Smart bike lane system to improve cyclist safety
Creating a smart bike lane system that uses sensors and data analytics to reduce accidents and congestion, providing real-time information to cyclists and drivers. This system would include features like traffic signal prioritization for cyclists and monitoring of bike lane occupancy. Market size: According to a report by Mordor Intelligence, the global smart transportation market size is projected to reach $285.12 billion by 2026, with a CAGR of 9.62% during the forecast period.