A recent report from Pike Research suggests that smart transportation systems will see increased investment in coming years as governments try to maximize existing transportation systems without making major new capital expenditures.
The company says the hallmark of smart transportation is embedded intelligence: technology that enables vehicles or infrastructures to communicate with other transportation assets and to respond to outside management and external conditions. Pike Research notes that 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.’
Because of this emphasis on progressive transportation strategies, the company is forecasting that global investment in smart transportation systems will total more than $13 billion between 2011 and 2017.
An executive summary of the report is available for download HERE.