#Mobility-as-a-Service (MaaS) Tumblr posts

[prachicmi]

Fleet Management: Ensuring Efficient Transportation of Goods and Services In Industry

Fleet Management

Fleet management refers to the management of a fleet of vehicles, such as trucks, buses, ships or aircrafts used for the purpose of transportation of passengers or goods and delivery of services. The primary goal of management is to ensure efficient transportation of goods and passengers while minimizing operational costs and maximizing returns. Planning and Optimization of Fleet Routes

One of the key responsibilities of fleet managers is to plan optimal routes for vehicles. This involves analyzing pickup and delivery locations, distances between locations, traffic conditions, driver schedules and other factors to map out routes that minimize time, effort and fuel consumption. Route optimization is done using specialized management software that takes multiple inputs to generate the most cost-effective routes. This helps improve efficiency, meet deadlines and reduce fuel costs significantly over time. Vehicle Maintenance and Repairs

Another core function of Fleet Management is to maintain vehicles in good working condition through scheduled maintenance and timely repairs. Managers plan and oversee regular services, replacements and repairs of parts like engines, brakes, tires, batteries and emergency repairs if required. They source vendors for maintenance work and spare parts. Proper maintenance extends vehicle life, improves reliability and reduces unexpected breakdowns that can disrupt operations. Managers keep detailed maintenance records as well. Resource Management and Tracking

Fleet managers are responsible for resource planning and management. This involves procuring the right types of vehicles for the fleet after evaluating organizational needs, roads and traffic conditions. They install vehicle tracking systems for real-time monitoring of locations, mileage, fuel levels, driver behavior and idling times. Tracking makes fleets more transparent and helps identify issues for correction. Managers also procure other resources like fuel cards, spare parts, toll cards and ensure their optimal usage. Driver Management and Safety

One of the critical roles of fleet managers is driver management which involves recruitment, training, performance monitoring and ensuring safety compliance. New drivers undergo training on road safety rules, safe driving techniques, navigating routes, preventive maintenance checks, operational policies and emergency procedures. Regular refresher sessions are also conducted. Driver behavior is tracked and graded based on parameters like speeding, harsh braking, idling to reward safe drivers. This promotes accountability. Regulatory and Statutory Compliance

Transportation fleets need to comply with various regulatory norms for plying on roads. Managers keep abreast of updated motor vehicle regulations related to road tax payment, permits, emission norms, safety standards, insurance and renew certifications as required. They file mandatory returns and handle irregularity challans efficiently. Managers ensure paper works and valid documents are maintained to avoid legal non-compliance that can otherwise disrupt business operations. Financial Control and Budgeting

Fleet managers have to work within predefined budgets and control overall fleet expenses. They develop annual and project-wise budgets considering expected revenues along with estimated costs of vehicles, maintenance, insurance, fuels, employee expenses etc. Variances are analyzed to take corrective steps. Managers negotiate bulk discounts on services and procurements. They explore financing options, calculate depreciation costs, monitor expenditures and cash flows to keep financial management efficient. Emergency Response and Security

Managers develop frameworks to handle emergency breakdowns, accidents or security threats involving vehicles and crews traveling to different locations. Drivers are equipped with emergency contact numbers, first aid kits and safety gear. Customized SOPs help drivers and control rooms respond swiftly in case of emergencies. Managers liaison with repair vendors, authorities and insurance for management of emergencies. The process helps reinstate normal operations with minimal disruptions. Performance Reporting and Continuous Improvement

Fleet managers monitor key performance parameters like route coverage, on-time deliveries, asset utilization, fuel consumption, driver safety records and overall operating costs on a periodic basis. Comprehensive reports help analyze performance trends and identify areas that need improvement. Benchmarking is done with industry standards. Based on findings, corrective actions are implemented like refining routes, schedules, safety norms, training processes and upgrading systems/technologies to optimize fleet productivity continuously. Advancements in Technology

Technology plays a huge role in modern management operations. Managers leverage advanced management software, route optimization tools, vehicle telematics, fuel cards with control features, digital maintenance and service records alongwith GPS, ELD and other tracking devices. Systems enable real-time visibility, automate processes and generate insightful reports and reminders on schedules and due compliances. Advanced technologies maintain transparency, aid data-driven decision making and future proof fleets against disruptions. Skilled fleet managers play a crucial role in ensuring efficient and cost-effective transportation of passengers and goods through a well-maintained fleet of vehicles. Their responsibilities range from planning optimized routes and ensuring preventive maintenance to driver management, regulatory compliance, financial controls and leveraging technology for performance management. A fleet operating at peak productivity can significantly enhance service quality and profitability for any organization.

