NXP Semiconductors Partnered with eSSys to Deliver Intelligent Transportation Technology to Korea Government

Seoul: NXP Semiconductors N.V. partnered with eSSys, a Korea based automotive electronic systems providing company to deliver intelligent transportation technology for Cooperative Intelligent Transportation System (C-ITS) project. C-ITS project is promoted by Korean Ministry of Land, Infrastructure and Transport.

Under this partnership, NXP would provide RoadLINK V2X chipset, a Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communication, to eSSys. The combined security solution would be tested on 87.8 km route between Sejong City and Daejon. The pilot project would commence its operation in July, 2016.

TechSci Research depicts that rising number of road accidents due to increasing traffic congestion along with high impacts over the country’s economy. Rising ned for traffic management to improve traffic flow and reduce carbon emission would drive the full-deployment of C-ITS project in South Korea, after successful completion of C-ITS pilot project.

According to the recent report published by TechSci Research, “Global Intelligent Transportation Systems Market By System (ATMS, ATPS, ATIS, etc.), By Application (Traffic Management, Electronic Toll Management, Parking Management, etc.) and Competition Forecast and Opportunities, 2010-2020” the global ITS market is poised to grow at CAGR of over 10% during 2015 - 2020. With the market being too fragmented, a large number of players are engaged in offering ITS solutions across the globe. Moreover, Asia-Pacific offers huge future growth opportunities for ITS deployments, and consequently, is expected to outperform the broader market. Rising concerns associated with vehicular emissions are also influencing ITS strategic plan of various major economies, and this is expected to have a positive impact on global ITS market during the forecast period.

: NXP Semiconductors N.V. partnered with eSSys, a Korea based automotive electronic systems providing company to deliver intelligent transportation technology for Cooperative Intelligent Transportation System (C-ITS) project. C-ITS project is promoted by Korean Ministry of Land, Infrastructure and Transport.

Under this partnership, NXP would provide RoadLINK V2X chipset, a Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communication, to eSSys. The combined security solution would be tested on 87.8 km route between Sejong City and Daejon. The pilot project would commence its operation in July, 2016.

TechSci Research depicts that rising number of road accidents due to increasing traffic congestion along with high impacts over the country’s economy. Rising ned for traffic management to improve traffic flow and reduce carbon emission would drive the full-deployment of C-ITS project in South Korea, after successful completion of C-ITS pilot project.

According to the recent report published by TechSci Research, “Global Intelligent Transportation Systems Market By System (ATMS, ATPS, ATIS, etc.), By Application (Traffic Management, Electronic Toll Management, Parking Management, etc.) and Competition Forecast and Opportunities, 2010-2020” the global ITS market is poised to grow at CAGR of over 10% during 2015 - 2020. With the market being too fragmented, a large number of players are engaged in offering ITS solutions across the globe. Moreover, Asia-Pacific offers huge future growth opportunities for ITS deployments, and consequently, is expected to outperform the broader market. Rising concerns associated with vehicular emissions are also influencing ITS strategic plan of various major economies, and this is expected to have a positive impact on global ITS market during the forecast period.