The Global Smart Transportation Market Size is estimated to expand rapidly in coming years, at a CAGR of 14.59 % from 2018 to 2025. In 2017, the global market valuation was USD 56.5 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Smart transportation term refers to the management strategies in transportation and makes smarter use of transport networks. According to the research and analytics, Europe is expected to hold the largest share in the market of smart transportation. Growing urbanization is one of the main reason behind rapid growth of smart transportation market. Moreover, demand of efficient transportation amongst consumers is anticipated to boost the market in forecast period. Growth of logistics and transportation sector is also one of the reason growing market of smart transportation. The smart transportation market growth is driven by its time and fuel saving property. Smart transportation techniques allows user to be more coordinated, safe while travelling and traffic management.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global smart transportation market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global optical character recognition market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Transportation Type Insights: On the basis of transportation type, global smart transportation market has been segmented into roadway, railway, airway and marine. Among transportation modes, the airways segment is expected to grow at the highest rate during forecast period due to adoption of advanced technologies and services and high investment plans of government and private organization in the airway industry.

By Solution Insights: On the basis of solution, global smart transportation market has been segmented into ticketing management, parking and guidance market, traffic management. According to market research, ticketing management segment is expected to grow at higher CAGR in forecast period.

Regional Analysis

The global smart transportation market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Europe is anticipated to dominate the global smart transportation market over the projected period majorly owing to increasing urbanization and highly cost-effective business strategies. European government has introduced advanced parking management system which will help people to find parking spots quickly and is expected to boost the market in forecast period. North America is expected to witness high growth in upcoming time span due to high demand in health care sector and increasing awareness amongst consumers. Technical advancements is also one of the reason behind market uplifting. The governments of United States of America has promoted smart city program which will boost smart transportation market.

Global Smart Transportation Market Size, Share Analysis By Region 2017

In terms of region Asia Pacific region is expected to witness high growth in the market in upcoming forecast owing to increasing improvement in the information technology and artificial intelligence to efficiently manage and control the transportation. Rise in the traffic congestion and increasing number of vehicles further will boost the growth of smart transportation. Latin America and the Middle East & Africa region are technologically advanced countries and are expected to witness rapid growth during the forecast period.

Global Smart Transportation Market Study Objective

1. To forecast the market size of global smart transportation market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of global smart transportation market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of global smart transportation market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of global smart transportation market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the global smart transportation market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Cubic Corporation, Thales S.A., Kapsch AG, Accenture Plc, Siemens, IBM, Cisco Systems, GE Transportation, Xerox Corporation, Alstom SA Indra Sistema S.A., Iteris Inc., TomTom NV are some of the key players in the market of smart transportation.

Global Smart Transportation Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.