Smart Transportation Market

Report Code TC 2365
Published in Jan, 2025, By MarketsandMarkets™
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Smart Transportation Market by Transportation Mode (Roadways, Railways, Airways, and Maritime), and End User (Government and Commercial Organizations) - Global Forecast to 2029

 

Overview

The smart transportation market is projected to grow from USD 129.72 billion in 2024 to USD 276.65 billion by 2029 at a compound annual growth rate (CAGR) of 16.4% from 2024 to 2029. Smart transportation leverages cutting-edge technologies such as artificial intelligence (AI), data analytics, sensors, and communication networks to revolutionize how people and goods move, aiming for greater efficiency, safety, and sustainability. It spans four significant segments: roadways, railways, airways, and maritime. In roadways, innovations like autonomous vehicles (AVs) and intelligent traffic systems are reducing congestion and optimizing urban mobility, as demonstrated by Waymo’s autonomous taxis in US cities. Railways are adopting predictive maintenance, automated signaling, and smart ticketing to enhance operational efficiency and passenger experience. Airways are experiencing a transformative shift with the advent of customer-centric ease-of-access solutions related to smart ticketing, airway passenger information systems, security solutions, etc., which make air travel hassle-free. Similarly, maritime systems employ smart solutions to streamline port operations and optimize vessel routing, as seen in the Port of Rotterdam’s advanced traffic management systems. These advancements cater to two primary end users: governments and commercial organizations. Governments invest heavily in smart infrastructure and regulatory frameworks to enhance public transport and reduce congestion. At the same time, commercial entities develop and deploy innovative solutions for efficient and profitable operations, such as autonomous fleets, smart rail systems, and drone logistics.

The impact of these technologies is profound, addressing key challenges such as urban congestion, pollution, and rising demand for faster, greener travel. Autonomous vehicles and AI-driven traffic systems significantly reduce accidents, optimize energy consumption, and cut emissions. Smart railways and urban air mobility solutions enhance connectivity and reduce travel time, aligning with sustainability goals. Maritime innovations improve global trade efficiency while minimizing environmental footprints. This collaborative effort between the public and private sectors is reshaping transportation systems globally, making them smarter, more connected, and sustainable, thus fostering economic growth and improving the quality of life for millions.

Smart Transportation Market

Attractive Opportunities in the Smart Transportation Market

ASIA PACIFIC

Government initiatives, smart city projects, and investments in sustainable transport drive the Smart Transportation Market in Asia Pacific.

The Asia Pacific region is witnessing rapid growth in the smart transportation market due to the adoption of intelligent mobility systems, smart city projects, and significant investments in public transportation upgrades in countries like China, India, and Japan.

Innovations in product development, strategic partnerships, mergers and acquisitions, and geographic expansions are likely to be the key growth strategies adopted by players in the smart transportation market.

The growth of this market can be attributed to increasing urbanization, rising demand for efficient transportation solutions, and advancements in digital technologies.

The Asia-Pacific Smart Transportation market is expected to be worth USD 69.50 billion by 2029, growing at CAGR of 18.8% during the forecast period.

Impact of AI on Smart Transportation Market

Generative AI (Gen AI) and artificial intelligence significantly transform the smart transportation sector by improving efficiency, safety, and user experiences. Essentially, Gen AI encompasses systems that can create new data or content by recognizing patterns in existing information. It can enhance traffic patterns, forecast vehicle routes, and respond to changing transportation situations within the transportation realm. Conventional AI encompasses machine learning, computer vision, and data analysis and is extensively employed in smart transportation solutions. It supports self-driving cars, processes traffic data to alleviate congestion, and aids in predicting maintenance needs for vehicle fleets. For instance, AI systems can adapt traffic signals in real-time to lessen congestion, and predictive maintenance tools can estimate when vehicles require servicing, minimizing downtime.

The influence of AI on intelligent transportation systems is considerable. Like those created by Tesla, self-driving cars utilize AI to traverse roadways, identify barriers, and autonomously make decisions. Moreover, the AI-driven route optimization employed by Uber shortens travel durations, lowers fuel usage, and enhances efficiency within ride-hailing services. The impact of AI is evident in city transportation networks, where AI-driven solutions are progressively employed to oversee public transit, improve the safety of autonomous vehicles, and evaluate traffic data to modify signals in real time. Incorporating AI and Gen AI into transportation systems is assisting cities in improving their intelligence, providing quicker, safer, and more eco-friendly mobility options for individuals and companies.

