DUBLIN, Aug. 17, 2022 /PRNewswire/ — The “Smart Transportation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global smart transportation market reached a value of US$ 85 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 166.7 Billion by 2027, exhibiting a CAGR of 11.88% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Smart transportation refers to the integrated application of the latest technologies and management strategies into existing transportation systems. It includes the use of several technologies, such as car navigation, traffic signal control systems, automatic number plate recognition and speed cameras.
It can be achieved through improvements in infrastructure, legislative provisions towards sustainable fuels for public transport vehicles, and implementing schemes to provide mobility services to ever-expanding cities efficiently. Besides this, a smart transportation network provides citizens and visitors with convenient, affordable, and reliable ways of commuting.
The increasing use of the internet of things (IoT) devices, 5G communication technology, and machine learning (ML) represents one of the key factors facilitating the development of smart transportation networks. Moreover, the growing working population is positively influencing the need for interconnected mobility solutions that reduce road traffic and commute times and provide diverse travel options.
Apart from this, the boosting sales of vehicles on account of the improving living standards of individuals and rapid urbanization are encouraging the construction of urban road networks across the globe. In addition, automotive manufacturers are offering technological advancements in automobiles, such as high performance, safe design, sustainable fuels, and adherence to the latest emission norms.
Furthermore, with rising instances of road traffic congestion, governing agencies of various countries are increasing their budget for developing smart cities. This includes providing efficient urban mobility and public transport system. Moreover, several companies are offering sophisticated services in smart transportation solutions, which is impelling the market growth. For instance, NEC New Zealand signed a long-term agreement with Environment Canterbury and the Christchurch City Council to evolve their bus network into a smart transportation network using a modern real-time information (RTI) system.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture plc, Alstom SA, Bentley Systems Incorporated, Cisco Systems Inc., Cubic Corporation, General Electric Company, Indra Sistemas S.A., International Business Machines Corporation, Kapsch Aktiengesellschaft, Siemens AG, Thales Group and Xerox Corporation.
Key Questions Answered in This Report:
- How has the global smart transportation market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global smart transportation market?
- What are the key regional markets?
- What is the breakup of the market based on the solution?
- What is the breakup of the market based on the services?
- What is the breakup of the market based on the transportation mode?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global smart transportation market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Smart Transportation Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Solution
6.1 Hybrid Ticketing Management System
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Parking Management and Guidance System
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Integrated Supervision System
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Traffic Management System
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Services
7.1 Business Services
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Professional Services
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Cloud Services
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Transportation Mode
8.1 Roadways
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Railways
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Airways
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Maritime
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Application
9.1 Mobility as a Service
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Public Transport
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Transit Hubs
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Connected Cars
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Video Management
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Accenture plc
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Alstom SA
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Bentley Systems Incorporated
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.4 Cisco Systems Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Cubic Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 SWOT Analysis
15.3.6 General Electric Company
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Indra Sistemas S.A.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 International Business Machines Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Kapsch Aktiengesellschaft
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Siemens AG
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Thales Group
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Xerox Corporation
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
For more information about this report visit https://www.researchandmarkets.com/r/ox3zfe
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