Smart Transportation Market

Smart Transportation Market by Product Types (Advanced Transportation Pricing Systems, Advanced Transportation Management Systems, and Advanced Public Transportation Systems), Applications (Road Safety, Traffic Management, Security, and Public Transport), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: AL-2752
  • Author: Growth Market Reports
  • Rating: 4.9
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  • No. Of Pages: 150
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The global smart transportation market size is anticipated to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising challenges with growing demand for transportation such as congestion, traffic accidents, and air pollution continue to mount.

The European Union define as intelligent transportation systems (ITS) in 2010 as systems in which information and communication technologies are applied in the field of road transport, infrastructure, vehicles, and users, for the purpose of traffic management and mobility management, and multi-modal mobility options.

Smart Transportation Market Key Takeaways

According to a World Health Organization survey, India has eleven of the top twelve most polluted cities in the world. Furthermore, public transportation use in Indian cities is dropping, with just 18.1 percent of people utilizing it for work-related travel.

In 2018, there were 2.21 million accidents in the United States, with 37,461 people killed and 3.14 million people wounded.

In Japan 499,232 road accidents occurred, resulting in the deaths of 4,698 people and the injuries of 614,155 people. Japan is also the world's third-largest vehicle market and boasts the world's sixth-largest road network.

Smart transportation can help solve these problems that city people confront today, when traditional solutions fall short. Smart transportation systems can address these issues by providing an integrated, multimodal, and intelligent mechanism.

Dublin has built a city-wide sensor system, allowing residents to travel around the city considerably more effectively. It collects data from bus schedules, traffic detectors, closed-circuit cameras, and GPS updates provided by city buses every 20 seconds.

Seoul's in South Korea develop a metro system which are equipped with smart payment systems, 4G, and Wi-Fi. Furthermore, their subways are climate-controlled and include seat warmers. Their subway stations also contain computerized terminals that allow travelers to find the optimal route for their trip. This is a really practical use of technology and space within their station.

In Atlanta US, the police department has launched a free app that allows individuals to report any suspicious conduct they observe or participate in while using public transportation.

At the ITS America 2021 Annual Meeting in Charlotte, Continental and Iteris announced the launch of Vantage Fusion, hybrid traffic detection system with advanced intersection visualization for safer, smarter, and more sustainable roadways.

On, December 2021 Japan airlines (JAL) has formed a cooperation with Tencent Cloud to supply smart mobility solutions to the airline in order to capitalize on post-pandemic inbound tourism demand.

The Covid 19 pandemic possible influence on the adoption of the internet of things (IOT) has disturbed regular life and required a significant shift in policies, goals, and actions of individuals. Due to global lockdown and restriction on travel has affect the market adversely.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing instances of road accidents is projected to drive the market during the forecast period.
  • Rising population and increasing vehicle sales is anticipated to boost the market in the coming years.
  • Infrastructure development such smart cities, metros, highways, and others is expected to boost the market.
  • Increasing environment concerns and global target for lower the carbon emissions is expected to push the market growth.
  • Growing technology and increasing smart phone users is projected to fuel the market.
  • Government’s guidelines and efforts to make transportation safer is expected to spur the market expansion during the forecast period
  • Rapid growth in artificial intelligence and internet of things IOT is key factors boosting driving the market in the coming years.
  • Security systems are important as hacking act as major challenges that can hamper the market growth.
  • Constantly upgrading technologies and developments in auto industries are expected to create immense opportunities for the market players.

Scope of the Report

The report on the smart transportation market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Smart Transportation Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Product Types (Advanced Transportation Pricing Systems, Advanced Transportation Management Systems, and Advanced Public Transportation Systems), Applications (Road Safety, Traffic Management, Security, and Public Transport)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

SAP SE; Oracle Corporation; Cisco Systems Inc.; IBM Corporation; Siemens Corporation

Global Smart Transportation Market Segment Insights

The advanced public transportation systems segment is projected to represent a large market share

Based on product types, the smart transportation market is divided into advanced transportation pricing systems, advanced transportation management systems, and advanced public transportation systems. The advanced public transportation systems segment is expected to account for a key share of the market during the forecast period owing to governments measures for advancement of public transportation and infrastructure development of public transportation.

