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Smart Transportation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 145 Pages
  • July 2022
  • Region: Global
  • IMARC Group
  • ID: 5633176
UP TO OFF until Dec 31st 2022
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.

Smart Transportation Market Trends:

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.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global smart transportation market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on solution, services, transportation mode and application.

Breakup by Solution:

  • Hybrid Ticketing Management System
  • Parking Management and Guidance System
  • Integrated Supervision System
  • Traffic Management System
  • Others

Breakup by Services:

  • Business Services
  • Professional Services
  • Cloud Services

Breakup by Transportation Mode:

  • Roadways
  • Railways
  • Airways
  • Maritime

Breakup by Application:

  • Mobility as a Service
  • Public Transport
  • Transit Hubs
  • Connected Cars
  • Video Management
  • Others

Breakup by Region:

North America

  • United States
  • Canada

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others

Latin America

  • Brazil
  • Mexico
  • Others

Middle East and Africa


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?
Frequently Asked Questions about the Global Smart Transportation Market

What is the estimated value of the Global Smart Transportation Market?

The Global Smart Transportation Market was estimated to be valued at $85 Billion in 2021.

What is the growth rate of the Global Smart Transportation Market?

The growth rate of the Global Smart Transportation Market is 11.8%, with an estimated value of $166.7 Billion by 2027.

What is the forecasted size of the Global Smart Transportation Market?

The Global Smart Transportation Market is estimated to be worth $166.7 Billion by 2027.

Who are the key companies in the Global Smart Transportation Market?

Key companies in the Global Smart Transportation Market include Accenture plc, Alstom SA, Bentley Systems Incorporated, Cisco Systems Inc., Cubic Corporation, General Electric Company, Indra Sistemas S.A., International Business Machines Corporation and Siemens AG.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting 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
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
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
List of Figures
Figure 1: Global: Smart Transportation Market: Major Drivers and Challenges
Figure 2: Global: Smart Transportation Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Smart Transportation Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Smart Transportation Market: Breakup by Solution (in %), 2021
Figure 5: Global: Smart Transportation Market: Breakup by Services (in %), 2021
Figure 6: Global: Smart Transportation Market: Breakup by Transportation Mode (in %), 2021
Figure 7: Global: Smart Transportation Market: Breakup by Application (in %), 2021
Figure 8: Global: Smart Transportation Market: Breakup by Region (in %), 2021
Figure 9: Global: Smart Transportation (Hybrid Ticketing Management System) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Smart Transportation (Hybrid Ticketing Management System) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Smart Transportation (Parking Management and Guidance System) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Smart Transportation (Parking Management and Guidance System) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Smart Transportation (Integrated Supervision System) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Smart Transportation (Integrated Supervision System) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Smart Transportation (Traffic Management System) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Smart Transportation (Traffic Management System) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Smart Transportation (Other Solutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Smart Transportation (Other Solutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Smart Transportation (Cloud Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Smart Transportation (Cloud Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Smart Transportation (Business Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Smart Transportation (Business Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Smart Transportation (Professional Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Smart Transportation (Professional Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Smart Transportation (Roadways) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Smart Transportation (Roadways) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Smart Transportation (Railways) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Smart Transportation (Railways) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Smart Transportation (Airways) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Smart Transportation (Airways) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Smart Transportation (Maritime) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Smart Transportation (Maritime) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Smart Transportation (Mobility as a Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Smart Transportation (Mobility as a Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Smart Transportation (Public Transport) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Smart Transportation (Public Transport) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Smart Transportation (Transit Hubs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Smart Transportation (Transit Hubs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Smart Transportation (Connected Cars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Smart Transportation (Connected Cars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Smart Transportation (Video Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Smart Transportation (Video Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Global: Smart Transportation (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Global: Smart Transportation (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: North America: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: North America: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: United States: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: United States: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Canada: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Canada: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Asia-Pacific: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Asia-Pacific: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: China: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: China: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Japan: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Japan: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: India: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: India: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: South Korea: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: South Korea: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Australia: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Australia: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Indonesia: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Indonesia: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Others: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Others: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Europe: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Europe: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Germany: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Germany: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: France: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: France: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: United Kingdom: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: United Kingdom: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Italy: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Italy: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Spain: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Spain: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Russia: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Russia: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Latin America: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Latin America: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Brazil: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Brazil: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Mexico: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Mexico: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Others: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Others: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Middle East and Africa: Smart Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 92: Middle East and Africa: Smart Transportation Market: Breakup by Country (in %), 2021
Figure 93: Middle East and Africa: Smart Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Global: Smart Transportation Industry: SWOT Analysis
Figure 95: Global: Smart Transportation Industry: Value Chain Analysis
Figure 96: Global: Smart Transportation Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Smart Transportation Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Smart Transportation Market Forecast: Breakup by Solution (in Million US$), 2022-2027
Table 3: Global: Smart Transportation Market Forecast: Breakup by Services (in Million US$), 2022-2027
Table 4: Global: Smart Transportation Market Forecast: Breakup by Transportation Mode (in Million US$), 2022-2027
Table 5: Global: Smart Transportation Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Smart Transportation Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Smart Transportation Market: Competitive Structure
Table 8: Global: Smart Transportation Market: Key Players

Companies Mentioned

  • 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
  • Xerox Corporation.

Methodology

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