Key Trends in Transportation Innovation

The transportation industry is not just limited to auto-manufacturing, it encompasses a wide range of companies and products. Many consequential changes are set to impact this industry due to the proliferation of products and offerings. Autonomous vehicles will lead to the removal of drivers and create new job opportunities. Nearly every manufacturer and transportation brand is attempting to live in a renewable future. The rise of 3D printing has led to a decrease in shipping business, and thus its impact on the transportation industry is significant. The most obvious examples of the gig economy in this sector include companies like Lyft and Uber. These changes will result in savings of transportation costs, which can result in an increase in annual disposable income for U.S. households totaling $1 Trillion by 2030.