US Smart Transportation Market

Demand for smart transportation solutions in the United States is beginning to take off, pushed along by factors reconfiguring demand and supply. The most important reason, however, is the urgent need for increased efficiency and reduced congestion in metropolitan areas. With urban area expanding and population density rising, people's demand for intelligent transportation systems in which traffic flows normally to reduce commuting time or address congestion-related problems is on the increase. Web-based, smart transportation technologies such as real time traffic monitoring, adaptive traffic signal controls and integrated mobility solutions are becoming more necessary for modern urban planning.

In an environment increasingly centered on sustainability and a desire to reduce carbon emissions in the US, electric vehicles (EVs) are becoming ever more attractive. In addition to building up the EV-charging infrastructure, spurred on by incentives for adopting electric vehicles of all kinds is stimulating demand for new and cleaner forms of transportation. The smart transportation technologies are also in line with national goals for cleaner fuels and a greener, more sustainable transport system. Demand for smart transportation services is hampered by the rise of the sharing economy and changing consumer preferences. Ride-sharing, bike-sharing and micro mobility options have become popular with consumers keen on convenient transport. This change in behavior is also spurring the emergence of MaaS platforms, which integrate different modes of transportation into a single, unified and user-friendly experience. So, with its promise of personalized, efficient and cost-effective mobility solutions. the demand for smart transportation grows stronger.