Smart Solutions Market for Mass Transit, by Technology, Components, Application, and Region - Global forecast to 2021

  • ID: 4043262
  • Report
  • Region: Global
  • 164 Pages
  • Markets and Markets
1 of 4
The Smart Solutions Market for Mass Transit for Roadways and Railways is Projected to Grow at a CAGR of 8.90%, to Reach USD 44.78 Billion by 2021

FEATURED COMPANIES

  • Efkon AG.
  • Iteris Inc
  • Kapsch Trafficcom
  • Q-Free ASA
  • Siemens AG
  • Swarco AG
  • MORE

Smart Solutions Market for Mass Transit (Roadway & Railway), by Technology (AVLS, TIS, EPS, & Intelligent Vehicle Initiatives), Components (CCTV Camera, GPS, Display, Automated Stop Announcement & Wi-Fi), Application, and Region - Global forecast to 2021

“Increase in urbanization and technological advancement, are expected to fuel the demand in the smart solutions market for mass transit”

Major driving factors for the smart solutions market for mass transit are rapid urbanization, industrialization, and demand for safety, comfort, and convenience, especially in emerging economies. However, some of the key restraints such as slow growth of GDP in developing economies, capital-intensive nature of the project and concerns related to data storage could affect the growth of the smart solutions market for mass transit. The concept of automated vehicle technology will also raise concerns regarding cybersecurity risks, data protection and manipulation, and unauthorized data usage.

“Increase in need for intelligent vehicle initiative and automated vehicle location system will give rise to demand for smart solutions market for mass transit”

The intelligent vehicle initiative system is observed as the fastest growing market, by technology. The growth is observed due the benefits the system offers to the user. The system includes processors, software, warning devices and for guiding the drivers in best possible manner. For instance, the EU developed “Shift2Rail” a public-private program which improves safety and passenger security. The automatic vehicle location system segment is estimated to be the fastest growing market by roadways transportation mode. The growth is observed owing to the advantage it offers such as vehicle tracking.

This helps the transportation authorities to keep a real time check on the transit and provide assistance in case of medical emergency.

“Automatic passenger counter systems are the largest application of the smart solutions market for mass transit”

The automatic passenger counter system accounted for the largest market size in terms of application for both roadways and railways as a transportation mode as this component assists to record precise and accurate passenger data and helps plan transits accordingly. For instance The Tri-County Metropolitan Transportation District of Oregon (U.S.) had implemented automatic passenger counter (APC) systems in public transits.

With the new system, the Federal Transit Administration are able to collect the data automatically and with functional changes have enhanced service quality and had improved efficiency of the transits.

“Asia-Oceania & Europe: Fastest-growing market for smart solutions for mass transit”

The Asia-Oceania and Europe are estimated to dominate the market for roadways and railways, and is projected to grow at the highest CAGR during the forecast period. The Asia-Oceania market is growing because of rising industrialization, urbanization, and government spending in transportation sector.

This growth in the European region can be credited to the improved socio-economic conditions in economies such as the U.K., Germany, and France. The sizeable populations of these countries have resulted in increased requirement of public transport, which in turn resulted in more government projects for transportation infrastructure developments.

Breakdown of Primaries:

The study contains insights provided by various industry experts, ranging from component suppliers to Tier-1 companies and OEMs.

The break-up of the primaries is as follows:

  • By Company Type: Tier-1 - 45 %, Tier-2 - 40%, and Tier 3 - 15%
  • By Designation: C level - 35%, Manager Level - 50%, others - 15%
  • By Region: North America - 15%, Europe - 50%, and Asia-Oceania - 35%

With the advancement in technology and government norms, OEMs are investing heavily in R&D activities to provide better fuel-efficient products. One such new technology is the traffic management and traffic control solutions. This technology offers better efficiency in terms of reduced time and usage of fuel as it helps the driver with the alternate routes avoiding traffic congestion and is anticipated to grow in the near future.

