Key Report On The Global Market For Intelligent Transport Systems And Services (Itss) Charts Positive Future For Uk Transport Safety, Efficiency And Sustainability

WESTMINSTER, United Kingdom – December 10, 2008: The report of this key global study was launched by Professor Brian Collins, chief scientific advisor to the Department for Business, Enterprise & Regulatory Reform (BERR) and the Department for Transport (DfT), at a press conference held at the Institution of Mechanical Engineers, 1 Birdcage Walk, Westminster

On formally announcing the publication of ‘Market Analysis of the Intelligent Transport Systems and Services (ITSS) Sector’, Professor Collins said: “I welcome this valuable report and the in-depth analysis it contains. This is exactly the right time to stimulate thinking about ways of making better use of existing infrastructure and deploying available ITS technologies and services to deliver safer and more efficient, effective and sustainable transport outcomes for individuals, for businesses and for network operators.”

The purpose of ‘Market Analysis of the Intelligent Transport Systems and Services (ITSS) Sector’ is to provide an improved understanding of the commercial, technological and political dynamics of the global, European and domestic ITSS markets. It was prepared by the Intelligent Transport Systems Knowledge Transfer Network (which is operated by innovITS) in response to the request from the Technology Strategy Board, an executive non-departmental public body established by the UK Government in 2007. The analysis contained in the report is supported by data provided by a range of organisations including ABI Research and Frost & Sullivan. The study examines information on the market structure, drivers and constraints, market trends and growth predictions, major projects, leading vendors and regulatory impacts in key ITSS sectors. Overall, it is concluded that the potential growth in the global ITSS market is such that by 2020 it will have tripled in market size (to US$65 billion) in comparison with a 2005 baseline. Crucially, the report also sets out an in-depth analysis of UK positioning including detailed ‘SWOT’ analysis of the UK in this market, providing actionable information for policymakers and organisations wishing to exploit the rapid development of ITSS technologies and applications in an effective and globally competitive manner.