Smart Transport Systems Market 2022 Size, Scope and Outlook | Cisco Systems, ZTE, Microsoft

Smart Transport Systems

Global And United States Smart Transport Systems Market Report & Forecast 2022-2028

The Global Smart Transport Systems Market report focuses on a comprehensive analysis of the current and future scope of the Smart Transport Systems business. An in-depth analysis of historical and future trends, SWOT analysis, demographics, industrial advances, and overall earnings for the Smart Transport Systems market has been presented to analyses the growth rate of each segment and sub-segment. The report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and risk analysis capability across different countries.

The Smart Transport Systems Market is expected to reach at a CAGR of 3.2 %.

(Exclusive offer Flat 30%- Use code MIR 30):

Get a free Sample of Smart Transport Systems market report:

https://www.marketinsightsreports.com/reports/03216265937/global-smart-transport-systems-market-insights-forecast-to-2028/inquiry?mode=238

The Key Market Players:

Cisco Systems, ZTE, Microsoft, Intel, Oracle, Siemens AG, Thales Group, IBM, Garmin, Addco, TomTom NV, Cubic Corporation, FLIR Systems, Lanner Electronics, Denso

Recent Developments:

In September 2021, Siemens signed a contract with the National Authority for Tunnels (NAT) to deliver a comprehensive rail system that will feature the first-ever high-speed, electrified main, and freight rail line transforming Egypt’s transportation. Siemens Mobility will provide its comprehensive turnkey services to design, install, commission, and maintain the systems for 15 years. The total contract value is approximately USD 4.5 billion, of which Siemens Mobility’s share is around USD 3 billion.

In July 2021, Siemens Intelligent Traffic Systems (ITS), a subsidiary of Siemens Mobility, has launched its new brand Yunex Traffic. It will strategically leverage its market-leading position in offering innovative, smart, and comprehensive mobility solutions.

In June 2021, Kapsch TrafficCom announced that it had received a project from Plenary Infrastructure Group (Australia) to install a new toll collection system at the Louisiana Highway (LA-1) for the Louisiana Department of Transportation and Development (LADOTD). The project is an amendment to Kapsch’s existing contract with Plenary, where Kapsch is providing an end-to-end all-electronic tolling system and related maintenance services for a major bridge and tunnel replacement in Belle Chasse, Louisiana.

In May 2021, Omaha Metro Transit (US) has awarded Cubic Transportation Systems (CTS) a multi-year contract to deliver its Umo Pass solution. Umo Pass will empower Omaha Metro Transit riders to seamlessly plan and pay for transit journeys through a single fare payment system.

Segmentation of Smart Transport Systems market on the basis of Product Type:

Advanced Traffic Management Systems (ATMS)

Advanced Transportation Pricing System (ATPS)

Advanced Traveler Information System (ATIS)

Advanced Public Transportation System (APTS)

Other

Segmentation of Smart Transport Systems market on the basis of Application:

Roadways

Railways

Airways

Geographical Analysis:

By region, the market has been segmented into Europe, North America, Latin America, Asia-Pacific, the Middle East, and the Rest of the World.  Asia-Pacific region currently dominates the global market, and is expected to have the significant contribution in this market over the forecast period. China is second leading the market in this region owing to funding by the Chinese government to implement the ITS in the country. South Korea is the leading country with the most considerable financing in this region for ITS deployment.  Europe is expected to show significant growth in the market over the forecast period. The U.K. is a leader attributed to a substantial deployment of ITS in the country for public transportation. Also, other European countries also contributing towards development of this market.

Key Reasons to Purchase Smart Transport Systems Market Report:

-The report analysis by geography highlights the consumption of the product/service within the region also indicating the factors that are affecting the market within each region.

-The report provides opportunities and threats faced by the vendors in the global Smart Transport Systems Industry.

-The report indicates the region and segment that’s expected to witness the fastest growth.

-The competitive landscape includes the market ranking of the main players, along with new product launches, partnerships, business expansions, and acquisitions.

-The report provides extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the main market players.

-The report gives the present as well as the future market outlook of the industry regarding recent developments, growth opportunities, drivers, challenges, and restraints of both emerging also as developed regions.

Explore full report:

https://www.marketinsightsreports.com/reports/03216265937/global-smart-transport-systems-market-insights-forecast-to-2028?mode=238

Major highlights from Table of Contents Smart Transport Systems Market Study Coverage:

– Smart Transport Systems Overview, Definition and Classification Market drivers and barriers

– Smart Transport Systems Market Competition by Manufacturers

– Smart Transport Systems Capacity, Production, Revenue (Value) by region (2022-2028)

– Supply (Production), Consumption, Export, Import by Region (2022-2028)

– Production, Revenue (Value), Price Trend by Type

– Market Analysis by Application {Sales Terminal and Market Analysis, Analysis of User

– Smart Transport Systems Manufacturers Profiles/Analysis, Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing

– Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Effect Factors Analysis.

Conclusion:

At the end of Smart Transport Systems Market report, all the findings and estimation are given. It also includes major drivers, and opportunities along with regional analysis. Segment analysis is also providing in terms of type and application both.

In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met. You can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Asia.

Thank you for taking the time to read our article…!!

Contact us:

Irfan Tamboli (Director of Sales) – Market Insights Reports

Phone: +1704 266 3234 | +91-750-707-8687

sales@marketinsightreports.com | irfan@marketinsightsreports.com

 

Leave a Reply

Your email address will not be published. Required fields are marked *