Market Overview:
The global smart transportation solution market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart transportation solutions across different applications, such as airways, roadways, and railways. Additionally, the growing need for efficient traffic management and parking management is also contributing to the growth of this market.
Product Definition:
A smart transportation solution is a system that uses technology to make transportation more efficient, effective, and safe. Smart transportation solutions can include things like traffic management systems, intelligent transport systems, and smart parking solutions. These systems can help reduce traffic congestion, improve safety, and make it easier for people to get around town.
Parking Management:
Parking management is a service that helps in efficient utilization of parking spaces. It also helps in reducing traffic congestion, environmental pollution, and loss of space. The solution includes features such as time- limitation for loading and unloading, real-time vehicle location system (VLS), ticketing & validation systems among others. These solutions are used by transportation agencies to efficiently manage on-street as well as off-street parking spaces across various cities globally including New York, Chicago among others.
Smart Ticketing:
Smart ticketing is a digital ticketing system which includes an electronic medium or mobile application used for travel purposes. It helps in enhancing customer experience by providing various benefits such as flexibility, ease of use and cost-effectiveness. The growing adoption of smart cards and e-tickets across the globe is expected to drive the global market growth over the forecast period.
Application Insights:
The roadways application segment accounted for the largest revenue share of over 60% in 2017. The increasing number of smart city projects and initiatives is expected to drive the growth of the segment over the forecast period. For instance, Transport for London¢â‚¬â„¢s Road Management System which comprises Intelligent Transportation Systems such as video management, traffic signal control, and parking management systems has been implemented to improve traffic flow and enhance safety on roads in London. Such initiatives are expected to increase passenger travel choices resulting in a higher demand for transportation solutions on roads leading to an increased market penetration.
Regional Analysis:
The North American regional market dominated the global smart transportation solution industry in 2016 and accounted for over 35% of the total revenue share. The growth can be attributed to increasing investments in infrastructure development, growing adoption of mobile ticketing systems, and technological advancements such as real-time information exchange between vehicles and stations. Moreover, presence of prominent players with extensive product portfolios is further expected to drive demand over the forecast period.
The Asia Pacific regional market is anticipated to witness significant growth during the forecast period owing to increasing government initiatives for developing smart cities across countries such as China, India, Singapore among others. In addition these factors are expected to drive demand for advanced solutions across this region during the forecast period from 2018 - 2030 ending on a high note with a CAGR exceeding 6%.
Growth Factors:
- Increasing demand for smart transportation solutions from the logistics and transportation sector to improve operational efficiency.
- Proliferation of smartphones and other connected devices, along with the development of innovative mobile apps, is driving demand for smart transportation solutions.
- The increasing adoption of electric vehicles is expected to boost the market for smart transportation solutions in the coming years.
- Rising concerns over environmental pollution and traffic congestion are propelling governments and private organizations to invest in smart transportation solutions worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Transportation Solution Market Research Report
By Type
Parking Management, Smart Ticketing, Traffic Management, Passenger information management system, Freight Information System
By Application
Airways, Roadways, Railways
By Companies
IBM, DiDi, IEI, F6S, VIA Technologies, Inc., Intel, LILEE Systems, Uma Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Smart Transportation Solution Market Report Segments:
The global Smart Transportation Solution market is segmented on the basis of:
Types
Parking Management, Smart Ticketing, Traffic Management, Passenger information management system, Freight Information System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Airways, Roadways, Railways
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- DiDi
- IEI
- F6S
- VIA Technologies, Inc.
- Intel
- LILEE Systems
- Uma Technologies
Highlights of The Smart Transportation Solution Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Parking Management
- Smart Ticketing
- Traffic Management
- Passenger information management system
- Freight Information System
- By Application:
- Airways
- Roadways
- Railways
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Transportation Solution Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Smart Transportation Solution is a technology-based solution that helps manage transportation systems and optimize routes. It can help reduce traffic congestion, improve air quality, and save time.
Some of the key players operating in the smart transportation solution market are IBM, DiDi, IEI, F6S, VIA Technologies, Inc., Intel, LILEE Systems, Uma Technologies.
The smart transportation solution market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Transportation Solution Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Transportation Solution Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Transportation Solution Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Transportation Solution Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Transportation Solution Market Size & Forecast, 2018-2028
4.5.1 Smart Transportation Solution Market Size and Y-o-Y Growth
4.5.2 Smart Transportation Solution Market Absolute $ Opportunity
Chapter 5 Global Smart Transportation Solution Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart Transportation Solution Market Size Forecast by Type
5.2.1 Parking Management
5.2.2 Smart Ticketing
5.2.3 Traffic Management
5.2.4 Passenger information management system
5.2.5 Freight Information System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Transportation Solution Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart Transportation Solution Market Size Forecast by Applications
6.2.1 Airways
6.2.2 Roadways
6.2.3 Railways
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Transportation Solution Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Transportation Solution Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart Transportation Solution Analysis and Forecast
9.1 Introduction
9.2 North America Smart Transportation Solution Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart Transportation Solution Market Size Forecast by Type
9.6.1 Parking Management
9.6.2 Smart Ticketing
9.6.3 Traffic Management
9.6.4 Passenger information management system
9.6.5 Freight Information System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart Transportation Solution Market Size Forecast by Applications
9.10.1 Airways
9.10.2 Roadways
9.10.3 Railways
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart Transportation Solution Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Transportation Solution Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart Transportation Solution Market Size Forecast by Type
10.6.1 Parking Management
10.6.2 Smart Ticketing
10.6.3 Traffic Management
10.6.4 Passenger information management system
10.6.5 Freight Information System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart Transportation Solution Market Size Forecast by Applications
10.10.1 Airways
10.10.2 Roadways
10.10.3 Railways
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart Transportation Solution Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Transportation Solution Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart Transportation Solution Market Size Forecast by Type
11.6.1 Parking Management
11.6.2 Smart Ticketing
11.6.3 Traffic Management
11.6.4 Passenger information management system
11.6.5 Freight Information System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart Transportation Solution Market Size Forecast by Applications
11.10.1 Airways
11.10.2 Roadways
11.10.3 Railways
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart Transportation Solution Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Transportation Solution Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart Transportation Solution Market Size Forecast by Type
12.6.1 Parking Management
12.6.2 Smart Ticketing
12.6.3 Traffic Management
12.6.4 Passenger information management system
12.6.5 Freight Information System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart Transportation Solution Market Size Forecast by Applications
12.10.1 Airways
12.10.2 Roadways
12.10.3 Railways
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart Transportation Solution Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Transportation Solution Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart Transportation Solution Market Size Forecast by Type
13.6.1 Parking Management
13.6.2 Smart Ticketing
13.6.3 Traffic Management
13.6.4 Passenger information management system
13.6.5 Freight Information System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart Transportation Solution Market Size Forecast by Applications
13.10.1 Airways
13.10.2 Roadways
13.10.3 Railways
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Transportation Solution Market: Competitive Dashboard
14.2 Global Smart Transportation Solution Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 DiDi
14.3.3 IEI
14.3.4 F6S
14.3.5 VIA Technologies, Inc.
14.3.6 Intel
14.3.7 LILEE Systems
14.3.8 Uma Technologies
