Smart Transportation Market - Global Industry Analysis

Smart Transportation Market - By Technology (IoT, Wireless Technology, GPS, and Sensing Technology), By Services (Cloud Services, Business Services, and Professional Services) And By Solutions (Parking Management Systems, Traffic Management Systems, Ticketing Management Systems, and Integrated Supervisory Systems): Global Industry Perspective, Comprehensive Analysis And Forecast, 2021 – 2028

Published Date: 09-Dec-2021 Category: Technology & Media Report Format : PDF Pages: 215 Report Code: ZMR-1303 Status : Published

The global Smart Transportation Market accrued earnings worth approximately 65.1 (USD Billion) in 2020 and is predicted to gain revenue of about 285.18 (USD Billion) by 2028, is set to record a CAGR of nearly 23.01% over the period from 2021 to 2028.

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Description

The global Smart Transportation Market accrued earnings worth approximately 65.1 (USD Billion) in 2020 and is predicted to gain revenue of about 285.18 (USD Billion) by 2028, is set to record a CAGR of nearly 23.01% over the period from 2021 to 2028. The report offers assessment and analysis of the Smart Transportation Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Smart Transportation Market: Overview

Smart transportation is key for creating smart cities and ridesharing, use of electric vehicles, & on-demand mobility have contributed massively towards growth of smart transportation activities along with creation of smart cities. Furthermore, emergence as well as ubiquity of car sharing services and latter being a niche transportation alternative for particular demographic population is predicted to create new growth avenues for smart transportation business. Moreover, modernization of technologies utilized in ridesharing transportation with a view of filling empty passenger seats will pave a way for humungous demand for smart transportation modes in coming years. Innovations witnessed in transportation sector and high traffic congestion has restricted mobility in urban areas across globe, thereby resulting in expansion of mobility ecosystems through high investments in transport. This, in turn, is predicted to drive growth of smart transportation market.

Global Smart Transportation Market

Smart Transportation Market: Growth Factors

Increase in preference for car sharing and inception of industry 4.0 revolution is predicted to create huge demand for proficient transportation services, thereby steering growth of smart transportation market. Additionally, end-user inclination towards ride sharing and less vehicle ownership is projected to result in low fuel emissions & traffic jams as well as road collisions, thereby boosting market trends. Reportedly, connected vehicles are becoming more popular in developed countries with vehicle manufacturers focusing more on embed in-built software components in vehicles. This is predicted to help cars function like smartphones and offer air connectivity, upgradability, and enhancing productivity for commuters. These moves are anticipated to not only boost use of connected automotive but will also facilitate expansion of smart transportation market size.

Furthermore, autonomous cars are projected to witness surge in sales over next few years and help in reducing parking problems and pollution issues, thereby enlarging scope of business growth. Additionally, shared mobility is slated to account for nearly 16% of urban travels by 2035. With large investments made by government and private firms in setting up of electric charging stations, electric vehicles are today considered to be most viable alternative for curbing fuel emission along with reducing greenhouse effects. Apart from this, government is focusing on reducing electric battery costs along with providing incentives on EV purchase. All these aspects will create strong growth foundations for smart transportation market.

Regional Landscape

North America To Dominate Smart Transportation Market Size By 2028

High growth of smart transportation market in North America over anticipated timespan is subject to growing funding by government for erecting strong transport infrastructure in countries such as the U.S. In addition to this, incorporation of sensing technology by vehicle manufacturers for avoiding road collisions and use of collision warning systems by traffic authorities in region will boost smart transportation market growth in North America. Apparently, use of smart cards and electronic license plates have assisted transport authorities in effectively collecting toll charges in countries such as the U.S. and Canada, thereby steering growth of smart transportation industry in North America. Increase in use of hybrid and electric vehicles in Canada and the U.S. will enhance regional market size in span of next few years. Rise in smart mobility activities in the U.S. will promulgate market expansion in sub-continent.

Report Scope:

Report Attribute	Details
Base Year	2020
Historic Years	2016 - 2020
Forecast Years	2021 - 2028
Segments Covered	By Product Type, By Application, and By End Use
Forecast Units	Value (USD Billion), and Volume (Units)
Quantitative Units	Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered	U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered	10 companies with scope for including additional 15 companies upon request
Report Coverage	Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope	Avail customized purchase options to meet your exact research needs.

Competitive Landscape

Key players leveraging growth of smart transportation industry space and profiled in report are GE Company, Cisco Systems, Inc., Indra Sistema S.A., LG CNS Co. Ltd., Alstom AG, Thales Group, Kapsch Group, Siemens AG, WS Atkins, Cubic Corporation, IBM Corporation, and Accenture Plc.