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Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.

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[commsaquitilabs]

https://www.acuitilabs.com/acuitimobi/

[automotiveera]

Electric Bus Charging Station Market Is Propelled by Supportive Government Policies

The electric bus charging station market is projected to grow at a significant CAGR. The market for electric buses is experiencing significant growth due to the increasing use of these buses in the public transit fleets, and the government’s supportive policies for the development of charging infrastructure for electric buses, further boosting the market.

The depot charging type category holds the largest share in terms of volume, driven by the advantages it possesses such as ease of operation similar to diesel bus stations and installation costs compared to others. In addition, public fleet operators prefer overnight charging for electric buses.

APAC accounted for the leading contributor by revenue in the electric bus charging station market driven by China's extensive use of electric buses. Whereas, North America is the fastest-growing market during the forecast period because of the favorable government initiatives aimed at promoting electric mobility, leading to an increased adoption of electric buses in the region.

The rising adoption of electric buses in public transportation fleets is a key driver behind the growth of the market, as the global shift towards a low-carbon economy, supported by the Kyoto Protocol ratified by 192 countries. Governments worldwide are implementing incentive programs, such as subsidies, tax rebates, and grants, to foster the development of electric bus charging infrastructure.

Additionally, the increasing demand for electric bus charging stations in private spaces is opening up significant growth prospects for market players. The competition within the hospitality sector is driving market growth, with many hospitality service providers now offering charging facilities for electric buses on their premises.

Moreover, numerous large multinational corporations are incorporating charging facilities into their employee welfare programs. This presents lucrative opportunities for manufacturers and installers of charging stations.

Hence, this industry is propelled by many key initiatives taken by government or private players for a safer environment and innovations in mobility solutions, thus boosting the market.

[biglisbonnews]

Future of Transport Bill vital for autonomous vehicle and MaaS innovation, say tech firms Transport technology companies have urged the Prime Minister to push ahead with a Future of Transport Bill to enable mobility innovations. More than 50 organisations have ... Read More » The post Future of Transport Bill vital for autonomous vehicle and MaaS innovation, say tech firms appeared first on Fleet World. https://fleetworld.co.uk/future-of-transport-bill-vital-for-autonomous-vehicle-and-maas-innovation-say-tech-firms/

[oharetaxi]

The Future of Public Transportation

As we stand at the precipice of a new era, the future of public transportation promises to redefine the way we move, commute, and explore our cities. Rapid technological advancements, coupled with increasing concerns for sustainability, efficiency, and urban congestion, have paved the way for transformative changes in the transportation landscape. From autonomous vehicles to hyperloop systems, the future of public transportation holds immense potential for creating accessible, convenient, and environmentally friendly mobility options for all. In this article, we will delve into the exciting developments and possibilities that lie ahead.

Electric Mobility

One of the most significant advancements in the future of public transportation is the widespread adoption of electric vehicles (EVs). Electric buses, trams, trains, and even bicycles are poised to replace their fossil fuel-powered counterparts, reducing greenhouse gas emissions and improving air quality in urban areas. With ongoing advancements in battery technology, charging infrastructure, and affordability, EVs will become the go-to mode of transportation for both short and long distances, offering sustainable and efficient options for commuters.

2. Autonomous Vehicles

Autonomous vehicles (AVs) are set to revolutionize the public transportation landscape by eliminating the need for human drivers. These self-driving vehicles have the potential to improve road safety, reduce traffic congestion, and optimize routes for maximum efficiency. Commuters will be able to summon an AV through their smartphones, eliminating the need for car ownership and reducing parking requirements. Shared AVs can create a seamless and cost-effective transportation network, allowing people to travel conveniently while minimizing the number of vehicles on the road.