The report provides detailed profiles of the following companies:

  • Thales Group (France)
  • Siemens AG (Germany)
  • Kapsch TrafficCom (Austria)
  • TomTom International (The Netherlands)
  • WS Atkins Plc (U.K.)
  • Q-Free ASA (Norway)
  • Swarco AG (Austria)
  • TransCore LP (U.S.)
  • Iteris Inc. (U.S.)
  • Efkon AG (Austria)

Research Coverage:

  • The report defines, describes, and projects the smart solutions market for mass transit on the basis of applications, components, technology and region
  • It analyzes the opportunities offered by various segments of the market to stakeholder
  • It analyzes the regional markets for growth trends, future prospects, and their contribution to the overall market
  • It also tracks and analyzes competitive developments such as joint ventures, mergers and acquisitions, new product launches, expansions, and other industry activities carried out by key industry participants

Reasons for Buying the Report:

  • The report covers  a detailed analysis of the smart solutions market for mass transit  system in terms of its application, the components required, the adoption of technologies and the penetration of the system in different regions
  • The study provides qualitative and quantitative analysis of each segment which is represented in terms of volume (thousand units) and value (USD Million)
  • The top ten companies which have significant impact on the market are profiled along with their financial stature, recent developments, products offered along with the SWOT analysis
  • The report covers the competitive landscape which reflects the market share analysis or market ranking of the leading players along with the dominant strategy adopted by the major stakeholders to retain their leading position
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Efkon AG.
  • Iteris Inc
  • Kapsch Trafficcom
  • Q-Free ASA
  • Siemens AG
  • Swarco AG
  • MORE
1 Introduction

