103The Future of Intelligent Transport Systems. http://dx.doi.org/10.1016/B978-0-12-818281-9.00009-7
Copyright © 2020 Elsevier Inc. All rights reserved.
Chapter 9
Impact of ITS advances on the
industry
9.1 Introduction
According to the forecast of Grand View Research for the ITS Market for the
period 2019–25 (Grand View Research, 2019), the value of the global market
is expected to have an average growth rate of 10.5% on its 2018 value of 25.5
million US dollars. With the main requirement being the delivery of information
to drivers and passengers, for safety and smart mobility reasons, companies and
organizations have invested millions in V2V and V2I communication systems,
as well as in smart technologies that can be on-board of vehicles. According to
the same study, the use of the public transport system is also expected to grow,
Europe, and North America will increase safety regulations and Asia Pacific
will have major government investments on ITS.
Key players from around the world are putting forces to stand ahead in the
competitive market and contribute with novel systems for ticketing and park-
ing management, for traffic supervision and management, for vehicle autono-
my and safety. All these novelties consequently affect the automotive industry,
which aims in better vehicles that support the advances, and indirectly the semi-
conductor industry that is the pillar where automation, sensors, and actuators,
smart and embedded systems are standing. The effect in the ITS industry overall
is significant, starting from hardware and moving on software and communica-
tions, which in essence leads to a major digitization step.
9.2 Increasing levels of human-centered automation in ITS
will drive the worldwide economy
No doubt, the next steps in different industrial domains will be toward higher
automation levels, where machines take increasing responsibilities and never-
theless seamlessly collaborate with humans. This holds true in future industrial
production systems (e.g., collaborative robots), in healthcare (e.g., assistance
robots), and especially in the ITS domain (Fig. 9.1). In the latter, the roadmap
toward full automation (SAE Level 4) and autonomous driving (SAE Level 5)
are quite detailed.