Johnson Controls-Saft, a specialist in the development and manufacture of advanced lithium-ion batteries for hybrid and electric vehicles, will supply the complete battery system for two electric vehicle platforms, which will be launched by the Beijing Electric Vehicle Company (BEVC), a subsidiary of Beijing Automotive Industry Company (BAIC).
The global smart parking system market size is expected to reach US$368.7 million by 2024 according to a new study by Grand View Research, Inc. Favourable government initiatives and increasing public sector funding will favour the growth and adoption of smart parking system for the forecast period. The industry is anticipated to witness an upsurge in demand for smart parking systems in transport transit and commercial applications segment, and it is subsequently expected to impel the growth in the industry.
The global intelligent transportation system (ITS) market is expected to reach US$66.5 billion by 2024, according to a new report by Grand View Research. The usage of ITS to reduce road accidents and increase safety is a major driving force for the ITS market.
Demand for vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication in order to enhance road safety is expected to gain momentum over the forecast period. The continuous progression and development have become a crucial need for b
The global smart transportation market is estimated to reach a market size of US$285.12 billion by 2024, according to a new study by Grand View Research. The growing number of on-road vehicles and the ineffective existing transport infrastructure will drive the need for an efficient management system. Favourable government initiatives toward building a better infrastructure and running the transport system smoothly are expected to boost the industry growth.
Increasing investments in the smart city produc
