Cumulative Revenue for Global Urban Mobility Technologies is Expected to Reach $240.9 Billion in 2027
June 21, 2018 | Navigant ResearchEstimated reading time: Less than a minute
The need to provide clean, decarbonized, and efficient transportation is crucial to solving many of the most serious challenges facing cities including air pollution, traffic congestion, and greenhouse gas emissions. Technologies such as EVs, automated vehicles, intelligent transportation systems, smart parking systems, last-mile logistics, mass transit innovations, and mobility as a service options are expected to approach mainstream adoption within the next decade. According to a new report from @NavigantRSRCH, cumulative revenue for global urban mobility technologies is expected to reach $240.9 Billion in 2027.
“To support the vision of a cleaner, more connected, and automated transportation system, cities must prepare for the future by investing in physical infrastructure such as EV charging and digital infrastructure through data platforms and 5G networks,” says Ryan Citron, senior research analyst with Navigant Research. “It is also important that readily accessible and proven technologies are not ignored in the pursuit of future solutions.”
According to the report, currently available technologies such as adaptive traffic control and smart parking systems have demonstrated effectiveness in reducing traffic congestion, although both remain underutilized by cities.
Suggested Items
Industrial PC Market Size to Record $1.75 Billion Growth from 2023-2027
05/03/2024 | PRNewswireThe global industrial pc market size is estimated to grow by USD 1.75 billion from 2023 to 2027, according to Technavio. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of almost 6.29% during the forecast period.
Real Time with… IPC APEX EXPO 2024: Sigma Engineering's Recycling and Regeneration Systems for PCB Etching
05/02/2024 | Real Time with...IPC APEX EXPOEvan Howard of Schmoll America interviews Kristoffer Bjorklund, Sigma Engineering's supply chain manager. We learn about Sigma's recycling and regeneration systems for PCB industry etching and the benefits and challenges of implementing these systems in existing factories.
QinetiQ Achieves UK’s First Jet-to-Jet Teaming Between Aircraft and Autonomous Drone
04/29/2024 | QinetiQQinetiQ has successfully trialled the UK’s first Crewed-Uncrewed-Teaming demonstration between a crewed aircraft and an autonomous jet drone.
Lockheed Martin Successfully Transitions Long Range Discrimination Radar To The Missile Defense Agency
04/23/2024 | Lockheed MartinThe Long Range Discrimination Radar (LRDR) at Clear Space Force Station in Clear, Alaska, completed DD250 final acceptance and was officially handed over to the Missile Defense Agency in preparation for an Operational Capability Baseline (OCB) decision and final transition to the Warfighter. In addition, prior to this transition, the system has started Space Domain Awareness data collects for the United States Space Force.
Real Time with... IPC APEX EXPO 2024: AI Implementation at Omron
04/18/2024 | Real Time with...IPC APEX EXPOEditor Nolan Johnson and Omron Product Manager Nick Fieldhouse discuss the company's focus on AI implementation to enhance customer experience and results. They address programming challenges and how AI can help customers achieve better outcomes with less experience. Omron's AI is compatible with existing systems, facilitating easy upgrades.