The global Smart Transportation Market is segmented as follows:

By Technology

IoT
Wireless Technology
GPS
Sensing Technology

By Disease Type

Parking Management Systems
Traffic Management Systems
Ticketing Management Systems
Integrated Supervisory Systems

By Services

Cloud Services
Professional Services
Business Services

By Region

North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa

Table Of Content

Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodulogy
  - 1.3.1. Market Research Type
  - 1.3.2. Market Research Methodulogy
Chapter 2. Executive Summary
- 2.1. Smart Transportation Market , 2018–2028(USD Billion)
- 2.2. Smart Transportation Market : Snapshot
Chapter 3. Global Smart Transportation Market – Industry Analysis
- 3.1. Smart Transportation Market : Market Dynamics
- 3.2. Market Drivers
  - 3.2.1. Increase in preference for car sharing and onset of industry 4.0 revulution is set to generate humongous demand for proficient transport sulutions, thereby embellish growth of smart transportation market.
  - 3.2.2. Rise in end-user inclination towards ride sharing and less automotive ownership is expected to result in low GHG emissions & traffic jams as well as road accidents, thereby spurring market growth.
- 3.3. Porter’s Five Forces Analysis
- 3.4. Market Attractiveness Analysis
  - 3.4.1. Market attractiveness analysis By Technulogy
  - 3.4.2. Market attractiveness analysis By Services
  - 3.4.3. Market attractiveness analysis By Sulutions
Chapter 4. Global Smart Transportation Market – Competitive Landscape
- 4.1. Company market share analysis
  - 4.1.1. Global Smart Transportation Market : company market share, 2019
- 4.2. Strategic development
  - 4.2.1. Acquisitions & mergers
  - 4.2.2. New Technulogy launches
  - 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
  - 4.2.4. Research and development and Regional expansion
- 4.3. Price trend analysis
Chapter 5. Global Smart Transportation Market – Technulogy Analysis
- 5.1. Global Smart Transportation Market Overview: By Technulogy
  - 5.1.1. Global Smart Transportation Market Share, By Technulogy, 2020 and 2028
- 5.2. IoT
  - 5.2.1. Global Smart Transportation Market By IoT, 2018–2028(USD Billion)
- 5.3. Wireless Technulogy
  - 5.3.1. Global Smart Transportation Market By Wireless Technulogy, 2018–2028(USD Billion)
- 5.4. GPS
  - 5.4.1. Global Smart Transportation Market By GPS, 2018–2028(USD Billion)
- 5.5. Sensing Technulogy
  - 5.5.1. Global Smart Transportation Market By Sensing Technulogy, 2018–2028(USD Billion)
Chapter 6. Global Smart Transportation Market – Services Analysis
- 6.1. Global Smart Transportation Market overview: By Services
  - 6.1.1. Global Smart Transportation Market Share, By Services, 2020 and 2028
- 6.2. Cloud Services
  - 6.2.1. Global Smart Transportation Market By Cloud Services , 2018–2028(USD Billion)
- 6.3. Professional Services
  - 6.3.1. Global Smart Transportation Market By Professional Services, 2018–2028(USD Billion)
- 6.4. Business Services
  - 6.4.1. Global Smart Transportation Market By Business Services, 2018–2028(USD Billion)
Chapter 7. Global Smart Transportation Market overview: By Sulutions
- 7.1. Global Smart Transportation Market Share, By Sulutions, 2020 and 2028
- 7.2. Parking Management Systems
  - 7.2.1. Global Smart Transportation Market By Parking Management Systems, 2018–2028(USD Billion)
- 7.3. Traffic Management Systems
  - 7.3.1. Global Smart Transportation Market By Traffic Management Systems, 2018–2028(USD Billion)
- 7.4. Ticketing Management Systems
  - 7.4.1. Global Smart Transportation Market By Ticketing Management Systems, 2018–2028(USD Billion)
- 7.5. Integrated Supervisory Systems
  - 7.5.1. Global Smart Transportation Market By Integrated Supervisory Systems, 2018–2028(USD Billion)
Chapter 8. Company Profiles
- 8.1. GE Company
  - 8.1.1. Overview
  - 8.1.2. Financials
  - 8.1.3. Technulogy Portfulio
  - 8.1.4. Business Strategy
  - 8.1.5. Recent Developments
- 8.2. Cisco Systems, Inc.
  - 8.2.1. Overview
  - 8.2.2. Financials
  - 8.2.3. Technulogy Portfulio
  - 8.2.4. Business Strategy
  - 8.2.5. Recent Developments
- 8.3. Indra Sistema S.A.
  - 8.3.1. Overview
  - 8.3.2. Financials
  - 8.3.3. Technulogy Portfulio
  - 8.3.4. Business Strategy
  - 8.3.5. Recent Development
- 8.4. LG CNS Co. Ltd.
  - 8.4.1. Overview
  - 8.4.2. Financials
  - 8.4.3. Technulogy Portfulio
  - 8.4.4. Business Strategy
  - 8.4.5. Recent Development
- 8.5. Alstom AG
  - 8.5.1. Overview
  - 8.5.2. Financials
  - 8.5.3. Technulogy Portfulio
  - 8.5.4. Business Strategy
  - 8.5.5. Recent Development
- 8.6. Thales Group
  - 8.6.1. Overview
  - 8.6.2. Financials
  - 8.6.3. Technulogy Portfulio
  - 8.6.4. Business Strategy
  - 8.6.5. Recent Development
- 8.7. Kapsch Group
  - 8.7.1. Overview
  - 8.7.2. Financials
  - 8.7.3. Technulogy Portfulio
  - 8.7.4. Business Strategy
  - 8.7.5. Recent Development
- 8.8. Siemens AG
  - 8.8.1. Overview
  - 8.8.2. Financials
  - 8.8.3. Technulogy Portfulio
  - 8.8.4. Business Strategy
  - 8.8.5. Recent Development
- 8.9. WS Atkins
  - 8.9.1. Overview
  - 8.9.2. Financials
  - 8.9.3. Technulogy Portfulio
  - 8.9.4. Business Strategy
  - 8.9.5. Recent Development
- 8.10. Cubic Corporation
  - 8.10.1. Overview
  - 8.10.2. Financials
  - 8.10.3. Technulogy Portfulio
  - 8.10.4. Business Strategy
  - 8.10.5. Recent Development
- 8.11. Accenture Plc
  - 8.11.1. Overview
  - 8.11.2. Financials
  - 8.11.3. Technulogy Portfulio
  - 8.11.4. Business Strategy
  - 8.11.5. Recent Development
- 8.12. IBM Corporation
  - 8.12.1. Overview
  - 8.12.2. Financials
  - 8.12.3. Technulogy Portfulio
  - 8.12.4. Business Strategy
  - 8.12.5. Recent Development

