Intelligent transportation system

EtherWAN Enters a Strategic Distribution Partnership with AZCO Supply, Inc.

Retrieved on:

Thursday, November 30, 2023

ITS, Critical infrastructure, Partnership, Intelligent transportation system

By combining both organizations’ historic focus and success within the transportation sector, both companies aim to bring unparalleled value to end users within the region.

Key Points:

By combining both organizations’ historic focus and success within the transportation sector, both companies aim to bring unparalleled value to end users within the region.
EtherWAN is confident that their partnership with AZCO Supply’s newly formed Intelligent Transportation Systems group will provide their customers with outstanding quality and exceptional customer service.
“AZCO Supply is the perfect partner for EtherWAN, since our go-to-market strategies work hand-in-hand,” says Paul Langworthy, US Sales Manager of Critical Infrastructure at EtherWAN.
“AZCO is excited to partner with EtherWAN, as they add a valuable layer to our growing ITS offerings,” says Joe Hoferer, VP of the Traffic Division at AZCO.

Spirent and Anritsu Deliver Comprehensive Automotive Test Solutions

Retrieved on:

Wednesday, December 6, 2023

Spirent Communications plc (LSE:SPT), the leading provider of test and assurance solutions for next-generation devices and networks, today announced a strategic partnership with Anritsu to enable the automotive industry to more efficiently meet the unique testing requirements presented by cellular vehicle-to-everything (C-V2X) and autonomous driving technologies.

Key Points:

Spirent Communications plc (LSE:SPT), the leading provider of test and assurance solutions for next-generation devices and networks, today announced a strategic partnership with Anritsu to enable the automotive industry to more efficiently meet the unique testing requirements presented by cellular vehicle-to-everything (C-V2X) and autonomous driving technologies.
The collaboration establishes a complete C-V2X and automotive 5G testing portfolio with a unified framework that delivers unparalleled versatility and adaptability to verify designs incorporating autonomous driving technologies.
“Embarking on this journey with Anritsu, we aim to drive new standards in the world of automotive and connected vehicle testing by offering customers a single source for the most powerful arsenal of test solutions to help them tackle the challenges of the rapidly evolving autonomous driving world,” said Aniket Khosla, VP of Cloud and IP Product Management at Spirent.
The Spirent C-V2X solution supports:
Conformance, functional and performance testing for C-V2X on a single hardware platform.

Econolite Acquires RAI Products

Retrieved on:

Monday, November 27, 2023

Econolite, part of Umovity and the leader in One-Stop-Shop advanced traffic management solutions, announced today the acquisition of its distribution partner, RAI Products’ (RAI) (Charlotte, NC) operational business.

Key Points:

Econolite, part of Umovity and the leader in One-Stop-Shop advanced traffic management solutions, announced today the acquisition of its distribution partner, RAI Products’ (RAI) (Charlotte, NC) operational business.
This acquisition enables Econolite to further expand its One-Stop-Shop portfolio of ITS solutions while strengthening its vendor relations and distribution reach particularly in the Southeast region.
“It was exciting when we established our partnership with RAI as an Econolite distributor back in 2011,” said Jim Madden, Econolite’s Vice President, Eastern Sales.
“RAI has served traffic management communities throughout the Southeast, and has built enduring relationships with agencies, contractors, and transportation solution providers,” said John Rosenblatt, President of RAI.

Commercial Vehicle ADAS Market to grow by USD 2.52 billion from 2023 to 2028, Aptiv Plc, Autoliv Inc., Brandmotion LLC and more among key companies - Technavio

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Friday, December 15, 2023

NEW YORK, Dec. 15, 2023 /PRNewswire/ -- The commercial vehicle adas market is estimated to grow by USD 2.52 billion from 2023 to 2028, growing at a CAGR of 12.39%.

Key Points:

NEW YORK, Dec. 15, 2023 /PRNewswire/ -- The commercial vehicle adas market is estimated to grow by USD 2.52 billion from 2023 to 2028, growing at a CAGR of 12.39%.
The commercial vehicle adas market is fragmented owing to the presence of many global and regional companies.
Autoliv Inc. - The company offers commercial vehicle ADAS such as driver airbags, side curtain airbags, seatbelts and pyrotechnical safety switches.
The commercial vehicle propeller shaft market size is estimated to grow at a CAGR of 4.64% between 2022 and 2027.

Quarterhill Announces the Launch of the E-ZPass® Interoperability Hub

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Thursday, December 14, 2023

ETC, IAG, Intelligent transportation system, Collection, Enhanced, Hub, TSX, Overalls, E-ZPass, Online shopping

In April 2022, ETC entered into an agreement for the implementation and operations of the EZIOP Hub on behalf of the E-ZPass® InterAgency Group ("IAG") members.

Key Points:

In April 2022, ETC entered into an agreement for the implementation and operations of the EZIOP Hub on behalf of the E-ZPass® InterAgency Group ("IAG") members.
The EZIOP cloud-based Hub enables a streamlined exchange of transponder, license plate, and transaction data via a centralized interoperability hub between IAG members, third parties, and other Regional Hubs.
"Launching the EZIOP Hub is an important step in our goal to advance electronic tolling interoperability throughout North America," said P.J.
"The EZIOP Hub leverages ETC's 18 years of interoperability experience, award-winning technology, and a passionate and dedicated team committed to our customers' success.

