Huge investment in intelligent transportation predicted

Four key smart transportation sectors – traffic management systems; public transportation systems; smart charging for plug-in electric vehicles; and vehicle-to-vehicle systems – are set for a huge investment over the next five years. According to a report by Pike Research, there will be a global investment across these four areas of $13.2billion with annual spending to increase from just under $770million in 2011 to almost $3billion in 2017.