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The rise in vehicle production has also given rise to problems such as roadblocks, traffic accidents, congested driving lanes, etc. More than 12-hour traffic blocks have become the norm in some major cities, while the number of deaths owing to vehicular accidents has increased over the last few years. Advanced Traveller Information System (ATIS) performs the task of informing drivers about traffic accidents, expected travel times, congestion on freeways & possible alternative routes. The ATIS provides information about the transportation system to the driver to make critical decisions. ATIS is a promising technology for improving the efficiency of urban transportation networks & reducing traffic congestions. ATIS is projected to expand over the forecast period with the need for information regarding basic facilities, bus routes, emergency services, etc. The rise of the smartphone sector is expected to fuel more advancements as most of the real-time information is available directly to the consumer.
Key Market Driver -
Need for reduced traffic jams and information on safer routes, coupled with greater importance of the travel planning sector, is expected to drive the growth of this market.
Key Market Restraint -
High cost of implementation and concerns about theft of traveler’s information are expected to restrain the growth of this market.
Travel planning is a promising sector for the growth of ATIS as it provides people with information about the optimal routes, modes of transportation, places of interest, etc. The high cost of implementation and concerns about theft of traveler’s information are expected to restrain the growth of this market over the forecast period.
The advanced traveler information system globally has been segmented by type into route guidance systems and transit information systems. Route guidance system segment, which assists drivers by providing traffic information, optimal route, travel recommendations,etc., is projected to show significant growth in this market owing to the increased production of vehicles. Transit Information systems segment, which assists public transport passengers by providing information on buses, railways, etc. is also expected to show good growth in this market. By travel modes, the market is segmented into Uni-Modal ATIS And Multi-Modal ATIS. The uni-modal ATIS segment that provides information and assistance based on a single travel mode is anticipated to show steady growth in this market. The multi-modal ATIS segment, support various travel modes such as private (foot, car, bike) and public (bus, train, subway), is projected to show significant growth owing to increased access to remote areas by transportation services. By application, the market is segmented into operator-specific, region-specific, and independent ATIS. The independent ATIS segment, supported by sufficient data, can provide global geographic coverage and expected to show steady growth in this market assisted by existing services such as Google Transit. Region-specific ATIS segment covers a specific geographic region. The operator-specific ATIS segment provides real-time traffic service to a particular public transport or network area. These segments are anticipated to show significant growth in the market as a necessity to provide logistic support to regions with poorly planned road networks and limited access to public transportation.
The major companies in the global advanced traveler information systems market include Siemens AG, Thales Group, Garmin Ltd., Kapsch TrafficCom, Tomtom International, Q-Free ASA, Efkon GmbH, Denso Corporation, Flir Systems, Cubic Corporation, Iteris Inc, etc.
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Geographically, North America holds the largest share of this market and is also projected to dominate this market over the forecast period owing to already developed traveler information systems. Growing drones sector and demand for devices to prevent long traffic jams expected to drive the growth of the ATIS market in this region. Europe is anticipated to show significant growth in this market owing to the need for increased data communication between electric vehicles and increased importance on efficient rail services. Asia-Pacific is a promising market for this technology as a necessity for the reduction in traffic jams, alternatives to the conventional mode of transportation, and better connection to transport networks.
By Travel Mode
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