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The Smart Transportation Market is Segmented by Application (Traffic Management, Road Safety and Security, Public Transport), by Product Type (Advanced Transportation Management Systems, Advanced Transportation Pricing Systems, Advanced Public Transportation Systems), and Geography.
Study Period:
2018 - 2026
Base Year:
2020
Fastest Growing Market:
Asia Pacific
Largest Market:
Europe
CAGR:
18.68 %
The smart transportation market is expected to reach USD 311 billion by 2026, at a CAGR of 18.68% over the forecast period (2021-2026). The growing population of the world has led to rapid urbanization, resulting in many problems, such as congestion and safety issues on roads. The need to formulate a sustainable solution to counter these problems is gaining traction across the world. The emergence of cloud-based technologies and advances in vehicle-to-vehicle (V2V) and vehicle-to-grid infrastructure (V2I) are making smart transportation a reality.
Smart transportation is considered as the vertical application of IoT capabilities, and therfore refers to the integrated application of modern technologies and management strategies in the transportation systems. These technologies are aimed at providing innovative services related to different modes of transport and traffic management. It enables the users to be better informed and make safer and better use of transport networks.
By Application | |
Traffic Management | |
Road Safety and Security | |
Parking Management | |
Public Transport | |
Automotive Telematics | |
Freight | |
Other Applications |
By Product Type | |
Advanced Traveler Information Systems (ATIC) | |
Advanced Transportation Management Systems (ATMS) | |
Advanced Transportation Pricing Systems (ATPS) | |
Advanced Public Transportation Systems (APTS) | |
Cooperative Vehicle Systems |
Geography | ||||||
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The smart transportation market is moderately competitive and comprises few market players, who enjoy a significant market share. In terms of market share, a few major players dominate the market, currently. These major players, with prominent shares in the market, are focusing on expanding their customer base across foreign countries, with the local governments focusing on strengthening the transport infrastructure.
The drive to improve efficiency has been critical for demand and has impacted the competition. Market vendors are expected to use partnerships and collaborations as the primary strategy to make the solutions suitable for use on different platforms. The addition of analytical and AI capabilities is expected to help in managing the huge volume of data flow and create a sustainable solution, which may be easily replicated, and is modular. Innovative solutions are expected to emerge, as improving communication technology acts as an enabler in the market.
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rise of Urbanization and Increasing Mega Cities and Increasing Population
4.3.2 Government Initiatives to Enhance the Transportation Infrastructure
4.4 Market Restraints
4.4.1 Initial Capital Expenditure to Create a Sustainable System
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Technology Snapshot
5. MARKET SEGMENTATION
5.1 By Application
5.1.1 Traffic Management
5.1.2 Road Safety and Security
5.1.3 Parking Management
5.1.4 Public Transport
5.1.5 Automotive Telematics
5.1.6 Freight
5.1.7 Other Applications
5.2 By Product Type
5.2.1 Advanced Traveler Information Systems (ATIC)
5.2.2 Advanced Transportation Management Systems (ATMS)
5.2.3 Advanced Transportation Pricing Systems (ATPS)
5.2.4 Advanced Public Transportation Systems (APTS)
5.2.5 Cooperative Vehicle Systems
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 Australia
5.3.3.4 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Mexico
5.3.4.3 Rest of Latin America
5.3.5 Middle-East & Africa
5.3.5.1 United Arab Emirates
5.3.5.2 South Africa
5.3.5.3 Saudi Arabia
5.3.5.4 Rest of Middle-East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Cisco Systems Inc.
6.1.2 SAP SE
6.1.3 IBM Corporation
6.1.4 AVEVA Group PLC
6.1.5 Siemens Corporation
6.1.6 Oracle Corporation
6.1.7 AGT International
6.1.8 Advantech Co. Ltd
6.1.9 Orange Business Services
6.1.10 ERTICO-ITS
6.1.11 Hitachi Inc.
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability