With the increase of investment in intelligent transportation industry and the increase of vehicle ownership in China, the average annual growth rate of intelligent transportation in China is estimated to be between 16%-22% and the potential market demand is expected to be released in the next six years. In the future, it is necessary to promote the better development of the intelligent transportation industry, and also to explore a new development model which is in line with the national conditions of our country.

Development prospect of intelligent transportation industry

At present, the intelligent transportation system in China has entered the stage of exploration and application from the perspective of exploration, including intelligent transportation, electronic police, traffic signal control, bayonet, traffic video surveillance, taxi information service management and so on. In the civil aviation, railway, highway and other aspects, intelligent construction has formed a perfect system.

Statistics show that in 2009-2014 years, the annual growth rate of Urban Smart transportation market in China is about 20%. In the past 2011-2015 years, the size of the urban smart traffic market in China was 103 billion 800 million. According to the current development momentum, it is expected to reach 67 billion yuan by 2021, compared with the average annual growth rate of about 17% in 2014.

2016-2021 years China's urban smart traffic market scale forecast (unit: billion yuan)

Source: "Intelligent Transportation Industry Report of prospective industry research institute"

In terms of regional distribution, the regional market of intelligent transportation in China is mainly concentrated in East China, accounting for 42.54% of the national market, followed by North China, accounting for 16.29% of the national market. The market share of the northwest region is relatively small, accounting for 7% of the national market.

Analysis of regional competition pattern of intelligent transportation in China (unit:%)

Source: "Intelligent Transportation Industry Report of prospective industry research institute"

In terms of market segmentation, China's intelligent transportation market segments mainly focus on signal control, video surveillance and electronic police in three major areas, occupying 33%, 24% and 20% respectively.

Analysis on the proportion of urban smart traffic sub market items (unit:%)

Source: "Intelligent Transportation Industry Report of prospective industry research institute"

Development trend of intelligent transportation industry

In the first few years, the industry of intelligent transportation management system in China will remain high growth in the next few years. On the one hand, the development of intelligent transportation management system is the inevitable result of the development of urban traffic. With the development of urban transportation, the industry of intelligent transportation management will also grow rapidly. On the other hand, the investment policy system is more stable, mainly based on local financial investment, and the source of funds is more stable.

Secondly, the integrated command platform system will be gradually popularized. The traffic management is still facing the following problems: the intelligent traffic management system has been built is composed of different manufacturers in different periods of development based on different technical route and data acquisition and access in different ways, each other more independent, cause the system has built in each information island, information communication is not smooth, data integration and sharing difficulties. In order to solve the above problems and meet the needs of the actual business needs and the development of intelligent traffic management, the construction of integrated command platform system is very important.

Third, the "large traffic" system will be formed. In the process of transportation system construction, collaboration, information and intelligence have become the new development direction of transportation system. In the long run, intelligent transportation system has broad prospects for development, and will be widely applied in all sectors of transportation. In landair onward transport of voices, a plurality of information system interoperability across sectors and regions, strengthen mutual coordination between the various subsystems to achieve effective integration, to achieve the information sharing process, to achieve full control of traffic, different modes of transport information through intelligent transmission, exchange and processing is the future development key.

Finally, the next generation of road smart traffic will be the network of cars. The first stage is focused on intelligent transportation infrastructure construction, including land and air all aspects of hardware and software system integration, which is very important is the establishment of highway toll system, but with the gradual completion of the Highway Informationization, traffic congestion problems mainly come from the road construction cannot keep up with the growth of car, the road construction under the condition of limited to solve the congestion, mainly rely on the management and deployment of the vehicle. Therefore, the network of vehicles will become the key development direction of the next stage of intelligent transportation.