1. Market Research
  2. > Construction
  3. > Urban Development
  4. > Smart City Market Trends
Smart Transportation Market by Transportation Mode, Solution, Service, Communication Technology, Application And Region - Global Forecast to 2025

Smart Transportation Market by Transportation Mode, Solution, Service, Communication Technology, Application And Region - Global Forecast to 2025

  • August 2020
  • 359 pages
  • ID: 4823026
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

Growth of the smart transportationmarket can be attributed due to the technological advancement to enhance customer experience and the growing government initiatives and PPP models for smart transportation
The smart transportation market size is projected to grow from USD 94.5billion in 2020 to USD 156.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period. The major factors drivingthe growth of the smart transportation market include technological advancements to enhance customer experience, growing government initiatives and PPP models for smart transportation, rising urban population and high demographic rates, and growing adoption of IoT and automation technologies to enhance technological optimization.

Airways transportation mode to grow at a higher CAGR during the forecast period
The smart tarnsportationmarket is segmented into four transportation mode: roadways, railways, airways and maritime.Air transportation is an important transportation mode in the global smart transportation market.

With the growing urbanization across the globe, the airways industry has evolved over the years.The demand for aviation services has increased significantly in the last decade.

New technologies and digitization of services are driving the airline industry to ensure smooth maintenance, reduce operating costs, and take advantage of the increasing air travel. Several disruptive technologies, such as AI/ML, IoT, blockchain, big data and analytics, AR, biometrics, and robotics, provides the potential to improve the customer experience and enhance the operational efficiency both on the ground and in-flight.

Solutions in the roadways transportation mode to lead the market during the forecast period
The solution segment of the roadways transportation mode of the smart transportation market includes smart ticketing, parking management, traffic management, passenger information, freight information, and vehicle telematics and others (GIS tracking, commercial vehicle operations, and security).With the growing government initiative related to the enhancement of vehicle efficiency across the globe has led to the growth of the solution segment if the roadways transportation mode.

As of now, several regional governments are focusing on deploying smart technologies in vehicles for ensuring safety. The deployment of roadways solutions helps in better fuel, operations, and route management, which, in turn, saves fuel, curbs additional carbon emission, and increases the life cycle of vehicle parts.

Smart ticketing solution segment of the railways transportation mode to grow at a higher CAGR during the forecast period
The smart ticketing solution is an intelligent solution, which includes integrated ticketing, onboard ticketing, online ticketing, mobile application ticketing, and smart card system.It enables smooth passenger flow by enabling a comfortable passenger experience.

It reduces dependence on cash and other payment methods, which aid in smooth transitions and improve journey time.Smart ticketing will help contribute to the overall improvement of the railway transport network level of services, images, and accessibility, to facilitate and/or increase the use of railway transport.

The incraesing demand of the ticketing process to simplify the process drives the demand for smart ticketing solutions.

Air traffic management in the airways transportation mode to lead the market during the forecast period
Air Traffic Management (ATM) is dynamic and integrated management of air traffic and airspace involving airborne and ground-based functions to provide safe, economical, and efficient airspace management and Air Traffic Flow Management (ATFM). The introduction of new technologies, such as GPS-based navigation and landing digital air-ground data link communication, and Automatic Dependent Surveillance Broadcast (ADS-B), is expected to boost the growth of ATM

Vessel tracking solution segment of the maritime transportation mode to grow at a higher CAGR during the forecast period
A vessel tracking system plays an important role by bringing about long-range connectivity not only between ships and coast guards of countries but also among ships as well.With the increasing connectivity technologies, such as IoT, vessel tracking systems have managed to incorporate internet connectivity as a part of their core objective, providing a much better service.

Vessel tracking helps manage the entire life cycle of vessels/containers in export/import.It is one of the critical software used by the professional mariner to keep track of all assets (vessel, containers, cargo, and buoys) and monitor positions of the vessels.

Advancements of communication technologies in the maritime transportation mode provides the connectivity from ship-to-ship communication and ship-to-shore communication.

Europeto lead the market share in 2020
Europe is the largest regional market in terms of revenue, and the UK is the most developed economy, contributing significantly to the smart transportation market.The European countries have been investing majorly in the modernization and upgradation of rail infrastructure.

Social and trade agreements among the European Union (EU) countries have promoted large-scale, cross-border trade and passenger traffic in Europe.The dynamics of the transportation industry in Europe is changing rapidly with new freight and passenger management systems.

To boost the efficiency of the existing infrastructure, several European countries are expected to adopt to new smart transportation solutions. Europe has a conducive environment for the implementation of smart transportation systems, as the government has planned investments for improving the public transportation modes in this region.
• By Company Type: Tier 1 – 62%, Tier 2 – 23%, and Tier 3 – 15%
• By Designation: C-level – 38%, Directors – 30%,and Others – 32%
• By Region: North America – 40%,Europe– 15%, APAC– 35%,MEA – 5%, Latin America– 5%.

Some prominent players profiled in the study include Thales Group (France), Huawei Technologies Co., Ltd. (China), Siemens AG (Germany), IBM Corporation (US), Cisco Systems, Inc. (US), SAP (Germany), Cubic Corporation (US), Alstom (France), Bombardier Inc. (Canada), Toshiba (Japan), Harris Corporation (US), Saab AB (Sweden), Veson Nautical (Massachusetts), BASS Software (Norway), Bentley Systems (US), Indra Sistemas (Spain), Trimble (US), TomTom International BV. (Netherlands), Amadeus IT Group SA (Spain), Conduent (US), Kapsch (Austria), Hitachi Ltd. (Japan), Descartes (Canada), Accenture (Ireland), and DNV GL (Norway).

Research coverage
The market studycoversthe smart transportationmarket across different segments.It aims at estimating the market size and the growth potential of this market across different segments, such as transportation modes (roadways, railways, airways, maritime), communication technology, applications, and regions.

Each of the transport modes has been further divided into solutions and services associated with them.The communication technology covers different communication technologies used across all the transportation modes in the smart transportation market.

The application segment covers different applications of the smart transportation.The applications are common to all modes of transportation and comprise route information and route guidance, transit hubs, autonomous/driverless vehicles, video management, and others (transport infrastructure management, asset management, road safety and security, and public safety).

The regional analysis of the smart transportation market covers North America, Europe, APAC, MEA, and Latin America. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying the report
The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall smart transportationmarket and its segments.This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and plan suitable go-to-market strategies.

The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on