Dublin, Jan. 27, 2025 (GLOBE NEWSWIRE) — The “Smart Transportation: Technologies and Markets” report has been added to ResearchAndMarkets.com’s offering.
The Global Smart Transportation Market was valued at USD 181.7 Billion in 2024, and is expected to reach USD 484.5 Billion by 2029, rising at a CAGR of 21.70%
ITS offers real-time information about traffic and public transportation conditions to reduce the travel time and make the travel easier, safer, and smarter. Smart transportation is highly needed as it can broadly influence almost every aspect of the smart city’s operation on daily basis. For instance, trip route planning is helpful, particularly in large, crowded cities. Trip planning applications and service providers afford route recommendations based on relatively shorter paths and traffic congestion.
The study analyzes the drivers and dynamics of the smart transportation market, along with current industry trends. The report concludes by providing profiles of the market’s major vendors. The base year for the study is 2023, with projections for the years 2024 through 2029, including forecasts of compound annual growth rates (CAGR) for the forecast period.
This report analyzes technology offerings across various transportation modes, focusing on roadway, airway, railway and maritime systems. Each transportation mode focuses on various smart transportation solutions and essential services, which include consulting, deployment, integration, and maintenance. These factors are critical for the successful implementation of these technologies, thus the report also analyzes them.
The roadway mode’s key offerings include traffic management systems, vehicle telematics, passenger information solutions, smart ticketing and parking management. The railway mode’s key offerings include employing technologies such as rail traffic management systems and passenger information systems to improve services. The airway mode’s key offerings include air traffic management, passenger information systems, freight information and smart ticketing.
The maritime mode’s key offerings include maritime software, port operations management and vessel tracking. This study analyzes these offerings, all of which are essential to each transportation mode’s successful implementation and function.
Most smart city projects include the following key ITS applications:
- Advanced Traffic Management System (ATMS): To help control traffic and improve efficiency ATMS can: adjust traffic lights and other signals in real-time; dynamically adjust rates on toll roads; provide traffic information.
- Advanced Vehicle Control and Safety System (AVCSS): To promote safe driving, AVCSS can: automatically control a vehicle, preventing or minimizing human driving errors, help drivers avoid or quickly react to hazardous conditions, provide cruise control, lane-keeping, and parking assistance.
- Advanced Public Transportation System (APTS): To improve the safety of public transportation riders APTS uses: real-time passenger information systems, automatic vehicle location systems, bus arrival notification systems, systems providing priority to buses at intersections.
- Commercial Vehicle Operation (CVO): CVO is used for automatic vehicle monitoring specifically for commercial vehicles such as buses, ambulances, trucks, and taxis. Apart from monitoring other functions of CVO includes fright administration, commercial vehicle administrative process, Weigh-In-Motion (WIM), roadside CVO safety, on-board safety monitoring, hazardous material planning, and incident response.
Report Includes
- 53 data tables and 43 additional tables
- An overview of the global market for smart transportation technologies
- Analyses of the global market trends, with sales data for 2023, estimates for 2024, forecasts for 2025, 2027, and projections of compound annual growth rates (CAGRs) through 2029
- Evaluation and forecast the market size for smart transportation technologies based on transportation mode, and geographical region
- Identification of new opportunities, challenges, and technological hurdles within smart transportation applications
- Detailed analysis of the current market trends, market forecast, and discussion of technological and regulatory elements that are affecting the future marketplace for smart transportation
- A discussion on ESG challenges and practices of the industry
- Key merger and acquisition deals, partnerships, collaborations and joint ventures as well as other strategic alliances within the industry
- Profiles of the leading global players, including Huawei Technologies Co. Ltd., IBM, Intel Corp., Siemens and Cisco Systems Inc.
Companies Featured
- Aarav Solutions
- Advantech Co., Ltd.
- Allied Telesis Holdings
- Alstom SA
- Atos SE
- Axiomtek Co., Ltd.
- Cisco Systems, Inc.
- Conduent, Inc.
- Hexagon AB
- Hitachi, Ltd.
- Huawei Technologies Co., Ltd.
- IBM Corp.
- IEI Integration Corp.
- Intel Corp.
- NEC Corp.
- SAP SE
- Siemens
- Thales
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 159 |
| Forecast Period | 2024 – 2029 |
| Estimated Market Value (USD) in 2024 | $181.7 Billion |
| Forecasted Market Value (USD) by 2029 | $484.5 Billion |
| Compound Annual Growth Rate | 21.7% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Executive Summary
- Market Outlook
- Scope of the Report
- Market Summary
- Market Dynamics and Growth Factors
- Emerging Technologies
- Segmental Analysis
- Regional Analysis
- Conclusion
Chapter 2 Market Overview
- Overview
- Future Outlook
- Value Chain Analysis
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Consumers
- Threat of New Entrants
- Level of Competitiveness
- Availability of Substitutes
- Use Cases
Chapter 3 Market Dynamics
- Overview
- Market Drivers
- Growing Need for Cost Efficiency in Transportation
- Urbanization and Transportation Challenges in Expanding Cities
- Increased Focus on Road Safety and Security
- Market Restraints
- High Initial Costs and Funding Constraints
- Complex Integration with Legacy Infrastructure
- Regulatory and Compliance Issues
- Market Opportunities
- Enhancing Urban Mobility
- Growing Demand for Eco-Friendly Transportation Solutions
- Rise of Mobility-as-a-Service (MaaS)
Chapter 4 Regulatory Landscape
- Overview
- Regulatory Framework by Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Chapter 5 Emerging Technologies and Applications
- Overview
- Technology Outlook
- Internet of Things
- Artificial Intelligence and Machine Learning
- Big Data Analytics
- 5G Connectivity
- Advanced Driver-Assistance Systems
- Electric Mobility
- Connected Vehicle Technologies
- Emerging Technologies in Smart Transportation
- Autonomous Vehicles
- Connected Infrastructure
- EV Ecosystem and Charging Infrastructure
- Digital Twins
- Blockchain
- Smart Transportation Applicational Areas
- Mobility-as-a-Service (MaaS)
- Real-Time Tracking and Monitoring
- Predictive Maintenance
- Smart Ticketing and Passenger Information Systems
- Fleet/Freight Management Systems
- Dynamic Route Optimization
- V2X Communication
- Other Applications
Chapter 6 Market Segmentation Analysis
- Segmentation Breakdown
- Market Breakdown by Transportation Mode
- Market Breakdown by Roadway Offerings
- Roadway Solutions
- Roadway Services
- Market Breakdown by Airway Offerings
- Airway Solutions
- Airway Services
- Market Breakdown by Railway Offerings
- Railway Solutions
- Railway Services
- Market Breakdown by Maritime Offerings
- Maritime Solutions
- Maritime Services
- Geographic Breakdown
- Market Breakdown by Region
Chapter 7 Competitive Landscape
- Overview
- Market Ecosystem Analysis
- Municipal Governments and Transportation Authorities
- Technology Providers
- Automotive Manufacturers
- Mobility Service Operators
- Infrastructure Developers and Operators
- Consumers
- Market Share Analysis: Key Companies
- Smart Transportation Market Offerings, by Key Players
- Strategic Analysis
- Recent Developments
Chapter 8 Environmental, Social and Governance (ESG) Perspective
- Overview
- Environmental Impacts
- Social Impacts
- Governance Impacts
- Status of ESG in the Smart Transportation Industry
- Concluding Remarks
Chapter 9 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/9bzqm3
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- Global Smart Transportation Market
