We’re dealing with an unfortunate reality: our cities are over-populated. As the population expands, so too does traffic become more extensive and burdensome to residents. Private cars are being added to roads at a rate that is not being balanced fast enough by growing road infrastructure, creating an ever-expanding problem of added traffic, air pollution and wasted time.
As the population expands globally and immigration increases to cities, we are seeing an interesting increase in growing public transportation to fit the cities’ and residents’ needs. This has developed into a massive industry surrounding public transportation and all the key components required to optimize it.
At an industry size of $72 billion per year in revenue and an annual growth of 2.6%, 2017 shows that public transportation will only grow with time, as will the satellite services and products required to maintain them.
The Apta Expo, the public transportation’s premier showcase event, is a great litmus test to understand the increased prioritization of creating a more efficient public transportation system. This year, they will be featuring a whopping 800+ exhibitors showcasing the latest industry services and innovations and expecting over 12,000 industry members at the showcase.
This movement is expected to influence the industry of public transportation. There are exciting technological innovations coming, and many will be featured in the showcase.
Among them, we can expect a complete system redesign for transit systems. The industry needs to find better ways to serve commuters, expand their service coverage based on demographic changes, serve less dense areas and attract new riders.
We are also looking at the first phases of creating autonomous transportation, such as intelligent buses that communicate with the road network and other vehicles. These technological implementations can create highly efficient systems through controllers that can predict issues in advance and implement strategies to keep service functional and fast.
On the backend side, we can expect to see a growing service and product range for public transportation. For example, mobile column lifts will be integral to easily lift heavy transportation vehicles for efficient mechanical upkeep. The lifting equipment can even handle rail vehicles, an absolute necessity in massive urban areas in need of proper and fast maintenance of the subway system.
It’s an exciting time for public transportation – now it’s on the industry leaders to accelerate its future and create a better transit system to sustain the growing necessities.