Technological Trends Driving the Transportation Industry

In coming years, with the advanced technologies, fully automated cars will drive themselves as per the pre-determined route. With these vehicles, travelling will become easier for all types of transportation. Heading out for vacation or even going for a game will become much easier. Best parts of these innovative transport trends are that these come with eco-friendly solutions, plus they provide secure and comfortable trip to the passengers. This article focuses on some trends in transportation that are making everyday life easier.

Expansion of Mobility as a Service (MaaS) Market

Incoming population in urban areas is increasing rapidly in these days. Because of the influx of newcomers, it has become needful to reduce congestion and promote safety on a massive scale. To implement this, mobility as a Service (MaaS) provides a network of mobility solutions from private and public organizations. In the MaaS system, transportation companies work alongside cities to provide various mobility options that are affordable, accessible, and timely for a traveler.

The mobility as a service (MaaS) market has witnessed significant growth with great adoption rate in previous few years. Some of the main factors, driving the growth of this industry are rapid expansion of urbanization and increasing number of personal vehicles that is leading to congestions and parking issues. Also, many significant investments are being granted to develop and implement various technological solutions for public transportation system and better traffic management.

Companies including Uber Technologies, Inc., Bridi, Moovel, Whimm and Qixxit etc. are already contributing significantly into the market. According to the report of The Insight Partners on the MaaS market, it is expected that the market will reach to US$ 476.34 billion in 2025 at a CAGR of 36.4%. Especially, in Asia Pacific region, the market is estimated to witness a CAGR of 7.3% in the coming period.

Increasing Demand for Zero Emission Infrastructure

Last month, Britain announced the ban on sale of new diesel and petrol cars from 2035, which is five years earlier than the previous plan. “Hosting COP26 is an important opportunity for the UK and nations across the globe to step up in the fight against climate change,” PM Boris Johnson expressed in a statement released by his office. It also said, “As we set out our plans to hit our ambitious 2050 net zero target across this year, so we shall urge others to join us in pledging net zero emissions.”

In 2003, London implemented its congestion charging and it proved as a great success as it reduced greenhouse gas emissions and air pollution. Los Angeles also has the U.S. city-led sustainable transportation plans. As per the plan, most of the new cars and all city buses will be electric soon and it also considered how congestion pricing will help to reduce the traffic. Apart from that government bodies of many countries are also focusing on the emission reduction to tackle the climate change issues. Because of these reasons, markets of electric vehicles (EV) and its charging stations are expected to rise in coming years.

Rising Attraction for Personal Transportation Pods

The trend will mostly be used in big cities and populated residential areas. In many regions, public transportation comes with negative implications. Either these vehicles are overcrowded at specific time or some passengers may face criminal or suspicious activities in these vehicles at specific time/place.

But with the help of technological advancement, future public transportation is expected to witness positive changes. Some areas like surroundings of Heathrow Airport in London and many cities have started to use personal transportation pods to avoid these issues. These transportation pods have only one room for one passenger, help to reduce the risk of personal injury or crime. During the trip, passengers can read news, play video games, or check e-mails etc. Considering all the benefits of transportation pods, the expert predicts that it global market will CAGR of more than 18% by the end of 2026.

Recent Posts

LED Engines and Drivers Market 2021 Recent Technological Advancements to Propel Growth of the Market in Foreseeable Future by 2028

This research report will give you deep insights about the LED Engines and Drivers Market and it will also help you in… Read More

August 18, 2021

Global Underwater Acoustic Modem market Size, forecast (2021-2028) to analysis, regions, key players and Manufacturers Top Countries research report

Underwater acoustic modems transmit communication signals underwater. It converts digital signals into sound signals that can be transferred underwater, which… Read More

August 17, 2021

Covid-19 Impact on Smart Locks Market (2021-2027) | Potential growth, attractive valuation make it is a long-term investment | Top Players: Amadas, Inc., Schlage, August Home

According to our latestmarket study on "Global Smart Locks Market to 2027 - Analysis andForecastby Type (Padlocks, Deadbolt, Lever Handle,… Read More

August 16, 2021

Laser Distance Meter Market To Generate Huge Growth By 2028 with Manufacturers Danaher, Fluke Corporation, Hilti, Robert Bosch Tool Corporation

The proposed Laser Distance Meter Market report will encompass all the qualitative & quantitative aspects including the market size, market… Read More

August 5, 2021

5G Chipset Market 2021 Analysis Report with Highest CAGR and Major Players like ||Broadcom Inc., IBM Corporation, MediaTek Inc., Samsung Group, Xilinx, Inc.

In the present scenario, 5G chipset is in the concluding phase of testing. These chipsets operate over data speed that… Read More

August 4, 2021

Dual Screen Laptops Market Size 2021: Effect Factors Analysis, Product Types, Marketing Channel, and Development Trends by 2028

The proposed Dual Screen Laptops Market report will encompass all the qualitative & quantitative aspects including the market size, market… Read More

August 3, 2021