It is a broad range of diverse technologies which address transportation problems. The technology includes information processing, communications, control, and electronics. Joining these technologies to transportation systems helps saving lives, time and money. It helps users to know traffic jams and the best route to take. Parking information sends drivers directly to an available space. It encourages multimodal transport and reduces the time spent on the road. Checks traffic congestion and pollution. Mobile ITS services offer mobile booking and payment which is commonly referred to as e-ticketing.
International business in ITS stands at $5 – 10 bn per year. Key players include Seimens, Efkon and IRD.