Smart Transportation Market Impact

Global Smart Transportation Market Dynamics

Driver: Increasing demand for autonomous and connected vehicles

The increasing demand for autonomous vehicles is a key driver of the smart transportation market, fueled by technological advancements and shifting consumer preferences. As urban populations grow, the need for efficient, safe, and sustainable transportation solutions becomes more pressing. Autonomous vehicles, powered by advanced sensors and artificial intelligence, promise to optimize traffic flow, reduce congestion, and enhance safety by minimizing human error. Cities are investing in smart infrastructure to integrate autonomous vehicles into existing transport systems, aligning with sustainability goals by reducing carbon emissions through electric self-driving vehicles. The rise of Mobility-as-a-Service (MaaS) platforms further accelerates this shift, providing seamless access to various transport modes, including autonomous options. Public-private partnerships are also emerging to pilot autonomous vehicle programs, demonstrating their practical benefits in real-world scenarios while evolving regulations pave the way for continued market growth.

For example, Waymo leads autonomous vehicle deployment with pilot programs in cities like Phoenix, Arizona, offering autonomous rides in electric minivans. Uber's ATG division tests autonomous ride-hailing services to reduce congestion and environmental impact. At the same time, Tesla’s Full Self-Driving technology showcases the potential for autonomous cars to navigate highways with minimal human involvement. These instances highlight how autonomous vehicles are becoming integral to the future of urban transportation, addressing challenges posed by urbanization and sustainability concerns.

Restraint: Lack of standardized and uniform technology

Smart transportation systems comprise various elements, such as different technologies, hardware, and software that multiple vendors offer. This leads to a lack of standardization and uniformity in the solutions, leading to compatibility issues. Moreover, countries and regions have different communication and network standards and protocols that limit vendors from offering solutions globally. For instance, rules are uneven or sometimes wholly absent in collecting and analyzing data traffic in the European region. Hence, a standard protocol for communication and workflow for traffic management systems is necessary to enable the global adoption of traffic management solutions. Thus, the lack of globally binding mandates, procedures, and specifications for deploying traffic management solutions restrains market growth. National mandates, procedures, and specifications for smart transportation systems can limit the adoption of smart transportation solutions. This points to the need for a standard protocol for workflow and communication in smart transportation solutions to enable global adoption.

For example, in China, different regions have varying standards for data sharing and traffic management protocols, making it challenging to implement standardized smart transportation solutions nationwide. Similarly, in Europe, the General Data Protection Regulation (GDPR) imposes strict limitations on the collection and use of transportation data, affecting the integration of cross-border transportation technologies.

 

Opportunity: Urban transit being revolutionized by smart city initiatives

Smart city initiatives provide excellent opportunities for the smart transportation systems market by using new technologies to improve urban mobility and enhance infrastructure. Due to traffic jams, pollution, and ineffective public transport systems, commuters and governments worldwide consistently embrace smart city solutions. These efforts focus on utilizing IoT sensors, AI-based traffic control systems, and connected vehicles to enhance transportation networks. Furthermore, investment in infrastructure designed especially for electric vehicles, automated transit alternatives, and shared mobility services support sustainability goals. Urban planners are working with key technology providers and Mobility as a Service (MaaS) companies to innovate solutions that improve safety and the commuter experience. For instance, projects such as Singapore’s Smart Mobility 2030 and Barcelona’s Smart City Program demonstrate the increasing need for cohesive transportation systems. These advancements offer profitable prospects for technology suppliers, service integrators, and policymakers to transform urban mobility systems.

Challenge: High initial cost of deployment

The upfront expense of implementing smart transportation systems is considerable. Establishing field-level devices, updating old infrastructure, creating transmission networks for end users, and overseeing new and existing systems within the premises necessitate substantial initial investments. Elevated operational and maintenance expenses after deployment are also significant for railway officials. Furthermore, constrained budgets for railways serve as a limiting factor in implementing advanced railway technologies and solutions by both public authorities and private entities. Consequently, the substantial upfront expense of introducing smart transportation technologies and elements will likely impede market expansion soon.

For instance, HS2, a key high-speed rail initiative in the UK, has encountered issues regarding its substantial capital costs, encompassing spending on advanced rail technologies like automated signaling systems and predictive maintenance equipment. Likewise, the Indian Railways is focused on upgrading its infrastructure, such as introducing smart signaling and train tracking systems, yet faces financial restrictions that hinder the rapid rollout of these advanced technologies throughout the network.

