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Smart Transportation Market by Solution Type (Smart Ticketing, Parking Management, Passenger Information, Traffic Management, Integrated Supervision, and Insurance Telematics), Service, and Region - Global Forecast to 2021

  • ID: 4199014
  • Report
  • April 2017
  • Region: Global
  • 169 Pages
  • Markets and Markets
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The Smart Transportation Market Size is Expected to Grow from USD 72.05 Billion in 2016 to USD 220.76 Billion by 2021, at a CAGR of 25.1%

FEATURED COMPANIES

  • Alstom SA
  • Cubic Corporation
  • Indra Sistemas, S.A.
  • LG CNS Co., Ltd.
  • Siemens AG
  • Tomtom International Bv
  • MORE

The smart transportation market size is expected to grow from USD 72.05 billion in 2016 to USD 220.76 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 25.1% during the period 2016–2021. The major drivers for an upsurge in demand for the smart transportation market include the rising urban population and demand of integrated security & safety system for transportation. Investment in legacy systems precluding the Return of Investment (ROI) is one the restraining factors that affect the growth of the market.

The passenger information solution is expected to have the largest market share during the forecast period. Passenger information solutions make an important link between commuters and transit service providers. Keeping commuters informed with their current journey information is one of the top most priorities of the transit agencies. Passenger information solutions provide real-time information of the transit services, such as current location, estimated arrival & departure time, and causes for disruption.

As per the geographic analysis, Asia-Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The competition in this region is fragmented and smart transportation solution providers are looking at expanding the base of their operations to most of the countries in the region, as a result of business strategic moves, such as improved infrastructure and implementation of various smart city projects. The government in this region is spending heavily on the transport infrastructure and working on Public–Private Partnership (PPP) model to ramp up the smart transportation projects.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key industry personnel.

The break-up profile of the primary discussion participants is given below:

  • By Company Type: Tier 1 (44%), Tier 2 (37%), and Tier 3 (19%)
  • By Designation: C-Level (65%) and Manager Level (35%)
  • By Region: Europe (44%), APAC (18%), North America (33%), and Rest of World (RoW) (5%)

The various smart transportation solution and service vendors profiled in the report are as follows:

1. Alstom SA (Levallois-Perret, France)
2. Cisco Systems, Inc. (California, U.S.)
3. Cubic Corporation (California, U.S.)
4. General Electric Company (Massachusetts, U.S)
5. IBM Corporation (New York, U.S.)
6. Indra Sistemas S.A. (Madrid, Spain)
7. Kapsch TrafficCom AG (Vienna, Austria)
8. LG CNS Co. Ltd. (Seoul, South Korea)
9. Q-Free ASA (Trondheim, Norway)
10. Siemens AG (Munich, Germany)
11. Thales Group (La Defense, France)
12. TomTom International B.V. (Amsterdam, Netherlands)
13. WS Atkins (Epsom, U.K.)

Research Coverage

The global smart transportation market has been segmented on the basis of solution types, services, and regions. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities in different regions. In addition, product portfolio analysis and vendor strategy analysis are some of the other MarketsandMarkets analysis included in the report.

Reasons to Buy the Report

The report will help the market leaders/new entrants in this market in the following ways:

1. This report segments the smart transportation market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments, across different regions.
2. The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help the stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.

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FEATURED COMPANIES

  • Alstom SA
  • Cubic Corporation
  • Indra Sistemas, S.A.
  • LG CNS Co., Ltd.
  • Siemens AG
  • Tomtom International Bv
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency

2 Research Methodology
2.1 Research Data
2.1.1.1 Breakdown of Primaries
2.1.1.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions and Limitations
2.3.1 Assumptions
2.3.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Smart Transportation Market
4.2 Market By Type, 2016-2021
4.3 Market By Solution, 2016-2021
4.4 Market By Service, 2016-2021
4.5 Market By Region, 2016
4.6 Lifecycle Analysis, By Region