    1.1 Objectives of the Study

    1.2 Market Definition

    1.3 Market Scope

           1.3.1 Markets Covered

           1.3.2 Years Considered for the Study

    1.4 Currency

    1.5 Limitations

    1.6 Stakeholders

2 Research Methodology

    2.1 Research Data

    2.2 Secondary Data

           2.2.1 Key Secondary Sources

           2.2.2 Key Data From Secondary Sources

    2.3 Primary Data

           2.3.1 Sampling Techniques & Data Collection Methods

           2.3.2 Primary Participants

    2.4 Factor Analysis

           2.4.1 Introduction

           2.4.2 Demand-Side Analysis

                    2.4.2.1 Rising Urbanization Around the Globe

                    2.4.2.2 Increasing Traffic Congestions

                    2.4.2.3 Infrastructure: Rail Network

           2.4.3 Supply-Side Analysis

                    2.4.3.1 Technological Advancements

    2.5 Market Estimation

           2.5.1 Bottom-Up Approach

           2.5.2 Market Breakdown & Data Triangulation

           2.5.3 Assumptions

3 Executive Summary

    3.1 Smart Solutions Market for Mass Transit: Roadways, By Region

    3.2 Market for Mass Transit: Roadways, By Technology

    3.3 Market for Mass Transit: Roadways, By Application

    3.4 Market for Mass Transit: Roadways, By Components

    3.5 Smart Solutions Market for Mass Transit: Railways, By Region

    3.6 Market for Mass Transit: Railways, By Technology

    3.7 Market for Mass Transit: Railways, By Application

    3.8 Market for Mass Transit: Railways, By Components

    3.9 Smart Solutions Market for Mass Transit — Growth Trends

4 Premium Insights

    4.1 Smart Solutions Market for Mass Transit Size, 2016 vs 2021 (USD Billion)

    4.2 Smart Solutions Market for Mass Transit for Roadways & Railways, 2016 (USD Billion)

    4.3 Smart Solutions Market for Mass Transit for Roadways & Railways, By Region, 2016

    4.4 Smart Solutions Market for Mass Transit for Roadways, By Technology, 2016

    4.5 Smart Solutions Market for Mass Transit for Railways, By Technology, 2016

    4.6 Smart Solutions Market for Mass Transit for Roadways & Railways, By Application, 2016

    4.7 Smart Solutions Market for Mass Transit for Roadways, By Components, 2016

    4.8 Smart Solutions Market for Mass Transit for Railways, By Components, 2016

5 Market Overview

    5.1 Introduction

    5.2 Market Segmentation

           5.2.1 Smart Solutions Market for Mass Transit Segmentation

    5.3 Market Dynamics

           5.3.1 Drivers

                    5.3.1.1 Global Trend in Vehicular Emission Reduction to Drive the Demand for Smart Solutions Market for Mass Transit

                    5.3.1.2 Increased Government Funding and Investments for Transportation Infrastructure Development

                    5.3.1.3 Rise in Demand for Safety, Comfort, and Convenience

                    5.3.1.4 Increased Population, Urbanization & Industrialization Will Boost the Demand for Smart Public Transportation

           5.3.2 Restraints

                    5.3.2.1 Concerns Related to Data Storage, Security & Management (Data Commercialization)

                    5.3.2.2 Capital-Intensive Nature of Smart Solutions for Mass Transit System

                    5.3.2.3 Slow GDP Growth Rate in Developing Economies

           5.3.3 Opportunities

                    5.3.3.1 Requirement of Public-Private Partnership (PPPS)

                    5.3.3.2 New Prospects for Data Driven Services and Electric Mobility Solutions (E-Mobility and Mobility on Demand)

                    5.3.3.3 Future Potential for Telecommunication Service Providers (TSP)

           5.3.4 Challenges

                    5.3.4.1 Lack of Interoperability

    5.4 Porter’s Five Forces Analysis

           5.4.1 Threat of New Entrants: Low

           5.4.2 Threat of Substitutes: Medium

           5.4.3 Bargaining Power of Suppliers: Medium

           5.4.4 Bargaining Power of Buyers: Medium

           5.4.5 Intensity of Competitive Rivalry: Medium

6 Smart Solutions Market for Mass Transit, By Components

    6.1 Introduction

    6.2 Hardware Components for Smart Solutions Market for Mass Transit

           6.2.1 Interface Board

           6.2.2 Multifunctional Board

           6.2.3 Vehicle Detection Board

           6.2.4 Communication Board

    6.3 Smart Solutions for Mass Transit Components Market, By Transportation Mode

           6.3.1 Roadways Smart Solutions Market for Mass Transit, By Components

