Smart transportation systems to decongest urban mobility and improve quality of life were higly debated last week in Barcelona at Smart City Expo World Congress. As there is an increasing demand for smart parking solutions, traffic control and guidance systems, connected vehicles stand out as one of the most innovative ideas.
Recent ‘Connected Vehicle Trend Radar‘ by Capgemini reports about 119.4 million connected vehicles are currently operating in the world, but sales will reach up to 353 million units by 2023, feeding a global market of 31.5 billion US dollars. China will gradually emerge as the dominant region, growing its market share up to 23.5% by 2023. Analysts agree the Chinese boom in the connected vehicles arena is due to the country’s rising wealth, but also to the high proportion of young people and Millennials, who are more open to new technologies, and familiar with digital and mobile systems.
The success of connected vehicles and autonomous cars is strongly linked to other disruptive technologies, including 5G, Artificial Intelligence and blockchain. According to Capgemini, more than 30% of automotive OEMs have AI-based use cases in places for enhanced driver experience, and 53% for extended mobility services.
But analysts are also flagging the need to provide open data platforms to create innovative ecosystems and accelerate the development of new applications for urban and long range mobility, parking management, traffic videosurveillance, and more.
Did you know that smart, open solutions are already helping to reduce congestion in some big Cities around the world? In South Korea, Intelligent Transportation Systems increased average vehicle speed by 20% and decreased delay times on some critical roadways by 39%. In Singapore, the current congestion management platform increased traffic flows by 90%.