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Smart Transportation V/S Traditional Transportation
5.3 Smart Transportation: Architecture
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Rising Urban Population and High Demographic Growth Rate
5.4.1.2 Rising Concern for Environmental Protection Globally
5.4.1.3 Adoption of Connected and Smart Technologies in the Transportation Infrastructure
5.4.1.4 Government Initiatives for Smart Cities and Ppp Working Model
5.4.1.5 Rising Demand of Integrated Security and Safety System for Enhancing Public Safety
5.4.2 Restraints
5.4.2.1 Investments in Legacy Systems Precluding the Roi
5.4.3 Opportunities
5.4.3.1 Rising Adoptions of E-Flexi Payment Systems
5.4.3.2 Analytics-Based Transport Solution Providers
5.4.3.3 Exponential Growth of Mobile Phones
5.4.4 Challenges
5.4.4.1 Integration Complexities Over Legacy Systems and Networks
5.4.4.2 Challenges of Synthesizing Raw Data From Several Touchpoints
5.4.4.3 Challenge of Data Security and Privacy of the Commuters
5.4.4.4 Lack of Proper Network and Ict Infrastructure and Interoperability
5.4.4.5 Unavailability of Uniform Technologies and Standards for Smart Transportation Solutions
5.4.4.6 Low Penetration of Dsrc

6 Smart Transportation Market Analysis, By Transportation Mode
6.1 Introduction
6.2 Market By Transportation Mode
6.2.1 Roadways Market By Region
6.2.2 Railways Market By Region

7 Smart Transportation Market Analysis, By Type
7.1 Introduction
7.2 Smart Transportation Market, By Solution
7.3 Smart Ticketing Solution
7.4 Parking Management Solution
7.4.1 Access Control Solution
7.4.2 Ticketing and Revenue Management Solution
7.4.3 Automated Parking Guidance and Slot Management Solution
7.5 Passenger Information Solution
7.5.1 Multimedia Information and Entertainment Solution
7.5.2 Network Connectivity Solution
7.6 Traffic Management Solution
7.6.1 Smart Signaling Solution
7.6.2 Route Guidance Solution
7.6.3 Toll Collection and Revenue Management Solution
7.6.4 Predictive Traffic Analytics Solution
7.7 Integrated Supervision Solution
7.8 Insurance Telematics Solution
7.9 Smart Transportation Market, By Service
7.1 Consulting Services
7.11 Deployment and Integration Services
7.12 Support and Maintenance Services

8 Geographic Analysis
8.1 Introduction
8.2 North America
8.3 Europe
8.4 Asia-Pacific
8.5 Middle East and Africa
8.6 Latin America

9 Competitive Landscape
9.1 Overview
9.2 Smart Transportation Market: Vendor Analysis
9.3 Smart Transportation Market: Key Growth Strategies, 2013-2017
9.4 Competitive Situations and Trends
9.4.1 Partnerships, Agreements, and Collaborations
9.4.2 New Product Launches
9.4.3 Mergers and Acquisitions
9.4.4 Business Expansions

10 Company Profiles
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View) -
10.1 Introduction
10.2 Alstom SA
10.3 Cisco Systems, Inc.
10.4 Cubic Corporation
10.5 General Electric Company
10.6 International Business Machines Corporation
10.7 Indra Sistemas, S.A.
10.8 Kapsch Trafficcom AG
10.9 LG CNS Co., Ltd.
10.10 Q-Free ASA
10.11 Siemens AG
10.12 Thales Group
10.13 Tomtom International Bv
10.14 WS Atkins PLC

11 Key Innovators
11.1 Advantech Co., Ltd.
11.2 Conduent Incorporated
11.3 Frequentis AG
11.4 Metro Infrasys Pvt. Ltd.
11.5 Moxa Inc.
11.6 OEM Technology Solutions
11.7 ZTE Corporation