Global Smart Transportation Market Ecosystem Analysis

The smart transportation ecosystem comprises various technology solutions and service providers along with various regulatory bodies. These companies have been operating in the market for several years and possess a diversified product portfolio and state-of-the-art technologies. Prominent companies in this market include Thales Group (France), Huawei (China), Siemens (Germany), Cisco (US), DNV (Norway), Cubic (US), Alstom (France), Toshiba (Japan), Veson Nautical (US), NEC Corporation (Japan), Bentley Systems (US), Indra (Spain), Trimble (US), TomTom (Netherlands), Conduent (US), Kapsch (Austria), Hitachi (Japan), and Descartes (Canada).

Top Companies in Smart Transportation Market
 

By maritime segment, maritime traffic management solutions are expected to have the largest market size during the forecast period.

Maritime traffic management solutions denote technologies and systems that oversee, regulate, and enhance naval activities, encompassing ship movements, port administration, and safety protocols. These solutions are vital for handling the increasing amount of international maritime commerce and guaranteeing the efficient functioning of ports and shipping routes.

The maritime sector is facing a growing need for sophisticated traffic management systems amid escalating global trade and port overcrowding. These solutions incorporate real-time data, such as vessel tracking, weather updates, and port activities, to facilitate improved decision-making and operational effectiveness. They additionally improve safety by lowering the chances of accidents, aiding navigation, and decreasing environmental effects.

Moreover, technologies such as Automatic Identification Systems (AIS), radar, and satellite-driven systems are crucial in managing maritime traffic. For example, the Port of Rotterdam employs sophisticated traffic management systems integrating radar, GPS, and AIS to enhance vessel movement and minimize congestion. Likewise, the European Space Agency (ESA) has established satellite tracking systems to oversee vessel movements and enhance the effectiveness of marine operations throughout Europe. These instances illustrate the increasing dependence on intelligent systems to manage maritime traffic, guaranteeing safer and more effective navigation as international shipping levels increase.

By airways segment, airport security solutions are expected to hold a higher growth rate during the forecast period.

Airport security measures include various technologies and methods to guarantee the safety and security of airports, travelers, and aviation facilities. These options include sophisticated screening systems, monitoring devices, biometric identification, and threat detection technologies designed to avert possible security risks and guarantee seamless airport operations.

The growing passenger volume and global security issues have fueled the need for enhanced airport security measures. These systems are created to identify and reduce multiple threats, including explosives and cyberattacks, all while guaranteeing minimal disturbance to travelers. They incorporate facial recognition, X-ray machines, and body scanners to enhance security screenings and boost efficiency.

For instance, London Heathrow Airport has adopted biometric facial recognition technology to streamline passenger screening and boost security, minimizing wait times and increasing traveler ease. Likewise, Singapore's Changi Airport employs sophisticated screening and monitoring systems to uphold high protection while facilitating seamless airport operations. These systems enable airports to manage rising passenger numbers safely while guaranteeing an enjoyable travel experience. With the increase in passenger traffic, the need for these security solutions is anticipated to grow, broadening the market.

By region the Asia Pacific market is projected to witness the highest growth rate during the forecast period.

The smart transportation market in the Asia-Pacific region is witnessing the fastest growth rate, fueled by swift urbanization, technological progress, and expanding government efforts to enhance transportation infrastructure. The region's substantial population, rising middle class, and increasing economic activities are crucial to this growth.

In nations such as China, India, and Japan, intelligent transportation technologies like self-driving cars, electric transportation, and sophisticated traffic management systems are becoming increasingly popular. Governments are significantly investing in upgrading infrastructure, advancing clean energy initiatives, and tackling urban congestion challenges. For instance, China's intelligent transportation sector is experiencing swift growth, featuring projects such as the creation of smart cities and the rollout of self-driving buses and taxis. India is investing in smart traffic management systems to tackle the mobility challenges of its increasing urban population.

The need for electric vehicles (EVs) and associated infrastructure, like charging stations, is also increasing in the Asia Pacific region. The emergence of Mobility-as-a-Service (MaaS) platforms and advancements in urban air mobility (UAM) enhance the market. The region’s regulatory backing and increasing investments from private and public sectors are anticipated to sustain this significant growth trend in the years ahead. Consequently, Asia Pacific is set to dominate the market as nations in the region swiftly embrace and incorporate intelligent transportation solutions into their infrastructures.

