The output value of China’s intelligent transportation systems may reach 100 billion yuan (USD 16 billion) in 2015 and Beijing may push for an intelligent city as well as a nationwide standard to unify the systems across the country.
Wu Zhongze, head of the China Intelligent Transportation Systems Association, estimates the output value at upwards of 100 billion yuan (US$16 billion) next year. The 12,000km-long high speed railway under construction, which is set to integrate with China’s existing 11,000km-long high-speed railway network, is the momentum needed for the growth of the country’s intelligent transportation industry.
As of the end of 2013, the total length of expressways in the country reached 4.24 million kilometers while that of highways reached 104,400 kilometers and that of railways reached 103,000 kilometers.
Many municipal governments such as Shanghai, Chongqing, Changchun and Zhejiang plan to explore the potential of intelligent transportation systems but experts worry that investment and infrastructure may overlap and impede the industry’s growth as a whole.
A national intelligent transportation system, which includes policies such as a systematic framework, national network and industrial chain, may be set up and launched under the framework of an intelligent city, said experts. The framework could boost the development of the transportation system, added experts.
Several listed Chinese companies have rushed to enter the intelligent transportation market such as United Electronics, Qiming Information Technology, Navinfo, Wanda Zixun and China Transinfo.