Revolution on the Roads: Smart Transportation Market Set to Transform Mobility with Cutting-Edge Innovations in 2025 | DataM Intelligence

Market Overview:

The Global Smart Transportation Market is expected to grow at a CAGR of 10.9% during the forecast period (2024-2031).

Smart Transportation Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Smart Transportation Market involves the development and deployment of advanced technologies such as IoT, AI, connected vehicles, and intelligent traffic management systems to enhance transportation efficiency, safety, and sustainability. It covers solutions for traffic monitoring, fleet management, public transit optimization, and autonomous vehicles, aiming to reduce congestion, emissions, and operational costs while improving overall mobility and commuter experience.

Industry News of USA and Japan:

USA:

Uber Secures $300 Million for Robotaxi Expansion:

Uber has partnered with Lucid and Nuro to deploy over 20,000 self-driving electric vehicles over six years. The company is also seeking additional funding from banks and private equity firms to support this expansion.

Japan:

Toyota's $10 Billion Smart City Near Mount Fuji:

Toyota is constructing "Woven City," a 175-acre smart city near Mount Fuji, to test advanced technologies including robots, self-driving vehicles, and AI-powered smart homes. The first phase is set to accommodate 100 residents by fall 2025.

Key Players:

ERTICO-ITS
Orange Business Services
Advantech Co., Ltd.
AGT International
Oracle Corporation
AVEVA Group plc
Hitachi Inc.
SAP SE
IBM Corporation
Cisco Systems Inc.

Growth Forecast Projected:

The Global Smart Transportation Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Smart Transportation Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Market Segmentation:

By Services: Business Services, Cloud Services, Professional Services.

By Application: Public Transport, Traffic Management, Parking Management, Road Safety and Security, Automotive Telematics, Freight.

By Type: Advanced Public Transportation Systems (APTS), Advanced Traveller Information Systems (ATIC), Cooperative Vehicle Systems, Advanced Traffic Management Systems (ATMS), Advanced Transportation Pricing Systems (ATPS), Parking Management Systems.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Smart Transportation market?

➠ Who are the leading manufacturers in the global Smart Transportation industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Smart Transportation industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Smart Transportation market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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