Increasing demand for smart transport and smart cities, as well as traffic management systems, ticket management systems, security surveillance systems, and cloud services, are major contributing factors. In addition, government investments in the emerging notion of smart cities have a substantial impact on the Smart Transportation Market.
Smart Transportation Market Overview:
Maximize Market Research, a well-known market intelligence agency, recently published a report outlining potential development prospects for suppliers in the Smart Transportation Market through 2029. This comprehensive study examines the Smart Transportation Market’s growth drivers, important restrictions, impending difficulties, and present opportunities. Furthermore, the study includes a list of significant players and their business strategies, providing valuable insights to industry stakeholders.
Smart Transportation Market Size was valued at USD 115.59 Billion in 2022, and is expected to reach USD 234.01 Billion by 2029, exhibiting a CAGR of 10.6% during the forecast period (2023-2029).
Smart Transportation Market Report Scope and Research Methodology:
The report thoroughly investigates the Smart Transportation Market industry, including current trends in each sub-segment, revenue growth at the local, regional, and national levels, and a vast collection of qualitative and quantitative data. The emphasis is on evaluating trends and key information pertaining to the competitive situation of the Smart Transportation market. It also includes a thorough study of Smart Transportation market dynamics, including drivers, restraints, opportunities, and problems at both the regional and segment levels. As a result, it is a valuable resource for investors.
This research is based on a mix of primary and secondary data gathered through thorough research. The analysis includes a look at government regulations, the market environment, historical data, the competitive landscape, current market trends, technical advancement, technological innovation, and upcoming technologies. To estimate the size of the Smart Transportation market, the bottom-up approach was used. Porter's five forces research explains how providers and customers form buyer and supplier networks in order to make profit-driven decisions. The PESTLE analysis helps to comprehend the Smart Transportation market from a variety of viewpoints, including political, economic, social, technical, environmental, and legal factors.
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Smart Transportation Market Segmentation:
by Transportation Mode
1. Roadways
2. Railways
3. Airways
4. Maritime
by Application
1. Shared mobility
2. Route information and route guidance
3. Transit hubs
4. Autonomous/driverless vehicles
5. Video management
6. Others
by Solution
1. Ticketing Management System
2. Parking Management & Guidance System
3. Integrated Supervision System
4. Traffic Management System
by Service
1. Business
2. Professional
3. Cloud Services
Key Players:
The analysis examines the industry’s main market participants, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key participants in the Smart Transportation Market are as follows:
1. Thales
2. Huawei
3. Siemens
4. IBM
5. Cisco Systems
6. SAP
7. Cubic
8. ALSTOM
9. Bombardier
10. Toshiba
11. Harris
12. Saab
13. Veson Nautical
14. Advanced Navigation Positioning Corporation (ANPC)
15. BASS Software
16. BENTLEY SYSTEMS
17. Indra Sistemas
18. Trimble
19. TomTom
20. Amadeus
21. Conduent
22. Kapsch
23. Hitachi
24. The Descartes Systems
25. Accenture
26. Rockwell Collins
27. DNV GL
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Regional Analysis:
Key Questions answered in the Smart Transportation Market Report are:
What is the expected Smart Transportation Market size in 2029?
How the major segments of the global Smart Transportation Market are expected to develop during the forecast period?
Who are the top suppliers and producers in the Smart Transportation Market industry?
What is the expected Smart Transportation Market size by the end of the forecast period?
Which regional market held the largest Smart Transportation Market share in 2022?
Who are the key players in the Smart Transportation Market industry?
What are the Smart Transportation Market segments?
Which Smart Transportation Market segment is expected to grow at a high rate during the forecast period?
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by Application, Technology, Type, End-User and Region
Competitive Landscape – Profiles of selected key players by region in a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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