Product Code: r10598
“Smart Transportation Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on smart transportation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for smart transportation? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The smart transportation market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) 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
- 2) By Transportation Mode: Roadways; Railways; Airways; Maritime
- 3) By Application: Traffic Management; Road Safety and Security; Parking Management; Public Transport; Automotive Telematics; Freight
- Companies Mentioned: Cisco Systems Inc.; Toshiba Corporation; Siemens Corporation; SAP SE; Thales Group
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Smart transportation involves the integration of management techniques and contemporary technology within the transportation industry. This entails the utilization of various technological solutions, ranging from fundamental management systems like car navigation, traffic signal control systems, and container management systems, to more advanced applications that incorporate real-time data and inputs from diverse external sources.
Key products in the realm of smart transportation encompass advanced traveler information systems, advanced transportation management systems, advanced transportation pricing systems, advanced public transportation systems, and cooperative vehicle systems. Advanced traveler information systems utilize cutting-edge computer, communication, and information technologies to provide crucial information to users regarding traffic laws, route guidance, location guidance, hazardous situations, safety advisories, and warning messages. These systems find applications in various transportation modes, including roadways, railways, airways, and maritime. The applications of smart transportation span across traffic management, road safety and security, parking management, public transport, automotive telematics, and freight management.
The smart transportation market research report is one of a series of new reports from The Business Research Company that provides smart transportation market statistics, including smart transportation industry global market size, regional shares, competitors with a smart transportation market share, detailed smart transportation market segments, market trends and opportunities, and any further data you may need to thrive in the smart transportation industry. This smart transportation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The smart transportation market size has grown rapidly in recent years. It will grow from $139. 76 billion in 2023 to $161. 93 billion in 2024 at a compound annual growth rate (CAGR) of 15. 9%. The growth observed in the historical period can be attributed to several factors, including increased urbanization and congestion in cities, the adoption of intelligent transportation systems for effective traffic management, a rise in the demand for real-time tracking and monitoring in transportation, advancements in sensor technologies, and improved connectivity in vehicles. Additionally, government initiatives promoting smart city and transportation solutions have played a significant role in fostering this growth.
The smart transportation market size is expected to see rapid growth in the next few years. It will grow to $286. 93 billion in 2028 at a compound annual growth rate (CAGR) of 15. 4%. The anticipated growth in the forecast period can be attributed to various factors, including the increased adoption of electric and autonomous vehicles, the integration of 5G technology to enable faster and more reliable communication, a growing focus on sustainability and eco-friendly transportation solutions, the expansion of the shared mobility and ride-sharing industry, and the development of smart transportation infrastructure in emerging economies. Key trends expected in the forecast period include the creation of integrated Mobility-as-a-Service (MaaS) platforms, an emphasis on predictive maintenance for transportation fleets, the use of artificial intelligence for traffic prediction and optimization, the integration of blockchain technology for secure and transparent transactions, and increased collaboration between automotive manufacturers and technology companies to develop connected vehicle solutions.
The smart transportation market is experiencing growth driven by increasing government initiatives and regulations. Governments in emerging and developing economies are directing investments towards innovative transportation technologies to alleviate road congestion, uphold safe transportation practices, and reduce road accidents. Presently, the Indian government is overseeing the construction of approximately 599 highway projects with a total budget of INR 1,000 billion ($14. 67 billion). Within this budget, INR 480 billion ($7. 03 billion) is allocated for the development of smart cities along these new highways. Consequently, the surge in government initiatives and regulatory measures is anticipated to foster demand for smart transportation solutions throughout the forecast period.
The smart transportation market is poised for growth due to the increasing urban population. The rising urban population, representing the proportion of a country's or region's residents in cities, towns, and densely populated areas, necessitates smart transportation solutions for efficient management and optimization of transportation systems. According to The World Economic Forum (WEF), in 2022, over 4. 3 billion people, or 55% of the global population, reside in urban settings, with expectations of reaching 80% by 2050. This demographic shift is set to contribute to the expansion of the smart transport market.
