IoT In Intelligent Transportation System Market Segmentation Detailed Study with Forecast to 2025

Global IoT in Intelligent Transportation Market: Snapshot

With the concept of smart cities taking off, smart transportation which is IoT in intelligent transportation has become highly popular. Leveraging sensors, Bluetooth and Wi-Fi, and data analytics – it comprises IoT in intelligent transportation – road safety can be improved, traffic congestion can be eased, accidents can be averted, fares collection can be effective, and useful insights can be gained about commuters’ behavior and preferences.

The IoT in intelligent transportation serves to integrate communications and information processing across transportation systems for dynamic real-time interaction. Even though in its early stages, IoT in intelligent transportation can disrupt the way people commute big time.

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Take for example the Global Positioning System, popularly referred to as the GPS. Combined with the modern transformative IoT and cloud, it spells a whole new world of possibilities. At present, all combined can monitor route progress, apart from the basic of providing a direction. For instance, those can indicate when the traffic slows owing to road construction, accidents, and others.

Both startups and tech giants have jumped into the space, with a range of innovations. Take for example Apple and Google. Both have suggested telematics standards to enable mobile devices running on their operating systems to be controlled via the dashboard controls and displays on their vehicles.

Similarly, in the U.S., the National Highway Transportation Safety Administration is working wireless communications between vehicles in order to control accidents, reduce consumption of fuel, and make travel more efficient.

In fact, vehicle-to-vehicle technology is expected to pave the way for more futuristic auto safety improvements.

With efforts and initiatives such as these and plunging prices of sensors, the global IoT in intelligent transportation is expected to explode in the forthcoming years. This would also change the way we travel completely.

Global IoT in Intelligent Transportation System Market: Overview

Internet of Things (IoT) is changing the way almost anything and everything functions. Transportation is one such area where it is set to have a far-reaching impact with intelligent transportation system (ITS). It serves to optimize the fleet management and logistics, traffic management, and driver assistance systems. ITS has enabled automating of roadways, railways, marine vessels, and airways. Such benefits are expected to result in exponential growth in the global IoT in intelligent transportation system market in the next couple of years, predicts a recent report by TMR Research.

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