Intelligent Transportation System (ITS) Market to Reach $98.02 Billion, Globally, by 2032 at 7.5% CAGR: Allied Market Research

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Friday, December 1, 2023

WILMINGTON, Del., Dec. 1, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Intelligent Transportation System (ITS) Market by Component (Hardware, Software, and Services), Application (Traffic Management, Freight Management, Advanced Traveler Information System, Advanced Public Transportation System, Security and Surveillance, Ticketing and Tolling System, and Others), and End User (Roadways, Railways, Waterways, and Airways): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global intelligent transportation system industry size generated $48.36 billion in 2022 and is anticipated to generate $98.02 billion by 2032, witnessing a CAGR of 7.5% from 2023 to 2032.

Key Points:

Based on application, the other segment held the highest market share in 2022, accounting for one-fourth of the global intelligent transportation system (ITS) market and is projected to manifest the highest CAGR of 9.1% from 2023 to 2032 owing to the need for customized solutions for efficient, intelligent transportation systems.
By region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for one-third of the global intelligent transportation system (ITS) market revenue and is expected to witness the fastest CAGR of 8.5% from 2023 to 2032.
The strong economic growth in the region resulted in increased demand for Intelligent Transportation Systems (ITS) to effectively manage the growing transportation sector.
Key Developments in the Intelligent Transportation Industry:
Leading companies are employing various strategies, including acquisition, agreement, expansion, partnership, contracts, and product launches, to fortify their market positions.

Intelligent Transportation System (ITS) Market to Reach $98.02 Billion, Globally, by 2032 at 7.5% CAGR: Allied Market Research

Retrieved on:

Friday, December 1, 2023

WILMINGTON, Del., Dec. 1, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Intelligent Transportation System (ITS) Market by Component (Hardware, Software, and Services), Application (Traffic Management, Freight Management, Advanced Traveler Information System, Advanced Public Transportation System, Security and Surveillance, Ticketing and Tolling System, and Others), and End User (Roadways, Railways, Waterways, and Airways): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global intelligent transportation system industry size generated $48.36 billion in 2022 and is anticipated to generate $98.02 billion by 2032, witnessing a CAGR of 7.5% from 2023 to 2032.

Key Points:

Based on application, the other segment held the highest market share in 2022, accounting for one-fourth of the global intelligent transportation system (ITS) market and is projected to manifest the highest CAGR of 9.1% from 2023 to 2032 owing to the need for customized solutions for efficient, intelligent transportation systems.
By region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for one-third of the global intelligent transportation system (ITS) market revenue and is expected to witness the fastest CAGR of 8.5% from 2023 to 2032.
The strong economic growth in the region resulted in increased demand for Intelligent Transportation Systems (ITS) to effectively manage the growing transportation sector.
Key Developments in the Intelligent Transportation Industry:
Leading companies are employing various strategies, including acquisition, agreement, expansion, partnership, contracts, and product launches, to fortify their market positions.

INU Researchers Develop Novel Deep Learning-Based Detection System for Autonomous Vehicles

Retrieved on:

Friday, December 1, 2023

GWANGJU, South Korea, Dec. 1, 2023 /PRNewswire/ -- Autonomous vehicles hold the promise of tackling traffic congestion, enhancing traffic flow through vehicle-to-vehicle communication, and revolutionizing the travel experience by offering comfortable and safe journeys. Additionally, integrating autonomous driving technology into electric vehicles could contribute to more eco-friendly transportation solutions.

Key Points:

The new system, aided by the Internet of things, improves the detection capabilities of autonomous vehicles even under unfavorable conditions.
A critical requirement for the success of autonomous vehicles is their ability to detect and navigate around obstacles, pedestrians, and other vehicles across diverse environments.
"Our proposed system operates in real time, enhancing the object detection capabilities of autonomous vehicles, making navigation through traffic smoother and safer," explains Prof. Jeon.
Prof. Jeon emphasizes the potential impact of this enhanced detection capability: "By improving detection capabilities, this system could propel autonomous vehicles into the mainstream.

Ohio Department of Transportation Taps Honda to Lead Two-year Project to Advance Road Condition Management System

Retrieved on:

Thursday, November 9, 2023

The partners will develop a road condition management system that will use vehicle-generated data to identify and report hazardous road conditions in Ohio.

Key Points:

The partners will develop a road condition management system that will use vehicle-generated data to identify and report hazardous road conditions in Ohio.
Honda will lead the project, leveraging the research it conducted in 2022 and the Honda Drive Data Service* from Honda Motor Co., Ltd., with the funding to cover project work by the three partners.
Honda pilots prototype road condition management system with three tech partners and Ohio Department of Transportation.
The initiative will build on a pilot program conducted by the Honda Research Institute in 2022, which evaluated a road condition management system using GPS coordinates and cameras to collect real-time road condition information.

Quarterhill Announces Q3 Fiscal 2023 Financial Results

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Wednesday, November 8, 2023

Financial statements for the three and nine months ended September 30, 2023, and for the respective comparison periods, have been prepared to reflect continuing operations and therefore exclude results during those periods from Wi-LAN Inc. ("WiLAN"), which was sold by Quarterhill on June 15, 2023.

Key Points:

Financial statements for the three and nine months ended September 30, 2023, and for the respective comparison periods, have been prepared to reflect continuing operations and therefore exclude results during those periods from Wi-LAN Inc. ("WiLAN"), which was sold by Quarterhill on June 15, 2023.
As a percentage of revenue, SG&A in Q3 2023 was 18% compared to 27% in Q3 2022.
Quarterhill will host a conference call to discuss its financial results today at 10:00 AM Eastern Time.
These non-IFRS financial measures and non-IFRS ratios are not standardized financial measures under IFRS, and, therefore, are unlikely to be comparable to similar financial measures presented by other companies.