Smart Transportation Market Survey Report 2020 Along With Statistics, Forecasts Till 2025

Related imageSmart transportation is considered as the vertical application of IoT capabilities, and therfore refers to the integrated application of modern technologies and management strategies in the transportation systems. These technologies are aimed at providing innovative services related to different modes of transport and traffic management. It enables the users to be better informed and make safer and better use of transport networks.

Global Smart Transportation Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-

Cisco Systems Inc., SAP SE, IBM Corporation, AVEVA Group plc, Siemens Corporation, Oracle Corporation, AGT International, Advantech Co., Ltd., Orange Business Services, ERTICO-ITS, Hitachi Inc.

Market Overview-

The smart transportation market is expected to reach USD 262.1billion by 2025, at a CAGR of 18.68% over the forecast period.

The ever-increasing population of the world is leading to rapid urbanization leading to many problems, such as congestion and safety issues on the road. The need for sustainable solutions to counter these problems is gaining importance across the world. The emergence of cloud-based technologies and advances in Vehicle-to-Vehicle (V2V) and Vehicle-to-Grid infrastructure (V2I) are making smart transportation a reality.

– As the global population continues to grow, an increasing number of cities are experiencing the challenges of accommodating its residents as well as the visitors. Congested roadways to increased emissions, these issues impact the health and well-being of its residents.
– Government regulations and initiatives are the most important drivers for the growth and development of the intelligent transportation system market. With growing road safety concerns and increasing auto thefts, governments across the world, especially in the US, Europe, Russia, China, and Brazil, are mandating the installation of factory-fitted telematics and safety devices in vehicles.
– Smart transportation IoT solutions augmented with smart city solutions enable government organizations and their partners to create safer, efficient transport infrastructure in cities by improving community resources and transportation for everyone. IoT solutions for smart transportation offers real-time visibility and accurate data, allowing the concerned city transport authorities and the organizations to improve efficiency while creating smarter, greener cities for its dwellers.

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Market segment by Regions/Countries, this report covers
North America (U.S., Canada, Mexico)
Global (Germany, UK, France, Rest of Global)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America)
Middle East & Africa

Key Market Trends

Rise in Urbanization, Increasing Mega Cities and Population

– More than half the worlds urban population resides in Asia where some countries, like India and China, already have about a billion people living in the cities alone. The other regions with relatively high urban population are North America, Europe, and Africa.
– The growing urbanization is an indication of the rising complexities in the cities across the globe with transportation requirements being one of those issues. Resolving these complexities is one of the major challenges faced by the transportation market across these regions.
– Technological innovations have brought about a major change in the way everything operates. The Internet of Things has made developing connected networks feasible in almost all major functioning sectors today. Integration of this transportation system has resolved most of the transportation-related complexities. The rising growth rate of megacities worldwide and multiple innovations taking place in the field of technology are expected to open up a number of opportunities.

Europe Holds the Largest Share Owing to Government Support

– It is expected that approximately 233 million connected cars would be on the road by 2020, globally, and Europe is holds the majority of the percentage in the production of connected cars during the forecast period. The connected cars market is expected to increase by four times in 2020 compared to the current market state. These connected technologies in the automotive sector might boost the smart solutions market in the transportation sector.
– Moreover, urban transportation is becoming an important pillar for a better quality of life of citizens in a city. Currently, in most of the cities in Europe, private and public road transportations are the vital mode of commuting. However, the lack of safety and the quality of the public transportation as well as the poor traffic management in overcrowded road network, the rise of theft, increase in parking issues, etc., are boosting the market for smart highways which, in turn, is boosting the market growth in the region.

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Recent Updates-

– April 2019- Cisco and Dimension Data announced a new co-innovation agreement, to develop a deeper collaboration environment and framework to jointly solve clients business needs.

– March 2019 Siemens.upgraded its smart transportation product portfolio. The new eHighway system, according to the company, is twice as efficient as conventional internal combustion engines. This Siemens Mobility innovation supplies trucks with power from an overhead contact line.

Major points covered in this research are:-

─Smart Transportation Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2025), Competition by Manufacturers

─Global Market Size (Value) of Smart Transportation (2020-2025)

─Global Smart Transportation Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2025)

─Global Smart Transportation Production, Revenue (Value), Price Trend by Type

─Global Smart Transportation Market Analysis by Application

─Global Smart Transportation Manufacturers Profiles/Analysis

─Smart Transportation Manufacturing Cost Analysis

─Industrial Chain, Sourcing Strategy and Downstream Buyers

─Marketing Strategy Analysis, Distributors/Traders

─Market Effect Factors Analysis

─Global Smart Transportation Market Forecast (2020-2025)

─Competitive Landscape

─Research Findings and Conclusion

Finally, this Smart Transportation report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Smart Transportation product development and gives an outline of the potential Global market.

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