United States Smart Transportation Industry Research Report to 2032

US Smart Transportation Industry Highlights & Dynamics

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.

Therefore, government incentives and investment are key to creating demand for smart transportation in the U.S., with Federal, state and local governments funding all manner of smart infrastructure projects, intelligent transport systems (ITS) applications as well as major R & D efforts capable of enhancing national transportation capability. Funding and incentives from governments promote smart cities: Technologies that increase connectivity, relieve congestion, improve overall transportation efficiency are all being deployed. Advances in technology and the continual iteration of connected technologies are fueling a rise in demand for intelligent transportation. Monitoring and optimizing transportation infrastructure and vehicles with Internet of Things (IoT) devices, sensors, and data analytics can be done in real time. This data-driven approach means improved safety, better traffic management and invaluable decision making information. As technology advances, the need for smarter and connected transportation solutions will increase.