The Australia Intelligent Transport System Market is estimated to reach $1,130.2 Million by 2020 at a CAGR of 14.41% between 2015 and 2020.

The report also identifies drivers, restraints, opportunities, and current trends for the ITS Australia market. Apart from the market segmentation, the report includes the critical market data and qualitative information for each technology type along with qualitative analyses such as the Porter’s five force analysis, industry breakdown analysis, and value chain analysis.

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Major players in the ITS Australia market include the Thales Group (France), Redflex Holding Ltd. (Australia), Vix Technology (Australia), Kapsch TrafficCom AG (Austria), and Sigtec Pty Ltd. (Australia). Several recent expansions and acquisitions, new product launches, and contracts among other strategies are discussed in the report.

ITS Australia market refers to information and communication technologies applied in transport infrastructure and vehicles for improved mobility, safety, and sustainability. It improves transport outcomes and traffic management such as transport productivity, transport safety, travel reliability, and reduced traffic congestion.

Australia Intelligent transportation systems market report is segregated based on systems, applications, and territorial regions. Applications in fleet management and asset monitoring, collision avoidance systems and parking availability systems are expected to drive the market. This is due to investments by central and local governments to improve transportation systems and reduce congestion by adopting new technologies. This report is based on system types such as advanced traffic management system, advanced traveler information system, ITS-enabled transportation pricing system, advanced public transportation system, and commercial vehicle operation.

Intelligent transportation systems have successfully been applied in transportation and traffic management systems. With the demand for continuous improvement in transportation systems, the ITS Australia market is expected to have a wide scope of applications in areas such as fleet management and asset monitoring, traffic monitoring systems, collision avoidance systems, variable traffic management signs, parking availability systems and traffic enforcement cameras.

Territory wise, the market has been segmented into New South Wales, Victoria, Queensland, Western Australia, and the Rest of Australia. New South Wales accounts for a large market share followed by Victoria and Queensland. The market in Western Australia is expected to grow at the highest rate during the forecast period. The Rest of Australia region which includes cities such as Adelaide and Hobart accounts for a small market share at present; however, it is expected to grow during the forecast period due to the increasing requirement of ITS in this region. Hence, the subsequent need for ITS is expected to rise in Australia.

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Key drivers for the intelligent transportation systems ecosystem in Australia are increasing government funding and support and the need to reduce congestion and increase road safety. This market, in spite of its exceptional demand, has some restraints in terms of its growth; the key restraints are the lack of interoperability and standardization, and high installation cost. The demand for smart vehicles and driverless cars can be a major opportunity for this market.