For contractors working on construction infrastructure projects in cities, the use of intelligent-transportation systems is on the rise. Sensors embedded in infrastructure can help collect and process information to better monitor and manage transportation systems on an ongoing basis.
A recent report specifically suggests the penetration of on-board computer units with GPS and wireless communication in buses and trams will increase. The report—from Global Information, www.giiresearch.com—says the use of tech in buses and trams will increase from 40% in 2011 to 56.1% in 2016.
Also, as a whole, ITS (intelligent-transportation systems) are expected to grow at an annual rate of 15%, reaching $1.9 billion by 2016 in Europe alone. For contractors working on infrastructure projects, this means more technology will be embedded in construction projects in the future.
ITS will likely also see a bit of growth in the United States as well. In July, President Barack Obama passed into law MAP-21 (Moving Ahead for Progress in the 21st Century), which provides funds for states to develop and implement an asset-management plan and grants to accelerate the use of ITS.
Stepping beyond the developments in the public sector, the private commercial vehicle telematics market is also set to grow at a compound annual growth rate of 9.09% from 2011 until 2015, according to Global Information.
For construction companies, asset-management technology and telematics allows for tracking of construction equipment, which means business owners can increase uptime of equipment and improve efficiencies of the workforce.