Press release
Smart Transportation Market is expected to grow at a CAGR of 12% during the forecast period 2021-2026.
Smart Transportation Market
Smart transportation refers to the management strategies and integrated application of modern technologies in transportation systems relating traffic and transport management so as to enable users to make ‘smarter’ use of transport networks. Globally, smart cities are taking the help of this technology to develop such seamless and connected transportation systems. The United States has initiated the United Smart Cities program to develop and scale up the concept. In China, over 500 cities began their transition to smart cities in 2017.
Rapid urbanization is one of the major factors driving the growth of the smart transportation market during the forecast period. Urban density has been steadily increasing around the globe, which has been translating to an increase in the global vehicle parc.
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The Major Manufacturers Covered in this Report:
Thales (France), Huawei (China), Siemens (Germany), IBM (U.S.), Cisco Systems (U.S.), SAP (Germany), Cubic (U.S.), ALSTOM (France), Toshiba (Japan), Harris (U.S.), Saab (Sweden), BENTLEY SYSTEMS (U.S.), Kapsch (Austria), Hitachi (Japan), The Descartes Systems (Canada), Rockwell Collins (U.S.), and DNV GL (Norway) and more...
Years that have been considered for the study of this report are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026
Market Segmentation:
By Product Type
Advanced Traveller Information Systems
Advanced Transportation Management Systems
Advanced Transportation Pricing Systems
By Transportation Mode
Roadways
Railway
Airway
Maritime
By Solution
Smart Ticketing
Traffic and Freight Management
PIS
By Geography
North America
Europe
Asia Pacific
LAMEA
The analysis objectives of the report are:
To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Smart Transportation Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Smart Transportation Market sub-markets, depending on key regions (various vital states).
To analyze the Global Smart Transportation Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Smart Transportation Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Smart Transportation Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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