10 Aug '11, 11pm

Smart Transportation Industry to Grow to $67B by 2015

Smart Transportation Industry to Grow to $67B by 2015

The business of intelligent transportation -- everything from traffic and transit controls to sophisticated telematic systems for connecting EVs to the smart grid -- is a quiet but growing industry poised for a boom. That's my takeaway from a new report that predicts the intelligent transport industry will grow from $48 billion in revenue in 2009 to $67 billion by 2015 in the U.S. "Intelligent transportation is the largest industry you've never heard of," said Scott Belcher, president of the Intelligent Transportation Society of America , during an online media briefing today. Smart transportation -- cars, public transit, commercial trucking, traffic and the systems that help power and manage them -- is central to a concept GreenBiz Group calls VERGE . That's the intersection of vehicles, energy, buildings and information technology and its effect on the evolution of busin...

Full article: http://www.greenbiz.com/blog/2011/08/10/smart-transportat...

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