The global transportation industry is predicted to grow at a CAGR of 3.4 percent, reaching a value of $7.8 trillion by 2027. The overarching trends from machine learning and AI to sustainability and electrification happening throughout the industry are helping the space reach in reaching its greater heights.
Electrification is one of the significant trends affecting the transportation industry since it is a paradigm shift from conventional engine-based vehicles to efficient and cleaner electrified automobiles. Electric vehicles (EVs) are estimated to grow to 13 percent by 2025 and 22 percent by 2030. Seeing the lucrative opportunities, automotive OEMs in the commercial vehicle segment have begun launching newer electric truck models. The heavy-duty truck category is set to witness the fastest growth in the U.S. electric truck market in the coming years, based on vehicle type. Among all modes of transportation, trucks carry the greatest volume of freight across the country, often across long distances.
To put the spotlight on such key developments in the industry, Logistics Tech Outlook illustrates how the digital transportation space is leveraging the latest technologies to augment its digital transportation workflows and meet consumer expectations. This edition also features thought leadership articles authored by Deepak J Sharma, Global IT Director at Agility, David L. Buss, CEO at DB Schenker, Massimo Sapone, SVP, Logistics and Distribution Planning North America at EssilorLuxottica, and Jason Gellings, Director of BI and Analytics at Roehl Transport. They shed light on topics relating to the different trends in the digital transportation space and how technology is helping the industry.
In this edition of Logistics Tech Outlook, we also bring to you the story of some of the top digital transportation solution providers facilitating unparalleled workflow optimizations for the transportation space. In the list, Positioning Universal stands out for its end-to-end digital transportation solutions with their customizable IoT devices, assisting telematics service providers in their shipping and logistics applications.
Through the following pages, we aim to shine a light on the innovative trends and latest developments in the digital transportation industry. We would like to know your thoughts.














