Market Overview:
The global smart transport system market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The market growth is attributed to the increasing demand for smart transportation systems in developing countries and the rising need for safety and security in transportation systems. The global smart transport system market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into short-range and longer range systems. Short-range systems are those that operate within a limited area, while longer range systems cover a larger area. On the basis of application, the market can be classified into emergency vehicle notification systems, automatic road enforcement, variable speed limits, collision avoidance systems, and dynamic traffic light sequence control. Emergency vehicle notification system is used to notify emergency vehicles about accidents or traffic congestion so that they can take appropriate action; automatic road enforcement uses cameras or sensors installed along roadsides to capture violations such as speeding or running red lights; variable speed limits help manage traffic flow by adjusting speeds based on real-time conditions; collision avoidance system warns drivers of potential collisions with other vehicles or pedestrians; while dynamic traffic light sequence control alters signal timings based on current traffic conditions.
Product Definition:
A Smart Transport System is a comprehensive, intelligent transportation management system that optimizes the flow of people and goods through an entire transportation network. It can include features such as traffic control systems, advanced traveler information systems, freight management systems, and parking management systems. The goal of a Smart Transport System is to improve the efficiency and safety of the transportation network while reducing environmental impact.
Short-Range:
Short-range communication (SRC) is a wireless form of telecommunication used for two-way communication between vehicles and roadside devices. It helps to enhance the safety features in the vehicle, such as anti-theft alarm system and keyless entry. The smart transportation system includes intelligent transport systems, which are used to build interactive transportation systems that combine public transit with information technology applications for managing traffic congestion, enhancing road safety & security along with providing real time travel updates.
Longer Range:
Longer range and it's usage in the smart transport system market is a technology that helps to connect vehicles over long distances. It also helps in monitoring the vehicle’s health, status, and operating conditions for each of its constituent parts. The data collected by these systems is then transmitted to the base station using short-range communication technologies such as Wi-Fi or cellular networks.
Application Insights:
The application segment is segregated into emergency vehicle notification systems, automatic road enforcement, variable speed limits, collision avoidance systems, and dynamic traffic light sequence. The automatic road enforcement segment dominated the market in terms of revenue in 2017. This can be attributed to the rising number of governments deploying such systems across various cities worldwide. For instance, according to a blog by Inrix Inc., over 50 smart city projects are currently underway or planned in China that will utilize intelligent transportation system (ITS) for better management of traffic problems. Furthermore, countries such as India and Japan are also planning to deploy large numbers of these systems on their roads during the next couple of years.
Regional Analysis:
The North American regional market dominated the global smart transport system with a share of over 35.0% in 2017. This is attributed to the early adoption of these systems in this region, along with stringent government regulations for road safety and enhanced mobility as per capita income increases.
Growth Factors:
- Increasing demand for smart transport systems from the automotive and transportation sector to improve safety, efficiency, and reduce emissions.
- Proliferation of connected devices and the internet of things (IoT) is expected to create opportunities for smart transport systems market growth.
- Rising demand for multimodal transportation options that offer seamless connectivity across different modes of transportation such as bus, train, taxi, etc., is fueling the growth of the smart transport system market.
- Growing investments in research and development by key players to develop innovative technologies and products is propelling the growth of this market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Transport System Market Research Report
By Type
Short-Range, Longer Range
By Application
Emergency Vehicle Notification Systems, Automatic Road Enforcement, Variable Speed Limits, Collision Avoidance Systems, Dynamic Traffic Light Sequence
By Companies
Ricardo PLC, EFKON AG, TOMtom International BV, Nuance Communications, Denso Corporation, Thales Group, Hitachi Ltd, Iteris, Inc., Lanner Electronics Inc., Siemens AG, WS Atkins PLC, Xerox Corporation, Garmin Ltd., Kapsch Trafficcom, Q-Free, Savari Inc., Transcore Inc., China ITS, ZTE
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Smart Transport System Market Report Segments:
The global Smart Transport System market is segmented on the basis of:
Types
Short-Range, Longer Range
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
Emergency Vehicle Notification Systems, Automatic Road Enforcement, Variable Speed Limits, Collision Avoidance Systems, Dynamic Traffic Light Sequence
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:
- Ricardo PLC
- EFKON AG
- TOMtom International BV
- Nuance Communications
- Denso Corporation
- Thales Group
- Hitachi Ltd
- Iteris, Inc.
- Lanner Electronics Inc.
- Siemens AG
- WS Atkins PLC
- Xerox Corporation
- Garmin Ltd.
- Kapsch Trafficcom
- Q-Free
- Savari Inc.
- Transcore Inc.
