IOT IN TRANSPORTATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In September 2021, Siemens Mobility, a leading provider of transportation solutions, signed a agreement with the National Authority for Tunnels (NAT) in Egypt to deliver a comprehensive rail system that will feature the country's first-ever high-speed, electrified main and freight rail line, transforming Egypt's transportation infrastructure.
• In June 2021, Kapsch TrafficCom, a leading global provider of intelligent transportation systems, announced that it had received a project from Plenary Infrastructure Group (Australia) to install a new toll collection system on Louisiana Highway (LA-1) for the Louisiana Department of Transportation and Development (LADOTD). This project is an amendment to Kapsch's existing contract with Plenary, where the company provides an end-to-end all-electronic tolling system and related maintenance services for the major Belle Chasse Bridge and Tunnel replacement project in Louisiana.
• In February 2020, NimbeLink, a leading provider of cellular-based asset tracking solutions, partnered with Amazon Web Services (AWS) to launch its LTE-M asset tracking offerings on the AWS IoT platform. This partnership enables seamless integration of NimbeLink's solutions with AWS IoT Core, allowing customers to securely manage and monitor the location and condition of critical remote assets at scale.
• In January 2020, Verizon, a leading provider of telecommunications services, announced a partnership with Audi of America to deliver advanced connectivity and embedded in-vehicle Wi-Fi solutions. These solutions were initially featured in the 2020 Audi A4 and A5 model lines, enabling Audi's connected vehicle service.