HIGHEST CAGR MARKET IN 2024
INDIA, FASTEST GROWING MARKET IN THE REGION
Smart Transportation Market by region

Recent Developments of Smart Transportation Market

  • In December 2024, Thales was selected by Avinor to deploy Norway's next-generation nationwide air traffic management system, enhancing safety and efficiency in the country's airspace operations. This initiative aims to modernize air traffic services across Norway.
  • In October 2024, Talaat Moustafa Group partnered with Huawei to develop a smart city in Madinaty City, utilizing Huawei’s advanced technologies for smart applications in transportation, water management, and security, enhancing urban living.
  • In October 2024, Cubic delivered a smart ticketing solution for Tasmania's public transport network. This initiative will modernize fare collection and improve the overall efficiency of public transport services across the state.
  • In September 2024, Siemens Mobility signed a major framework contract with Beacon for the purchase of Vectron locomotives, reinforcing their collaboration in enhancing rail transport capabilities across Europe.

Key Market Players

List of Top Smart Transportation Market Companies

The Smart Transportation Market is dominated by a few major players that have a wide regional presence. The major players in the Smart Transportation Market are

  • Thales Group (France)
  • Huawei (China)
  • Siemens (Germany)
  • Cisco (US)
  • DNV (Norway)
  • Cubic (US)
  • Alstom (France)
  • Toshiba (Japan)
  • Veson Nautical (US)
  • NEC Corporation (Japan)
  • Bentley Systems (US)
  • Indra (Spain)
  • Trimble (US)
  • TomTom (Netherlands)
  • Conduent (US
  • Kapsch (Austria)
  • Hitachi (Japan)
  • Descartes (Canada)

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Scope of the Report

Report Attribute Details
Market size available for years 2019-2029
Base year considered 2023
Forecast period 2024–2029
Forecast units Value (USD) Million/Billion
Segments Covered By Transportation Mode, End User, and Region
Regions covered North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

 

