aviation, marine, outdoor activities, and fitness. The Automotive and Mobile section provides items for automobile navigation, such as cellphones with navigation apps, motorcycle-specific navigators, and personal navigation systems. The Outdoor segment deals with portable GPS receivers and accessories, such as lightweight training aids for athletes, integrated personal training systems made for cyclists, handheld GPS navigators with built-in mapping, handheld two-way family radio service and general mobile service, as well as outdoor handheld devices for hikers, geocachers and other outdoor enthusiasts, handheld GPS for golfers and GPS-enabled dog tracking systems. The fitness market provides athletes small, light training aids with GPS integration.The company was founded in July 2000 and is headquartered in Schaffhausen, Switzerland.“
7. EFKON.
One of the top suppliers of traffic telematics, electronic toll collection, and intelligent transportation systems (ITS) in the world is EFKON AG. EFKON offers specialised turnkey solutions and has extensive knowledge of all essential electronic tolling technologies.
Austria's Raaba/Graz serves as the headquarters of EFKON. The operations of EFKON are international, with significant contributions from Asia, Europe, and Africa. Ireland, Malaysia, South Africa, India, South Korea, and Pakistan all have branches and joint ventures. In 1994, EFKON AG was established. One of Europe's top construction corporations, STRABAG, holds a controlling stake in EFKON.One single smart card can be used to pay for stop/go tolls, non-stop tolls, parking lots, public transportation, and other payments in the high-speed mobility environment. Multi-lane free-flow toll systems, derivatives (like wide area road pricing based on satellite positioning and mobile enforcement or section speed control systems), and multi-application payment systems.
8. Nuance Communications, Inc.
Conversational artificial intelligence products are offered by Nuance Communications, Inc., a company established in 1992. To boost human intelligence and promote productivity and security, the company provides systems that recognise, examine, and react to it. In the fields of healthcare, financial services, telecommunications, government, and retail, Nuance collaborates with businesses all around the world. AI conversational and consumer interaction platform provider. It provides mobile and Desktop voice recognition solutions. It offers solutions for healthcare recordkeeping, auto infotainment, and classroom instruction. It serves sectors including healthcare, telecommunications, transportation, financial services, and retail. The system includes components for voice recognition, communications, fraud authentication, and AI-based health care management. Burlington, Massachusetts is home to its headquarters.
*Definition: An intelligent transportation system is an advanced application, whose primary objective is to provide innovative services related to different modes of transportation and traffic management and allow users to be well-informed.
