HyperConnected World: Travel & Transportation
Travel & Transportation is becoming a priority to more people in rising economies: More people will travel farther faster. Better transportation opens more opportunities for shopping, employment, and social interaction beyond ones own neighbourhood or village, but longer commutes decrease the amount of time available for such activities. Situation around us is changing rapidly today, progressive aging of society in developed nations, increased population growth and urbanization in emerging nations, and an increasingly diverse range of energy sources. Technological innovations are rising what is expected from the automobile not just as a means of transport to something that plays additional roles in peoples life and society.
The hyperconnectivity of everyone and everything is becoming the reality of for individuals, society and nations to interact. The disrupting power of hyperconnectivity will leverage to create further combination of travel and transportation solutions. Hyperconnectivity is a major driving factor of innovation, especially in travel and transportation, which can be made more comfortable and more eco- friendly in the near future.
The Internet of Things (IoT) and Machine to Machine (M2M) communications are the main building blocks of the hyperconnectivity. The global mobile phone subscriptions are estimated to soar from $5.6 billion in 2012 to $7.6 billion by 2017. The huge growth in mobile phone subscriptions will drive the M2M SIMs for all active handsets.
IoT and M2M connections in transportations are expected to be triple from 2012 to 2017. By 2025, 90% of all newly sold cars will be able to communicate with other cars and infrastructure, which represents the market size of around $22 billion. The IoT and M2M communication market is expected to grow from $44 billion in 2011 to $290 billion in 2017, at a CAGR of 30.1% from 2011 to 2017.
RFID being the vital element of IoT and M2M communication is very useful in tagging vehicles, containers and products for tracking them. RFID are expected to increase exponentially from 15 million tags in 2012 to 250 million tags in 2025.
Industry Impact: Real-Time Tracking
Manufacturers of various transportation modes such as Car, train and airplane will use tagging to track vehicle/fleets and its related parts and manage inventory proficiently. Airlines, rail service providers and hotels will tag luggage to improvise control and all maintenances & supporting services. The healthcare/medical & Pharma industry will eventually tag devices/equipments/products to restock used items more effectively.
ICTs help for Hyperconnectivity
Information communication and technology (ICT) can help and will change through some game changer technologies such as Cloud Computing, Big data, Mixed & Fixed line communications, Augmented Reality, Virtual reality, Virtual personal Assistants, Biometric Identification, Contactless Payments such as NFC, Advanced Printing & Scanning technology such as 3D Printers and 3D Scanners.
Hyperconnectivity solutions for Travel & Transportation
The hyperconnectivity solutions will create opportunities for all stakeholders of travel & transportation. Some of the innovative solutions for:
Information and Navigating: IPITA (Integrated proactive intermodal travel assistant), TATLO (Tracking and transparency based logistics optimizer), COMET (Condition based megacity traffic management)
New ways of communicating: Holographic Communication Platforms, Mobile Living Room and Virtual Office
New forms of mobility: Integrated Intermodal Mobility Provider, Driverless Swarm Car Service, Logistics Drones, Mobile Pop-Up Hotels
Safety and Security: ACIS (Fully automated check-in, security & border control/smart visa), Preventative Vehicle Maintenance and Safety Systems, Vehicle Operator and Passenger Healthcare Analytics
Related Reports:
Big Data Market By Types (Hardware, Software, Services, BDaaS - HaaS, Analytics, Visualization as Service), By Software (Hadoop, Big Data Analytics and Databases, System Software (IMDB, IMC): Worldwide Forecasts & Analysis (2013 – 2018)
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