3. Hyperloop and Maglev Systems

Hyperloop and magnetic levitation (maglev) technologies offer a glimpse into the future of high-speed, long-distance transportation. Hyperloop, a system of near-vacuum tubes, will enable pods to travel at incredible speeds, potentially exceeding 600 miles per hour. This mode of transportation will dramatically reduce travel times between cities, making intercity commuting more efficient than ever before. Maglev trains, which use magnetic fields to levitate and propel the train cars, will provide a similar experience, allowing for smooth and fast travel across vast distances.

4. Mobility as a Service (MaaS)

The concept of Mobility as a Service (MaaS) will transform public transportation into an integrated and seamless experience. MaaS platforms will consolidate various modes of transportation, including buses, trains, taxis, and shared bikes, into a single app or platform. Commuters will have access to real-time information, personalized route planning, and the ability to pay for their entire journey through a single transaction. MaaS will encourage multimodal transportation, empowering users to choose the most efficient and sustainable option for their specific needs.

5. Sustainable Infrastructure and Smart Cities

The future of public transportation goes hand in hand with the development of sustainable infrastructure and smart cities. Investments in charging stations for EVs, smart traffic management systems, and connected infrastructure will enable a smooth transition to greener and more efficient transportation networks. Smart cities will leverage real-time data and advanced analytics to optimize routes, minimize congestion, and enhance the overall efficiency of public transportation systems.

Conclusion

The future of public transportation promises a revolutionary shift in how we navigate our cities. From electric mobility and autonomous vehicles to hyperloop systems and MaaS platforms, the coming decades will witness remarkable transformations that prioritize sustainability, accessibility, and convenience. Embracing these technological advancements and fostering a collaborative approach among stakeholders, governments, and innovators will be crucial to harnessing the full potential of public transportation for the benefit of all. As we embark on this exciting journey, the future holds the promise of a greener, more connected, and efficient world of mobility.

[livlovlun119]

matter(ai 플랫폼 표준 프로토콜) / 테슬라 / gm 차량 플랫폼 얼티파이 / avn / gm brightdrop 택배 차량 플랫폼 토탈 솔루션 / maas mobility as a service / bms baas 배터리 / icps in car payment system / dddm data driven decision management / 애자일agile 조직 민첩하게 사업 운영하는 조직체계 토스 배달의민족 카카오뱅크 등 구글 스포티파이 넷플릭스 알리바바 샤오미 등 /

[wadegriffith]

Merriman Anderson Architects designed the new office space for Downtown Dallas Inc., who is the principal advocate, champion & steward of Downtown, effecting change by developing strategies & mobilizing resources. MAA provides architectural and interior design services for new buildings and adaptive reuse projects.

© Wade Griffith Photography 2022

[latestmarketresearchnews]

Smart Ticketing Market 2030 Revenue, Top Key Drivers by Manufacturers and Outlook

The global smart ticketing market was valued at approximately USD 10.14 billion in 2022 and is forecasted to grow at a compound annual growth rate (CAGR) of 15.5% from 2023 to 2030. The primary driver of this growth is the integration of emerging technologies into smart ticketing systems. Innovations such as contactless payments, virtual tickets (E-tickets), and smart cards allow for seamless and efficient ticketing, enhancing user experience and optimizing transit operations. Additionally, the availability of multiple modes of ticket purchase and distribution such as online ticketing, smartphones, E-kiosks, and smart ticketing machines promotes effective crowd management and enhances the appeal of smart ticketing over traditional paper-based methods.

Shifting consumer preferences toward digital access to transportation services are significantly contributing to market growth. Digital ticketing offers advantages like reduced waiting times during peak hours, real-time route updates, and personalized travel experiences, making online ticketing systems highly attractive to customers. For transport operators, smart ticketing reduces maintenance costs, provides access to integrated ticketing infrastructure, and allows for cost-effective resource allocation, including employees, energy, and paper. As a result, smart ticketing adoption is expected to grow steadily, supporting the overall market’s expansion.