           6.3.2 Railways Smart Solutions Market for Mass Transit, By Components

    6.4 CCTV Cameras Market, By Region & Transportation Mode

           6.4.1 Roadways CCTV Cameras Market, By Region

           6.4.2 Railways CCTV Cameras Market, By Region

    6.5 GPS Devices Market, By Region & Transportation Mode

           6.5.1 Roadways GPS Devices Market, By Region

           6.5.2 Railways GPS Devices Market, By Region

    6.6 Digital Displays Market, By Region & Transportation Mode

           6.6.1 Roadways Digital Displays Market, By Region

           6.6.2 Railways Digital Displays Market, By Region

    6.7 Automated Stop Announcement Systems Market, By Region & Transportation Mode

           6.7.1 Roadways Automated Stop Announcement Systems Market, By Region

           6.7.2 Railways Automated Stop Announcement Systems Market, By Region

    6.8 Wi-Fi Devices Market, By Region & Transportation Mode

           6.8.1 Roadways Wi-Fi Devices Market, By Region

           6.8.2 Railways Wi-Fi Devices Market, By Region

7 Smart Solutions Market for Mass Transit for Roadways, By Software & Services

    7.1 Software

           7.1.1 Introduction

           7.1.2 Visualization Software

           7.1.3 Video Detection and Management Software

           7.1.4 Transit Management System

           7.1.5 Roadways Smart Solutions Market for Mass Transit, By Software

    7.2 Services

           7.2.1 Introduction

           7.2.2 Business and Cloud Services

           7.2.3 Support and Maintenance Services

           7.2.4 Roadways Smart Solutions Market for Mass Transit, By Services

8 Smart Solutions Market for Mass Transit, By Technology

    8.1 Introduction

    8.2 Smart Solutions Market for Mass Transit, By Technology

           8.2.1 Roadways Smart Solutions Market for Mass Transit, By Technology

           8.2.2 Railways Smart Solutions Market for Mass Transit, By Technology

    8.3 Automatic Vehicle Location System Market, By Region & Transportation Mode

           8.3.1 Roadways Automatic Vehicle Location System Market, By Region

           8.3.2 Railways Automatic Vehicle Location System Market, By Region

    8.4 Traveler Information System Market, By Region & Transportation Mode

           8.4.1 Roadways Traveler Information System Market, By Region

           8.4.2 Vehicle to Vehicle (V2V) and Vehicle to Infrastructure (V2I) Communication

           8.4.3 Railways Traveler Information System Market, By Region

    8.5 Electronic Payment System Market, By Region & Transportation Mode

           8.5.1 Roadways Electronic Payment System Market, By Region

           8.5.2 Railways Electronic Payment System Market, By Region

    8.6 Intelligent Vehicle Initiative System Market, By Region & Transportation Mode

           8.6.1 Roadways Intelligent Vehicle Initiative System Market, By Region

           8.6.2 Railways Intelligent Vehicle Initiative System Market, By Region

9 Smart Solutions Market for Mass Transit, By Application

    9.1 Introduction

    9.2 Smart Solutions for Mass Transit Application Market, By Transportation Mode

           9.2.1 Roadways Smart Solutions Market for Mass Transit, By Application

           9.2.2 Railways Smart Solutions Market for Mass Transit, By Application

    9.3 Smart Solutions Market for Mass Transit, By Protocol

    9.4 Traffic Management and Traffic Signal Control System Market, By Region & Transportation Mode

           9.4.1 Roadways Traffic Management and Traffic Signal Control System Market, By Region

    9.5 Smart Ticketing System Market, By Region & Transportation Mode

           9.5.1 Roadways Smart Ticketing System Market, By Region

    9.6 Emergency Vehicle Notification System Market, By Region & Transportation Mode

           9.6.1 Roadways Emergency Vehicle Notification System Market, By Region

           9.6.2 Railways Emergency Vehicle Notification System Market, By Region

    9.7 Automated Passenger Counter System Market, By Region & Transportation Mode

           9.7.1 Roadways Automated Passenger Counter System Market, By Region

           9.7.2 Railways Automated Passenger Counter System Market, By Region

10 Smart Solutions Market for Mass Transit, By Region & Transportation Mode

     10.1 Introduction

     10.2 Smart Solutions Market for Mass Transit, By Transportation Mode

             10.2.1 Roadways Smart Solutions Market for Mass Transit, By Region

             10.2.2 Railways Smart Solutions Market for Mass Transit, By Region

