Smart Transportation Market Size, Share, Growth, Trends, and Forecast 2032
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, 2024-2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 13.62 Billion | USD 60.65 Billion | 16.1% | 2023 |
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
- 4.1. Company market share 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)
- 5.1. Global Smart Transportation Market Overview: By Technulogy
- 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)
- 6.1. Global Smart Transportation Market overview: By Services
- 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
- 8.1. GE Company
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
FrequentlyAsked Questions
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.
Smart Transportation Market size is set to expand from $ 13.62 Billion in 2023 to $ 60.65 Billion by 2032, with an anticipated CAGR of around 16.1% from 2024 to 2032.
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.
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.
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