Key Questions Addressed by the Report

What is the definition of the smart transportation market?
Smart transportation refers to an advanced transportation system that integrates technology, data, and innovation to improve the efficiency, safety, accessibility, and sustainability of all modes of transport, such as roadways, railways, maritime, and airways. involves to an Information and Communication Technology (ICT) driven framework designed to optimize the efficiency, safety, and sustainability of transportation systems across all modes, such as road, rail, air, water, and urban transit. It integrates advanced technologies such as IoT, AI, cloud computing, big data analytics, and intelligent communication networks to enhance the movement of people and goods through data-driven decision-making and automation.
With the advancement of disruptive technologies, such as artificial intelligence (AI)/machine learning (ML), Internet of Things (IoT), and big data and analytics, smart transportation aims to provide innovative services related to different modes of transportation and traffic management, enabling users to be better informed and make safer and smarter use of transportation networks.
What is the market size of the smart transportation market?
The Smart Transportation market is projected to grow from USD 129.72 billion in 2024 to USD 276.65 billion by 2029 at a compound annual growth rate (CAGR) of 16.4% from 2024 to 2029.
What are the major drivers in the smart transportation market?
The major drivers in the smart transportation market are the Increasing demand for Autonomous and Connected Vehicles, Technological advancements to enhance customer experience, Growing government initiatives and Public Private Partnership models for smart transportation, the Rising urban population, and high demographic rates.
Who are the key players operating in the smart transportation market?
The key players profiled in the smart transportation market include Thales Group (France), Huawei (China), Siemens (Germany), Cisco (US), DNV (Norway), Cubic (US), Alstom (France), Toshiba (Japan), Veson Nautical (US), NEC Corporation (Japan), Bentley Systems (US), Indra (Spain), Trimble (US), TomTom (Netherlands), Conduent (US), Kapsch (Austria), Hitachi (Japan), and Descartes (Canada).
What are the key technology trends in the smart transportation market?
The key technology trends include intelligent traffic management systems, innovative ticketing solutions, passenger information systems, vehicle-to-everything (V2X) communication, Internet of Things (IoT) integration, artificial intelligence (AI) and machine learning, blockchain for secure transactions, geographic information systems (GIS), and advanced data analytics.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
1
  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
    INCLUSIONS AND EXCLUSIONS
  • 1.3 MARKET SCOPE
    MARKET SEGMENTATION
    REGIONS COVERED
    YEARS CONSIDERED
  • 1.4 CURRENCY CONSIDERED
  • 1.5 STAKEHOLDERS
  • 1.6 SUMMARY OF CHANGES
RESEARCH METHODOLOGY
2
  • 2.1 RESEARCH DATA
    SECONDARY DATA
    PRIMARY DATA
    - BREAKUP OF PRIMARY PROFILES
    - KEY INDUSTRY INSIGHTS
  • 2.2 MARKET BREAKUP AND DATA TRIANGULATION
  • 2.3 MARKET SIZE ESTIMATION
    TOP-DOWN APPROACH
    BOTTOM-UP APPROACH
  • 2.4 MARKET FORECAST
  • 2.5 ASSUMPTIONS FOR THE STUDY
  • 2.6 LIMITATIONS OF THE STUDY
EXECUTIVE SUMMARY
3
PREMIUM INSIGHTS
4
  • 4.1 ATTRACTIVE OPPORTUNITIES IN THE GLOBAL SMART TRANSPORTATION MARKET
  • 4.2 SMART TRANSPORTATION MARKET, BY TRANSPORTATION MODE
  • 4.3 SMART TRANSPORTATION MARKET, BY END-USER
  • 4.4 NORTH AMERICA: SMART TRANSPORTATION MARKET, BY TOP KEY TRANSPORTATION MODE AND END-USER
  • 4.5 EUROPE: SMART TRANSPORTATION MARKET, BY TOP KEY TRANSPORTATION MODE AND END-USER
MARKET OVERVIEW
5
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    RESTRAINTS
    OPPORTUNITIES
    CHALLENGES
  • 5.3 SMART TRANSPORTATION: EVOLUTION
  • 5.4 SMART TRANSPORTATION: ECOSYSTEM ANALYSIS
  • 5.5 CASE STUDY ANALYSIS
  • 5.6 SUPPLY CHAIN ANALYSIS
  • 5.7 TARIFF AND REGULATORY LANDSCAPE
    TARIFF DATA (HS CODE: 853010) - ELECTRICAL SIGNALLING, SAFETY OR TRAFFIC CONTROL EQUIPMENT FOR RAILWAYS, TRAMWAYS, ROADS, INLAND WATERWAYS, PARKING FACILITIES, PORT INSTALLATIONS OR AIRFIELDS
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    - NORTH AMERICA
    - EUROPE
    - ASIA PACIFIC
    - MIDDLE EAST & AFRICA
    - LATIN AMERICA
    KEY REGULATIONS
  • 5.8 PRICING ANALYSIS
    AVERAGE SELLING PRICE OF SOLUTIONS, BY KEY PLAYERS, 2023
    INDICATIVE PRICING ANALYSIS OF END-USER, 2023
  • 5.9 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - IOT
    - ARTIFICIAL INTELLIGENCE (AI) AND MACHINE LEARNING (ML)
    - V2X
    COMPLIMENTARY TECHNOLOGIES
    - BIG DATA
    - 5G
    - CLOUD COMPUTING
    ADJACENT TECHNOLOGIES
    - DIGITAL TWIN
    - EDGE COMPUTING
    - BLOCKCHAIN
  • 5.10 PATENT ANALYSIS
    LIST OF MAJOR PATENTS
  • 5.11 KEY CONFERENCES AND EVENTS, 2025-2026
  • 5.12 PORTERS FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
  • 5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.15 TRADE ANALYSIS (8530)
    EXPORT SCENARIO
    IMPORT SCENARIO
  • 5.16 BEST PRACTISES IN SMART TRANSPORTATION MARKET
  • 5.17 TECHNOLOGY ROADMAP FOR SMART TRANSPORTATION MARKET
    SHORT-TERM ROADMAP (2025 – 2026)
    MID-TERM ROADMAP (2027 – 2028)
    LONG-TERM ROADMAP (2029 – 2030)