     10.3 North America: Smart Solutions Market for Mass Transit, By Country & Transportation Mode

             10.3.1 North America: Roadways Smart Solutions Market for Mass Transit, By Country

             10.3.2 North America: Railways Smart Solutions Market for Mass Transit, By Country

     10.4 Europe: Smart Solutions Market for Mass Transit, By Country & Transportation Mode

             10.4.1 Europe: Roadways Smart Solutions Market for Mass Transit, By Country

             10.4.2 Europe: Railways Smart Solutions Market for Mass Transit, By Country

     10.5 Asia-Oceania: Smart Solutions Market for Mass Transit, By Country & Transportation Mode

             10.5.1 Asia-Oceania: Roadways Smart Solutions Market for Mass Transit, By Country

             10.5.2 Asia-Oceania: Railways Smart Solutions Market for Mass Transit, By Country

     10.6 Rest of the World (RoW): Smart Solutions Market for Mass Transit, By Country & Transportation Mode

             10.6.1 RoW: Roadways Smart Solutions Market for Mass Transit, By Country

             10.6.2 RoW: Railways Smart Solutions Market for Mass Transit, By Country

11 Competitive Landscape

     11.1 Overview

     11.2 Market Ranking Analysis: Smart Solutions Market for Mass Transit

     11.3 Expansion and Supply Contracts

     11.4 New Product Launch

     11.5 Mergers & Acquisitions

     11.6 Agreements/Partnerships/Joint Venture/Collaboration

12 Company Profile

     12.1 Introduction

     12.2 Thales Group

     12.3 Siemens AG

     12.4 Kapsch Trafficcom

     12.5 Tomtom International BV

     12.6 WS Atkins PLC.

     12.7 Q-Free ASA

     12.8 Swarco AG

     12.9 Transcore, LP

     12.10 Iteris Inc

     12.11 Efkon AG.

List of Tables
Table 1 Porter’s Five Forces Analysis
Table 2 Smart Solutions for Mass Transit Components Market, By Transportation Mode, 2015-2021 (‘000 Units)
Table 3 Smart Solutions for Mass Transit Components Market, By Transportation Mode, 2015-2021 (USD Million)
Table 4 Smart Solutions Market for Mass Transit for Roadways, By Component, 2015-2021 ('000 Units)
Table 5 Market for Mass Transit for Roadways, By Component, 2015-2021 (USD Million)
Table 6 Smart Solutions Market for Mass Transit for Railways, By Component, 2015-2021('000 Units)
Table 7 Market for Mass Transit for Railways, By Component, 2015-2021 (USD Million)
Table 8 Roadways CCTV Camera: Smart Solutions Market for Mass Transit, By Region, 2015-2021 ('000 Units)
Table 9 Roadways CCTV Cameras: Market for Mass Transit, By Region, 2015-2021 (USD Million)
Table 10 Railways CCTV Cameras: Smart Solutions Market for Mass Transit, By Region, 2015-2021 (‘000 Units)
Table 11 Railways CCTV Cameras: Market for Mass Transit, By Region, 2015-2021 (USD Million)
Table 12 Roadways GPS Devices: Smart Solutions Market for Mass Transit, By Region, 2015-2021 (‘000 Units)
Table 13 Roadways GPS Devices: Market for Mass Transit, By Region, 2015-2021 (USD Million)
Table 14 Railways GPS Devices: Smart Solutions Market for Mass Transit, By Region, 2015-2021 (‘000 Units)
Table 15 Railways GPS Devices: Market for Mass Transit, By Region, 2015-2021 (USD Million)
Table 16 Roadways Digital Displays: Smart Solutions Market for Mass Transit, By Region, 2015-2021 (‘000 Units)
Table 17 Roadways Digital Displays: Market for Mass Transit, By Region, 2015-2021 (USD Million)
Table 18 Railways Digital Displays: Smart Solutions Market for Mass Transit, By Region, 2015-2021 (‘000 Units)
Table 19 Railways Digital Displays: Market for Mass Transit, By Region, 2015-2021 (USD Million)
Table 20 Roadways Automated Stop Announcement Systems: Smart Solutions Market for Mass Transit, By Region, 2015-2021 (‘000 Units)
Table 21 Roadways Automated Stop Announcement Systems: Market for Mass Transit, By Region, 2015-2021 (USD Million)
Table 22 Railways Automated Stop Announcement Systems: Smart Solutions Market for Mass Transit, By Region, 2015-2021 (‘000 Units)
Table 23 Railways Automated Stop Announcement Systems: Market for Mass Transit, By Region, 2015-2021 (USD Million)
Table 24 Roadways Wi-Fi Devices: Smart Solutions Market for Mass Transit, By Region, 2015-2021 (‘000 Units)
Table 25 Roadways Wi-Fi Devices: Market for Mass Transit, By Region, 2015-2021 (USD Million)
Table 26 Railways Wi-Fi Devices: Smart Solutions Market for Mass Transit, By Region, 2015-2021 (‘000 Units)
Table 27 Railways Wi-Fi Devices: Market for Mass Transit, By Region, 2015-2021 (USD Million)
Table 28 Roadways Smart Solutions Market for Mass Transit, By Software, 2015-2021 (USD Million)
