DUBLIN--(BUSINESS WIRE)--The "Smart Transportation Market by Transportation Mode, Product Type (Solutions & Services), Application (Mobility as a Service, Route Information, Route Guidance, Public Transport, Transit Hubs, Connected Cars), and Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
This report provides in-depth analysis of smart transportation market in five major geographies and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2028.
The global smart transportation market is expected to reach $33.6 billion by 2028, growing at a CAGR of 17.5% during the forecast period of 2021 to 2028.
The growth of this market is attributed to the rapid urbanization and increasing demand for efficient transportation, rising government focus on reducing greenhouse gas emissions and curbing alarming levels of traffic congestion, and increasing investments in smart city projects.
In addition, the emergence of autonomous vehicles offers significant growth opportunities for the smart transportation market. However, the high initial cost of deployment and stringent transportation regulatory policies obstructs the growth of this market up to some extent.
Key Questions Answered in the Report
- Which are the high growth market segments in terms of the transportation mode, product type, application, and countries?
- What is the historical market for smart transportation across the globe?
- What are the market forecasts and estimates from the period 2021-2028?
- What are the major drivers, restraints, and opportunities in the global smart transportation market?
- Who are the major players in the global smart transportation market, and what share do they hold?
- Who are the major players in various countries, and what share of the market do they hold?
- How is the competitive landscape?
- What are the recent developments in the global smart transportation market?
- What are the different strategies adopted by the major players in the global smart transportation market?
- What are the geographical trends and high growth countries?
- Who are the local emerging players in the global smart transportation market and how do they compete with the other players?
Scope of the Report
Smart Transportation Market, by Transportation Mode
- Roadways
- Railways
- Airways
- Maritime
Smart Transportation Market, by Product Type
- Solutions
- Smart Ticketing & Toll
- Parking Management
- Traffic Management
- Passenger Information
- Freight Information
- Telematics
- Other Solutions
- Services
- Consulting
- Deployment and Integration
- Support and Maintenance
Smart Transportation Market, by Application
- Mobility as a Service
- Route Information and Route Guidance
- Public Transport
- Transit Hubs
- Connected Cars
- Other Applications
Smart Transportation Market, by Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Sweden
- Denmark
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Singapore
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Israel
- Rest of MEA
Market Dynamics
Drivers
- Government Initiatives Towards Reducing Greenhouse Gas Emissions
- Rising Urbanization and Demand for Efficient Transportation
- Technological Advancements
Restraints
- Lack of Standardized and Uniform Technology
Opportunities
- Emergence of Autonomous Vehicles
- Increasing Investments in Smart City Projects
- Decline in Vehicle Ownership with the Advancement of Maas
Challenges
- High Initial Cost of Deployment
Trends
- Increasing Use of IoT in Smart Transportation Solutions
- Connected Vehicles & Autonomous Drones
Companies Mentioned
- Thales Group
- Huawei Technologies Co. Ltd.
- Siemens AG
- IBM Corporation
- Cisco Systems Inc.
- SAP SE
- Cubic Corporation
- Alstom
- Bentley Systems Inc.
- Toshiba Corporation
- Harris Corporation
- Saab AB
- Veson Nautical
- BASS Software Ltd.
- Indra Sistemas
For more information about this report visit https://www.researchandmarkets.com/r/j2p7kv.
