The global demand for Smart Transportation Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Smart transportation is an effective system which takes advantage of technologies such as the Internet of Things (IoT) and big data analytics to manage traffic and mobility, enhance transport infrastructure, and provide improved interfaces for transport services. The system ensures real-time information about traffic and public transportation conditions, manages public transport and traffic to stay on schedule through an use of digital technologies such as embedded sensors, actuators and other devices that collect and transmit data about real-time network activity.
Growing investment in public infrastructure and smart city project is fuelling the growth of the market. City governments are taking efficient initiatives to make transport more convenient. This is anticipated to fuel the growth of market at a significant pace. Smart transport is making public transport more efficient and accessible and is changing passenger mobility and experience. Smart technology adoption in the transport system is improving the sustainability and daily lives of citizens. Smart transportation has caused competition between different modes of transport, each of which aims to dominate the transportation sector.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of smart transportation.
The entire smart transportation market has been sub-categorized into solution, transportation mode, service and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Transportation Mode
- Ticketing Management System
- Parking Management & Guidance System
- Integrated Supervision System
- Traffic Management System
- Cloud Services
- Shared Mobility
- Route Information and Route Guidance
- Public Transport
- Transit Hubs
- Autonomous/Driverless Vehicles
- Video Management
This section covers regional segmentation which accentuates on current and future demand for smart transportation market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Smart Transportation Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the smart transportation market include Thales Group, Huawei, Siemens, IBM, Cisco Systems. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.