Press release
Smart Transportation Market to Hit USD 234.01 Bn and grow at a growth rate of 10.6 percent by 2029: Industry Analysis and Forecast (2022-2029) Trends, Statistics, Dynamics, Segmentation by Type, location, service, Application, and Region
Smart Transportation Market
Smart Transportation Market Report Scope and Research Methodology
The report gives a thorough analysis of the global, regional and national levels. The report forecasts the market size and growth rate along with existing and future trends in the Smart Transportation market. For a better knowledge of market penetration, competitive structure, pricing and demand analysis are included in the report. Major Industry players are listed by region, along with total market revenue, financial standing, portfolio, new technical developments approved, mergers and acquisitions, joint ventures and strategic alliances for the competitive analysis of the Smart Transportation market.
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For Smart Transportation Market size estimation, the bottom approach was used during the analysis. Equipment, Type and application are the segments used to analyze the Smart Transportation market in order to offer the aspects that both positively and negatively affect the growth of the market. Primary and secondary data sources are used in the report. Primary data collection techniques were conducting questionnaires, surveys and telephonic interviews with market leaders and business owners. Secondary data collection includes official databases of government websites, annual reports, white papers and press releases.
SWOT analysis was conducted to identify the internal and external opportunities and threats of the market while PESTLE was employed to understand the business direction and growth rates of the Smart Transportation Market.
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Smart Transportation Market Dynamics
The Smart Transportation market growth is driven by an increase in IoT architecture, advanced system management in traffic and ticket, and an increase in the adoption of connected vehicles. The market is also driven by growing demand for efficient transportation networks, the development of green fuels across the globe, increasing investment in emerging ideas for smart cities and innovation of the parking management system. However, the smart Transportation market growth is expected to be hampered due to high capital investment and the requirement for a large database of the road network.
Smart Transportation Market Regional Insights
Europe has dominated the Smart Transportation Market, in 2021 due to the enormous infrastructure in smart transportation and solutions. On account of the increasing demand for the smart transportation industry and consumer concerns about the environment, the region is expected to witness fastest-growth in the market during the forecast period. Due to rising standards of living, government rules and regulations regarding the smart transportation system and advancements in smart technology, the North American region is expected to grow at a significant rate over the forecast period.
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Smart Transportation Market Segmentation
By Transportation Mode: Roadways, Railways, Airways and Maritime
By Application: Shared mobility, Route information and route guidance, Transit hubs, Autonomous/driverless vehicles, Video management and others
By Solution: Ticketing Management System, Parking Management & Guidance System, Integrated Supervision System and Traffic Management System
By Service: Business, Professional and Cloud Services
Smart Transportation Market Key Players include:
Thales, Huawei, Siemens, IBM, Cisco Systems, SAP, Cubic, ALSTOM, Bombardier, Toshiba, Harris, Saab, Veson Nautical, Advanced Navigation Positioning Corporation (ANPC), BASS Software, BENTLEY SYSTEMS, Indra Sistemas, Trimble, TomTom, Amadeus, Conduent, Kapsch, Hitachi, The Descartes Systems, Rockwell Collins, DNV GL
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
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Table of Content for Smart Transportation Market:
Global Smart Transportation Market: Research Methodology
Global Smart Transportation Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Smart Transportation Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Smart Transportation Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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Global Smart Transportation Market Segmentation
Global Smart Transportation Market, by Transportation Mode (2021-2029)
Global Smart Transportation Market, by Application (2021-2029)
Global Smart Transportation Market, by Solution (2021-2029)
Global Smart Transportation Market, by Service (2021-2029)
Regional Smart Transportation Market(2021-2029)
Regional Smart Transportation Market, by Transportation Mode (2021-2029)
Regional Smart Transportation Market, by Application (2021-2029)
Regional Smart Transportation Market, by Solution (2021-2029)
Regional Smart Transportation Market, by Service (2021-2029
Regional Smart Transportation Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Market Share, Size & Forecast by Revenue | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends
Market Segmentation - A detailed analysis by Transportation Mode, Application, Solution, Service and Region
Competitive Landscape - Top Key Vendors and Other Prominent Vendors
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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