  • 5.18 INVESTMENT LANDSCAPE AND FUNDING SCENARIO
  • 5.19 IMPACT OF GENERATIVE AI IN SMART TRANSPORTATION
SMART TRANSPORTATION MARKET, BY TRANSPORTATION MODE
6
  • 6.1 INTRODUCTION
    TRANSPORTATION MODE : SMART TRANSPORTATION MARKET DRIVERS
  • 6.2 ROADWAYS
    SOLUTIONS
    - Smart Ticketing
    - Parking Management
    - Traffic Management
    - Passenger Information
    - Intelligent Mobility Solutions
    - Freight and Fleet Management
    - Other Roadway Solutions (GIS Tracking, Safety Management, and Depot Management System)
    SERVICES
    - Consulting
    - Deployment and Integration
    - Support and Maintenance
  • 6.3 RAILWAYS
    SOLUTIONS
    - Railway Smart Ticketing
    - Passenger Information
    - Freight Management
    - Rail Traffic Management
    - Rail Asset Management
    - Other Railway Solutions (GIS Tracking, Security and Safety Solutions and Advanced Analytics)
    SERVICES
    - Consulting
    - Deployment and Integration
    - Support and Maintenance
  • 6.4 AIRWAYS
    SOLUTIONS
    - Smart Ticketing
    - Airway Passenger Information
    - Airport Security Solutions
    - Freight Management
    - Air Traffic Management
    - Other Airway Solutions (Integrated Operating Center, Queue Management System, and Airport Parking Management)
    SERVICES
    - Consulting
    - Deployment and Integration
    - Support and Maintenance
  • 6.5 MARITIME
    SOLUTIONS
    - Port and Terminal Management
    - Maritime Traffic Management
    - Passenger Information
    - Other Maritime Solutions (Smart Ticketing, Real-Time Weather Intelligence, Maritime Safety and Security Solutions)
    SERVICES
    - Consulting
    - Deployment and Integration
    - Support and Maintenance
SMART TRANSPORTATION MARKET, BY END-USER
7
  • 7.1 INTRODUCTION
    END-USER: SMART TRANSPORTATION MARKET DRIVERS
  • 7.2 GOVERNMENT
  • 7.3 COMMERCIAL ORGANIZATIONS
SMART TRANSPORTATION MARKET BY REGION
8
  • 8.1 INTRODUCTION
  • 8.2 NORTH AMERICA
    NORTH AMERICA: SMART TRANSPORTATION MARKET DRIVERS
    MACROECONOMIC OUTLOOK FOR NORTH AMERICA
    UNITED STATES
    CANADA
  • 8.3 EUROPE
    EUROPE: SMART TRANSPORTATION MARKET DRIVERS
    MACROECONOMIC OUTLOOK FOR EUROPE
    UNITED KINGDOM
    GERMANY
    FRANCE
    ITALY
    SPAIN
    NORDICS
    REST OF EUROPE
  • 8.4 ASIA PACIFIC
    ASIA PACIFIC: SMART TRANSPORTATION MARKET DRIVERS
    MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
    CHINA
    JAPAN
    AUSTRALIA & NEW ZEALAND
    INDIA
    SINGAPORE
    SOUTHEAST ASIA
    REST OF ASIA PACIFIC
  • 8.5 MIDDLE EAST AND AFRICA
    MIDDLE EAST AND AFRICA: SMART TRANSPORTATION MARKET DRIVERS
    MACROECONOMIC OUTLOOK FOR MDDLE EAST AND AFRICA
    UAE
    SAUDI ARABIA
    QATAR
    EGYPT
    SOUTH AFRICA
    REST OF MIDDLE EAST AND AFRICA
  • 8.6 LATIN AMERICA
    LATIN AMERICA: SMART TRANSPORTATION MARKET DRIVERS
    MACROECONOMIC OUTLOOK FOR LATIN AMERICA
    BRAZIL
    MEXICO
    ARGENTINA
    REST OF LATIN AMERICA
COMPETITIVE LANDSCAPE
9
  • 9.1 KEY PLAYER STRATEGIES/RIGHT TO WIN
  • 9.2 MARKET SHARE ANALYSIS
    MARKET RANKING ANALYSIS
  • 9.3 REVENUE ANALYSIS
  • 9.4 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - COMPANY FOOTPRINT
    - REGION FOOTPRINT
    - TRANSPORTATION MODE FOOTPRINT
    - END-USER FOOTPRINT
  • 9.5 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    - DETAILED LIST OF KEY STARTUPS/SMES
    - COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • 9.6 COMPETITIVE SCENARIO AND TRENDS
    PRODUCT LAUNCHES
    DEALS
    OTHERS
  • 9.7 BRAND/PRODUCT COMPARISON ANALYSIS
  • 9.8 COMPANY VALUATION AND FINANCIAL METRICS OF KEY SMART TRANSPORTATION PROVIDERS
    COMPANY PROFILES
COMPANY PROFILES
10
  • 10.1 KEY PLAYERS
    THALES GROUP
    - Business and Financial overview
    - Recent developments
    - MNM View
    HUAWEI
    - Business and Financial Overview
    - Recent developments
    - MNM View
    SIEMENS
    - Business and Financial Overview
    - Recent developments
    - MNM View
    CONDUENT
    - Business and Financial Overview
    - Recent Developments
    - MNM View
    KAPSCH TRAFFICCOM AG
    - Business and Financial Overview
    - Recent Developments
    - MnM View
    CUBIC
    - BUSINESS AND FINANCIAL OVERVIEW
    - Recent developments
    NEC CORP.
    - Business and Financial Overview
    - Recent developments
    HITACHI
    - Business and Financial Overview
    - Recent developments
    INDRA SISTEMA S.A.
    - Business and Financial Overview
    - Recent developments
    TOMTOM
    - Business and Financial Overview
    - Recent developments
    INDRA SISTEMA S.A.
    - Business and Financial Overview
    - Recent developments
    DESCARTES
    - Business and Financial Overview
    - Recent developments
    VESON NAUTICAL
    TRIMBLE
    TOMTOM
    DNV GL
    VESON NAUTICAL
    ALSTOM
    BENTLEY SYSTEMS
    BOSCH
  • 10.2 STARTUPS/SMES
    PARK+
    ARRIVE
    SWIFTLY
    CUROPARK
    PETON
    PENSKELOGISTICS
    RAMBUS
    TRUSTREDLINE
    SPIRE
    TERMA
    MARINELABS
ADJACENT AND RELATED MARKETS
11
  • 11.1 ADJACENT AND RELATED MARKETS
  • 11.2 SMART CITIES MARKET
    MARKET DEFINITION
    MARKET OVERVIEW
  • 11.3 TRAFFIC MANAGEMENT MARKET
    MARKET DEFINITION
    MARKET OVERVIEW
APPENDIX
12
  • 12.1 ADJACENT REPORTS
  • 12.2 DISCUSSION GUIDE
  • 12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 12.4 AVAILABLE CUSTOMIZATIONS
  • 12.5 RELATED REPORTS
  • 12.6 AUTHOR DETAILS

