At Zpryme, we’ve talked a lot about smart grids, smart energy and smart cities. In this report we explore a key piece of smart cities that nicely intersects with energy: smart transportation. Smart Transportation: Definitions and Market Outlook kicks off Zpryme’s research into the smart transportation marketplace. This report outlines the basics of smart transportation, including the evolution of smart transportation—such as its definition and key components—along with the market outlook for smart transportation technologies. Included in this report are also discussion questions that need further conversation and research. In this initial report we chose to focus on the transport of people within smart cities.
Report Topics
- Discussion Questions
- Recommendations and Opportunities
- Smart Transportation Defined
- Smart Transportation Components: Vehicles, Infrastructure, You
- Smart Transportation Outlook and Forecast
Key Findings
- Smart transportation is where smart grid was several years ago—pockets of it are happening, but nothing on a large scale just yet. We do expect to see significant growth in the coming years. The global smart transportation ICT market will grow from $10.1B to $39.9B between 2015 and 2023.
- Vehicles are increasingly automated, but fully autonomous vehicles are still a ways off. There will be few limited self-driving and full self-driving vehicles until the 2020s when they finally start to take off. The limitation is primarily technology, but many companies such as Google and Cadillac are working on it.
- Most the growth we’ll see is with infrastructure upgrades, communication networks, and the rise of the Internet of Things. Investments in smart infrastructure technologies will reach $25 billion globally by 2023.
Figure. Smart Transportation ICT Spending Outlook, 2015 to 2023 (in billions)
Source: Zpryme
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