Table 29 Roadways Smart Solutions Market for Mass Transit, By Services, 2015-2021 (USD Million)
Table 30 Roadways Smart Solutions Market for Mass Transit, By Technology, 2015-2021 (USD Million)
Table 31 Global Railways Smart Solutions Market for Mass Transit, By Technology, 2015-2021 (USD Million)
Table 32 Roadways Automatic Vehicle Location System Market, By Region, 2015-2021 (USD Million)
Table 33 Railways Automatic Vehicle Location System Market, By Region, 2015-2021 (USD Million)
Table 34 Roadways Traveler Information System Market, By Region, 2015-2021 (USD Million)
Table 35 Railways Traveler Information System Market, By Region, 2015-2021 (USD Million)
Table 36 Roadways Electronic Payment System Market, By Region, 2015-2021 (USD Million)
Table 37 Railways Electronic Payment System Market, By Region, 2015-2021 (USD Million)
Table 38 Roadways Intelligent Vehicle Initiative System Market, By Region, 2015-2021 (USD Million)
Table 39 Railways Intelligent Vehicle Initiative System Market, By Region, 2015-2021 (USD Million)
Table 40 Smart Solutions for Mass Transit Applications Market, By Transportation Mode, 2015-2021 (‘000 Million)
Table 41 Smart Solutions Market for Mass Transit, By Application & Transportation Mode, 2015-2021 (USD Million)
Table 42 Roadways Smart Solutions Market for Mass Transit, By Application, 2015-2021 (‘000 Units)
Table 43 Roadways Smart Solutions Market for Mass Transit, By Application, 2015-2021 (USD Million)
Table 44 Railways Smart Solutions Market for Mass Transit, By Application, 2015-2021 (‘000 Units)
Table 45 Railways Smart Solutions Market for Mass Transit, By Application, 2015-2021 (USD Million)
Table 46 Roadways Traffic Management and Traffic Control System: Smart Solutions Market for Mass Transit, By Region, 2015-2021 (‘000 Units)
Table 47 Roadways Traffic Management and Traffic Control System: Market for Mass Transit, By Region, 2015-2021 (USD Million)
Table 48 Roadways Smart Ticketing System: Smart Solutions Market for Mass Transit, By Region, 2015-2021 (‘000 Units)
Table 49 Roadways Smart Ticketing System: Market for Mass Transit, By Region, 2015-2021 (USD Million)
Table 50 Roadways Emergency Vehicle Notification System: Smart Solutions Market for Mass Transit, By Region, 2015-2021 (‘000 Units)
Table 51 Roadways Emergency Vehicle Notification System:Market for Mass Transit, By Region, 2015-2021 (USD Million)
Table 52 Railway Emergency Vehicle Notification System: Smart Solutions Market for Mass Transit, By Region, 2015-2021 (‘000 Units)
Table 53 Railways Emergency Vehicle Notification System: Market for Mass Transit, By Region, 2015-2021 (USD Million)
Table 54 Roadways Automated Passenger Counter System: Smart Solutions Market for Mass Transit, By Region, 2015-2021 (‘000 Units)
Table 55 Roadways Automated Passenger Counter System: Market for Mass Transit, By Region, 2015-2021 (USD Million)
Table 56 Railways Automated Passenger Counter System: Smart Solutions Market for Mass Transit, By Region, 2015-2021 (‘000 Units)
Table 57 Roadways Automated Passenger Counter System: Market for Mass Transit, By Region, 2015-2021 (USD Million)
Table 58 Smart Solutions Market for Mass Transit, By Transportation Mode, 2015-2021 (USD Million)
Table 59 Roadways Smart Solutions Market for Mass Transit, By Region, 2015-2021 (USD Million)
Table 60 Railways Smart Solutions Market for Mass Transit, By Region, 2015-2021 (USD Million)
Table 61 North America: Smart Solutions Market for Mass Transit for Roadways, By Country, 2015-2021 (USD Million)
Table 62 North America: Market for Mass Transit for Railways, By Country, 2015-2021 (USD Million)
Table 63 Europe: Smart Solutions Market for Mass Transit for Roadways, By Country, 2015-2021 (USD Million)
Table 64 Europe: Market for Mass Transit for Railways, By Country, 2015-2021 (USD Million)
Table 65 Asia-Oceania: Smart Solutions Market for Mass Transit for Roadways, By Country, 2015-2021 (USD Million)
Table 66 Asia-Oceania: Market for Mass Transit for Railways, By Country, 2015-2021 (USD Million)
Table 67 RoW: Smart Solutions Market for Mass Transit for Roadways, By Country, 2015-2021 (USD Million)
Table 68 RoW: Market for Mass Transit for Railways, By Country, 2015-2021 (USD Million)
Table 69 Smart Solutions Market for Mass Transit Ranking: 2015
Table 70 Expansion and Supply Contracts, 2016
Table 71 New Product Launches, 2015-2016
Table 72 Mergers & Acquisitions, 2014-2016
Table 73 Agreements/Partnerships/Joint Venture/Collaboration, 2011-2016