12 Appendix
12.1 Other Developments
12.1.1 Agreements, Partnerships, and Collaborations
12.1.2 New Product Launches

List of Tables

Table 1 U.S. Dollar Exchange Rate, 2013-2016
Table 2 Global Smart Transportation Market, By Transportation Mode, 2015-2021 ('000 Units)
Table 3 Global Roadways Market, By Region, 2015-2021 ('000 Units)
Table 4 Global Railways Market, By Region, 2015-2021 ('000 Units)
Table 5 Market Size, By Type, 2014-2021 (USD Million)
Table 6 Market Size, By Solution, 2014-2021 (USD Million)
Table 7 Market Size, By Region, 2014-2021 (USD Million)
Table 8 Smart Ticketing Solution: Market Size, By Region, 2014-2021 (USD Million)
Table 9 Parking Management Solution: Market Size, By Type, 2014-2021 (USD Million)
Table 10 Parking Management Solution: Market Size, By Region, 2014-2021(USD Million)
Table 11 Access Control Solution: Market Size, By Region, 2014-2021 (USD Million)
Table 12 Ticketing and Revenue Management Solution: Market Size, By Region, 2014-2021 (USD Million)
Table 13 Automated Parking Guidance and Slot Management Solution: Market Size, By Region, 2014-2021 (USD Billion)
Table 14 Passenger Information Solution: Market Size, By Type, 2014-2021 (USD Million)
Table 15 Passenger Information Solution: Market Size, By Region, 2014-2021 (USD Million)
Table 16 Multimedia Information and Entertainment Solution: Market Size, By Region, 2014-2021 (USD Million)
Table 17 Network Connectivity Solution: Market Size, By Region, 201-2021 (USD Million)
Table 18 Traffic Management Solution: Market Size, By Type, 2014-2021 (USD Million)
Table 19 Traffic Management Solution: Market Size, By Region, 2014-2021 (USD Million)
Table 20 Smart Signaling Solution: Smart Transportation Market Size, By Region, 2014-2021 (USD Million)
Table 21 Route Guidance Solution: Market Size, By Region, 2014-2021 ( USD Million)
Table 22 Toll Collection and Revenue Management Solution: Market Size, By Region, 2014-2021 (USD Million)
Table 23 Predictive Traffic Analytics Solution: Market Size, By Region, 2014-2021 (USD Million)
Table 24 Integrated Supervision Solution: Market Size, By Region, 2014-2021 (USD Million)
Table 25 Insurance Telematics Solution: Market Size, By Region, 2014-2021 (USD Million)
Table 26 Smart Transportation Market Size, By Service, 2014-2021 (USD Million)
Table 27 Market Size, By Region, 2014-2021 (USD Million)
Table 28 Consulting Services: Market Size, By Region, 2014-2021 (USD Million)
Table 29 Deployment and Integration Services: Market Size, By Region, 2014-2021 (USD Million)
Table 30 Support and Maintenance Services: Market Size, By Region, 2014-2021 (USD Million)
Table 31 Smart Transportation Market Size, By Region, 2014-2021 (USD Million)
Table 32 North America: Market Size, By Type, 2014-2021 (USD Million)
Table 33 North America: Market Size, By Solution, 2014-2021 (USD Million)
Table 34 North America: Market Size, By Parking Management Solution, 2014-2021 (USD Million)
Table 35 North America: Market Size, By Passenger Information Solution, 2014-2021 (USD Million)
Table 36 North America: Market Size, By Traffic Management Solution, 2014-2021 (USD Million)
Table 37 North America: Market Size, By Service, 2014-2021 (USD Million)
Table 38 Europe: Smart Transportation Market Size, By Type, 2014-2021 (USD Million)
Table 39 Europe: Market Size, By Solution, 2014-2021 (USD Million)
Table 40 Europe: Market Size, By Parking Management Solution, 2014-2021 (USD Million)
Table 41 Europe: Market Size, By Passenger Information Solution, 2014-2021 (USD Million)
Table 42 Europe: Market Size, By Traffic Management Solution, 2014-2021 (USD Million)
Table 43 Europe: Market Size, By Service, 2014-2021 (USD Million)
Table 44 Asia-Pacific: Smart Transportation Market Size, By Type, 2014-2021 (USD Million)
Table 45 Asia-Pacific: Market Size, By Solution, 2014-2021 (USD Million)
Table 46 Asia-Pacific: Market Size, By Parking Management Solution, 2014-2021 (USD Million)
Table 47 Asia-Pacific: Market Size, By Passenger Information Solution, 2014-2021 (USD Million)
Table 48 Asia-Pacific: Market Size, By Traffic Management Solution, 2014-2021 (USD Million)
Table 49 Asia-Pacific: Market Size, By Service, 2014-2021 (USD Million)
Table 50 Middle East and Africa: Smart Transportation Market Size, By Type, 2014-2021 (USD Million)
Table 51 Middle East and Africa: Market Size, By Solution, 2014-2021 (USD Million)
Table 52 Middle East and Africa: Market Size, By Parking Management Solution, 2014-2021 (USD Million)
Table 53 Middle East and Africa: Market Size, By Passenger Information Solution, 2014-2021 (USD Million)
Table 54 Middle East and Africa: Market Size, By Traffic Management Solution, 2014-2021 (USD Million)
Table 55 Middle East and Africa: Market Size, By Service, 2014-2021 (USD Million)
Table 56 Latin America: Market Size, By Type, 2014-2021 (USD Million)
Table 57 Latin America: Market Size, By Solution, 2014-2021 (USD Million)
Table 58 Latin America: Market Size, By Parking Management Solution, 2014-2021 (USD Million)
Table 59 Latin America: Market Size, By Passenger Information Solution, 2014-2021 (USD Million)
Table 60 Latin America: Market Size, By Traffic Management Solution, 2014-2021 (USD Million)
Table 61 Latin America: Market Size, By Service, 2014-2021 (USD Million)
Table 62 Partnerships, Agreements, and Collaborations, 2016-2017
Table 63 New Product Launches, 2015-2016
Table 64 Mergers and Acquisitions, 2013-2017
Table 65 Business Expansions, 2014-2016

