The global smart transportation market size reached US$ 107.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 260.1 Billion by 2032, exhibiting a growth rate (CAGR) of 10% during 2024-2032.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Smart Transportation
Market: Global Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2024-2032," the global smart transportation market size reached US$
107.2 Billion in 2023.
Smart transportation refers to the integration of advanced infrastructure and
management strategies into existing transportation systems. It possesses
various applications, including passenger information, parking management
and guidance, and traffic management.
This is done through improved infrastructures, implementation of schemes to
offer mobility services, and legislative provisions toward sustainable fuels for
public transport. In recent years, smart transportation has gained momentum
as it provides residents with affordable, convenient, and reliable ways of
commuting.
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transportation-market/requestsample
4. Report Description
Global Smart Transportation Market Trends:
One of the primary factors driving the market is the exponentially rising use of the Internet of Things (IoT)
devices, 5G communication technology, and machine learning (ML). Additionally, the introduction of cloud-based
technologies and renovations in vehicle-to-vehicle (V2V) and vehicle-to-grid infrastructure (V2I) is creating a
positive market outlook. Other than this, the demand for efficient transportation with technological advancements
is constantly rising, thereby positively influencing the market growth. Besides this, governments of various
nations are focusing on minimizing greenhouse emissions and curbing high levels of traffic congestion.
This is contributing to the market as smart transportation assists in using more informed, coordinated, safer, and
smart transportation networks. Furthermore, with the rising working population, expanding disposable incomes
and improving living standards of the masses, there has been a surge in the sales of automotive vehicles. This,
along with the introduction of innovative features in automobiles, including safe design, high performance,
sustainable fuels, and adherence to the latest norms.
Looking forward, IMARC Group expects the market value to reach US$ 260.1 Billion by 2032, expanding at a
CAGR of 10% during the forecast period (2024-2032).
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5. Report
Segmentation
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
6. Report
Segmentation
• Maritime
Breakup by Application:
• Mobility as a Service
• Public Transport
• Transit Hubs
• Connected Cars
• Video Management
• Others
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
7. Competitive
Landscape with
Key Players
• 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
8. Key Questions
Answered in
the Report
What was the size of the global smart transportation market in
2023?
What is the expected growth rate of the global smart
transportation market during 2024-2032?
What are the key factors driving the global smart
transportation market?
What has been the impact of COVID-19 on the global smart
transportation market?
What is the breakup of the global smart transportation market
based on the solution?
What is the breakup of the global smart transportation market
based on the services?
What is the breakup of the global smart transportation market
based on the transportation mode?
What are the key regions in the global smart transportation
market?
Who are the key players/companies in the global smart
transportation market?
9. 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 Mark et Trends
6.1.2 Mark et Forecast
6.2 Parking Management and Guidance System
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Integrated Supervision System
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
10. Table of
Contents
6.4 Traffic Management System
6.4.1 Mark et Trends
6.4.2 Mark et Forecast
6.5 Others
6.5.1 Mark et Trends
6.5.2 Mark et Forecast
7 Market Breakup by Services
7.1 Business Services
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Professional Services
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 Cloud Services
7.3.1 Market Trends
7.3.2 Mark et Forecast
8 Market Breakup by Transportation Mode
8.1 Roadways
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
8.2 Railways
8.2.1 Mark et Trends
8.2.2 Mark et Forecast
8.3 Airways
8.3.1 Mark et Trends
8.3.2 Mark et Forecast
8.4 Maritime
8.4.1 Mark et Trends
8.4.2 Mark et Forecast
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