List of Figures
Figure 1 Ecosystem of Smart Transportation System
Figure 2 Smart Solutions Market for Mass Transit Segmentation
Figure 3 Geographic Scope Of: Smart Solutions Market for Mass Transit
Figure 4 Smart Solutions Market for Mass Transit: Research Design
Figure 5 Research Design Model
Figure 6 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 7 Urban Population, 2005 vs 2015
Figure 8 Traffic Congestion Rate, 2016
Figure 9 Rail Network, 2015
Figure 10 Market Size Estimation Methodology: Bottom-Up Approach
Figure 11 Data Triangulation
Figure 12 The North America is Estimated to Hold the Largest Market Size, 2016-2021 (USD Million)
Figure 13 Automatic Vehicle Location System is Estimated to Be the Highest Growing Market, 2016-2021 (USD Million)
Figure 14 Automated Passenger Counter System is Estimated to Hold the Largest Market Size, 2016-2021 (USD Million)
Figure 15 GPS Devices is Estimated to Be Fastest Growing Market, 2016-2021 (USD Million)
Figure 16 Europe Smart Solutions for Mass Transit is Projected to Hold the Largest Market Size, 2016-2021 (USD Million)
Figure 17 Traveler Information System is Estimated to Hold the Largest Market Size, 2016-2021 (USD Million)
Figure 18 Emergency Vehicle Location System is Estimated to Be Fastest Growing Market, 2016-2021 (USD Million)
Figure 19 Wi-Fi Devices is Estimated to Be Fastest Growing Market, 2016-2021 (USD Million)
Figure 20 U.K. & China are Projected to Be the Fastest Growing Market During the Forecast Period, 2016-2021
Figure 21 Attractive Market Opportunities for Smart Solutions for Mass Transit System
Figure 22 Roadways to Constitute Majority of Share in the Global Smart Solutions Market for Mass Transit, 2016 (USD Billion)
Figure 23 Europe Leads the Market for Railway Smart Solutions for Mass Transit System, 2016 (USD Billion)
Figure 24 Electronic Payment System Dominates the Roadways Smart Solutions Market for Mass Transit, 2016
Figure 25 Traveler Information System Dominates the Railways Smart Solutions Market for Mass Transit, 2016
Figure 26 With the Growing Traffic Congestion, the Demand for Traffic Management and Traffic Signal Control System is Estimated to Rise, 2016)
Figure 27 Automated Stop Announcement System to Constitute Major Share for Roadways Smart Solutions Market for Mass Transit, 2016
Figure 28 Automated Stop Announcement System to Constitute Majority Share for Railway Smart Solutions Market for Mass Transit 2016
Figure 29 Growing Urban Population and Demand of Optimized Traffic Management Systems Estimated to Raise the Demand for Smart Solutions Market for Mass Transit
Figure 30 Emission Limits: Europe vs the U.S.
Figure 31 Transportation Infrastructure Spending By Key Countries, 2015 (USD Billion)
Figure 32 Urban Population in Emerging Economies
Figure 33 Porter’s Five Forces Analysis (2016): Presence of Global Players Increase the Degree of Competition
Figure 34 Presence of Well-Established Players & High Entry Barriers Have the Highest Impact on Market Entrants
Figure 35 Availability of Substitutes & Technological Advancements Influence the Threat of Substitutes
Figure 36 Low Supplier Concentration & Product Differentiation Keeps the Bargaining Power of Suppliers in Check
Figure 37 High Degree of Independence Increases Bargaining Power of Buyers
Figure 38 Well Established Players & Long Term Contracts Limits the Competition
Figure 39 Smart Solutions for Mass Transit System Market for Roadways and Railways
Figure 40 Component Penetration for Roadways and Railways, 2016
Figure 41 Roadways Electronic Payment System Holds the Largest Market Share in the Smart Solutions for Mass Transit System
Figure 42 Traveler Information System & Electronic Payment System are Expected to Dominate the Technology Market Share in Smart Solutions for Mass Transit Share for Railways
Figure 43 Railways to Hold the Largest Market for Smart Solutions Market for Mass Transit, 2016-2021 (USD Million)
Figure 44 Traffic Management and Traffic Signal Control System to Drive the Market for Smart Solutions for Mass Transit System for Roadways, 2016-2021 (USD Million)
Figure 45 Region-Wise Snapshot of the Roadways Smart Solutions Market for Mass Transit, By Volume (2016): North America Accounts for the Largest Market Share.
Figure 46 Railways Smart Solutions Market for Mass Transit: Europe is Estimated to Have the Largest Market Share, 2016
Figure 47 Smart Solutions Market for Mass Transit for Roadways & Railways, 2016-2021 (USD Million)
Figure 48 North America: U.S. is Leading Market in the Smart Solutions for Mass Transit System
Figure 49 Germany Contributes the Highest in Smart Solutions for Mass Transit System Market in Europe
Figure 50 Companies Adopted Supply Contracts as A Key Growth Strategy From 2014 to 2016
Figure 51 Market Evaluation Framework: Agreements/Partnerships/Supply Contracts/Joint Ventures Fuelled Market Growth From 2012 to 2016
Figure 52 Battle for Market Share: Agreements/Partnerships/Supply Contracts/Joint Ventures Was the Key Strategy
Figure 53 Thales Group: Company Snapshot
Figure 54 Thales Group: SWOT Analysis
Figure 55 Siemens AG: Company Snapshot
Figure 56 Siemens AG: SWOT Analysis
Figure 57 Kapsch Trafficcom: Company Snapshot
Figure 58 Kapsch Trafficcom: SWOT Analysis
Figure 59 Tomtom International BV: Company Snapshot
Figure 60 Tomtom International: SWOT Analysis
Figure 61 WS Atkins PLC.: Company Snapshot
Figure 62 WS Atkins PLC: SWOT Analysis
Figure 63 Q-Free ASA: Company Snapshot
Figure 64 Iteris Inc: Company Snapshot
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4

