Abstract
Intelligent transport systems (ITS) are seen as a high-growth segment within the transport sector, as information and communication technologies (ICT) push their way through different industries. ITS products and services has been developed, and its myriad benefits has been introduced which are promising for new business opportunities and investors. Its economic importance has also been recognised as well and many analyst reports show significant growth projections for the ITS market as a whole. This paper attempts to make the first quantitative and empirical analysis of the ITS industry in Finland. The Finnish ITS market had a significant growth in 2007 but has since then been very slowly been turning upwards from the negative growth observed in 2008 and 2009. The fast growing firms have clearly been showing good growth, whereas the weakest performers seem to have a continuous declining trend. The Finnish ITS supply market had an aggregate turnover of approximately € 300 million and around 1700 employees in 2010.
Highlights
Rapid development of information and communication technologies (ICT) has introduced many changes to various sectors
For multisegment companies there were several methods to assess the volume of Intelligent transport systems (ITS)-related business: 1) the ITS related business segments were reported in terms of volume in the company’s annual statement reports; 2) ITS-related business volume was gathered from public databases providing company’s financial statements; 3) a direct question was placed to the senior managers of the company in question asking how big a share of their business was about ITS; 4) if none of the abovementioned methods were working, the authors made their own assessment based mainly on number of identifiable business segments and headcounts
To evaluate the reliability of the results the most significant sources of possible bias comes from the authors’ own estimates concerning the ITS business segment size of the supplying side of the industry. 18 out of 72 companies were assessed by the authors with only very limited amount of financial information
Summary
Rapid development of information and communication technologies (ICT) has introduced many changes to various sectors It has transformed most industries as well as public sector from education to health care, and is in the early stages of transforming transport systems [1]. ITS is regarded as a tool for transportation system designers to improve the aforementioned characteristics of the system It has been introduced as a mean to reduce emissions from the transportation system, greening the system. There are about 200,000 premature deaths per year in the EU because of poor air quality, since transport generates about 25% - 30% of greenhouse gases These harmful effects can be reduced by ITS by about 15%. In Leviäkangas and Hietajärvi [4] the weather-related ITS services were listed with almost impressive impacts
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