List of Figures

Figure 1 Global Smart Transportation Market: Market Segmentation
Figure 2 Regional Scope
Figure 3 Research Methodology
Figure 4 Global Smart Transportation Market: Research Design
Figure 5 Data Triangulation
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Europe is Estimated to Hold the Largest Market Share in 2016
Figure 9 Fastest-Growing Segments of the Smart Transportation Market
Figure 10 Emergence of IoT Technology Offers Attractive Market Opportunities
Figure 11 Solutions Segment is Expected to Hold the Largest Market Share During the Forecast Period
Figure 12 Passenger Information Solution is Expected to Hold the Largest Market Share During the Forecast Period
Figure 13 Deployment and Integration Service is Expected to Hold the Largest Market Share During the Forecast Period
Figure 14 Europe is Expected to Hold the Largest Market Share in 2016
Figure 15 The Smart Transportation Market has Immense Opportunities for Growth in Asia-Pacific
Figure 16 Smart Transportation: Architecture Diagram
Figure 17 Market Drivers, Restraints, Opportunities, and Challenges
Figure 18 Region-Wise Snapshot of the Smart Transportation Market, By Volume (2016)
Figure 19 Global Smart Transportation Market, 2016-2021 ('000 Units)
Figure 20 Smart Transportation Solution is Expected to Be the Leading Type in Terms of Market Size During the Forecast Period
Figure 21 Passenger Information Solution is Expected to Hold the Largest Market Share During the Forecast Period
Figure 22 Deployment and Integration is Expected to Lead the Services Segment in 2016
Figure 23 Europe is Expected to Have the Largest Market Size During the Forecast Period
Figure 24 Asia-Pacific: Hotspot for Smart Transportation Market During the Forecast Period
Figure 25 Europe Snapshot
Figure 26 Asia-Pacific Snapshot
Figure 27 Market Business Offerings Analysis
Figure 28 Market Business Strategies Analysis
Figure 29 Companies Adopted Partnerships, Agreements, and Collaborations as Their Key Growth Strategy During the Period of 2013-2017
Figure 30 Market Evaluation Framework
Figure 31 Battle for Market Share: Partnerships, Agreements, and Collaborations is the Key Strategy
Figure 32 Geographic Revenue Mix of Market Players
Figure 33 Alstom SA: Company Snapshot
Figure 34 Alstom SA: SWOT Analysis
Figure 35 Cisco Systems, Inc.: Company Snapshot
Figure 36 Cisco Systems, Inc.: SWOT Analysis
Figure 37 Cubic Corporation: Company Snapshot
Figure 38 Cubic Corporation: SWOT Analysis
Figure 39 General Electric Company: Company Snapshot
Figure 40 General Electric Company: SWOT Analysis
Figure 41 International Business Machines Corporation: Company Snapshot
Figure 42 International Business Machines Corporation: SWOT Analysis
Figure 43 Indra Sistemas, S.A.: Company Snapshot
Figure 44 Indra Sistemas, S.A.: SWOT Analysis
Figure 45 Kapsch Trafficcom AG: Company Snapshot
Figure 46 Kapsch Trafficcom AG: SWOT Analysis
Figure 47 LG CNS Co., Ltd.: Company Snapshot
Figure 48 LG CNS Co., Ltd.: SWOT Analysis
Figure 49 Q-Free ASA: Company Snapshot
Figure 50 Q-Free ASA: SWOT Analysis
Figure 51 Siemens AG: Company Snapshot
Figure 52 Siemens AG: SWOT Analysis
Figure 53 Thales Group: Company Snapshot
Figure 54 Thales Group: SWOT Analysis
Figure 55 Tomtom International BV: Company Snapshot
Figure 56 Tomtom International BV: SWOT Analysis
Figure 57 WS Atkins PLC: Company Snapshot
Figure 58 WS Atkins PLC: SWOT Analysis