Gather more insights about the market drivers, restrains and growth of the Smart Ticketing Market

Beyond transportation, smart ticketing systems are also increasingly adopted in the sports and entertainment industries. These systems offer scalability, particularly when integrated with point-of-sale (POS) systems and self-service kiosks, enabling real-time data collection that enhances customer engagement and experience. For example, in March 2023, Major League Soccer (MLS) selected Ticketmaster as its official ticketing partner, aiming to enhance the customer experience through interactive tools like 3D stadium views. This integration of smart ticketing with advanced technology to create a connected and unified customer experience is a notable factor driving market growth.

Component Segmentation Insights:

In 2022, the hardware segment led the smart ticketing market, accounting for over 51% of the revenue. The widespread adoption of smart hardware solutions has empowered transport operators to issue and validate tickets using a single interface, facilitating a more advanced ticketing infrastructure. Demand for hardware solutions is further driven by the need to upgrade legacy ticketing systems to modern, digital platforms that support smart ticketing, thereby strengthening the hardware segment’s position.

Meanwhile, the service segment is anticipated to experience substantial growth over the forecast period. A straightforward, user-friendly ticketing system is essential to increase public transportation use. Smart ticketing providers are increasingly focused on offering integration and deployment services to make smart ticketing systems more accessible. One of the notable services offered by these companies is Mobility as a Service (MaaS), which enables comprehensive booking and payment processes. MaaS, as a holistic service offering, facilitates smooth travel planning and payment, further promoting the adoption of public transportation.

Order a free sample PDF of the Smart Ticketing Market Intelligence Study, published by Grand View Research.

[researchreportinsight]

Smart Ticketing Industry In-depth Analysis and Forecast Report, 2030

The global smart ticketing market was valued at approximately USD 10.14 billion in 2022 and is forecasted to grow at a compound annual growth rate (CAGR) of 15.5% from 2023 to 2030. The primary driver of this growth is the integration of emerging technologies into smart ticketing systems. Innovations such as contactless payments, virtual tickets (E-tickets), and smart cards allow for seamless and efficient ticketing, enhancing user experience and optimizing transit operations. Additionally, the availability of multiple modes of ticket purchase and distribution such as online ticketing, smartphones, E-kiosks, and smart ticketing machines promotes effective crowd management and enhances the appeal of smart ticketing over traditional paper-based methods.

Shifting consumer preferences toward digital access to transportation services are significantly contributing to market growth. Digital ticketing offers advantages like reduced waiting times during peak hours, real-time route updates, and personalized travel experiences, making online ticketing systems highly attractive to customers. For transport operators, smart ticketing reduces maintenance costs, provides access to integrated ticketing infrastructure, and allows for cost-effective resource allocation, including employees, energy, and paper. As a result, smart ticketing adoption is expected to grow steadily, supporting the overall market’s expansion.

Gather more insights about the market drivers, restrains and growth of the Smart Ticketing Market

Beyond transportation, smart ticketing systems are also increasingly adopted in the sports and entertainment industries. These systems offer scalability, particularly when integrated with point-of-sale (POS) systems and self-service kiosks, enabling real-time data collection that enhances customer engagement and experience. For example, in March 2023, Major League Soccer (MLS) selected Ticketmaster as its official ticketing partner, aiming to enhance the customer experience through interactive tools like 3D stadium views. This integration of smart ticketing with advanced technology to create a connected and unified customer experience is a notable factor driving market growth.

Component Segmentation Insights:

In 2022, the hardware segment led the smart ticketing market, accounting for over 51% of the revenue. The widespread adoption of smart hardware solutions has empowered transport operators to issue and validate tickets using a single interface, facilitating a more advanced ticketing infrastructure. Demand for hardware solutions is further driven by the need to upgrade legacy ticketing systems to modern, digital platforms that support smart ticketing, thereby strengthening the hardware segment’s position.

