Tag Archives: automotive

RFID, in the form of FASTag, has entered the imagination of every single vehicle owner in the country. However, the application of this technology is growing across sectors. TrafficInfraTech explores the role RFID will play in the future. The global RFID market was estimated at USD 10.7 billion in 2021, with a projection of reaching USD 17.4 billion by 2026. ...

Urbanization and rising incomes have been driving rapid motorization across Asia, Africa, and Latin America. While cities are currently home to 50% of the global population, that proportion is expected to increase to 70% by 2050. At the same time, business-as-usual trends suggest we could see an additional one billon cars by 2050, most of which will have to squeeze ...