The technology to power connected cities exists today—and continued growth is predicted. Will all our cities soon be connected? Or do hurdles stand in the way? Perhaps one of the biggest challenge will be overcoming regulatory hurdles that could slow the progress down.
Technavio says the autonomous bus market, as an example, will grow by 2364 units during 2020 and 2024, which is a growth rate of 32%. At the end of last year, IDTechEx also predicted that that the robotaxi services will become a $2.5 trillion market by 2040. Further, if you were at CES earlier this year, then you know intelligent transportation systems and autonomous vehicles were big trends at the show and it is a topic that has been covered in depth over on Constructech TV.
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