The Future Of Smart Transportation Lies With Satellite Technology

The ever-changing technology landscape has completely revolutionized the transportation sector. Since the invention of the wheel, we have come a long way. Today, we are moving toward a future when an autonomous car would pick passenger up and drive through rush hours to reach destination. Smart transportation is the next-big thing in the transportation sector.

According to Allied Market Research, the smart transportation market is expected to reach $251.0 billion by 2030, growing at a CAGR of 10.2% from 2021 to 2030. Rise in need for efficient transportation networks across the globe, surge in road safety & traffic congestion issues, and government initiatives for development & promotion of green fuels have boosted the market growth.

Smart transportation involves integration of modern technology and management strategies into transportation systems. It is rethinking of traditional modes of movements using latest technologies. The goal is to use innovations including internet of things (IoT), 5G communication technology, and artificial intelligence (AI) to make transportation safer and more efficient. Furthermore, smart transportation revolves around the idea to minimize harmful effects on the environment, which refers lowering energy consumption and air pollution. Several aspects of smart transportation have already made its way in the market. Many companies have invested big bucks in developing connective infrastructure and adaptive signaling.  

Smart transportation depends on satellite data that allows vehicles and infrastructure to adapt changing conditions including traffic monitoring, location of vehicles, and weather conditions. With the development in satellite communication and IoT, smart transportation would be revolutionized. For now, the satellite data collected from land-based networks deals with information sent between the vehicles and infrastructure. However, space data collected from satellites would make the transfer of information much easier and faster. What’s more, it would make the transportation fail-safe; even if some data networks break down, satellite can collect and receive data.

Detailed Market Study

Satellite technology is constantly improving, which would enhance road safety and make travel more convenient. Not only this, satellite data can detect weather conditions and offer forecasts about blizzards and warn passengers about road conditions. Moreover, it can redirect driver on alternate route or service station, which would save lives and reduce road accidents due to harsh weather conditions. Apart from passenger cars, satellite data would help revolutionize the use of drones and ships. As satellite data can monitor the time of ship’s docking, it can predict speed and location of the cargo. This would increase transparency in the supply chain. Moreover, pollution around port can be monitored and controlled to minimize. The use of drones to deliver packages is the most exciting part of smart transportation. Satellites can detect their location and ensure that they are flying through a safe, unobstructed part.

Such developments have encouraged more and more companies to invest in smart technologies. In the future, mobility-as-a-service would be an asset in meeting transportation needs. Companies such as Uber could thrive under the boom of smart transportation. What’s more, access to mobility would be more important than ownership and major automotive companies would develop their product line accordingly.

 

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