Constructech: Connected Cities, Transportation - News

As cities become more connected, construction companies will need to be aware of how transportation systems are evolving, requiring future municipalities to be built. This is where robotics and autonomous vehicles enter the equation, and offers big opportunities for cities. 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.