Leading companies in the smart transportation market are introducing innovative platforms like the road synergy platform to enhance their competitive position. The road synergy platform is a technology or system designed to establish a synergistic and integrated environment for various elements related to road infrastructure and transportation. For instance, SenseTime, a China-based artificial intelligence company, unveiled its SenseAuto V2X Vehicle-Road Synergy Platform in September 2022. This platform aims to facilitate safer and more efficient urban mobility by integrating 'smart cars, intelligent roads, and collaborative clouds. ' The SenseAuto V2X platform offers a comprehensive analysis and decision-making solution through the fusion processing and analysis of vehicle and roadside information.
A noteworthy trend in the smart transportation market is the increasing adoption of the Internet of Things (IoT). IoT sensors and devices play a pivotal role in collecting information such as trip time and weather conditions, connecting with other devices and systems in intelligent transportation systems. This data can assist drivers and enhance overall traffic management. For example, China's first smart transportation IoT platform, launched in November 2022, incorporates a variety of IoT hardware facilities and smart transportation IoT software platforms. These facilitate the work of road traffic practitioners, including traffic police, road maintenance workers, and road builders, enabling safer and more efficient operations.
In May 2021, Siemens Mobility, a Germany-based provider of sustainable and efficient transport solutions, acquired Padam Mobility for an undisclosed amount. This acquisition strengthens Siemens Mobility's portfolio in multimodal transportation, offering intelligent infrastructure solutions. Padam Mobility, a France-based Software as a Service (SaaS) provider, specializes in on-demand and paratransit software solutions.
Major companies operating in the in the smart transportation market report are Cisco Systems Inc., Toshiba Corporation, Siemens Corporation, SAP SE, Thales Group, Alphabet Inc., Tesla Inc., Uber Technologies Inc., Mobileye, NVIDIA Corporation, Siemens Mobility, TomTom N. V., IBM Corporation, Qualcomm Inc., Intel Corporation, General Motors Company, Ford Smart Mobility, Daimler AG, Bosch Group, Continental AG, Cubic Corporation, Aptiv PLC, Trimble Inc., HERE Technologies, Velodyne Lidar Inc., ChargePoint Inc., NXP Semiconductors, TransCore Holdings Inc., WSP Global Inc., Cryoport Inc.
North America was the largest region in the smart transportation market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the smart transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the smart transportation market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The smart transportation market includes revenues earned by entities by managing transportation and ensuring safe movement of vehicles, pedestrians, traffic, parking, and others. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Table of Contents
1. Executive Summary
2. Smart Transportation Market Characteristics
3. Smart Transportation Market Trends And Strategies
4. Smart Transportation Market - Macro Economic Scenario
- 4.1. Impact Of High Inflation On The Market
- 4.2. Ukraine-Russia War Impact On The Market
- 4.3. COVID-19 Impact On The Market
5. Global Smart Transportation Market Size and Growth
- 5.1. Global Smart Transportation Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
- 5.2. Global Smart Transportation Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
- 5.3. Global Smart Transportation Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Smart Transportation Market Segmentation
- 6.1. Global Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Advanced Traveler Information Systems (ATIC)
- Advanced Transportation Management Systems (ATMS)
- Advanced Transportation Pricing Systems (ATPS)
- Advanced Public Transportation Systems (APTS)
- Cooperative Vehicle Systems
- 6.2. Global Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Roadways
- Railways
- Airways
- Maritime
- 6.3. Global Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Traffic Management
- Road Safety and Security
- Parking Management
- Public Transport
- Automotive Telematics
- Freight
7. Smart Transportation Market Regional And Country Analysis
- 7.1. Global Smart Transportation Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 7.2. Global Smart Transportation Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Smart Transportation Market
- 8.1. Asia-Pacific Smart Transportation Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.3. Asia-Pacific Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8. 4. Asia-Pacific Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Smart Transportation Market
- 9.1. China Smart Transportation Market Overview
- 9.2. China Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.3. China Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9. 4. China Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Smart Transportation Market
- 10.1. India Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.2. India Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.3. India Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Smart Transportation Market
- 11.1. Japan Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.2. Japan Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.3. Japan Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Smart Transportation Market
- 12.1. Australia Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.2. Australia Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.3. Australia Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Smart Transportation Market
