With rising levels of automobile traffic congestion and its environmental impact, there are now more efforts focused on finding ways to make urban travel more efficient. A catalyst for this change has been the principle of Open Data, which is where cities release as much data as possible about local transport, allowing companies to tailor services that fill gaps in coverage.
As a report from the World Economic Forum makes clear, we’re at the start of a mobility revolution. By 2040, more than half of new cars sold in the world will be electric vehicles, with 70 percent of market share in Europe, and over 50 percent in China.
From a total spending perspective, discrete manufacturing and transportation will each exceed $150 billion in spending in 2022, making these the two largest industries for IoT applications spending.
Berg Insight released the findings from their latest global market study. The number of active tracking devices deployed for cargo loading units — including trailers, intermodal containers, rail freight wagons, air cargo containers, cargo boxes and pallets — reached 3.7 million worldwide in 2017.
Globally, the U.S. and China are ahead in the self-driving race. Germany and Japan, despite being famous for their autos, are behind. “The key difference is AI,” said Tony Han, co-founder of China-based autonomous vehicle company JingChi. “China and the U.S. are leading in AI.”
Source: Knowledge at Wharton
“All over the world, the way people get around is changing quickly. However, it’s possible that there’s no greater hub for developing the future of transportation technology than the Netherlands.”
A new market study from Juniper Research has found that the sharing economy is now primed to experience substantial growth, as players in more established sectors — such as transport and residential or commercial space — press their first mover advantage.
Source: Digital Lifescapes