The transportation market is a high-density urban environment. It is expected that urban areas will get nearly two billion new residents in the next 20 years. During the same time, the urban population of the world’s poorest regions, South Asia and Sub-Saharan Africa, is about to double. Three main factors drive urbanization: population growth inside cities, movement of people from rural areas to cities, and reclassification of rural areas as urban. Such rapid growth of cities, especially in poor regions, requires new solutions, which are quick and easy to implement and do not require huge financial investments.
Uberisation
The trend of uberisation, where agents exchange underutilized capacity of existing assets through websites and/or apps, while incurring only a small transaction fee, i.e. an extremely low entry barrier, is one of the solutions for transportation problems in areas of high urbanization. Flexible, affordable, and convenient real-time mobility information and planning, a single payment interface, and connected transport options are the top priorities for consumers, not private vehicle ownership as it was a few years ago.
Future trends
EV-Charging
The global electric vehicle charging infrastructure market is expected to reach USD 45.59 billion by 2025 (data by Grand View Research), according to a new report by Grand View Research, Inc. Governments, across the globe, are striving to encourage the adoption of electric vehicles. Incentive programs, such as tax rebates, grants, and subsidies, have been launched to promote the same.
The increasing adoption of electric vehicles is expected to be more in the passenger cars segment. The increase in adoption, can be attributed to the growing research and development activities and initiatives undertaken to improve the existing EV models, and make them competitive with the available fuel-powered car models. Furthermore, companies are working towards upgrading Electric Vehicle Supply Equipment (EVSE) to make it more convenient.
Key findings:
· The electric vehicle charging infrastructure market is expected to grow at a CAGR of 46.8% from 2017 to 2025
· Leading automakers are investing heavily in promoting EV charging infrastructure. For instance, BMW, Daimler, Ford, and Volkswagen, together announced an investment plan for the development of 400 charging sites across Europe
· The North American region is projected to dominate the EV charging infrastructure, as it is expected to witness significant growth in electric vehicle sales
· The major players of the electric vehicle charging infrastructure market are ABB Group, AeroVironment, Inc., Elektromotive Limited, ChargePoint, Inc., Schneider Electric SE, Chargemaster Plc, Eaton Corporation, Siemens AG, SemaConnect, Inc., ClipperCreek, Inc., Tesla Motors, Inc., Delphi Automotive LLP, General Electric, and Leviton Manufacturing Co., Inc., among others
As an example of expansion in Europe, platts.com reports that the number of charging points for electric vehicles in Germany by September 2017 has reached 10,700 almost doubling on the year, underlining the up-front efforts by utilities for the mass roll-out of electric vehicles (figures by German utility group BDEW).
The BDEW, which represents some 1,800 utilities across Germany, has called for the next phase to be launched with some 70,000 normal and 7,000 fast charging stations needed by 2020 for a mass roll-out of EVs, according to its calculations.
Self-Driving
There is a lot of interest in the transportation market toward self-driving vehicles. The market will be disrupted by this new technology; however, the change will not be rapid. First, countries need to change their regulations so that self-driving vehicles are allowed to drive on the streets. Second, the technology is not ready yet for driverless vehicles and there are still numerous issues that need to be solved. Based on a McKinsey study, it is unlikely that there will be fully autonomous vehicles before 2020. Even with aprogressive scenario, by 2030 only 15% of new cars are expected to be self-driving.
What to expect for Brixby?
Taking into consideration the percentage of self-driving vehicles together with the fleet renewal statistics particularly in developing countries, we see that the Brixby market will not be drastically affected, if at all, by the emergence of self-driving cars in the next 10 years.
Brixby’s aim is to provide users with communication channels and interfaces that are convenient and easy to use. We will closely monitor the market for new technological trends, and integrate with a new technology as soon as its penetration level reaches 20% in our markets.
So, regardless of whether the driving method is autonomous, or whether the car is powered by gasoline, hydrogen, or electricity — parking and refueling are two of the services Brixby will provide. Brixby will ensure that the selection of services and the customization of settings will be driven by market demand and by the adaption of technology, be it app, USSD, or end-to-end integration with a self-driving vehicle.
Stay informed!
Check out ICO details on www.brixby.io
Rest,
Brixby team
