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Global Smart Transportation Market 2021 Production, Revenue, Price and Gross Margin Analysis with Forecasts

Smart Transportation

The report focuses on the favorable Global “Smart Transportation market” and its expanding nature. The Smart Transportation market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The Smart Transportation Market is expected to reach USD 224.63 billion by 2024, at a CAGR of 18.68% over the forecast period. The ever-increasing population of the world is leading to rapid urbanization leading to many problems, such as congestion and safety issues on the road. The need for sustainable solutions to counter these problems is gaining importance across the world. The emergence of cloud-based technologies and advances in Vehicle-to-Vehicle (V2V) and Vehicle-to-Grid infrastructure (V2I) are making smart transportation a reality.
  • – As the global population continues to grow, an increasing number of cities are experiencing the challenges of accommodating its residents as well as the visitors. Congested roadways to increased emissions, these issues impact the health and well-being of its residents.
  • – Government regulations and initiatives are the most important drivers for the growth and development of the intelligent transportation system market. With growing road safety concerns and increasing auto thefts, governments across the world, especially in the US, , Russia, China, and Brazil, are mandating the installation of factory-fitted telematics and safety devices in vehicles.
  • – Smart transportation IoT solutions augmented with smart city solutions enable government organizations and their partners to create safer, efficient transport infrastructure in cities by improving community resources and transportation for everyone. IoT solutions for smart transportation offers real-time visibility and accurate data, allowing the concerned city transport authorities and the organizations to improve efficiency while creating smarter, greener cities for its dwellers.

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    Key Manufacturers

  • Cisco Systems Inc.
  • SAP SE
  • IBM Corporation
  • AVEVA Group plc
  • Siemens Corporation
  • Oracle Corporation
  • AGT International
  • Advantech Co.
  • Ltd.
  • Orange Business Services
  • ERTICO-ITS
  • Hitachi Inc.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Smart Transportation market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Smart Transportation market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Smart Transportation market have also been involved in the study.

    Scope of the Report:

  • Smart transportation is considered as the vertical application of IoT capabilities, and therfore refers to the integrated application of modern technologies and management strategies in the transportation systems. These technologies are aimed at providing innovative services related to different modes of transport and traffic management. It enables the users to be better informed and make safer and better use of transport networks.
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    TOC of Smart Transportation Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Smart Transportation market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Smart Transportation Market Report Covered:

    • The report analyses how Smart Transportation market will grow in the future.
    • Analyzing various perspectives of the Smart Transportation market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Smart Transportation market shares and policies employed by the major market players.
    • Competitive landscape including the Smart Transportation market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Smart Transportation market players

    Key Market Trends:

    Rise in Urbanization, Increasing Mega Cities and Population

    – More than half the world’s urban population resides in Asia where some countries, like and China, already have about a billion people living in the cities alone. The other regions with relatively high urban population are North America, , and Africa.
    – The growing urbanization is an indication of the rising complexities in the cities across the globe with transportation requirements being one of those issues. Resolving these complexities is one of the major challenges faced by the transportation market across these regions.
    – Technological innovations have brought about a major change in the way everything operates. The Internet of Things has made developing connected networks feasible in almost all major functioning sectors today. Integration of this transportation system has resolved most of the transportation-related complexities. The rising growth rate of megacities worldwide and multiple innovations taking place in the field of technology are expected to open up a number of opportunities.

    Holds the Largest Share Owing to Government Support

    – It is expected that approximately 233 million connected cars would be on the road by 2020, globally, and is holds the majority of the percentage in the production of connected cars during the forecast period. The connected cars market is expected to increase by four times in 2020 compared to the current market state. These connected technologies in the automotive sector might boost the smart solutions market in the transportation sector.
    – Moreover, urban transportation is becoming an important pillar for a better quality of life of citizens in a city. Currently, in most of the cities in , private and public road transportations are the vital mode of commuting. However, the lack of safety and the quality of the public transportation as well as the poor traffic management in overcrowded road network, the rise of theft, increase in parking issues, etc., are boosting the market for smart highways which, in turn, is boosting the market growth in the region.

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    Study objectives of Smart Transportation Market Report:

    • To provide a detailed analysis of the market structure along with the Smart Transportation market forecast of various segments and sub-segments of the Smart Transportation market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Smart Transportation market trends that influence the global Smart Transportation market

    Detailed TOC of Smart Transportation Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Rise of Urbanization and Increasing Mega Cities and Increasing Population
    4.3.2 Government Initiatives to Enhance the Transportation Infrastructure
    4.4 Market Restraints
    4.4.1 Initial Capital Expenditure to Create Sustainable System
    4.5 Industry Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry
    4.7 Technology Snapshot

    5 MARKET SEGMENTATION
    5.1 By Application
    5.1.1 Traffic Management
    5.1.2 Road Safety and Security
    5.1.3 Parking Management
    5.1.4 Public Transport
    5.1.5 Automotive Telematics
    5.1.6 Freight
    5.1.7 Other Applications
    5.2 By Product Type
    5.2.1 Advanced Traveler Information Systems (ATIC)
    5.2.2 Advanced Transportation Management Systems (ATMS)
    5.2.3 Advanced Transportation Pricing Systems (ATPS)
    5.2.4 Advanced Public Transportation Systems (APTS)
    5.2.5 Cooperative Vehicle Systems
    5.3 Geography
    5.3.1 North America
    5.3.2
    5.3.3 Asia-Pacific
    5.3.4 Latin America
    5.3.5 Middle East and Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Cisco Systems Inc.
    6.1.2 SAP SE
    6.1.3 IBM Corporation
    6.1.4 AVEVA Group plc
    6.1.5 Siemens Corporation
    6.1.6 Oracle Corporation
    6.1.7 AGT International
    6.1.8 Advantech Co., Ltd.
    6.1.9 Orange Business Services
    6.1.10 ERTICO-ITS
    6.1.11 Hitachi Inc.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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