https://brandessenceresearch.com/ Logo

Smart Transportation Market

Smart Transportation Market Size, Share & Trends Analysis Report

Smart Transportation Market Size, Share, And Trends Analysis Report By Solutions (Integrated Supervision, Ticketing Management, Passenger Information, Insurance Telematics, Parking Management, Traffic Management), By Services (Cloud, Business, Professional & Consulting, Development & Integration, Support & Maintenance) By Transportation Mode (Roadways, Railways), Industry Analysis, Trends, And Forecast, 2022-2028

Published
Report ID : BMRC 1112
Number of pages : 300
Published Date : Nov 2022
Category : Automotive And Transport
Delivery Timeline : 48 hrs

Global Smart Transportation Market is valued at USD 105.74 Billion in 2021 and is expected to reach USD 250.32 Billion by 2028 with a CAGR of 13.1% over the forecast period.

Scope of the Global Smart Transportation Market

Smart transport or intelligent transport system (ITS) is an advanced transportation infrastructure that aims to provide innovative services for traffic and transport management systems. This transport allows various users to be more synchronized, better informed, and make safer and smarter use of transport networks. Smart transportation is applicable in parking management & guidance, passenger information, and traffic management. Smart transportation utilizes information technology and artificial intelligence to efficiently manage and coordinate transportation systems. The application of smart transportation network allows the traveling population to be aware of the traffic for better coordination and to ensure safety of the drivers. ITS technologies allow users make better use of the transportation network and also cover the way for the development of smarter infrastructure to meet future demands.

Global smart transportation market report is segmented on the basis of solution, services, transportation mode and regional & country level. Based upon solution services, the market is classified into integrated supervision, ticketing management, passenger information, insurance telematics, parking management, and traffic management. Based upon services, smart transportation market is classified into cloud, business, professional & consulting, development & integration and support & maintenance. Based upon transportation mode, the market is classified into roadways and railways.

Global Smart Transportation Segmentation

By Solutions

  • Integrated Supervision
  • Ticketing Management
  • Passenger Information
  • Insurance Telematics
  • Parking Management
  • Traffic Management

By Services

  • Cloud, Business
  • Professional & Consulting
  • Development & Integration
  • Support & Maintenance

By Transportation Mode

  • Roadways
  • Railways

Smart Transportation Companies

Global Smart Transportation Market Report covers prominent players are like,

  • Alstom SA
  • Cubic Corporation
  • Accenture Plc
  • IBM Corporation
  • Siemens AG
  • Cisco System Inc.
  • General Electric Company
  • Kapsch AG
  • LG CNS Co
  • Tomtom International BV
  • WS Atkins PLC
  • Thales Group S.A.
  • Other

The Rising Need to Develop Smart Systems to Improve Passenger & Road Safety and Manage Traffic is the Key Factor Driving the Market Growth.

The smart transportation market growth is driven by the growing need among to create smart systems to manage traffic and improve road & passenger safety. According to World health organization, the number of deaths on the world’s roads remains unacceptably high, with an estimated 1.35 million people dying annually. According to World health organization, Over 90% of the world’s road traffic mortalities occur in low- and middle-income countries, although these countries have only about half the world’s vehicles. The smart transportation systems combine several information and communication technologies such as Global Positioning Systems (GPS), Internet of Things (IoT), and fiber optics to enhance the transportation infrastructure. Data Centers and Colocation Services stated that Over 80% of industrial manufacturing companies are using or getting to use IoT Devices. However, high initial cost for constructing smart transportation routes and long downtime may hinder growth of the global smart transportation market. In spite of that, increasing infrastructural activities like development of smart cities in developing countries may provide growth opportunities for the smart transportation market in upcoming year.

North America is Expected to Dominate the Global Smart Transportation Market

North America is expected to dominate the global smart transportation market due to increasing investments in smart city projects in this region. The smart building energy efficiency application specified that North America is that the world leader within the Smart Home/Building market with 40% of put in base. Main innovations are currently coming from the US and services are firstly deployed in the country. In a 2018 report completed by the Eden Strategy Institute, 12 of the globe’s 20 smartest cities were located in the USA. Additionally, Asia Pacific smart transportation market is predicted to witness significant growth in upcoming years, due to the increasing government initiatives for developing smart solutions for smooth and safe transportation. The growth of smart transportation solutions is relatively higher in India, China, and Japan within the region. Additionally, Europe is also projected to witness a strong growth in the smart transportation market owing to the rise in demand for efficient transportation networks in Europe.

On Special Requirement Smart Transportation Market Report is also available for the below Regions and Country:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherland
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA
Report Analysis Details
Historical data 2018 - 2021
Forecast Period 2022 - 2028
Market Size in 2021: USD 105.74 Billion
Base year considered 2021
Forecast Period CAGR %: 13.1%
Market Size Expected in 2028: USD 250.32 Billion
Tables, Charts & Figures: 175
Pages 300
Smart Transportation Companies Alstom SA, Cubic Corporation, Accenture Plc, IBM Corporation, Siemens AG, Cisco System Inc., General Electric Company (GE), Kapsch AG, LG CNS Co. Ltd., Tomtom International BV, WS Atkins PLC, Thales Group S.A., Other
Segments Covered By Solutions, By Services, By Transportation Mode
Regional Analysis North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
SUMMARY
VishalSawant
Vishal Sawant
Business Development
vishal@brandessenceresearch.com
+91 8830 254 358
Segmentation
Segments

By Solutions

  • Integrated Supervision
  • Ticketing Management
  • Passenger Information
  • Insurance Telematics
  • Parking Management
  • Traffic Management

By Services

  • Cloud, Business
  • Professional & Consulting
  • Development & Integration
  • Support & Maintenance

By Transportation Mode

  • Roadways
  • Railways
Country
Regions and Country

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherlands
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of MEA
Company
Key Players
  • Alstom SA
  • Cubic Corporation
  • Accenture Plc
  • IBM Corporation
  • Siemens AG
  • Cisco System Inc.
  • General Electric Company (GE)
  • Kapsch AG
  • LG CNS Co. Ltd.
  • Tomtom International BV
  • WS Atkins PLC
  • Thales Group S.A.
  • Other

+44-1173181773

sales@brandessenceresearch.com

We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination interested? please email us hr@brandessenceresearch.com

JOIN US

LONDON OFFICE

BrandEssence® Market Research and Consulting Pvt ltd.

124, City Road, London EC1V 2NX

FOLLOW US

Twitter
Facebook
LinkedIn
Skype
YouTube

CONTACT US

1-888-853-7040 - U.S. (TOLL FREE)+44-1173181773 - U.K. OFFICE+91-7447409162 - INDIA OFFICE

© Copyright 2024-25 BrandEssence® Market Research and Consulting Pvt ltd. All Rights Reserved | Designed by BrandEssence®

PaymentModes