Smart Transportation Market 2018 Global Leaders: AECOM, Alstom SA, Cubic Corporation, Kapsch, Thales Group, Siemens AG, LG CNS, General Electric Company, IBM Corporation

Market Research Future published a research report on “Smart Transportation Market Research Report- Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Highlights

In this fast growing environment, companies are increasing investments in internet of things (IoT), and innovation. In Smart Transport market innovation is a key driver. In this changing environment with an increase of demands of efficient transportation networks, integrated security & safety and others there is a need to develop and adopt to the Smart Transport systems. The increasing focus of government in building smart cities is predicted to drive smart transportation demand as it is an integral part of the smart city projects.

The Smart Transport systems are developing rigorously to overcome some of existing issues such as lack of good quality and safe public transportation, reduced road safety concerns, inadequate capacity of manage public transportation, poor traffic management, overcrowded road network, theft, poor road conditions, parking issues and others. The study indicates a need for large database of road networks and high costs of installation would be the restraining factor for Smart Transport Market.

The Smart Transport Market is growing rapidly over 24% of CAGR and is expected to reach at USD 273 Billion by the end of forecast period.

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Key Players

The prominent players in the Smart 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 Competitive Analysis

The positive outlook of the market is driving the market to a significant levels of development. Varied products in the market are increasing the demand levels of the industry which will ensure speedy growth in the market. The industry is maintaining the development potential of the industry through unceasing strategy formulation and ensuring financial flexibility to invest in the best strategies when they become available. Owing to the productive potential of this market, the challengers in the market are trying to develop their market portion to a by the usage of major assets to allow growth transformations which will be good for the long run transformation of the sector. The prominent players in the Smart Transportation Market are General Electric Company (U.S.), Cisco Systems, Inc. (U.S.), Thales Group (France),Alstom SA (France), Kapsch (Austria), IBM Corporation (U.S.) and Cubic Corporation (U.S.) are some of the competitors in the market.

Smart Transport Market Segmentation

The Smart Transport Market has been segmented on the basis of Solution and service. On basis of Solution the Smart Transport consists of Traffic management, smart ticketing, Parking management, integrated supervision, passenger information, and Insurance telematics solution. The study indicates that smart ticketing solution segment would grow at a highest rate in the Smart Transportation Market by the forecast period. The increasing penetration of mobile devices and demand for digital payment are expected to drive the smart ticketing solution market. Whereas based on service segment of smart transportation system the largest market share would be grabbed by deployment and integration services segment.

Regional Analysis

The regions included in the market for smart transportation includes regions such as Americas, Asia pacific, Europe and Rest of the World. Swift digitization spanning various industries which has driven the market especially in the European region. The European region is anticipated to control the market for smart transportation in the forecast period due to digital transformations, technological developments, and growing adoption of smart devices. According to the report, government initiatives for smart transportation in the European region is instrumental in driving the market in this region. North America region follows the European market is anticipated to develop considerably in the forecast period. The countries in the Asia-Pacific countries such as Japan, India China, and Korea are likely to show stable growth in the forecast period.

Industry Updates:

Jan 2018 Didi Chuxing which is a mobile transportation platform has entered into a collaboration with Chinese traffic management authorities. The joint initiative has subsequently launched combined solution for traffic management in a smart city set up. The initiative has been the nicknamed the “DiDi Smart Transportation Brain.” The initiative has thus been implemented by more than 20 Chinese cities and is led by three principal feature. The solution readily facilitates real-time data leveraging cloud computing and AI-based technologies to offer cities with a variety of transportation infrastructure developments.

Jan 2018 Cubic Corporation announced recently the Cubic Transportation Systems (CTS) business division will display their innovations and technologies for smart city transportation planning in an upcoming exhibition. Cubic will exhibit their open-payment platforms and account-based ticketing, novel mobile technologies and additional strategies for growing competencies for the convenience and accessibility for travelers and transportation operators.

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Intended Audience

• Public transportation authorities
• Networking and Communication Service Providers (CSPs)
• Cloud service providers
• Smart cities stakeholders
• Investors and consultants
• System Integrators
• Government Organizations
• Research/Consultancy firms
• Technology solution providers
• Transport agencies

TABLE OF CONTENTS

1 Market Introduction

1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure

2 Research Methodology

2.1 Research Network Solution
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation

3 Market Dynamics

3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints

4 Executive Summary

5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis

Continued…

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