How Intelligent Transportation Systems Reshaping the Future of Transportation Industry

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Intelligent Transportation Systems

An Intelligent Transportation System (ITS) is an innovative application that aspires to provide creative services associated with various forms of transportation & traffic management. It lets users obtain information ahead of time and make safer & more coordinated & thoughtful use of transportation networks.

The term “ITS” refers to a wide variety of wireless and traditional communications-based information and electronic technologies that include various components, such as sensors, a processing unit, a GPS, a communication channel, and traffic prioritization signals. As India’s logistics & mobility needs are expanding, these systems are witnessing an upward demand trend across the country. And a recent research study by MarkNtel Advisors has cited that the India Intelligent Transportation System Market is set to record around 16% CAGR during 2022-27.

Most of the market expansion would be propelled prominently by the improving economic conditions of India, owing to which more and more people are showing a greater interest in private car ownership. It, in turn, has led to a rapid rise in road accidents across the country, thereby augmenting the demand for Intelligent Transportation Systems (ITS) to mitigate such incidents.

Key Benefits and Government Initiatives associated with ITS

Increased awareness regarding advanced transport safety mechanisms to ensure the safety of consumers & enrich them with prior traffic information is boosting the appeal of ITS in India. These systems that are being installed systematically across different locations in the country provide accident detection and trigger alerts for the prompt arrival of an ambulance within 15 minutes.

Various government projects, such as the Collaborative Intelligent Transportation Systems Endeavor for Indian Cities (InTranSE) to enhance the country’s traffic scenarios, are projecting a broad scope for the implementation of advanced ITS solutions in the country.

As the IoT (Internet of Things) is being evolved & integrated into ITS, it is delivering benefits like communication between vehicles using sensor data for adequate traffic management. Sectors like railways, roadways, airways, and seaways, the prominent end-users of these IoT-based ITS solutions, are expanding their transportation, tracking, & deliveries of products across different locations.

The Future of Transportation is Here

Numerous ongoing & upcoming construction projects related to smart cities cite an increasing need for improved & efficient transportation management, i.e., leading to an increasing ITS utilization that converts numerous things into valuable insights. In addition, a rapid shift toward collecting data related to vehicle efficiency, telematics, tire wear & tear, and vehicle performance is likely to accelerate IoT developments in ITS in the coming years.

Since India’s road network is the world’s second-largest, roadways are set to become the most prominent end-user of ITS in order to facilitate improved road transportation, which, in turn, would create new avenues for companies to expand their production & distribution facilities to meet the ever-growing demands in the future.

The government of India is providing significant funding to several ITS initiatives taken by companies. Furthermore, the rapid expansion of the tourism sector in the country is also likely to accelerate the demand for ITS solutions and, in turn, fuel the overall growth of the intelligent transportation system industry in the coming years.

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