The Future of Transportation and Expert Networks’ Role in It
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By 2027, analysts estimate that the global market for transportation services will reach a value of US$7.8 trillion (!).
There are several drivers behind today's major mobility and transportation technology advances, including the need to adapt to changes in human behavior, safety, and aspiration?for sustainability.
Self-driving vehicles VS human error
In terms of safety, one of the major trends refers to self-driving vehicles, which, surprisingly, can significantly reduce the number of accidents that occur due to human error.
Artificial intelligence (AI) algorithms have the potential to take the place of human drivers. This will accelerate the industry's transition to level-5 autonomous vehicles, which will not even be equipped with a steering wheel or acceleration/braking pedals.
Recently it has been revealed that China, in specific urban areas, will permit the testing of certain “intelligent connected vehicles” (ICVs) on public roads. The country’s Ministry of Industry and Information Technology stated that the testing is for levels 3 and 4 of the five categories of self-driving vehicles in China.
ICVs are defined as vehicles able to share various traffic, driver, and passenger information between one another, as well as between smart roads and a cloud. They are also aware of their surroundings and can analyze data to make smart decisions. Last but not least, these vehicles can also be driverless.
You might want to check out this autonomous-driving bus in Guangzhou, China
Hyperloop – the ultra-fast public transportation
The concept of “Hyperloop” pioneered in 2013 by Elon Musk, the founder of SpaceX and Tesla, was expected to be operational by now. That hasn't exactly been the case, though.
The Hyperloop is a proposed high-speed transportation system. It involves the use of capsules or pods in which people travel through tubes or tunnels with low air pressure to reduce friction. Such technology allows the pods to travel at extremely high speeds, making long-distance travel much faster than conventional trains or cars.
Numerous businesses have been trying to create their own variants of the hyperloop. Technology University of Munich is the brains behind TUM Hyperloop, which is currently being developed.
The passenger pod from TUM Hyperloop was unveiled during the 2023 IAA car exhibition in Munich. The organization has constructed a tube that is roughly 24 meters long. Despite the limited distance, TUM Hyperloop is attempting to check the functionality of the system?before proceeding with the construction of a longer track.
Smart roads, bridges, and traffic systems
To control and improve the situation on the road, making traffic flow smoother and driving safer by reacting in real-time to various conditions, researchers suggested the concept of “smart infrastructure” . The term encompasses:
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In addition, smart infrastructure can monitor a vehicle’s speed or lane direction. This technology is already being tested and used in Singapore.
Check out our article Smarter, safer and traffic-free – is this the new face of the transportation industry? to learn more about the future of transportation.
Micromobility – compact vehicles VS traffic jams
Micromobility represents the variety of compact human- or electric-powered means of transport that don’t travel faster than 48 km/h. This includes bicycles, e-bikes, e-scooters, and others.
Needless to say, such means of transportation are gaining ground in various parts of the world not only due to their availability but also because of their compact size.
In some regions the number of such vehicles is so big (like the Netherlands), that local authorities implement new laws to regulate traffic.
For instance, to improve the safety of e-scooters in several cities in Scandinavia, Ryde, which runs over 30,000 e-scooters in 25 cities in Finland, Sweden, and Norway decided to team up with Luna Systems to develop an AI camera, that allows its vehicles to decelerate intelligently when needed.
Experts have carried out a study that shows how fast the micromobility market will grow. According to their estimates by 2032 its value will hit $231 billion.
Want to learn more about future micromobility trends?
You might want to check out these reads as well:
What Role Do Expert Networks Play in The Future of Transportation?
Expert networks play a critical role in advancing innovation, advancing sustainability, cultivating public-private partnerships, leveraging?data and artificial intelligence, and fostering international cooperation in the transportation industry.
You can also check out our article: Expert Networks can help your business tackle climate change. Here’s how.
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