Smart way Transportation Market - Trends, Size, Developments and Growth 2020

Posted by Akash Sangshetti on March 16th, 2020

Smart way Transportation Market by Solution (Traffic Management, Smart Ticketing, Parking Management, Integrated Supervision, Passenger Information, Insurance Telematics Solution), by Service (Consulting Service, Deployment and Integration, Support and Maintenance) - Forecast to 2022

Smart way Transportation Market – Overview

The smart transportation is an advanced transportation system provides innovative services associated with different modes of transport and traffic management for avoiding various problems including traffic accidents, congestion, and vehicle carbon emission. The smart transportation system involves vehicles, drivers, passengers, road operators, interacting with each other. The adoption of fleet management in smart transportation provides vehicles with a smarter solution that offers real-time visibility of driver performance, vehicle location, fuel consumption, travelling mileage speed, idle times, and increases efficiency & productivity of the vehicles.

The adoption of advanced technologies including cloud computing, big data, evolution of wireless network, machine to machine(M2M), Internet of things (IoT), and government initiatives to support smart technologies in existing transportation are some of the factors that are impacting the growth of Smart Way Transportation Market. However, high capital investment and with lack reliable database for road network are some of the factors that hinder the growth of smart transportation market.

Global Smart Transportation Market - Segmentation

  • Segmentation by solution: traffic management solution, smart ticketing solution, parking management solution, integrated supervision solution, passenger information solution, insurance telematics solution, and others.
  • Segmentation by services: consulting services, deployment and integration, and support & maintenance.
  • Segmentation by region: North America, Europe, Asia-Pacific and rest of the world.

Key Players

The prominent players in the Smart way Transportation Market are - Cisco Systems, Inc. (U.S.), General Electric Company (U.S.), Alstom SA (France), Cubic Corporation (U.S.), Kapsch (Austria), IBM Corporation (U.S.), Thales Group (France), Siemens AG (Germany), AECOM (U.S.), Accenture Plc (Ireland), LG CNS Co. Ltd. (Korea), TomTom International B.V. (Netherlands) among others.

Global Smart Transportation Market - Regional Analysis

Transportation sector has been widely impacted by rapid advancement in artificial intelligence, and self-driving technologies. Smart transportation market is highly developed in Europe and the major factor contributing to the growth of this market is Europe being the hub of automotive manufacturing. Additionally, the smart transportation technology is backed up by European Union road safety initiatives. The union is working towards building Horizon 2020, an environment-friendly, efficient, and safer commute system. Germany, France, and the UK are among the leading countries that contributing to the growth of smart transportation market. Growth in autonomous vehicles, and self-driving vehicles is also attributing to the need for smart and safe transportation system.



Figure 1 Research Network Solution

Figure 2 Smart Transport Market: By Solution (%)

Figure 3 Smart Transport Market: By Service (%)

Figure 4 Smart Transport Market: By Region

Figure 5 North America Smart Transport Market, By Solution (%)

Figure 6 North America Smart Transport Market, By Service (%)

Figure 7 Europe Smart Transport Market, By Solution (%)

Figure 8 Europe Smart Transport Market, By Service (%)

Figure 9 Asia-Pacific Smart Transport Market, By Solution (%)

Figure 10 Asia-Pacific Smart Transport Market, By Service (%)

Figure 11 Row Smart Transport Market, By Solution (%)

Figure 12 Row Smart Transport Market, By Service (%)


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Akash Sangshetti

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Akash Sangshetti
Joined: October 1st, 2019
Articles Posted: 322

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