Technology has revolutionised transportation, particularly in the urban context. From localised bus and train services to active travel (walking and cycling) for short commuting to car-based transport: It has enabled improvements across all modes of transport. Despite the fact, however, that technologies will change the future mode of travel, the car will continue to play an important role in the travel mix of cities in 2020.
This year's Transportation Industry Think Tank at Frost & Sullivan's annual flagship client event, GIL 2011: Europe Growth, Innovation and Leadership scheduled for 17-18 May 2011 at the Emirates Stadium in London, will focus on 'Intelligence-on-the-Go: Fully Integrated, Multi-Modal Solutions and New Business Models'.
"With increasing motoring costs (particularly fuel), innovation and technology will facilitate the changes that have already begun to take place in some cities," says Frost & Sullivan Consultant Martyn Briggs. "With innovative transport solutions, like car sharing/car club schemes, ridesharing, and electric vehicles, cities will devise a fully integrated multi-modal public transport system that is reliant on far more than one mode of transporting passengers and goods from point to point."
A pioneering illustration of transformative technology in transportation is London's bus network, where bus passenger journeys have increased from 1.3 billion in 2000 to 2.2 billion in 2010. This trend can be partly attributed to the significant investment made in the iBus scheme; equipping the 8,000 strong fleet with real-time information on board, providing bus priority at over 3,000 junctions, and installing countdown screens at over 4,000 stops by 2013.
"With over $9,000 billion slated to be pumped in the transportation infrastructure development in the next 20 years, the global transportation industry is poised for high growth with synergetic opportunities across technology and sectors," adds Frost & Sullivan Vice President, Growth Consulting, Franck Leveque.
The GIL 2011: Europe's Transportation Industry Track will take an in-depth look at the future perspective of the market along with the top 10 global mega trends and their impact on the industry's future outlook.
"Mega Trends such as mega cities or mega regions, coupled with the development of future transport infrastructure such as high speed rail and transport corridors, are expected to lead to mushrooming of economic and technology clusters along these corridors," Mr. Leveque explains. "This will bring in a host of multiple cross sectoral opportunities for growth and create new business models".
GIL 2011: Europe is a must attend event for transportation executives seeking actionable tools, and strategies that will enable them to generate, evaluate and implement their growth strategies. If you are interested in more information on Frost & Sullivan's GIL 2011: Europe and/or the Transportation track, please email Katja Feick, Corporate Communications, at katja.feick[.]frost.com. A limited number of complimentary passes are available to members of the media.
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