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(Telematics Wire) Intelligent Transportation System (ITS) Market to see 5%+CAGR to hit US$34 Billion by 2025

Hyundai Mobis invests in China’s Deep Glint
Posted: 14 Mar 2019 04:53 AM PDT
Hyundai Mobis is accelerating for a full-scale collaboration with high-tech companies to become a global technology leader by reinforcing its competence in core technologies for future automotive vehicles. In this line the company announced equity investment of to USD 5 million in China’s Deep Glint, to build a strategic partnership.



Ridlr and NMMT jointly enable cashless and convenient mobility solution
Posted: 14 Mar 2019 04:21 AM PDT
Ridlr has partnered with the NMMT (Navi Mumbai Metropolitan Transport) and HDFC Bank to announce the launch of “Navi Card” – a RuPay National Common Mobility Card (NCMC).



LENSEC announces fleet management in Perspective VMS
Posted: 14 Mar 2019 03:53 AM PDT
LENSEC has announced the release of next generation software, including fleet security management as a new software feature. Since 2009, LENSEC has helped security integrators serve fleet customers with legacy software. Perspective VMS® provides a hardware-agnostic version of security management using modern megapixel cameras and hardened network video recorders on board vehicles.



Cohda supplies V2X hardware and software for Smart Pedestrian Crosswalk solution
Posted: 14 Mar 2019 02:39 AM PDT
Cohda Wireless has been selected by Bercman Technologies to provide the V2X hardware and software for its newly launched Smart Pedestrian Crosswalk solution.



I.D. Systems to acquire Pointer Telocation
Posted: 13 Mar 2019 11:44 PM PDT
I.D. Systems and Pointer Telocation have entered into a definitive agreement whereby I.D. Systems will acquire all of the outstanding shares of Pointer in a cash and stock transaction valued at approximately $140 million. The Company will be rebranded PowerFleet, Inc.



Intelligent Transportation System (ITS) Market to see 5%+CAGR to hit US$34 Billion by 2025
Posted: 13 Mar 2019 11:06 PM PDT
According to a new research report by the market research and strategy consulting firm, Global Market Insights, Inc, the Intelligent Transportation System (ITS) Market worth over $34bn by 2025.ITS market growth is attributed to the increasing emphasis on smart city & smart transportation development initiatives by government agencies, aggressive R&D in autonomous vehicle technology, and rapidly increasing vehicle production demanding effective traffic management solutions. Also, government agencies around the world are establishing strict norms for controlling vehicle emissions and improving roadside safety. Such initiatives are promoting market players to develop advanced ITSs for a diverse range of transportation modes such as roadways, railways, airways, and maritime.