Meanwhile, the service segment is anticipated to experience substantial growth over the forecast period. A straightforward, user-friendly ticketing system is essential to increase public transportation use. Smart ticketing providers are increasingly focused on offering integration and deployment services to make smart ticketing systems more accessible. One of the notable services offered by these companies is Mobility as a Service (MaaS), which enables comprehensive booking and payment processes. MaaS, as a holistic service offering, facilitates smooth travel planning and payment, further promoting the adoption of public transportation.

Order a free sample PDF of the Smart Ticketing Market Intelligence Study, published by Grand View Research.

[sophiamerlin]

Leveraging AWS Cloud in the Automotive Industry

The automotive industry is rapidly evolving, driven by technological advancements and changing consumer expectations. One of the most significant enablers of this transformation is cloud computing, particularly Amazon Web Services (AWS). By providing scalable, flexible, and secure cloud solutions, AWS is helping automotive companies innovate and enhance their operations.

If you want to advance your career at the AWS Course in Pune, you need to take a systematic approach and join up for a course that best suits your interests and will greatly expand your learning path.

1. Connected Vehicle Solutions

Connected vehicles generate massive amounts of data from sensors, GPS, and infotainment systems. AWS offers services that allow automotive companies to process and analyze this data in real time. With AWS IoT Core, manufacturers can securely connect vehicles to the cloud, enabling data collection and communication between vehicles and cloud applications. This connectivity enhances vehicle performance, safety, and the overall driving experience.

2. Over-the-Air (OTA) Updates

AWS provides the infrastructure necessary for seamless over-the-air software updates. Automotive manufacturers can use AWS services like AWS Lambda and Amazon S3 to deliver updates directly to vehicles, ensuring that they have the latest features and security patches. This not only improves vehicle functionality but also reduces the need for customers to visit dealerships for routine updates.

3. Data Analytics and Machine Learning

The cloud’s analytics capabilities are crucial for the automotive industry. AWS offers a suite of analytics tools, such as Amazon Kinesis and Amazon Redshift, that enable manufacturers to analyze vast datasets for insights into vehicle performance and customer behavior. Additionally, AWS’s machine learning services, including Amazon SageMaker, allow companies to build predictive models for maintenance, helping to identify potential issues before they escalate.

4. Autonomous Driving Technologies

AWS plays a vital role in the development of autonomous vehicles. The cloud provides the computational power necessary to process data from numerous sensors and cameras. With AWS, automotive developers can leverage high-performance computing resources to train machine learning models for perception, decision-making, and navigation in real time. This capability is essential for creating safe and reliable autonomous driving systems.

To master the intricacies of AWS and unlock its full potential, individuals can benefit from enrolling in the AWS Online Training.

5. Supply Chain Management

Managing a complex supply chain is critical for automotive manufacturers. AWS helps streamline supply chain operations through its robust data storage and processing capabilities. By utilizing services like Amazon S3 for storage and AWS Glue for data integration, companies can gain better visibility into their supply chains, optimize inventory, and improve logistics. This leads to reduced costs and enhanced efficiency.

6. Enhanced Customer Experience

Using AWS, automotive companies can create personalized experiences for their customers. By analyzing data from connected vehicles and customer interactions, manufacturers can offer tailored services, such as customized maintenance alerts or personalized infotainment options. AWS’s customer engagement services, like Amazon Pinpoint, enable companies to communicate effectively with their customers, enhancing satisfaction and loyalty.

7. Mobility Solutions and Smart Cities

As urban mobility evolves, AWS supports the development of Mobility as a Service (MaaS) applications. By harnessing AWS’s scalable infrastructure, automotive companies can integrate various transportation modes into a single platform, allowing users to plan their journeys efficiently. Additionally, AWS can facilitate smart city initiatives by providing the necessary data and analytics to optimize traffic flow and transportation services.

Conclusion

The automotive industry is on the brink of a major transformation, and AWS is at the forefront of this revolution. By leveraging AWS cloud services, automotive manufacturers can enhance connectivity, improve vehicle performance, streamline operations, and create a better customer experience.

As the industry continues to evolve, AWS will play a crucial role in shaping the future of mobility, making it safer, smarter, and more efficient. Embracing AWS cloud solutions is not just a competitive advantage; it’s a strategic necessity for automotive companies looking to thrive in today’s dynamic landscape.

