Smart Transportation Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
The Business Research Company’s Smart Transportation Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
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According to ‘Smart Transportation Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ published by The Business Research Company, the smart transportation market size is expected to grow from $108 billion in 2021 to $124.21 billion in 2022 at a compound annual growth rate (CAGR) of 15.01%. The global smart transportation market size is expected to reach $238.41 billion in 2026 at a CAGR of 17.70%. Increasing government initiatives and regulations are driving the smart transportation global market.
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The smart transportation global market consists of sales of smart transportation solutions and services by entities (organizations, sole traders, and partnerships) that refer to technological solutions, which employ a variety of technologies ranging from basic management systems such as car navigation, traffic signal control systems, container management systems, automatic number plate recognition, speed cameras, and monitoring applications, to more sophisticated applications that include real-time data and input from a range of external sources. These smart transportation solutions are focused on the transportation management and safe movement of vehicles, pedestrians, traffic, parking, and others.
Global Smart Transportation Market Trends
The Internet of Things (IoT) is a key trend gaining popularity in the smart transportation global market. IoT sensors and devices collect information, such as trip time or weather conditions, and connect with other devices and systems in intelligent transportation systems. The data can also be used to assist drivers. Environmental sensors and computerized weather systems can alert a vehicle when they are going to reach a stretch of road with icy patches. When cars are equipped with sensors that can transmit information about road conditions to a centralized traffic system, traffic administrators can utilize this data to make adjustments, change traffic signals, and better guide traffic to minimize accidents.
Global Smart Transportation Market Segments
The global smart transportation market is segmented:
By Product Type: Advanced Traveler Information Systems (ATIC), Advanced Transportation Management Systems (ATMS), Advanced Transportation Pricing Systems (ATPS), Advanced Public Transportation Systems (APTS), Cooperative Vehicle Systems
By Transportation Mode: Roadways, Railways, Airways, Maritime
By Application: Traffic Management, Road Safety and Security, Parking Management, Public Transport, Automotive Telematics, Freight
By Geography: The global smart transportation market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest share.
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Smart Transportation Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides smart transportation market overviews, smart transportation market analysis and smart transportation global market forecast market size and growth for the global smart transportation market, smart transportation market share, smart transportation market segments and geographies, smart transportation global market players, smart transportation global market leading competitor revenues, profiles and market shares. The smart transportation global market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
TBRC’s Smart Transportation Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key Market Players: Cisco Systems Inc., Toshiba Corporation, Siemens Corporation, SAP SE, Thales Group, Kapsch Traffic Com, Cubic Corporation, Accenture, Alstom SA., Indra Sistemas S.A., TomTom International B.V., Huawei Technologies Co., Ltd., Iteris, Inc., Schneider Electric, and Q-Free ASA.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And So Much More.
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