Top Companies in Smart Transportation Industry

Top Companies in Smart Transportation Industry - Thales Group (France), Huawei (China), Siemens (Germany), Cisco (US), and DNV (Norway)

The global Smart transportation market size 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%. The Smart Transportation market is experiencing notable growth driven by various interconnected factors. Rapid urbanization creates significant mobility challenges, and increasing government initiatives aimed at smart city development contribute to this trend. There is a growing concern about traffic congestion and its environmental impact, coupled with significant technological advancements in IoT, AI, and 5G connectivity. The combination of these elements, along with the urgent need to cut carbon emissions and improve transportation efficiency, has spurred investments in intelligent transportation systems. Additionally, the emergence of electric vehicles, autonomous driving technologies, and mobility-as-a-service platforms opens up new avenues for market growth. This expansion is especially noticeable in large metropolitan areas, where adopting smart transportation solutions can significantly reduce traffic congestion, enhance public transit efficiency, and improve overall urban mobility, all while addressing sustainability goals and elevating the quality of life for residents.

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Top Companies in Smart Transportation Industry Include:

  • Thales Group (France)
  • Huawei (China)
  • Siemens (Germany)
  • Cisco (US)
  • DNV (Norway)

Various globally established players, such as Thales Group (France), Huawei (China), Siemens (Germany), Cisco (US), and DNV (Norway), Hitachi (Japan) are dominating the Smart transportation market. To increase their market share, these competitors have used various growth methods, including partnerships, agreements, collaborations, new product releases, product enhancements, and acquisitions.

Thales Group

Thales is a global technology company that provides solutions in defense, aerospace, space, security, and digital identity. It consists of five core segments: Aerospace, Defence & Security, Digital Identity & Security, and Space and Transport. The transport segment anchors the development of smarter transportation solutions for products such as rail signaling systems, integrated transport platforms, traffic management systems, and smart ticketing solutions. Among its offerings are SelTrac CBTC (Communication-Based Train Control), which automates train operations in urban rail networks, and TransCity, a smart ticketing management platform for multiple transport modes. In 2023, Thales launched next-generation autonomous train control systems aimed at improving efficiency and safety in rail networks, with deployments underway in cities across Europe and Asia. In 2023, Thales reported annual revenues of USD 20.8 billion. The company's footprint extends across North and Latin America, Asia Pacific, the Middle East & Africa, and Europe.

Huawei

Huawei's business is in telecommunications, IT infrastructure, and consumer electronics, structured around three key business segments: carrier, enterprise, and consumer. The enterprise business segment enables Huawei to drive its contributions to smart transportation solutions, such as the Urban Rail Cloud that converges and manages urban rail operations along with 5G-based V2X communication systems for connected vehicles and smart traffic management. Huawei also offers AI-powered Traffic Optimization Solutions for Urban Mobility. The expansion began in 2023, with on-the-ground installation in Asia and Europe to enable 5G AI traffic control systems for smart transportation. In 2023, the company earned an annual revenue of USD 99.4 billion and employed 207,272 people. It has operations across Latin America, Asia Pacific, the Middle East and Africa, and Europe, which gives it a strong global footprint.

Siemens

Siemens is a significant player in the Smart Transportation Market, providing innovative intelligent mobility solutions that improve both urban and intercity transportation efficiency. Siemens optimizes mobility with innovations in smart traffic management, linked car infrastructure, automated rail systems, and electrified transportation that use AI, IoT, and big data analytics. Siemens Mobility specializes on digital rail signaling, self-driving vehicle technology, and sustainable transportation solutions such as EV charging infrastructure and smart city traffic management. By integrating smart sensors, cloud-based analytics, and cybersecurity, Siemens is designing the future of safe, efficient, and sustainable transportation networks globally.

Cisco

Cisco (US) is a major player in the Smart Transportation Market, offering secure, scalable, and AI-powered networking solutions to improve urban mobility, public transit, and intelligent traffic systems. Cisco's IoT-enabled infrastructure, edge computing, and cybersecurity solutions assist cities and transportation agencies in optimizing traffic management, linked vehicle communication (V2X), and real-time data analytics. Cisco Connected Roadways and Cisco Smart Mobility solutions provide for automated tolling, smart intersections, and predictive maintenance on rail and road networks. Cisco is paving the way for a safer, smarter, and more efficient global transportation ecosystem by combining cloud-based AI, 5G connectivity, and cybersecurity.

DNV

DNV (Norway) is a leading player in the Smart Transportation Market, specializing in risk management, safety assurance, and digital solutions for sustainable and efficient mobility. With expertise in autonomous vehicles, maritime transport, and smart infrastructure, DNV provides certification, cybersecurity assessments, and AI-driven predictive analytics to enhance the reliability of transportation systems. It plays a key role in decarbonization efforts, supporting electric and hydrogen-powered mobility, smart shipping, and digital twins for transport networks. By integrating IoT, blockchain, and data-driven risk analysis, DNV helps shape the future of safe, resilient, and sustainable smart transportation solutions worldwide.

Related Reports:

Smart Transportation Market by Transportation Mode (Roadways, Railways, Airways, and Maritime), and End User (Government and Commercial Organizations) - Global Forecast to 2029

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Smart Transportation Market Size,  Share & Growth Report
Report Code
TC 2365
RI Published ON
1/29/2025
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