FEATURED COMPANIES

  • Efkon AG.
  • Iteris Inc
  • Kapsch Trafficcom
  • Q-Free ASA
  • Siemens AG
  • Swarco AG
  • MORE

The smart solutions market for mass transit is projected to grow at a CAGR of 8.90% during the forecast period, to reach a market size of USD 44.78 Billion by 2021. A wide array of upcoming railway projects, increased urbanization, and the growing need of public transport has led to the increase in demand for smart transportation solutions and its related components, software and services.

Additionally technological advancements, such as the implementation of automatic vehicle location systems, traveler information systems, and electronic payment systems have led the demand for smart solutions market for mass transit solutions. These advancements helps to improve the fuel economy, lower emission levels, reduce traffic congestion that increase traveler convenience.

In this report, the global market for mass transit is broadly segmented based on its use into roadways and railways. Region-wise, Asia-Oceania and Europe are estimated to dominate the market for roadways and railways. The Asia-Oceania market is growing due to rising industrialization, urbanization, and government spending on the transportation sector. The growth of the European market can be credited to the improved socio-economic conditions in economies such as Germany, the U.K., and France.

Due to increasing need for surveillance and vehicle tracking, there has been an increased in the use of Wi-Fi devices, in public transits (both roadways and railways) which is driving the demand for smart solutions in mass transit.

The market for smart ticketing systems is expected to grow for both roadways and railways. This growth is owing to the advantages offered in terms of efficiency, and reliability. These services make the travel experience better as well as reduce losses which leads to better performance.

The automated vehicle location system is estimated to be the fastest growing market in the roadways transportation segment. This growth is owing to the advantages AVLS offers such as vehicle tracking. This helps the transportation agency to keep a real time check on its fleet and provide assistance in case of medical emergency.

Key factors restraining the growth of the smart solutions market for mass transit includes the data storage concerns, security and management, the high cost of components and its complex nature, and slow GDP growth rate of developing countries. The necessity of providing real time information with the help of all these technologies and components means these systems are vulnerable to cyber attacks. This would have a negative impact on the SPT market.

The smart solutions market for mass transit is dominated by a few global players such as Thales Group (France), Siemens AG (Germany), Kapsch TrafficCom (Austria), TomTom International (The Netherlands), WS Atkins Plc. (U.K.), Q-Free ASA (Norway), Swarco AG (Austria), TransCore LP (U.S.), Iteris Inc. (U.S.), and Efkon AG (Austria).

The Thales Group has a strong product offering and invested heavily in R&D to retain its position in the market. The company has also adopted new product development and supply contracts as key strategies while Siemens AG has followed the strategies of new product development and mergers & acquisitions to emerge as a prominent player in the market.

Note: Product cover images may vary from those shown
5 of 4
  • Efkon AG.
  • Iteris Inc
  • Kapsch Trafficcom
  • Q-Free ASA
  • Siemens AG
  • Swarco AG
  • Thales Group
  • Tomtom International BV
  • Transcore, LP
  • WS Atkins PLC.
Note: Product cover images may vary from those shown
6 of 4
Note: Product cover images may vary from those shown
Adroll
adroll