Table Of Figures

List of Figures

1. Market research Type
2. Market research methodology
3. Global Smart Transportation Market , 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Smart Transportation Market attractiveness, By Technology
6. Global Smart Transportation Market attractiveness, By Services
7. Global Smart Transportation Market attractiveness, By Solutions
8. Global Smart Transportation Market Share by Technology ,2020 and 2028 (USD Billion)
9. Global Smart Transportation Market By IoT, 2018–2028(USD Billion)
10. Global Smart Transportation Market By Wireless Technology, 2018–2028(USD Billion)
11. Global Smart Transportation Market By GPS, 2018–2028(USD Billion)
12. Global Smart Transportation Market By Sensing Technology, 2018–2028(USD Billion)
13. Global Smart Transportation Market Share by Services,2020 and 2028 (USD Billion)
14. Global Smart Transportation Market By Cloud Services, 2018–2028(USD Billion)
15. Global Smart Transportation Market By Professional Services, , 2018–2028(USD Billion)
16. Global Smart Transportation Market By Business Services, , 2018–2028(USD Billion)
17. Global Smart Transportation Market Share by Solutions,2020 and 2028 (USD Billion)
18. Global Smart Transportation Market By Parking Management Systems, 2018–2028(USD Billion)
19. Global Smart Transportation Market By Traffic Management Systems, 2018–2028(USD Billion)
20. Global Smart Transportation Market By Ticketing Management Systems, 2018–2028(USD Billion)
21. Global Smart Transportation Market By Integrated Supervisory Systems, 2018–2028(USD Billion)
22. Global Smart Transportation Market Share, by Region, 2020 and 2028
23. North America Smart Transportation Market , 2018–2028(USD Billion)
24. Europe Smart Transportation Market , 2018–2028(USD Billion)
25. Asia Pacific Smart Transportation Market , 2018–2028(USD Billion)
26. Latin America Smart Transportation Market , 2018–2028(USD Billion)
27. The Middle East and Africa Smart Transportation Market , 2018–2028(USD Billion)