This research study involved extensive secondary sources, directories, and databases, such as Dun & Bradstreet (D&B) Hoovers and Bloomberg BusinessWeek, to identify and collect valuable information for a technical, market-oriented, and commercial study of the Smart Transportation market. The primary sources have been mainly industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, alliances, and organizations related to all segments of the value chain of this market. In-depth interviews have been conducted with primary respondents, including key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information.

Secondary Research

The market size of companies across the globe offering WCM products was arrived at based on the secondary data available through paid and unpaid sources. It was also arrived at by analyzing the product portfolios of major companies and rating companies based on their performance and quality.

In the secondary research process, various secondary sources were referred to identify and collect information for the study. The secondary sources included annual reports, press releases, investor presentations of companies, white papers, certified publications, and articles from recognized associations and government publishing sources. Several journals and associations, such as 27th IEEE International Conference on Intelligent Transportation Systems (IEEE ITSC 2024) and ICTA 2024: 9th International Conference on Sustainable Transportation & Smart Innovations were also referred to. Secondary research was used to obtain key information about industry insights, the market’s monetary chain, the overall pool of key players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both the market and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for the report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Chief Technology Officers (CTOs), Chief Operating Officers (COOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the Smart Transportation market. The primary sources from the demand side included Smart Transportation end users, consultants/specialists, Chief Information Officers (CIOs), and subject-matter experts from enterprises and government associations.

Smart Transportation Market Size, and Share

*Others include sales managers, marketing managers, and product managers.
Note: Tier 1 companies’ revenue is more than USD 1 billion; Tier 2 companies ‘revenue ranges between USD 500 million to 1 billion; and Tier 3
companies’ revenue ranges in between USD 100 million and USD 500 million

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Multiple approaches were adopted to estimate and forecast the size of the Smart Transportation market. The first approach involves estimating market size by summing up the revenue generated by companies through the sale of Smart Transportation.

