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Smart Transportation Market Report 2023 - Share, Size, Industry Trends, Growth And Forecast To 2032 | Cisco Systems Inc., Toshiba Corporation, Siemens Corporation, SAP SE, Thales Group
Smart Transportation Market
Smart Transportation Market Size, Growth Rate, And Forecast
The global smart transportation market size grew from $123.15 billion in 2022 to $143.54 billion in 2023 at a compound annual growth rate (CAGR) of 16.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart transportation market size is expected to grow to $261.1 billion in 2027 at a CAGR of 16.1%.
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Smart Transportation Market Drivers
Increasing government initiatives and regulations are driving the smart transportation market. The governments across emerging and developing economies are focusing on investing in innovative transportation technologies to reduce the congestion on roadways, maintain safe transportation practices and reduce road accidents.
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Smart Transportation Market Segments
• By Product Type: Advanced Traveler Information Systems (ATIC), Advanced Transportation Management Systems (ATMS), Advanced Transportation Pricing Systems (ATPS), Advanced Public Transportation Systems (APTS), Cooperative Vehicle Systems.
• By Transportation Mode: Roadways, Railways, Airways, Maritime.
• By Application: Traffic Management, Road Safety and Security, Parking Management, Public Transport, Automotive Telematics, Freight.
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Smart Transportation market.
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Smart Transportation Market Key Players
Major competitors in the smart transportation market include Cisco Systems Inc., Toshiba Corporation, Siemens Corporation, SAP SE, Thales Group, Kapsch Traffic Com, Cubic Corporation.
The Business Research Company's "Global Smart Transportation Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Smart Transportation Market Include:
1. Executive Summary
2. Smart Transportation Market Characteristics
3. Smart Transportation Market Trends And Strategies
4. Smart Transportation Market - Macro Economic Scenario
5. Smart Transportation Market Size And Growth
……
26. Africa Smart Transportation Market
27. Smart Transportation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Transportation Market
29. Smart Transportation Market Future Outlook and Potential Analysis
30. Appendix
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