Table Of Tables

List of Tables

1. Global Smart Transportation Market : snapshot
2. Drivers of the Smart Transportation Market : impact analysis
3. North America Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
4. North America Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
5. North America Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)
6. The U.S. Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
7. The U.S. Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
8. The U.S. Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)
9. Rest of North America Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
10. Rest of North America Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
11. Rest of North America Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)
12. Europe Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
13. Europe Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
14. Europe Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)
15. UK Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
16. UK Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
17. UK Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)
18. France Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
19. France Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
20. France Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)
21. Germany Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
22. Germany Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
23. Germany Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)
24. Rest of Europe Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
25. Rest of Europe Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
26. Rest of Europe Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)
27. Asia Pacific Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
28. Asia Pacific Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
29. Asia Pacific Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)
30. China Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
31. China Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
32. China Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)
33. Japan Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
34. Japan Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
35. Japan Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)
36. India Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
37. India Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
38. India Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)
39. Rest of Asia Pacific Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
40. Rest of Asia Pacific Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
41. Rest of Asia Pacific Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)
42. Latin America Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
43. Latin America Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
44. Latin America Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)
45. Brazil Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
46. Brazil Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
47. Brazil Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)
48. Rest of Latin America Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
49. Rest of Latin America Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
50. Rest of Latin America Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)
51. The Middle East and Africa Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
52. The Middle East and Africa Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
53. The Middle East and Africa Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)
54. Saudi Arabia Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
55. Saudi Arabia Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
56. Saudi Arabia Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)
57. South Africa Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
58. South Africa Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
59. South Africa Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)
60. Rest of the Middle East & Africa Smart Transportation Market Revenue, By Technology ,2018–2028(USD Billion)
61. Rest of the Middle East & Africa Smart Transportation Market Revenue, By Services ,2018–2028(USD Billion)
62. Rest of the Middle East & Africa Smart Transportation Market Revenue, By Solutions,2018–2028(USD Billion)

Methodology

Free Analysis

Smart transportation provides innovative services in a different mode of transportation and traffic management. It offers smart driving, smart parking, smart rapid transit, and security system. Smart transportation also offers the higher efficiency of the whole transport system, less commute time, less traffic accident, and better passenger experience. It plays an important role in improving the reliability of public transportation and provides visibility on arrivals, departures, and route information to travelers for a hassle-free journey.

Major factors fueling the smart transportation market growth are lack of quality & secure transportation and poor traffic management. According to the WHO, more than 1.25 million people die every year due to poor traffic management. Furthermore, rising urban population and government initiatives for smart cities are other factors propelling the demand of smart transportation market. However, privacy protection and high initial investment are posing challenges to the smart transportation market. Nonetheless, the emergence of new technologies such as IoT, GPS, sensing technologies, and wireless technologies will pave opportunities for the smart transportation market.

Global Smart Transportation Market

Smart transportation market is segmented on the basis of solutions, services, and region. Solutions segment includes parking management systems, traffic management systems, ticketing management systems, and integrated supervisory systems. Traffic management segment held the largest share in 2017 due to the rising road traffic crashes. With services, the smart transportation market is divided into cloud services, professional services, and business services. Among these services, the cloud services segment dominated the smart transportation market, as cloud services provide autonomy, decision support, mobility, and the standard development environment for traffic management strategies remotely. Regionally, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Europe held the largest share for smart transportation market in 2017 due to the early adoption of new technologies and several initiatives taken by the governments. For instance, Horizon 2020 is the biggest Europe research and innovation program, which has allocated USD 7,350.42 million for the period 2014-2020 for more efficient, secure, and efficient transport. North America is anticipated to witness significant growth over the forecast period due to government funding and increased safety on roads. The Asia Pacific is anticipated to witness robust growth especially in developing countries such as India, China, and South Korea. Moreover, the Indian Government has built a National Electric Mobility Mission Plan 2020 in order to incentivize adoption of green vehicles and increase the manufacturing capacity of the automotive sector domestically.

Key players profiled in the global smart transportation market include GE Transportation, Alstom AG, Thales Group, Kapsch TrafficCom AG, Siemens AG, LG CNS Co. Ltd., Indra Sistemas S.A., Accenture Plc., Cubic Corporations, IBM, WS Atkins, and Cisco Systems, among others

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FrequentlyAsked Questions

Which key factors will influence the Smart Transportation Market growth over 2021-2028?

What will be the value of the Smart Transportation Market during 2021-2028?

According to Zion market research report, the global Smart Transportation Market accrued earnings worth approximately 65.1 (USD Billion) in 2020 and is predicted to gain revenue of about 285.18 (USD Billion) by 2028, is set to record a CAGR of nearly 23.01% over the period from 2021 to 2028.

Which region will contribute notably towards the global Smart Transportation Market revenue?

North America will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to growing funding by government for erecting strong transport infrastructure in countries such as the U.S. In addition to this, incorporation of sensing technology by vehicle manufacturers for avoiding road collisions and use of collision warning systems by traffic authorities in region will boost smart transportation market growth in North America. Apparently, use of smart cards and electronic license plates have assisted transport authorities in effectively collecting toll charges in countries such as the U.S. and Canada, thereby steering growth of smart transportation industry in North America. Increase in use of hybrid and electric vehicles in Canada and the U.S. will enhance regional market size in span of next few years. Rise in smart mobility activities in the U.S. will promulgate market expansion in sub-continent.

Which are the major players impacting Smart Transportation Market growth?

The key market participants include GE Company, Cisco Systems, Inc., Indra Sistema S.A., LG CNS Co. Ltd., Alstom AG, Thales Group, Kapsch Group, Siemens AG, WS Atkins, Cubic Corporation, IBM Corporation, and Accenture Plc.