The global smart transportation market size is expected to reach around US$ 35.3 Bn by 2026 growing at a CAGR of around 5.5% over the forecast period 2019 to 2026.
Smart transport system also called an intelligent transport system (ITS) is an advanced transportation infrastructure that provides innovative services for transport management systems and traffic. This transport also helps users to be better informed, more coordinated, and make smarter and safer use of transport networks. Smart transportation is also applicable in passenger information, parking management & guidance, and management of traffic. Hence, ITS can be used in any transportation mode such as roadways, railways, maritime, and airways.
Market Dynamics
The growing population across the world has led to rapid expansion which results in many problems, such as safety and congestion issues on roads. The time and fuel-saving ability of this smart transportation infrastructure help to counter these problems and hence gaining traction around the world. The emergence of cloud-based technologies and advances in vehicle-to-vehicle (V2V) and vehicle-to-grid infrastructure (V2I) are making smart transportation a reality.
Strict government regulations and supportive initiatives such as funding are the key drivers for the growth and development of the smart transportation system market. With growing road safety concerns and increasing auto thefts, various governments, especially in the United States, Russia, Europe, China, and Brazil, are directing the installation of factory-fitted safety devices and telematics in vehicles.
The need for higher capital investment may limit the growth of the market particularly in low and middle-income countries in the coming years. However, entry of multinational market players in developing region and collaboration with government bodies help to enhance the penetration of smart transportation in these regions as well and minimizes the negative impact on the market.
Based on the transportation mode, the market has been segmented into roadways, railways, airways, and maritime. In 2018, roadways accounted for the largest share of the market in 2018. Decrease in crash rate due to an increase in the safety for passengers, drivers, and pedestrians. Well-equipped highways such as in-pavement warning lights that warn highway traffic to the turning motorists and advanced radar system help to reduce accidents and traffic congestion on roads. However, the railway segment is anticipated to boost the market at the fastest rate during the forecast period. This can be attributed to increasing railways connectivity across the world. This can be attributed to reduced operating expenses and complexities, improved and standardize rail infrastructure, improved profitability and cash flow, simplified project planning and execution, improved resource productivity, and streamlined project life cycle. Based on the application, the smart transportation market has been segmented into shared mobility, transit hubs, route information and route guidance, autonomous/driverless vehicles, video management, and others.
Europe is accounted for the largest share of the market in 2018 and is expected to maintain its dominance during the forecast period. This can be attributed to high funding from the government and private organizations for smart transportation and already established good infrastructure for transportation in developed countries. For instance, in January 2019, European Commission has set a TEN-T investment action plan of USD 14.5 billion to improve connectivity and thereby economic growth in the Eastern Partnership (EaP) countries such as Armenia, Belarus, Azerbaijan, Republic of Moldova, Georgia, and Ukraine. The plan is aiming to complete about 4800 kilometers of rail and road, 6 ports, and 11 logistics centers. The investments include both short-term projects which are expected to complete by 2020 and long-term projects aiming to improve transport by 2030. However, Asia Pacific is expected to observe the fastest growth during the forecast period. This can be attributed to growing funding and adoption of smart transportation in developed and emerging countries such as China, India, Japan, and Singapore.
The market research study on “Smart Transportation Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight on the global smart transportation market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global smart transportation market, its transportation mode, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global smart transportation market size and segment markets by transportation mode, application, and geography along with the information on companies operating in the market. The smart transportation market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market sizes for different segments have been covered under the scope of the report.
The companies profiled in the global smart transportation report are Accenture PLC, Advanced Navigation Positioning Corporation, BASS Software, Cisco Systems, Cubic Corporation, Huawei, General Electric Company, IBM Corporation, Inc., Siemens AG, Thales Group, Toshiba, Veson Nautical, and WS Atkins. Leading market players are involved in the development of innovative technologies and strategic partnerships & acquisitions to cater the need of modern infrastructure and enhance their share in the global smart transportation industry.
