This report analyzes technology offerings across various transportation modes, focusing on roadway, airway, railway and maritime systems. Each transportation mode focuses on various smart transportation solutions and essential services, which include consulting, deployment, integration, and maintenance. These factors are critical for the successful implementation of these technologies, thus the report also analyzes them.
Global Smart Transportation Market
Global Smart Transportation Market
Dublin, Jan. 27, 2025 (GLOBE NEWSWIRE) — The “Smart Transportation: Technologies and Markets” report has been added to ResearchAndMarkets.com’s offering.
The Global Smart Transportation Market was valued at USD 181.7 Billion in 2024, and is expected to reach USD 484.5 Billion by 2029, rising at a CAGR of 21.70%
ITS offers real-time information about traffic and public transportation conditions to reduce the travel time and make the travel easier, safer, and smarter. Smart transportation is highly needed as it can broadly influence almost every aspect of the smart city’s operation on daily basis. For instance, trip route planning is helpful, particularly in large, crowded cities. Trip planning applications and service providers afford route recommendations based on relatively shorter paths and traffic congestion.
The study analyzes the drivers and dynamics of the smart transportation market, along with current industry trends. The report concludes by providing profiles of the market’s major vendors. The base year for the study is 2023, with projections for the years 2024 through 2029, including forecasts of compound annual growth rates (CAGR) for the forecast period.
This report analyzes technology offerings across various transportation modes, focusing on roadway, airway, railway and maritime systems. Each transportation mode focuses on various smart transportation solutions and essential services, which include consulting, deployment, integration, and maintenance. These factors are critical for the successful implementation of these technologies, thus the report also analyzes them.
The roadway mode’s key offerings include traffic management systems, vehicle telematics, passenger information solutions, smart ticketing and parking management. The railway mode’s key offerings include employing technologies such as rail traffic management systems and passenger information systems to improve services. The airway mode’s key offerings include air traffic management, passenger information systems, freight information and smart ticketing.
The maritime mode’s key offerings include maritime software, port operations management and vessel tracking. This study analyzes these offerings, all of which are essential to each transportation mode’s successful implementation and function.
Most smart city projects include the following key ITS applications:
Advanced Traffic Management System (ATMS): To help control traffic and improve efficiency ATMS can: adjust traffic lights and other signals in real-time; dynamically adjust rates on toll roads; provide traffic information.
Advanced Vehicle Control and Safety System (AVCSS): To promote safe driving, AVCSS can: automatically control a vehicle, preventing or minimizing human driving errors, help drivers avoid or quickly react to hazardous conditions, provide cruise control, lane-keeping, and parking assistance.
Advanced Public Transportation System (APTS): To improve the safety of public transportation riders APTS uses: real-time passenger information systems, automatic vehicle location systems, bus arrival notification systems, systems providing priority to buses at intersections.
Commercial Vehicle Operation (CVO): CVO is used for automatic vehicle monitoring specifically for commercial vehicles such as buses, ambulances, trucks, and taxis. Apart from monitoring other functions of CVO includes fright administration, commercial vehicle administrative process, Weigh-In-Motion (WIM), roadside CVO safety, on-board safety monitoring, hazardous material planning, and incident response.
Report Includes
53 data tables and 43 additional tables
An overview of the global market for smart transportation technologies
Analyses of the global market trends, with sales data for 2023, estimates for 2024, forecasts for 2025, 2027, and projections of compound annual growth rates (CAGRs) through 2029
Evaluation and forecast the market size for smart transportation technologies based on transportation mode, and geographical region
Identification of new opportunities, challenges, and technological hurdles within smart transportation applications
Detailed analysis of the current market trends, market forecast, and discussion of technological and regulatory elements that are affecting the future marketplace for smart transportation
A discussion on ESG challenges and practices of the industry
Key merger and acquisition deals, partnerships, collaborations and joint ventures as well as other strategic alliances within the industry
Profiles of the leading global players, including Huawei Technologies Co. Ltd., IBM, Intel Corp., Siemens and Cisco Systems Inc.
Companies Featured
Key Attributes:
Report Attribute
Details
No. of Pages
159
Forecast Period
2024 – 2029
Estimated Market Value (USD) in 2024
$181.7 Billion
Forecasted Market Value (USD) by 2029
$484.5 Billion
Compound Annual Growth Rate
21.7%
Regions Covered
Global
Key Topics Covered:
Chapter 1 Executive Summary
Chapter 2 Market Overview
Overview
Future Outlook
Value Chain Analysis
Porter’s Five Forces Analysis
Bargaining Power of Suppliers
Bargaining Power of Consumers
Threat of New Entrants
Level of Competitiveness
Availability of Substitutes
Use Cases
Chapter 3 Market Dynamics
Overview
Market Drivers
Growing Need for Cost Efficiency in Transportation
Urbanization and Transportation Challenges in Expanding Cities
Increased Focus on Road Safety and Security
Market Restraints
High Initial Costs and Funding Constraints
Complex Integration with Legacy Infrastructure
Regulatory and Compliance Issues
Market Opportunities
Enhancing Urban Mobility
Growing Demand for Eco-Friendly Transportation Solutions
Rise of Mobility-as-a-Service (MaaS)
Chapter 4 Regulatory Landscape
Chapter 5 Emerging Technologies and Applications
Overview
Technology Outlook
Internet of Things
Artificial Intelligence and Machine Learning
Big Data Analytics
5G Connectivity
Advanced Driver-Assistance Systems
Electric Mobility
Connected Vehicle Technologies
Emerging Technologies in Smart Transportation
Autonomous Vehicles
Connected Infrastructure
EV Ecosystem and Charging Infrastructure
Digital Twins
Blockchain
Smart Transportation Applicational Areas
Mobility-as-a-Service (MaaS)
Real-Time Tracking and Monitoring
Predictive Maintenance
Smart Ticketing and Passenger Information Systems
Fleet/Freight Management Systems
Dynamic Route Optimization
V2X Communication
Other Applications
Chapter 6 Market Segmentation Analysis
Segmentation Breakdown
Market Breakdown by Transportation Mode
Market Breakdown by Roadway Offerings
Roadway Solutions
Roadway Services
Market Breakdown by Airway Offerings
Airway Solutions
Airway Services
Market Breakdown by Railway Offerings
Railway Solutions
Railway Services
Market Breakdown by Maritime Offerings
Maritime Solutions
Maritime Services
Geographic Breakdown
Market Breakdown by Region
Chapter 7 Competitive Landscape
Overview
Market Ecosystem Analysis
Municipal Governments and Transportation Authorities
Technology Providers
Automotive Manufacturers
Mobility Service Operators
Infrastructure Developers and Operators
Consumers
Market Share Analysis: Key Companies
Smart Transportation Market Offerings, by Key Players
Strategic Analysis
Recent Developments
Chapter 8 Environmental, Social and Governance (ESG) Perspective
Chapter 9 Appendix
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