Cellular Tech Enables Next-Gen Transportation - Connected World

There is no doubt that connected devices and technologies are transforming how humans and machines work together in places like operating rooms, factories, and roadways/intersections. Increasingly, AVs (autonomous vehicles) paired with smarter infrastructure is paving the way for safer roadways, which leads to fewer transportation-related fatalities. According to Allied Market Research, the global autonomous vehicle market will reach $2,161.79 billion by 2030, up from $76.13 billion in 2020 and representing a CAGR (compound annual growth rate) of 40.1% between 2021 and 2030. Part of this market growth will be thanks to advancements in cellular technologies. Last week, Cisco and Verizon announced a successful POC (proof-of-concept) demo in Las Vegas that will help bring applications like robotaxis and autonomous delivery bots to more people and more places in the near future.