How the Internet of Things makes transportation better
The transportation industry is following the lead of every other sector by implementing IoT development trends in an effort to better serve their customers. According to Allied Market Research, the value of the global IoT in transportation market was $83.25 billion in 2020 and is expected to reach $495.57 billion by 2030, with a compound annual growth rate (CAGR) of 19.9 percent from 2021 to 2030.
IoT is revolutionizing the transportation sector. There are still many hidden aspects of this sector that have yet to be discovered. Let's understand the ways in which IoT will improve the transportation sector. The Internet of Things and its Potential Benefits for the Transportation Sector.
1) Toll Plaza
We can all agree that the number of cars on the road keeps growing. The number of people waiting in line at the toll plaza increases accordingly. The use of Fast tags has been instrumental in decreasing wait times, but the Internet of Things promises even more radical improvements.
One example is an Internet of Things (IoT)-enabled toll plaza that can sense a vehicle's presence from a great distance, charge the driver's linked bank account, and email the driver an electronic receipt. It will reduce congestion by allowing cars to drive right through the toll booths.
2) Vehicle connectivity
Most automobiles today are built with Internet of Things connectivity in mind and can perform basic driving tasks with relative ease. Drivers receive warnings from the Internet of Things when they exceed predetermined speeds, when roads are wet, when seatbelts aren't being worn, when it's time to take a break, and so on.
In addition, the monitoring system records information about drivers' actions and driving habits for use in optimizing fleet operations. Information on fuel economy and travel distance is gathered by the vehicles. The system also provides information on how far they can travel given their current fuel levels. With the help of IoT integration, most modern automobiles can also automatically adjust their speed based on the car in front of us.
3) Traffic Management
When applied correctly, IoT has the potential to revolutionize the way in which traffic is controlled. It will increase the street's carrying capacity without necessitating the construction of new roads in the area. If we implement the Internet of Things (IoT) correctly, we can make the entire city smart.
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Installed CCTV cameras, sensors, routers, and cellular technologies allow us to monitor and manage traffic by allowing us to change the settings of things like highway exits, expressway bulletin boards, bus lanes, speed limit, traffic signals, and so on. The implementation of IoT can also improve other apps that help deal with traffic congestion.
Automatic Parking Systems
The parking system's road sensors can send a signal to the driver's navigation system informing them of available parking spaces in real time.
High-Tech Traffic Lights
The traffic signals can be automated thanks to the road sensors' ability to monitor and respond to traffic patterns. There is also the option for alerts to be sent to drivers in the event of unusual traffic. In bad weather or when it's dark out, the lights will automatically adjust to send out a stronger signal.
An Intelligent Ambulance
Ambulance drivers can get directions on the quickest route with the least amount of traffic thanks to road sensors and surveillance cameras. To help drivers act quickly in an emergency, it can display a list of nearby hospitals along with information about their availability right on the car's dashboard.
In addition to managing traffic signals, it can notify nearby drivers to make way for an ambulance.
Powered by IoT, Intelligent transportation systems (ITS) are state-of-the-art applications with the overarching goal of improving travel experiences by informing and assisting users in making more informed decisions about how and when to use various modes of transportation and traffic management. The Internet of Things (IoT) has the potential to significantly improve transportation in many ways, including security, productivity, upkeep of vehicles, and management of traffic flow.