Press release
United States Smart Transportation Industry Sector Poised for Rapid Growth By 2032 | Top Companies - AGT International, AVEVA Group plc, ERTICO-ITS, Orange Business Services, Cisco Systems Inc.
Smart Transportation Industry
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Latest M&A in Smart Transportation
Geely Automobile Holdings acquired Zeekr Intelligent Technology for $2.2 billion, streamlining operations and expanding its premium EV footprint globally.
Shift4 Payments acquired Global Blue for $2.5 billion, enhancing payment solutions for travel retail and mobility transactions.
The smart transportation sector experiences sustained M&A activity, with strategic deals focusing on electrification, autonomous vehicles, and connected mobility platforms.
Investment flows are strong in ride-hailing, electric vehicle infrastructure, and mobility-as-a-service (MaaS) startups, boosting ecosystem consolidation.
List of Top Key Player:
ERTICO-ITS, Orange Business Services, Advantech Co., Ltd, AGT International, Oracle Corporation, AVEVA Group plc, Hitachi Inc, SAP SE, IBM Corporation and Cisco Systems Inc.
Latest News & Market Trends
The global smart transportation market valued at over $154.7 billion in 2024 is forecast to reach $353.9 billion by 2034, growing at a CAGR of 12.8%.
Rapid urbanization, traffic congestion, electric vehicle adoption, and deployment of 5G, AI, and IoT technologies are driving sector expansion.
Key trends include adaptive traffic management, autonomous vehicles, multimodal transport systems, and integrated smart city infrastructure.
North America leads the market, accounting for around 33% of global revenue due to government funding and technological innovation
Forecast Projection:
The Global Smart Transportation Market is poised for significant growth between 2025 and 2032. In 2024, the market maintained a steady upward trajectory, and with strategic initiatives by leading players accelerating adoption, the market is expected to soar throughout the forecast period. Companies leveraging these trends are well-positioned to capture emerging opportunities and maximize revenue potential.
Market Intelligence Research Process:
The Smart Transportation Market research report by DataM Intelligence combines primary and secondary data to deliver deep, actionable insights. It examines the full spectrum of factors shaping the industry, from government regulations and market conditions to competitive dynamics, historical trends, technological breakthroughs, upcoming innovations, and potential challenges. This comprehensive analysis not only highlights growth prospects but also identifies barriers, equipping businesses to navigate market volatility and capitalize on emerging opportunities.
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Key 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)
Global Growth 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)
Benefits of the Report:
Chapter 1 - Market Overview: Kickstarts the report with a comprehensive snapshot of the Smart Transportation Market, summarizing key segments by region, product type, and application. Highlights include market size, segment growth potential, and short- & long-term industry outlook.
Chapter 2 - Emerging Trends: Uncovers the game-changing trends and high-impact innovations shaping the future of the industry.
Chapter 3 - Competitive Landscape: Offers a deep dive into market competition, detailing revenue shares, strategic initiatives, and recent mergers & acquisitions.
Chapter 4 - Top Player Profiles: Features detailed company profiles, covering revenue, profit margins, product lines, and major milestones for leading market players.
Chapters 5 & 6 - Regional & Country Analysis: Breaks down revenue performance across global regions, providing insights on market sizes, opportunities, and growth prospects worldwide.
Chapter 7 - Segmentation Analysis: Explores market segmentation by type, revealing high-potential categories and guiding businesses towards lucrative areas.
Chapter 8 - Application Insights: Examines downstream markets and identifies promising sectors for expansion, showing how different applications are driving growth.
Chapter 9 - Supply Chain Mapping: Maps the entire industry supply chain, highlighting upstream and downstream activities for a holistic market perspective.
Chapter 10 - Key Takeaways: Concludes with critical insights and actionable strategies, equipping stakeholders to make informed decisions and stay ahead in the market.
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Recent Product Launches and Innovations
Huawei released seven new smart transportation solutions focused on urban mobility, intelligent traffic control, and EV infrastructure acceleration.
Advanced AI-driven traffic control systems and smart signaling solutions are being implemented worldwide to reduce congestion and emissions.
Autonomous vehicle deployments continue to expand with new pilot programs integrating vehicle-to-everything (V2X) communication enabled by 5G networks.
Mobility platforms are increasingly adopting blockchain for secure data exchange and mobility-as-a-service business models improving ride-sharing and fleet efficiency.
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Contact Person: Sai Kiran
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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