[beritahangat7788]

Kemenhub dukung iklim ekosistem transportasi ramah lingkungan di IKN

Plt. Direktur Angkutan Jalan Kementerian Perhubungan Muhammad Fahmi menyampaikan keterangan kepada awak media di Jakarta, Rabu (25/9/2024). ANTARA/Aji Cakti

Jakarta (ANTARA) - Kementerian Perhubungan (Kemenhub) mendukung iklim ekosistem transportasi ramah lingkungan di Ibu Kota Nusantara (IKN), Kalimantan Timur.

"Jadi memang sekarang sudah kita mulai bahwa kawasan IKN itu kawasan yang memang berbasis dengan kendaraan yang bebas emisi. Itu sudah kita canangkan dan itu sudah berjalan saya kira," ujar Plt. Direktur Angkutan Jalan Direktorat Jenderal Perhubungan Darat Kementerian Perhubungan Muhammad Fahmi di Jakarta, Rabu.

Dia menyampaikan bahwa IKN ini memang sudah didedikasikan bahwa apapun yang ada di ekosistem di IKN itu adalah ekosistem yang harus mendukung terhadap energi ramah lingkungan (green energy).

"Jadi kami dari Kementerian Perhubungan sangat mendukung dengan iklim ekosistem yang ada di IKN," katanya.

Berdasarkan Lampiran Peraturan Presiden Nomor 63 Tahun 2022 tentang Perincian Rencana Induk Ibu Kota Nusantara, pembangunan IKN mengadopsi kota hutan (forest city) menjadi solusi berbasis alam (nature based solution).

Pembangunan Ibu Kota Nusantara dan pelestarian lingkungan diharapkan dapat berjalan serasi dengan mengoptimalkan ilmu pengetahuan dan teknologi. Hutan juga membuat Ibu Kota Nusantara menjadi kota layak huni (liveable city) yang memberikan beragam keuntungan ekonomi, sosial, dan lingkungan.

Penerapan pembangunan IKN sebagai Kota Hutan juga sejalan dengan tujuan pencapaian Net Zero Emission pada tahun 2060.

Dengan demikian untuk mendukung hal tersebut, IKN mengadopsi perjalanan masa depan di mana perjalanan dan pengalaman perjalanan yang lebih baik melalui makin beragamnya opsi moda transportasi yang mengedepankan solusi alternatif yang lebih berkelanjutan.

Perjalanan masa depan juga merangkul inovasi untuk meningkatkan perjalanan melalui mobility as a services (MaaS), pencarian rute dinamis dan mode mobilitas masa depan, termasuk kendaraan listrik atau electric vehicle (EV), serta Connected Autonomous Vehicles (CAV) untuk transportasi umum.

Salah satu implementasinya adalah Kendaraan dan angkutan otonom tanpa emisi yang diizinkan memasuki kawasan perkotaan Ibu Kota Nusantara diterapkan bertahap sampai dengan 2045.

Penggunaan kendaraan listrik dan pembangunan infrastruktur pendukungnya juga menjadi bagian dari strategi pembangunan energi terbarukan di Ibu Kota Nusantara. Hal ini menjadi bagian dari upaya pencapaian target Net Zero Emission.

Baca juga: Kemenhub pamerkan kinerja transportasi lewat ajang "Hub Space 2024" Baca juga: Komisi V DPR menyetujui tambahan anggaran Kemenhub 2025 Rp6,69 triliun Baca juga: ICAO: Keamanan penerbangan Indonesia di atas rata-rata dunia

[automotiveera]

BEV Category Witnessing Fastest Growth in Germany Autonomous Vehicle Market

The Germany fully autonomous vehicle market is projected to be worth USD 28 billion by 2030, growing at a CAGR of 20.2% during 2023–2030.

This significant growth prediction of the market is due to surging need for a safer and more efficient driving option and government initiatives in the direction of adoption of autonomous vehicles. Germany is the first country across the world to sanction semi and fully autonomous driving systems.

Prominent players in the market are working on level 4 and level 5 autonomous vehicles and they have the permit to test driverless vehicles on public roads. Some cities have approved to run pilot fleets to assess the technology in remote areas by developing conditions similar to real world.

