Smart Transportation Market Introduction:

The global smart transportation market is projected to value over US$ 148  billion by the end of 2027 and record a CAGR of over 14% during the forecast period of 2020-2027. 

A mounting amount of on-road vehicles and weak current transport infrastructure are anticipated to drive the demand for effective transportation management solutions. Increasing investments in smart cities and positive government initiatives for creating an advanced infrastructure and seamless running of current transport systems are foreseen to encourage smart transportation market growth. Furthermore, increasing government initiatives on lessening greenhouse gas emissions and controlling disturbing levels of traffic obstruction are predicted to boost market growth in the coming years. 

The need for huge expenses to replace current infrastructure with intelligent and advanced transportation systems is anticipated to hamper the market growth. Longer time taken to replace the current transport infrastructure, extensive database requirement of the road network, are also considered as challenges. 

Market Highlights: 

  • Airport segment is poised to register the highest CAGR owing to factors such as expanding infrastructure, rising demand for air transportation, developed technologies and digitalisation.
  • Growing adoption of new technologies, increasing smart city initiatives in countries such as Singapore, Hong Kong, China, Australia, and India, growth in the transportation industry are major factors to drive market growth in APAC at the soaring rate 

Key Market Players are:

Cisco System, International Business Machine (IBM) Corporation, Accenture PLC, Cubic Corporation, Kapsch, General Electric Company (GE), Siemens, Indra Sistemas and others. 

Smart Transportation Market Segmentation: 
By Transportation Mode 

  •  Airways
  •  Maritime
  •  Railways
  •  Roadways

By Solution 

  • Traffic Management System 
  • Parking Management System
  • Ticketing Management System
  • Integrated Supervision System

By Application

  • Shared Mobility 
  • Public Transport 
  • Autonomous/Driverless Vehicles 
  • Route Information and Route Guidance 
  • Transit Hubs 
  • Video Management 
  • Others 

By Region:

  • Europe
  • North America 
  • APAC 
  • Latin America
  • Rest of World

Competitive Landscape: 

  • Tier 1 players- established companies in the market with a major market share 
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants  

FutureWise Takeaways: 

  • Growth prospects 
  • SWOT analysis
  • Key trends
  • Key data points affecting market growth 

Objectives of the Study:

  • To provide an exhaustive analysis on the Market by Transportation Mode, by Solution, by Application, and by Region
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market 
  • To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East.
  •  To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
  • Profiling of companies to evaluate their market shares, strategies, financials and core competencies 


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What you get

  • Excel Dataset

  • Infographics

  • PDF Report

  • Market Overview

  • PowerPoint Presentation

What's included

  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics