Global Smart Transportation Market is valued at approximately USD 110.53 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 13% over the forecast period 2023-2030. Intelligent Transportation System based applications are referred to as smart transportation. It is wirelessly connected with Internet of Things vertical technology. The main objective of the technology is to improve performance while also collecting and controlling real-time data. The Smart Transportation Market is expanding because of factors such as the growing demand of connected vehicles and rising adoption of IoT technologies. Moreover, the growing adoption of connected vehicles is having a significant impact on the smart transportation market. Increasing digitization, the rising popularity of connected car technology. Its importance has progressively increased during the forecast period of 2023-2030.
According to Statista, more than 400 million connected automobiles are expected to be in use by 2025, up from only about 237 million in 2021. The adoption of IoT and automation technologies in the smart transportation market is driving efficiency, improving connectivity, and enhancing overall transportation management. This leads to optimized operations, real-time data insights, and improved passenger experience. According to Statista, Globally, 9.7 billion Internet of Things (IoT) devices are expected to exist in 2020, almost tripling to more than 29 billion IoT devices in 2030. With almost 5 billion consumer devices, China may have the most Internet of Things (IoT) gadgets by 2030. IoT devices are employed throughout all business sectors and consumer markets, with the consumer market expected to account for over 60% of all IoT-linked devices by 2020. In addition, the growing adoption of analytical solutions in smart transportation and rising emergence of autonomous vehicles would create lucrative growth opportunities. However, the high cost of Smart Transportation and stringent transportation regulatory policies stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Smart Transportation Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe is dominating region during the forecast period owing to the, rapid adoption of advance technology and rising demand for efficient transportation. Furthermore, significant advancements in semi-autonomous and autonomous vehicles are anticipated to increase the smart transportation market. Asia Pacific is fastest growing region during the forecast period, owing to factors such as rapid advancement of smart transportation infrastructure and rising public funding for smart city initiatives and growing number of IoT devices in this region.
Major market player included in this report are:
- Accenture PLC
- Alstom, SA
- Cisco System, Inc.
- Cubic Corporation
- General Electric Company
- Indra Sistema S.A.
- International Business Machines Corporation
- Xerox Holdings Corporation
- TomTom International BV.
- BASS Software Ltd
Recent Developments in the Market:
- In June 2021, A new multi-year cooperation was announced by TomTom and GreenMile. The integration of TomTom Maps APIs with GreenMile's product improve real-time route planning and vehicle tracking for its clients.
- In January 2023, BASS recently launched BASSnet 2.11 Service Pack, which introduces several new features. These include the Carbon Intensity Indicator calculator, e-signature functionality for work and rest hours, and enhanced efficiency through the automation of Inventory of Hazardous Materials material declaration.
Global Smart Transportation Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Solution, Services, Transportation Type, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Solution:
- Ticketing Management System
- Parking Management and Guidance System
- Integrated Supervision System
- Traffic Management System
By Services:
- Business
- Professional
- Cloud Services
By Transportation Type:
- Roadways
- Railways
- Airways
- Maritime
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Smart Transportation Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Smart Transportation Market, by Solution, 2020-2030 (USD Billion)
- 1.2.3. Smart Transportation Market, by Services, 2020-2030 (USD Billion)
- 1.2.4. Smart Transportation Market, by Transportation Type, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Smart Transportation Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Smart Transportation Market Dynamics
- 3.1. Smart Transportation Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing demand of connected vehicles
- 3.1.1.2. Rising adoption of IoT technology
- 3.1.2. Market Challenges
- 3.1.2.1. High cost of Smart Transportation
- 3.1.2.2. Stringent transportation regulatory policies
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing adoption of analytical solutions
- 3.1.3.2. Rising emergence of autonomous vehicles
Chapter 4. Global Smart Transportation Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Smart Transportation Market, by Solution
- 5.1. Market Snapshot
- 5.2. Global Smart Transportation Market by Solution, Performance - Potential Analysis
- 5.3. Global Smart Transportation Market Estimates & Forecasts by Solution 2020-2030 (USD Billion)
- 5.4. Smart Transportation Market, Sub Segment Analysis
- 5.4.1. Ticketing Management System
- 5.4.2. Parking Management and Guidance System
- 5.4.3. Integrated Supervision System
- 5.4.4. Traffic Management System
Chapter 6. Global Smart Transportation Market, by Services
- 6.1. Market Snapshot
- 6.2. Global Smart Transportation Market by Services, Performance - Potential Analysis
- 6.3. Global Smart Transportation Market Estimates & Forecasts by Services 2020-2030 (USD Billion)
- 6.4. Smart Transportation Market, Sub Segment Analysis
- 6.4.1. Business
- 6.4.2. Professional
- 6.4.3. Cloud Services
Chapter 7. Global Smart Transportation Market, by Transportation Type
- 7.1. Market Snapshot
- 7.2. Global Smart Transportation Market by Transportation Type, Performance - Potential Analysis
- 7.3. Global Smart Transportation Market Estimates & Forecasts by Transportation Type 2020-2030 (USD Billion)
- 7.4. Smart Transportation Market, Sub Segment Analysis
- 7.4.1. Roadways
- 7.4.2. Railways
- 7.4.3. Airways
- 7.4.4. Maritime
Chapter 8. Global Smart Transportation Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Smart Transportation Market, Regional Market Snapshot
- 8.4. North America Smart Transportation Market
- 8.4.1. U.S. Smart Transportation Market
- 8.4.1.1. Solution breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Services breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. Transportation Type breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Smart Transportation Market
- 8.5. Europe Smart Transportation Market Snapshot
- 8.5.1. U.K. Smart Transportation Market
- 8.5.2. Germany Smart Transportation Market
- 8.5.3. France Smart Transportation Market
- 8.5.4. Spain Smart Transportation Market
- 8.5.5. Italy Smart Transportation Market
- 8.5.6. Rest of Europe Smart Transportation Market
- 8.6. Asia-Pacific Smart Transportation Market Snapshot
- 8.6.1. China Smart Transportation Market
- 8.6.2. India Smart Transportation Market
- 8.6.3. Japan Smart Transportation Market
- 8.6.4. Australia Smart Transportation Market
- 8.6.5. South Korea Smart Transportation Market
- 8.6.6. Rest of Asia Pacific Smart Transportation Market
- 8.7. Latin America Smart Transportation Market Snapshot
- 8.7.1. Brazil Smart Transportation Market
- 8.7.2. Mexico Smart Transportation Market
- 8.8. Middle East & Africa Smart Transportation Market
- 8.8.1. Saudi Arabia Smart Transportation Market
- 8.8.2. South Africa Smart Transportation Market
- 8.8.3. Rest of Middle East & Africa Smart Transportation Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Accenture PLC
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Alstom, SA
- 9.3.3. Cisco System, Inc.
- 9.3.4. Cubic Corporation
- 9.3.5. General Electric Company
- 9.3.6. Indra Sistema S.A.
- 9.3.7. International Business Machines Corporation
- 9.3.8. Xerox Holdings Corporation
- 9.3.9. TomTom International BV.
- 9.3.10. BASS Software Ltd
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption