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Smart Transportation Market

Smart Transportation Market Size, Share and Segmentation by Transportation type (Maritime, Roadways, Railways, Airways), by Solution(Ticketing Management System, Parking Management and Guidance System, Integrated Supervision System, Traffic Management System, Passenger Information, Freight Information, Vehicle Telematics, Others), by Services (Business, Professional, Cloud Services, Consulting, Deployment and Integration, Support and Maintenance), by Application (Mobility as a Service, Route Information and Route Guidance, Public Transport, Transit Hubs, Connected Cars, Video Management, Others), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/OT/1015 | May 2022 | Region: Global | 120 Pages

Smart Transportation Market Overview:

Smart Transportation Market Size was valued at USD 95.55 billion in 2021, and is expected to reach USD 210.85 billion by 2028, and grow at a CAGR of 10.4% over the forecast period 2022-2028.

Technological advancements to improve customer experience, growing government initiatives and PPP models for smart transportation, rising urban population and high demographic rates, and growing adoption of IoT and automation technologies to enhance technological optimization are the major growth drivers for the market.

Using technology like as automobile navigation, traffic signal control systems, speed cameras, and other real-time data and computational technologies, it allows numerous users to be more coordinated and informed. Infrastructure upgrades, regulatory requirements for sustainable fuels for public transportation vehicles, and the deployment of systems to efficiently deliver mobility services to ever-expanding cities are all ways to attain this smart transportation information. 

MARKET DYNAMICS: 

KEY DRIVERS: 

  • The interconnection of items enables a better understanding of client behaviour and, as a result, better decision-making.

  • Road traffic management systems, and incident management systems are benefited from high-performance networking technology.

  •  Smart connectivity and control devices will use the cloud to collect and exchange it with a centralized control centre.

  • Increased acceptance of technology has enabled better connectivity, resulting in a full rebuild of the smart transportation ecosystem.  

RESTRAINTS: 

  • Smart transportation systems solutions lack standardization & uniformity, causing compatibility concerns.

  • Different countries have distinct communication & protocols, which makes it difficult to sell their products globally.

  • The lack of globally enforceable traffic management technology, methods, & specifications restricts industry growth. 

OPPORTUNITIES: 

  • With significant technology developments, semi-autonomous and autonomous vehicles are rapidly evolving.

  • The development of driverless vehicles is becoming increasingly popular in the transportation industry.

CHALLENGES: 

  • Integrating smart technology components with traditional transportation systems is exceedingly difficult due to a lack of an open interface.

  • Communication gaps would result from the integration challenges. Upgrading legacy systems necessitates large investments.

IMPACT OF COVID-19:

The COVID-19 problem has caused enormous damage to the transportation industry, causing uncertainty in all markets. The transportation business has seen a significant drop as most countries enforce isolation policies. Governments in many regions declared total lockdown and temporary industry shutdowns, resulting in border restrictions that hampered the movement of transportation and logistics services.

With an increase in demand for proper traffic management systems and increased transportation infrastructure facilities for the safety of passengers, industry players have chosen creative methods to increase development potential in the worldwide smart transportation market.

KEY PLAYERS:

The assessment of important companies in the smart transportation industry supplying various software and services across all modes of transportation is included in the research. It profiles prominent smart transportation vendors throughout the world. Thales Group (France), Huawei Technologies Co., Ltd. (China), Siemens AG (Germany), IBM Corporation (US), Cisco Systems, Inc. (US), SAP (Germany), Cubic Corporation (US), Alstom (France), Bombardier Inc. (Canada), Toshiba (Japan), Harris Corporation (US), Saab AB (Sweden), Veson Nautical (Massachusetts), BASS Software (Norway), Bentley Systems (US), Indra Sistem (Norway).

MARKET SEGMENTATION:

By Transportation type:

  • Maritime

  • Roadways

  • Railways

  • Airways

By Solution:

  • Ticketing Management System

  • Parking Management and Guidance System

  • Integrated Supervision System

  • Traffic Management System

  • Passenger Information

  • Freight Information

  • Vehicle Telematics

  • Others

By Services:

  • Business

  • Professional

  • Cloud Services

  • Consulting

  • Deployment and Integration

  • Support and Maintenance

By Application:

  • Mobility as a Service

  • Route Information and Route Guidance

  • Public Transport

  • Transit Hubs

  • Connected Cars

  • Video Management

  • Others

REGIONAL ANALYSIS:

In 2015, North America held the greatest proportion of the global smart transportation market. The United States is the primary growth engine in the North American market. This is due to the United States government's increased efforts to upgrade transportation facilities and adopt intelligent transportation systems (ITS).

