Autonomous or smart transportation has gone from being a concept to a fast-evolving reality in the space of just a few years. Studies predict a very high growth rate in the deployment of technologies in automotive applications, examples being:
- “Smart transportation market worth $139Bn by 2020” (Markets and Markets, 2015).
- “22 billion sensors used in the automotive industry per year by 2020” (Automotive Sensors, 2017).
- “The automotive sector is the largest consumer of micro-controller systems, with a market estimated to be worth $27Bn by 2020” (Grand View Research, 2015)
All aspects of the transportation system will be touched by these dramatic developments, not just cars, but also buses, parking systems, planes, trains, traffic management, trucks and, of course, all important safety systems. New devices are therefore now universally seen as key to enabling Smart Transportation.
