SOURCE: SBI

SBI

May 18, 2011 17:05 ET

Urban Land Institute Estimates $2T Needed to Update U.S. Transportation Infrastructure

NEW YORK, NY--(Marketwire - May 18, 2011) - Burdened with soaring deficits, and with long-term transportation plans stalled in Congress, the United States has fallen behind three emerging economic competitors -- Brazil, China and India -- in updating its transportation infrastructure according to a report by Urban Land Institute. The Institute found that the U.S. needs a $2 trillion investment to rebuild and expand the nation's overloaded and deteriorating transportation network. The institute's estimate includes air, ground, and rail networks.

However, SBI Energy, a leading energy market research publisher, believes that the tide is turning. "While the U.S. government support for Intelligent Transportation Systems (ITS) via federal funding and legislation has been lagging, government involvement seems to be making a U-turn," said SBI Energy report analyst Darren Bosik.

In a study titled "Global Intelligent Transportation Systems Products Market," SBI analyzed the opportunities and challenges facing the industry and forecasted double-digit growth in all facets of ITS manufacturing sectors in the U.S., particularly commercial vehicle screening and emergency response centers, through 2015. "With 2010 as the spending benchmark point, total cumulative spending on road-based ITS technologies in the U.S. will grow to more than $14.5 billion through 2015," noted Shelley Carr, publisher for SBI Energy.

Through 2015, SBI Energy expects costs of ITS components to increase globally at a compound annual growth rate (CAGR) of 10%. The market research publisher attributes the moderate growth estimate in ITS product prices to a gradual rise in demand for ITS systems in regions that have committed to ITS deployment. In the U.S., for example, prices will rise considerably in roadside detection and control products as many states begin to assertively roll out ITS-enabled traffic management devices. The U.S. will continue to depend on imports of ITS products from Asia, and pay a premium for technology-heavy devices, such as sensors.

In 2010, the U.S. Department of Transportation's Research and Innovative Technology Administration's (RITA) ITS Joint Program Office (JPO) unveiled a new, five-year 'ITS Strategic Research Plan, 2010-2014.' While the Strategic Plan represents an important step forward, the U.S. is still mired in ITS "research mode," rather than full-scale investment, construction, and deployment of ITS applications. With the additional push from the U.S. government, investments in ITS technologies will continue growth -- speeding up job creation and economic recovery.

"Global Intelligent Transportation Systems Products Market" examines at length ITS applications, trends, technologies, product manufacturing and costs associated with this expansive industry -- both domestically and internationally. The report forecasts market value through 2020, separating out spending on deployment, emergency response, and product and technology manufacturing. Further, the report divulges the competitive profiles of industry leaders including IBM, Efkon, Scania, Vitronic, Iteris, Moru Industrial, Sumitomo Electric, Traffic Data Systems, Telvent, Denso, Image Sensing Systems, and Kapsch. For more information, please visit: http://www.sbireports.com/Global-Intelligent-Transportation-2496797/.

About SBI Energy
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