The power turbine segment is expected to expand at a significant pace

In terms of applications, the smart transportation market is segmented into road safety, traffic management, security, and public transport. The road safety, traffic management segment is expected to represent a key share of the market in the coming years due to increasing accidentals deaths around globe.

Smart Transportation Market By Applications

Europe is anticipated to dominate the market

On the basis of regions, the smart transportation market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Europe is anticipated expand at an impressive or healthy CAGR during the forecast period. The regional market growth can be attributed to overcrowding, thievery, and parking concerns, among other factors, are driving up demand for smart roadways in the region.

Segments

The global smart transportation market has been segmented on the basis of

Product Types
  • Advanced Transportation Pricing Systems
  • Advanced Transportation Management Systems
  • Advanced Public Transportation Systems
 Applications
  • Road Safety
  • Traffic Management
  • Security
  • Public Transport
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • SAP SE
  • Oracle Corporation
  • Cisco Systems Inc.
  • IBM Corporation
  • Siemens Corporation

Competitive Landscape

Key players competing in the global smart transportation market include SAP SE; Oracle Corporation; Cisco Systems Inc.; IBM Corporation; Siemens Corporation.

Some of these players are coming up with several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase/enhance their market shares.

Smart Transportation Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Transportation Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smart Transportation Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smart Transportation Market - Supply Chain
  4.5. Global Smart Transportation Market Forecast
     4.5.1. Smart Transportation Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smart Transportation Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Smart Transportation Market Absolute $ Opportunity
5. Global Smart Transportation Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Smart Transportation Market Size and Volume Forecast by Applications
     5.3.1. Road Safety Traffic Management Security Public Transport
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Smart Transportation Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Smart Transportation Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Smart Transportation Demand Share Forecast, 2019-2026
7. North America Smart Transportation Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Smart Transportation Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Smart Transportation Market Size and Volume Forecast by Applications
     7.4.1. Road Safety Traffic Management Security Public Transport
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Smart Transportation Demand Share Forecast, 2019-2026
8. Latin America Smart Transportation Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Smart Transportation Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Smart Transportation Market Size and Volume Forecast by Applications
     8.4.1. Road Safety Traffic Management Security Public Transport
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Smart Transportation Demand Share Forecast, 2019-2026
9. Europe Smart Transportation Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Smart Transportation Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Smart Transportation Market Size and Volume Forecast by Applications
     9.4.1. Road Safety Traffic Management Security Public Transport
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Smart Transportation Demand Share Forecast, 2019-2026
10. Asia Pacific Smart Transportation Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Smart Transportation Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Smart Transportation Market Size and Volume Forecast by Applications
     10.4.1. Road Safety Traffic Management Security Public Transport
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Smart Transportation Demand Share Forecast, 2019-2026
11. Middle East & Africa Smart Transportation Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Smart Transportation Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Smart Transportation Market Size and Volume Forecast by Applications
     11.4.1. Road Safety Traffic Management Security Public Transport
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Smart Transportation Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Smart Transportation Market: Market Share Analysis
  12.2. Smart Transportation Distributors and Customers
  12.3. Smart Transportation Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. SAP SE Oracle Corporation Cisco Systems Inc. IBM Corporation Siemens Corporation
The global smart transportation market has been segmented on the basis of

Product Types
  • Advanced Transportation Pricing Systems
  • Advanced Transportation Management Systems
  • Advanced Public Transportation Systems
 Applications
  • Road Safety
  • Traffic Management
  • Security
  • Public Transport
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • SAP SE
  • Oracle Corporation
  • Cisco Systems Inc.
  • IBM Corporation
  • Siemens Corporation

Key players competing in the global smart transportation market include SAP SE; Oracle Corporation; Cisco Systems Inc.; IBM Corporation; Siemens Corporation.

Some of these players are coming up with several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase/enhance their market shares.

Smart Transportation Market By Key Players

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