Semi-autonomous vehicles and fully autonomous vehicles are two categories in the vehicle autonomy segment. The semi-autonomous vehicles held 100% market share. Presently, only semi-autonomous vehicles (level 1 to level 3) are on roads in which acceleration/deacceleration and steering can be controlled by the vehicle itself, but the driver has to be behind the wheel and stay alert so that he/she is be able to control the functions in an emergency.

Though, the demand for fully autonomous vehicles, which are soon to be marketed, is expected to grow at a considerable rate. This is owing to surging use of level 4 and level 5 autonomous vehicles for personal usage and sharing services.

Based on vehicle type, the market has been divided into ICE, HEV, and BEV. The BEV category is expected to show the fastest growth during prediction period. This to owing to the surging demand for innovative and sophisticated technologies in the country.

With the continuous developments in autonomous driving systems, surging demand for driverless cars, increasing pollution levels globally resulting in want for EVs and government support, the market for autonomous vehicles is all set for a bright future.

[industrynewsupdates]

Key Technology Solutions Shaping the Future of the Smart Transportation Market

The global smart transportation market was valued at USD 110.53 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 13.0% from 2023 to 2030. This growth is primarily fueled by advancements in urban development projects, government initiatives aimed at reducing greenhouse gas emissions, and the rising demand for integrating technology into traffic control systems. Many cities face significant challenges, including poor quality and safety in public transportation, insufficient capacity to manage public transport effectively, concerns regarding road safety, inadequate traffic management, and parking difficulties. These issues are contributing to an increased demand for smart transportation systems, which are expected to see substantial growth in the near future. Factors such as rapid urbanization, the widespread acceptance of Internet of Things (IoT) technologies, and the rollout of 5G connectivity are facilitating the implementation of smart transportation infrastructure.

Between 2018 and 2019, the market witnessed substantial growth due to the application of existing technologies in vehicles and transportation infrastructure aimed at enhancing traffic management, improving safety, reducing maintenance costs, and enabling more efficient use of transportation networks. Additionally, the introduction of autonomous vehicles, increased investment in smart city initiatives, a decline in vehicle ownership, and the growth of Mobility as a Service (MaaS) are likely to create significant opportunities for companies in the smart transportation sector.

For instance, in September 2022, Indra Sistema S.A. announced a collaboration with Masmovil Group, a broadband service provider, to create an advanced ecosystem that will promote the growth of smart 5G services and solutions for the transportation industry. This partnership aims to develop and test innovative solutions based on the 5G communication standard, facilitating smarter, more connected, and sustainable mobility.

Gather more insights about the market drivers, restrains and growth of the Smart Transportation Market

Solution Insights

In 2022, the traffic management segment held the largest market share, accounting for over 32%, and is expected to remain dominant throughout the forecast period. Key solutions within this segment include integrated monitoring systems, intelligent parking systems, transportation planning systems, and ticketing management solutions. Among these, traffic management systems are the most recognized and widely adopted.

The demand for traffic management systems is driven by their ability to enhance safety, effectively manage traffic congestion, minimize energy consumption, and reduce pollution, among other benefits. These systems also address traditional challenges such as transit delays and enhance security for citizens.

For example, in August 2022, LG CNS announced plans to develop systems for both public transit and electric vehicles. The company aims to provide consulting services for smart city design projects in East Kalimantan, Borneo Island, and Indonesia's new capital city. Furthermore, LG CNS is working on establishing a foundational plan for introducing electric vehicles and developing public transit networks.

Another segment expected to experience significant growth is parking management. This segment encompasses systems such as exit ticket readers, decentralized payment collection systems, and ticket dispensers at entry and exit points. The rise in cloud-based parking services and the increasing availability of off-street parking are driving this segment's expansion. For instance, following the COVID-19 pandemic, various jurisdictions reinstated parking fines for off-street parking. In May 2020, the Lancaster City Council reintroduced parking fees in some of its off-street parking areas.

Order a free sample PDF of the Smart Transportation Market Intelligence Study, published by Grand View Research.