- China ITS
- ZTE
Highlights of The Smart Transport 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:
- Short-Range
- Longer Range
- By Application:
- Emergency Vehicle Notification Systems
- Automatic Road Enforcement
- Variable Speed Limits
- Collision Avoidance Systems
- Dynamic Traffic Light Sequence
- 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 Transport 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.
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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 Transport System (STS) is a transportation management system that uses sensors and communication technologies to improve traffic flow and reduce congestion. The goal of an STL is to optimize the movement of people, goods, and services by integrating transportation systems such as roads, railways, airports, buses, ferries etc.
Some of the major players in the smart transport system market are Ricardo PLC, EFKON AG, TOMtom International BV, Nuance Communications, Denso Corporation, Thales Group, Hitachi Ltd, Iteris, Inc., Lanner Electronics Inc., Siemens AG, WS Atkins PLC, Xerox Corporation, Garmin Ltd., Kapsch Trafficcom, Q-Free, Savari Inc., Transcore Inc., China ITS, ZTE.
The smart transport system market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Transport System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Transport System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Transport System Market - Supply Chain
4.5. Global Smart Transport System Market Forecast
4.5.1. Smart Transport System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Transport System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Transport System Market Absolute $ Opportunity
5. Global Smart Transport System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Transport System Market Size and Volume Forecast by Type
5.3.1. Short-Range
5.3.2. Longer Range
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Transport System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Transport System Market Size and Volume Forecast by Application
6.3.1. Emergency Vehicle Notification Systems
6.3.2. Automatic Road Enforcement
6.3.3. Variable Speed Limits
6.3.4. Collision Avoidance Systems
6.3.5. Dynamic Traffic Light Sequence
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Transport System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Transport System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Transport System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Transport System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Transport System Demand Share Forecast, 2019-2026
9. North America Smart Transport System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Transport System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Transport System Market Size and Volume Forecast by Application
9.4.1. Emergency Vehicle Notification Systems
9.4.2. Automatic Road Enforcement
9.4.3. Variable Speed Limits
9.4.4. Collision Avoidance Systems
9.4.5. Dynamic Traffic Light Sequence
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Transport System Market Size and Volume Forecast by Type
9.7.1. Short-Range
9.7.2. Longer Range
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Transport System Demand Share Forecast, 2019-2026
10. Latin America Smart Transport System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Transport System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Transport System Market Size and Volume Forecast by Application
10.4.1. Emergency Vehicle Notification Systems
10.4.2. Automatic Road Enforcement
10.4.3. Variable Speed Limits
10.4.4. Collision Avoidance Systems
10.4.5. Dynamic Traffic Light Sequence
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Transport System Market Size and Volume Forecast by Type
10.7.1. Short-Range
10.7.2. Longer Range
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Transport System Demand Share Forecast, 2019-2026
11. Europe Smart Transport System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Transport System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Transport System Market Size and Volume Forecast by Application
11.4.1. Emergency Vehicle Notification Systems
11.4.2. Automatic Road Enforcement
11.4.3. Variable Speed Limits
11.4.4. Collision Avoidance Systems
11.4.5. Dynamic Traffic Light Sequence
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Transport System Market Size and Volume Forecast by Type
11.7.1. Short-Range
11.7.2. Longer Range
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Transport System Demand Share, 2019-2026
12. Asia Pacific Smart Transport System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Transport System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Transport System Market Size and Volume Forecast by Application
12.4.1. Emergency Vehicle Notification Systems
12.4.2. Automatic Road Enforcement
12.4.3. Variable Speed Limits
12.4.4. Collision Avoidance Systems
12.4.5. Dynamic Traffic Light Sequence
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Transport System Market Size and Volume Forecast by Type
12.7.1. Short-Range
12.7.2. Longer Range
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Transport System Demand Share, 2019-2026
13. Middle East & Africa Smart Transport System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Transport System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Transport System Market Size and Volume Forecast by Application
13.4.1. Emergency Vehicle Notification Systems
13.4.2. Automatic Road Enforcement
13.4.3. Variable Speed Limits
13.4.4. Collision Avoidance Systems
13.4.5. Dynamic Traffic Light Sequence
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Transport System Market Size and Volume Forecast by Type
13.7.1. Short-Range
13.7.2. Longer Range
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Transport System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Transport System Market: Market Share Analysis
14.2. Smart Transport System Distributors and Customers
14.3. Smart Transport System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ricardo PLC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. EFKON AG
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TOMtom International BV
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nuance Communications
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Denso Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Thales Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hitachi Ltd
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Iteris, Inc.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Lanner Electronics Inc.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Siemens AG
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. WS Atkins PLC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Xerox Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Garmin Ltd.
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Kapsch Trafficcom
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Q-Free
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Savari Inc.
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Transcore Inc.
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. China ITS
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. ZTE
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