The Asia Pacific market is predicted to grow at the fastest rate during the forecast period, owing to the region's rising deployment of smart city and smart infrastructure projects. The key growth countries are China, Japan, India, and South Korea.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Smart Transportation Market Report Scope:

Report Attributes Details
 Market Size in 2021  US$ 95.55 Bn
 Market Size by 2028  US$ 210.85 Bn
 CAGR   CAGR of 10.4% From 2022 to 2028
 Base Year  2021
 Forecast Period  2022-2028
 Historical Data  2017-2020
 Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
 Key Segments • By Transportation type (Maritime, Roadways, Railways, Airways)
• By Solution (Ticketing Management System, Parking Management and Guidance System, Integrated Supervision System, Traffic Management System, Passenger Information, Freight Information, Vehicle Telematics, Others)
• By Services (Business, Professional, Cloud Services, Consulting, Deployment and Integration, Support and Maintenance)
• By Application (Mobility as a Service, Route Information and Route Guidance, Public Transport, Transit Hubs, Connected Cars, Video Management, Others)
 Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
 Company Profiles Thales Group, Huawei Technologies Co., Ltd., Siemens AG, IBM Corporation, Cisco Systems, Inc., SAP, Cubic Corporation, Alstom, Bombardier Inc., Toshiba, Harris Corporation, Saab AB, Veson Nautical, BASS Software, Bentley Systems, Indra System
 Key Drivers • The interconnection of items enables a better understanding of client behaviour and, as a result, better decision-making.
• Smart connectivity and control devices will use the cloud to collect and exchange it with a centralized control centre.
 Opportunities • With significant technology developments, semi-autonomous and autonomous vehicles are rapidly evolving.
• The development of driverless vehicles is becoming increasingly popular in the transportation industry.

 


Frequently Asked Questions (FAQ) :

Ans:- The Market Size was valued at USD 95.55 billion in 2021 and grow at a CAGR of 10.4% over the forecast period 2022-2028.

Ans:- In 2021, traffic management systems accounted for the greatest share of the whole market, at more than 33%.

Ans:- Smart connectivity and control devices will collect and exchange data in the cloud and increase the acceptance of technology are the primary market drivers for the smart transportation market.

Ans:- The expansion of the market is supplemented by the introduction of smart cities, smart mobility services, smart parking services, and IoT tracking.

Ans:- Raw material vendors, Distributors/traders/wholesalers/suppliers, and regulatory authorities, including government agencies and NGOs, are the main stakeholders in the market.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Smart Transportation Market Segmentation, by Transportation type

8.1 Maritime

8.2 Roadways

8.3 Railways

8.4 Airways

 

9. Global Smart Transportation Market Segmentation, by Services

9.1 Business

9.2 Professional

9.3 Cloud Services

9.4 Consulting

9.5 Deployment and Integration

9.6 Support and Maintenance

 

10. Global Smart Transportation Market Segmentation, by Application

10.1 Mobility as a Service

10.2 Route Information and Route Guidance

10.3 Public Transport

10.4 Transit Hubs

10.5 Connected Cars

10.6 Video Management

10.7 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12.Company Profiles

12.1 Thales Group (France)

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Huawei Technologies Co., Ltd. (China)

12.3 Siemens AG (Germany)

12.4 IBM Corporation (US)

12.5 Cisco Systems, Inc. (US)

12.6 SAP (Germany)

12.7 Cubic Corporation (US)

12.8 Alstom (France)

12.8 Bombardier Inc. (Canada)

12.9 Toshiba (Japan)

12.10 Harris Corporation (US)

12.11 Saab AB (Sweden)

12.12 Veson Nautical (Massachusetts)

12.13 BASS Software (Norway)

12.14 Bentley Systems (US)

12.15 Indra Sistem (Norway).

 

13.Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14.Conclusion

 

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Secondary Research

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