Market Segmentation
By Transportation Mode
- Roadways
- Railways
- Airways
- Maritime
By Application
- Shared Mobility
- Transit Hubs
- Route Information and Route Guidance
- Autonomous/Driverless Vehicles
- Video Management
- Others
- By Geography
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Smart Transportation
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Smart Transportation Market By Transportation Mode
1.2.2.1. Global Smart Transportation Market Revenue and Growth Rate Comparison By Transportation Mode (2015-2026)
1.2.2.2. Global Smart Transportation Market Revenue Share By Transportation Mode in 2018
1.2.2.3. Roadways
1.2.2.4. Railways
1.2.2.5. Airways
1.2.2.6. Maritime
1.2.3. Smart Transportation Market By Application
1.2.3.1. Global Smart Transportation Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.3.2. Global Smart Transportation Market Revenue Share By Application in 2018
1.2.3.3. Shared Mobility
1.2.3.4. Transit Hubs
1.2.3.5. Route Information and Route Guidance
1.2.3.6. Autonomous/Driverless Vehicles
1.2.3.7. Video Management
1.2.3.8. Others
1.2.4. Smart Transportation Market By Geography
1.2.4.1. Global Smart Transportation Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America Smart Transportation Market Revenue and Growth Rate (2015-2026)
1.2.4.3. Europe Smart Transportation Market Revenue and Growth Rate (2015-2026)
1.2.4.4. Asia-Pacific Smart Transportation Market Revenue and Growth Rate (2015-2026)
1.2.4.5. Latin America Smart Transportation Market Revenue and Growth Rate (2015-2026)
1.2.4.6. Middle East and Africa (MEA) Smart Transportation Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Smart Transportation Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Smart Transportation Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Smart Transportation Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Smart Transportation Major Manufacturers in 2018
CHAPTER 4. SMART TRANSPORTATION MARKET BY TRANSPORTATION MODE
4.1. Global Smart Transportation Revenue By Transportation Mode
4.2. Roadways
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Railways
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Airways
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Maritime
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. SMART TRANSPORTATION MARKET BY APPLICATION
5.1. Global Smart Transportation Revenue By Application
5.2. Shared Mobility
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Transit Hubs
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Route Information and Route Guidance
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Autonomous/Driverless Vehicles
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.6. Video Management
5.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.7. Others
5.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. NORTH AMERICA SMART TRANSPORTATION MARKET BY COUNTRY
6.1. North America Smart Transportation Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2. North America Smart Transportation Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S. Smart Transportation Market Revenue and Forecast By Transportation Mode, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Transportation Mode, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 7. EUROPE SMART TRANSPORTATION MARKET BY COUNTRY
7.1. Europe Smart Transportation Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. Europe Smart Transportation Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Transportation Mode, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Transportation Mode, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Transportation Mode, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Transportation Mode, 2015 - 2026 ($Million)
7.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Transportation Mode, 2015 - 2026 ($Million)
7.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 8. ASIA-PACIFIC SMART TRANSPORTATION MARKET BY COUNTRY
8.1. Asia-Pacific Smart Transportation Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Asia-Pacific Smart Transportation Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Transportation Mode, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Transportation Mode, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Transportation Mode, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Transportation Mode, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Transportation Mode, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Transportation Mode, 2015 - 2026 ($Million)
8.8.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 9. LATIN AMERICA SMART TRANSPORTATION MARKET BY COUNTRY
9.1. Latin America Smart Transportation Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Latin America Smart Transportation Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Transportation Mode, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Transportation Mode, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Transportation Mode, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 10. MIDDLE EAST & AFRICA SMART TRANSPORTATION MARKET BY COUNTRY
10.1. Middle East & Africa Smart Transportation Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Middle East & Africa Smart Transportation Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. GCC
10.3.1. Market Revenue and Forecast By Transportation Mode, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4. South Africa
10.4.1. Market Revenue and Forecast By Transportation Mode, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5. Rest of Middle East & Africa
10.5.1. Market Revenue and Forecast By Transportation Mode, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 11. COMPANY PROFILE
11.1. Accenture PLC
11.1.1. Company Snapshot
11.1.2. Overview
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. Key Developments
11.1.6. Strategies
11.2. Advanced Navigation Positioning Corporation
11.2.1. Company Snapshot
11.2.2. Overview
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. Key Developments
11.2.6. Strategies
11.3. BASS Software
11.3.1. Company Snapshot
11.3.2. Overview
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. Key Developments
11.3.6. Strategies
11.4. Cisco Systems
11.4.1. Company Snapshot
11.4.2. Overview
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. Key Developments
11.4.6. Strategies
11.5. Cubic Corporation
11.5.1. Company Snapshot
11.5.2. Overview
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. Key Developments
11.5.6. Strategies
11.6. Huawei
11.6.1. Company Snapshot
11.6.2. Overview
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. Key Developments
11.6.6. Strategies
11.7. General Electric Company
11.7.1. Company Snapshot
11.7.2. Overview
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. Key Developments
11.7.6. Strategies
11.8. IBM Corporation, Inc.
11.8.1. Company Snapshot
11.8.2. Overview
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. Key Developments
11.8.6. Strategies
11.9. Siemens AG
11.9.1. Company Snapshot
11.9.2. Overview
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. Key Developments
11.9.6. Strategies
11.10. Thales Group
11.10.1. Company Snapshot
11.10.2. Overview
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. Key Developments
11.10.6. Strategies
11.11. Toshiba
11.11.1. Company Snapshot
11.11.2. Overview
11.11.3. Financial Overview
11.11.4. Product Portfolio
11.11.5. Key Developments
11.11.6. Strategies
11.12. Veson Nautical
11.12.1. Company Snapshot
11.12.2. Overview
11.12.3. Financial Overview
11.12.4. Product Portfolio
11.12.5. Key Developments
11.12.6. Strategies
11.13. WS Atkins
11.13.1. Company Snapshot
11.13.2. Overview
11.13.3. Financial Overview
11.13.4. Product Portfolio
11.13.5. Key Developments
11.13.6. Strategies
11.14. Others
11.14.1. Company Snapshot
11.14.2. Overview
11.14.3. Financial Overview
11.14.4. Product Portfolio
11.14.5. Key Developments
11.14.6. Strategies
CHAPTER 12. RESEARCH APPROACH
12.1. Research Methodology
12.1.1. Initial Data Search
12.1.2. Secondary Research
12.1.3. Primary Research
12.2. Assumptions and Scope
