Cellular IoT In Transportation
IoT for All, Monday, April 15th, 2024
The Internet of Things (IoT) in transportation is a rapidly expanding business, particularly in the cellular division. Allied Market Research reported that the global IoT in transport market had a value of USD$83.25 billion in 2020 and projects it to reach USD$495.57 billion by 2030.
Additionally, Berg Insight estimates cellular IoT specific modules for OEM automotive account for 157 million units sold, while transport and logistics alone represent 96 million units sold in 2022.
The transportation sector deploys cellular IoT devices through embedded sensors and actuators. These devices gather and transmit data about real-world activities, transforming the way the transportation sector operates.