- 13.1. Indonesia Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.2. Indonesia Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.3. Indonesia Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Smart Transportation Market
- 14.1. South Korea Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.2. South Korea Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.3. South Korea Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Smart Transportation Market
- 15.1. Western Europe Smart Transportation Market Overview
- 15.2. Western Europe Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.3. Western Europe Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15. 4. Western Europe Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Smart Transportation Market
- 16.1. UK Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.2. UK Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.3. UK Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Smart Transportation Market
- 17.1. Germany Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.2. Germany Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.3. Germany Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Smart Transportation Market
- 18. 5. France Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18. 6. France Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18. 7. France Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Smart Transportation Market
- 19. 9. Italy Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.10. Italy Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.11. Italy Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Smart Transportation Market
- 20.13. Spain Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.14. Spain Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.15. Spain Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Smart Transportation Market
- 21.1. Eastern Europe Smart Transportation Market Overview
- 21.2. Eastern Europe Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.3. Eastern Europe Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21. 4. Eastern Europe Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Smart Transportation Market
- 22.1. Russia Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.2. Russia Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.3. Russia Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Smart Transportation Market
- 23.1. North America Smart Transportation Market Overview
- 23.2. North America Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.3. North America Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23. 4. North America Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Smart Transportation Market
- 24.1. USA Smart Transportation Market Overview
- 24.2. USA Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.3. USA Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24. 4. USA Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Smart Transportation Market
- 25.1. Canada Smart Transportation Market Overview
- 25.2. Canada Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.3. Canada Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25. 4. Canada Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Smart Transportation Market
- 26.1. South America Smart Transportation Market Overview
- 26.2. South America Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.3. South America Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26. 4. South America Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Smart Transportation Market
- 27.1. Brazil Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.2. Brazil Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.3. Brazil Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Smart Transportation Market
- 28.1. Middle East Smart Transportation Market Overview
- 28.2. Middle East Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.3. Middle East Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28. 4. Middle East Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Smart Transportation Market
- 29.1. Africa Smart Transportation Market Overview
- 29.2. Africa Smart Transportation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.3. Africa Smart Transportation Market, Segmentation By Transportation Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29. 4. Africa Smart Transportation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Smart Transportation Market Competitive Landscape And Company Profiles
- 30.1. Smart Transportation Market Competitive Landscape
- 30.2. Smart Transportation Market Company Profiles
- 30.2.1. Cisco Systems Inc.
- 30.2.1.1. Overview
- 30.2.1.2. Products and Services
- 30.2.1.3. Strategy
- 30.2.1. 4. Financial Performance
- 30.2.2. Toshiba Corporation
- 30.2.2.1. Overview
- 30.2.2.2. Products and Services
- 30.2.2.3. Strategy
- 30.2.2. 4. Financial Performance
- 30.2.3. Siemens Corporation
- 30.2.3.1. Overview
- 30.2.3.2. Products and Services
- 30.2.3.3. Strategy
- 30.2.3. 4. Financial Performance
- 30.2. 4. SAP SE
- 30.2. 4.1. Overview
- 30.2. 4.2. Products and Services
- 30.2. 4.3. Strategy
- 30.2. 4. 4. Financial Performance
- 30.2. 5. Thales Group
- 30.2. 5.1. Overview
- 30.2. 5.2. Products and Services
- 30.2. 5.3. Strategy
- 30.2. 5. 4. Financial Performance
31. Global Smart Transportation Market Competitive Benchmarking
32. Global Smart Transportation Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Smart Transportation Market
34. Smart Transportation Market Future Outlook and Potential Analysis
- 34.1 Smart Transportation Market In 2028 - Countries Offering Most New Opportunities
- 34.2 Smart Transportation Market In 2028 - Segments Offering Most New Opportunities
- 34. 3 Smart Transportation Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies
35. Appendix
- 35.1. Abbreviations
- 35.2. Currencies
- 35.3. Historic And Forecast Inflation Rates
- 35. 4. Research Inquiries
- 35. 5. The Business Research Company
- 35. 6. Copyright And Disclaimer