China's Intelligent Transportation System (ITS) applications

Writer： admin Time：2021-10-27 13:59 Browse：℃

China's Intelligent Transportation System (ITS) applications are developing rapidly, and the market size is expected to exceed 400 billion RMB in 2026
 
Although the country's intelligent transportation started late, it has developed rapidly. With the favorable support of policies, technology and demand, intelligent transportation will be widely used in various scenarios, and the construction and operation of intelligent transportation infrastructure and application systems will become increasingly mature. . Comprehensive macro planning and the development of the transportation industry segmentation market, it is estimated that by 2026, the market size of my country's intelligent transportation industry will exceed 400 billion RMB, and the development level of intelligent transportation will be significantly improved.
Intelligent transportation construction covers many aspects
Intelligent Traffic System (Intelligent Traffic System), abbreviated as ITS, also known as Intelligent Transportation System (Intelligent Transportation System). According to the definition of "Intelligent Transportation System (ITS)" in the "Intelligent Transportation System Handbook" issued by the World Road Association, the intelligent transportation system is a general term for the integrated application of communication, control and information processing technology in the transportation system. This integrated application produces The comprehensive benefits are mainly reflected in saving lives, saving time and money, reducing energy consumption and improving the environment.
The construction content of intelligent transportation covers many aspects such as traffic management planning, traveler information services, vehicle operation management, electronic toll collection, smart vehicles, automobile mobile Internet of Things, automatic highways, integrated transportation, emergency events and safety.
 
Chart 1: Construction content of intelligent transportation system(This chart is in Chinese so we will not send it here, the main content is what QCIT Companies are doing now)
China's intelligent transportation applications are developing rapidly
The development of my country's intelligent transportation industry presents the characteristics of strong policy support, rapid application development, increasingly perfect technical standards, gradual landing of scientific and technological achievements, and the beginning of a large-scale intelligent transportation industry.
After the construction and accumulation during the “Tenth Five-Year Plan” to the “Thirteenth Five-Year Plan” period, the intelligent transportation hardware system of cities in the eastern coastal areas and other developed regions has begun to take shape. In addition to the further improvement of the hardware system coverage and performance upgrades, the construction of intelligent transportation will gradually increase Software system upgrade and information service direction transition;
The central and western regions are the areas with the fastest progress in urbanization. The emergence of new urban areas has brought a strong demand for intelligent transportation systems. The generally adopted "one-step" construction method has spawned a large number of overall solution projects.
In 2020, some projects with over 100 million yuan in China's intelligent transportation market are as follows:
 
Chart 2: Some projects with over 100 million yuan in China's intelligent transportation market in 2020 (This chart is in Chinese so we will not send it here, among the list QCIT INFRA is doing two project only, but other new project we are running at present)
The market size of China's intelligent transportation industry exceeds 160 billion yuan in 2020
According to data released by the China Intelligent Transportation Association, combined with the intelligentization of various transportation industries, from 2011 to 2020, the total size of my country's intelligent transportation market will increase from 42 billion yuan to 165.8 billion yuan, showing a clear upward trend, with an annual growth rate Close to 20%. With the continuous advancement of the application of intelligent transportation in my country, the industry as a whole is in a growth period, and the demand for intelligent transportation is growing clearly and has a broad space.
Chart 3: 2011-2020 China's intelligent transportation market scale and year-on-year growth rate (unit: 100 million yuan, %) (This chart is in Chinese so we will not send it here, QCIT noted)
It is estimated that the scale of my country's intelligent transportation market will exceed 400 billion yuan in 2026
Forward-looking analysis believes that, driven by multiple factors such as policy support, technological progress, urbanization, and the continuous increase in motor vehicle ownership, the trend of rapid growth in demand for intelligent transportation has been irreversible, and the scale of my country's intelligent transportation industry will rise steadily. Comprehensive policy planning and the development status of the transportation industry segmentation market, it is estimated that by 2026, the market size of my country's intelligent transportation industry will exceed 400 billion yuan, with an average annual compound growth rate of about 16%.