China's smart transportation industry has a bright future for four years or more than 88.0 billion

China's intelligent transportation has entered the international advanced level in integrated applications. China's development in the intelligent transportation industry is closely related to the government's strong support at the policy level. In other words, policy support is a powerful driver for the rapid development of the intelligent transportation industry. China's intelligent transportation industry is expected to exceed 88 billion yuan in market size by 2021.

With the emergence of new technologies such as the Internet of Things and artificial intelligence, the intelligent transportation industry has entered the stage of rapid expansion of market demand, and due to good market efficiency, it is considered by local governments as a new economic growth point. The gradual progress of intelligent transportation from concept to reality means that its prospects are increasingly clear and the development situation is excellent.

Intelligent Transportation Industry Development Process

From the perspective of the development of domestic intelligent transportation, we have experienced five stages, namely, before the Ninth Five-Year Plan, the Ninth Five-Year Plan, the Tenth Five-Year Plan, the Eleventh Five-Year Plan, and the Twelve-Five-Year Plan.

After five phases of development, China's intelligent transportation industry presents three major characteristics. First of all, smart traffic applications are developing rapidly.

At present, China's intelligent transportation has entered the international advanced level in integrated applications. Beijing, Shanghai, Guangzhou, Shenzhen and other cities have already established intelligent traffic management systems with advanced international standards.

Second, policy support has continued to increase. China's development in the intelligent transportation industry is closely related to the government's strong support at the policy level. In other words, policy support is a powerful driver for the rapid development of the intelligent transportation industry.

Finally, the intelligent transportation system continues to improve. The improvement of the intelligent transportation system is reflected in the increasingly perfect technical standards and the initial scale of the intelligent transportation industry. In terms of technical standards, China has initially completed the national intelligent transportation system standard system and provided strong guarantees for the standardized development of intelligent transportation. After years of development, China’s intelligent transportation industry has begun to take shape, and the current market size has exceeded 700 billion yuan.

Intelligent Transportation Industry Development Bottlenecks

Compared with developed countries, there are many bottlenecks in the intelligent transportation industry in China that need to be broken. The United States, Japan, and Europe in the early stage of the development of intelligent transportation are all relying on the active promotion of some powerful large enterprises, and the role of the government in supporting and attaching importance to the enterprise. Therefore, the key to the development of intelligent transportation in China lies in many non-technical issues.

For example, the lack of authoritative leading departments; lack of planning coordination between government departments, universities, and enterprises; lack of substantive industry support policies; lack of clear technical development direction, does not reflect the core idea of ​​the integration of "people and vehicles" intelligent transportation; The standards are not uniform, and the completion criteria is only about 20%, resulting in non-democratic investment by private companies; the late start-up has less accumulated in frontier technologies; the pre-construction over-emphasis on traffic management ignores the needs of travelers.

Most intelligent transportation industries in China are small and medium-sized enterprises. There are not many enterprises with strong capabilities. They need the government to innovate in the system and advance in terms of policies, so that the intelligent transportation companies in China will receive real support in terms of technology, capital, and talents. , so as to really play a role in the market.

Intelligent Transportation Industry Development Prospects

As a strategic emerging industry with a new economic growth point, intelligent transportation has good market benefits and its market prospects are very broad. The scope of application in the field of security is also very broad, just taking the airport as an example. There are about 100 large and medium-sized airports across the country. According to the calculation of the 10-20 km bound for each airport, the market capacity will be more than 5 billion yuan.

It is expected that in the next five years, China will establish urban traffic command centers in more than 200 large and medium-sized cities. The center will integrate the public security traffic GIS integrated service management, video surveillance, signal control, traffic information detection, GPS vehicle positioning, communication dispatching command and traffic information release systems.

Combined with future market demand analysis and related planning, the intelligent transportation industry in China is expected to maintain a market growth rate of around 20% in the next few years, and it is expected that the market size will exceed 88 billion yuan by 2021.