Both top-down and bottom-up approaches were used to estimate and validate the total size of the Smart Transportation market. These methods were extensively used to estimate the size of various segments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research.
  • In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.

Smart Transportation Market : Top-Down and Bottom-Up Approach

Smart Transportation Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall market size, the Smart Transportation market was divided into several segments and subsegments. A data triangulation procedure was used to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with data triangulation and market breakdown, the market size was validated by the top-down and bottom-up approaches.

Market Definition

Smart Transportation refers to an advanced transportation system that integrates technology, data, and innovation to improve the efficiency, safety, accessibility, and sustainability of all modes of transport such as roadways, railways, maritime, and airways. Smart Transportation refers to an Information and Communication Technology (ICT) driven framework designed to optimize the efficiency, safety, and sustainability of transportation systems across all modes such as road, rail, air, water, and urban transit. It integrates advanced technologies such as IoT, AI, cloud computing, big data analytics, and intelligent communication networks to enhance the movement of people and goods through data-driven decision-making and automation.

With the advancement of disruptive technologies, such as Artificial Intelligence (AI)/Machine Learning (ML), Internet of Things (IoT), big data and analytics, and others aim to provide innovative services relating to different modes of transportation and traffic management and enable users to be better informed and make safer and smarter use of transportation networks.

Stakeholders

  • Transportation service providers
  • Solution vendors
  • Networking and communication service providers
  • Original Equipment Manufacturers (OEMs)
  • Transportation agencies
  • Public transportation departments
  • Managed Service Providers (MSPs)
  • System integrators
  • Consultancy firms/advisory firms
  • Investors and venture capitalists
  • Independent software vendors
  • Value-Added Resellers (VARs) and distributors
  • Governments and urban planning agencies
  • Rail infrastructure suppliers
  • Railway management companies (private/public)
  • Shipping operators
  • Maritime technology vendors
  • Airport authorities
  • Airport technology vendors
  • Transport operators
  • Transport infrastructure planners

Report Objectives

  • To determine and forecast the global smart transportation market by transportation mode (roadways, railways, airways, maritime), solutions, services, end-user and region from 2023 to 2029, and analyze the various macroeconomic and microeconomic factors that affect the market growth
  • To forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa (MEA)
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the smart transportation market
  • To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall smart transportation market
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the smart transportation market
  • To profile the key market players; provide a comparative analysis on the basis of business overviews, regional presence, product offerings, business strategies, and key financials; and illustrate the competitive landscape of the market
  • To track and analyze competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities, in the market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Country-wise information

  • Analysis for additional countries (up to five)

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Previous Versions of this Report

Smart Transportation Market by Transportation Mode, Solution (Smart Ticketing, Passenger Information, Freight Information System), Service, Communication Technology, Application and Region - Global Forecast to 2028

Report Code TC 2365
Published in Mar, 2023, By MarketsandMarkets™

Smart Transportation Market by Transportation Mode (Roadways, Railways, Airways, and Maritime), Solution (Smart Ticketing, PIS, Freight Management), Service, Communication Technology, Application, and Region - Global Forecast to 2025

Report Code TC 2365
Published in Jul, 2020, By MarketsandMarkets™

Smart Transportation Market by Transportation Mode (Roadways, Railways, Airways, and Maritime), Solution (Smart Ticketing, Traffic and Freight Management, PIS), Service, Application (Shared Mobility, Public Transport), and Region - Global Forecast to 2023

Report Code TC 2365
Published in Sep, 2018, By MarketsandMarkets™

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

Report Code TC 2365
Published in Apr, 2017, By MarketsandMarkets™

Smart Transportation Market by Solutions (Ticketing Management, Parking Management, Traffic Management, Smart Signalling, Multimodal Information System, Passenger Information Systems, Cloud Services, Business Services) - Global Forecast to 2020

Report Code TC 2365
Published in Jul, 2015, By MarketsandMarkets™

Smart Transportation Market (Ticketing Management, Parking Management, Traffic Management, Smart Signalling System, Multimodal Information System, Cloud Services, Business Services) – Global Advancements, Forecasts and Analysis (2014 - 2019)

Report Code TC 2365
Published in Mar, 2014, By MarketsandMarkets™

Smart Transportation Market by Solutions & Services - 2019 | MarketsandMarkets

Report Code TC 2365
Published in Dec, 2012, By MarketsandMarkets™
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