Industry News

Indra partnered with Mobeal to develop smart traffic management projects

Algeria: Indra one of world’s leading companies in developing smart technology for traffic and urban public transportation management signed an agreement to become a part of Mobeal, a public -private joint venture, with the objective of modernizing the urban lighting system in the country

Through this agreement, public-private venture will install, exploit and maintain traffic control system and remote management of lighting. In the first phase Algeria would be traversed for automation of traffic management which would be phased out in other large cities in subsequent manner.

TechSci depicts that smart urban traffic management is need of an hour with the growing traffic population. It would contribute to smart road lighting, minimizing carbon emissions, minimizing road accident, cutting traffic jams as well as their costs and promote the use of public transport and integrated urban transport services.

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, Advance Traveller Information, 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. Thales, Xerox, and Cubic are few of the leading players operating in the market. In 2014, Americas accounted for the largest share in the global ITS market, followed by Europe, Asia-Pacific and Middle East & Africa. However, 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.

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