Market Overview:
The global smart transportation system 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 and services across different applications, such as residential areas, commercial areas, public facilities, and others. Additionally, the growing awareness about the benefits of using smart transportation systems is also contributing to the growth of this market. North America is expected to hold the largest share of this market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
A Smart Transportation System is a system that uses technology to make transportation more efficient. This can include things like using sensors to detect traffic congestion and then sending out alerts to drivers, or using GPS systems to help drivers find the best route. The goal of a Smart Transportation System is to make transportation more efficient and reduce traffic congestion.
Solutions:
Solution is the core of smart transportation system. It includes hardware and software components. The major function of solution is to provide real-time information to decision makers for an optimal transport mode, route, and schedule at a lower cost with enhanced safety.
Services:
*** Introduction of Services *** Introduction of Services*** Thesis statement: The global smart transportation system is expected to witness significant growth over the forecast period. This can be attributed to several factors such as growing traffic problems, increasing fuel prices, and environmental concerns. Moreover, these systems are cost-effective which helps in achieving sustainability goal.
Application Insights:
The others application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to growing demand for solutions that help governments, institutions and enterprises manage their assets efficiently across various departments. For instance, asset management solutions such as those offered by General Motors LLC are gaining traction among large organizations as they offer real-time tracking of vehicles¢â‚¬â„¢ locations thus enabling effective management of physical resources such as parking spaces and roads.
The residential area application segment is expected to witness considerable growth over the forecast period owing to rising consumer preference for home automation systems that include features such as door opening/closing sensors, window sensor alarms, temperature sensors etc., enabled through integration with GIS technology in smart transportation systems.
Regional Analysis:
North America is expected to dominate the global market over the forecast period. The region accounted for more than 35% of the overall revenue in 2017 and is anticipated to grow at a significant rate over the forecast period. This growth can be attributed to increasing investments in public transportation infrastructure development, rising adoption of smart cards and smartphones, and growing emphasis on reducing carbon footprints associated with personal transportation.
The Asia Pacific regional market was valued at USD X million in 2017 owing to increasing government initiatives pertaining toward implementation of innovative solutions for traffic management across various cities within China, Japan, Singapore, Australia among other countries. For instance; In 2015 China launched its 13th Five-Year Plan (2016 - 2020) which includes developing smart city initiatives that are expected to improve urban life by providing integrated transport systems using advanced technologies such as big data analysis & cloud computing etc.
Growth Factors:
- Increasing demand for smart transportation system from the automotive industry to improve the efficiency of their operations.
- Rising demand for smart transportation system from the logistics and supply chain sector to optimize their delivery process and reduce cost.
- Proliferation of IoT technology and big data analytics is expected to drive the growth of smart transportation system market in near future.
- Government initiatives towards development of intelligent transport systems is expected to create new opportunities for the market players in this domain.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Transportation System Market Research Report
By Type
Solutions, Services
By Application
Residential Area, Commercial, Public Facility, Others
By Companies
Accenture plc, Alstom SA, Cisco System Inc., GE Transportation, IBM Corp., Indra Sistemas SA, Kapsch TrafficCom AG, Schneider Electric Co., Siemens AG, Thales Group, Accenture plc
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
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Smart Transportation System Market Report Segments:
The global Smart Transportation System market is segmented on the basis of:
Types
Solutions, Services
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
Residential Area, Commercial, Public Facility, Others
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:
- Accenture plc
- Alstom SA
- Cisco System Inc.
- GE Transportation
- IBM Corp.
- Indra Sistemas SA
- Kapsch TrafficCom AG
- Schneider Electric Co.
- Siemens AG
- Thales Group
- Accenture plc
Highlights of The Smart Transportation System 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:
- Solutions
- Services
- By Application:
- Residential Area
- Commercial
- Public Facility
- Others
- 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 System 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
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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 System (STS) is a comprehensive, integrated system that uses technology to improve the efficiency and safety of transportation. STS systems can help reduce traffic congestion, improve air quality, and promote sustainable transportation practices.
Some of the major players in the smart transportation system market are Accenture plc, Alstom SA, Cisco System Inc., GE Transportation, IBM Corp., Indra Sistemas SA, Kapsch TrafficCom AG, Schneider Electric Co., Siemens AG, Thales Group, Accenture plc.
The smart transportation system market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Transportation System 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 System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Transportation System 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 System 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 System Market Size & Forecast, 2020-2028
4.5.1 Smart Transportation System Market Size and Y-o-Y Growth
4.5.2 Smart Transportation System Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Solutions
5.2.2 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Residential Area
6.2.2 Commercial
6.2.3 Public Facility
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Transportation System 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 System 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Solutions
9.6.2 Services
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 Market Size Forecast by Applications
9.10.1 Residential Area
9.10.2 Commercial
9.10.3 Public Facility
9.10.4 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Solutions
10.6.2 Services
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 Market Size Forecast by Applications
10.10.1 Residential Area
10.10.2 Commercial
10.10.3 Public Facility
10.10.4 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Solutions
11.6.2 Services
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 Market Size Forecast by Applications
11.10.1 Residential Area
11.10.2 Commercial
11.10.3 Public Facility
11.10.4 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Solutions
12.6.2 Services
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 Market Size Forecast by Applications
12.10.1 Residential Area
12.10.2 Commercial
12.10.3 Public Facility
12.10.4 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Solutions
13.6.2 Services
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) Market Size Forecast by Applications
13.10.1 Residential Area
13.10.2 Commercial
13.10.3 Public Facility
13.10.4 Others
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 System Market: Competitive Dashboard
14.2 Global Smart Transportation System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accenture plc
14.3.2 Alstom SA
14.3.3 Cisco System Inc.
14.3.4 GE Transportation
14.3.5 IBM Corp.
14.3.6 Indra Sistemas SA
14.3.7 Kapsch TrafficCom AG
14.3.8 Schneider Electric Co.
14.3.9 Siemens AG
14.3.10 Thales Group
14.3.11 Accenture plc