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FEATURED COMPANIES

  • Alstom SA
  • Cubic Corporation
  • Indra Sistemas, S.A.
  • LG CNS Co., Ltd.
  • Siemens AG
  • Tomtom International Bv
  • MORE

The smart transportation market size is expected to grow from USD 72.05 Billion in 2016 to USD 220.76 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 25.1% during the period 2016–2021. The major drivers for an upsurge in demand for the market include rising demand of integrated security & safety for enhancing public safety and government initiative to incorporate smart technologies in the existing transportation infrastructure.

This report covers the smart transportation market by solution type, service, and region. The smart ticketing solution is expected to grow at the highest CAGR during the forecast period. Smart ticketing integrates online ticketing, onboard ticketing, smart card ticketing, and mobile application ticketing. Smart ticketing solutions enable the transport agencies to provide better services to their customers and also minimize fund leakage & fare avoidance situations. Smart ticketing provides a great ticket booking flexibility to the travelers and also helps the transit agencies to resolve the issue of ticket booking bottleneck during peak hours. Increasing penetration of mobile devices and demand for digital payment would drive the smart ticketing solution in the smart transportation market.

The deployment and integration services segment is expected to have the largest market share and projected to grow at the highest CAGR during the forecast period. The deployment and integration services segment helps in reducing the deployment and integration time. This service is crucial for developing end-to-end traffic management, ticketing, passenger, and parking management system solutions for the smart transportation market. The increasing requirement for upgrading the existing transport infrastructure to support various smart solutions would drive the deployment and integration services segment in the market.

As per the geographic analysis, Europe is expected to have the largest market share. Europe is expected to benefit from its rapid digitization across verticals. Increasing adoption of smart connected devices and technological advancements, followed by a robust network infrastructure and strong government vision toward smart transportation is expected to drive the continuous growth in the smart transportation market.

Investment in legacy systems precluding the Return of Investment (ROI) is one the restraining factors that affect the growth of the market. The smart transportation vendors profiled in the report include Alstom SA (Levallois-Perret, France), Cisco Systems, Inc. (California, U.S.), Cubic Corporation (California, U.S.), General Electric Company (Massachusetts, U.S), IBM Corporation (New York, U.S.), Indra Sistemas S.A. (Madrid, Spain), Kapsch TrafficCom AG (Vienna, Austria), LG CNS Co. Ltd. (Seoul, South Korea), Q-Free ASA (Trondheim, Norway), Siemens AG (Munich, Germany), Thales Group (La Defense, France), TomTom International B.V. (Amsterdam, Netherlands), and WS Atkins (Epsom, U.K.).

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  • Alstom SA
  • Cisco Systems, Inc.
  • Cubic Corporation
  • General Electric Company
  • Indra Sistemas, S.A.
  • International Business Machines Corporation
  • Kapsch Trafficcom AG
  • LG CNS Co., Ltd.
  • Q-Free ASA
  • Siemens AG
  • Thales Group
  • Tomtom International Bv
  • WS Atkins PLC
Note: Product cover images may vary from those shown
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