Smart Transportation Market By Transportation Mode (Roadways, Railways), By Component (Solutions [Advanced Traffic Management System, Advanced Vehicle Control and Safety System, Advanced Public Transportation System, Advanced Transportation Pricing System, Advanced Commercial Vehicle Operation System, Advanced Traveler Information System] and Services [Implementation & Integration Services, Support & Maintenance Services, Training & Consulting Services]), By Application (Safety & Security, Autonomous/Connected Cars, Traffic Management, Shared Mobility, Route Guidance), and By Region (North America, Europe, APAC, RoW) – Global Forecast up to 2025
- October, 2019
- Domain: ICT - Verticals - Transportation,smart technologies
Pages:
79
Tables:
30
Charts:
26
Regions/Countries:
4/8
Companies:
12
Enquiry Hours:
10
- Get Free 10% Customization in this Report
This market research report includes a detailed segmentation of the global smart transportation market by transportation mode (roadways and railways), by component (solutions [advanced traffic management system, advanced vehicle control and safety system, advanced public transportation system, advanced transportation pricing system, advanced commercial vehicle operation system, advanced traveler information system, and others] and services [implementation & integration services, support & maintenance services, and training & consulting services]), by application (safety & security, autonomous/connected cars, traffic management, shared mobility, route guidance, and others), and by region (North America, Europe, APAC, and RoW). The market research report identifies Cisco, IBM, Siemens, Thales Group, SAP, Oracle, Kapsch TrafficCom, Cubic Corporation, TomTom, and Clever Devices as the major vendors operating in the global smart transportation market.
Overview of the Smart Transportation Market
According to Infoholic Research, the global smart transportation market is expected to grow at a CAGR of more than 18% during the forecast period 2019–2025. In today's fast-moving urban life, traffic congestion and other traffic-related issues are among the major challenges faced by an individual daily. The concept of smart cities is also promoting smart transport infrastructure, safer roads, and intelligent transport systems for enhancing mobility in smart cities.
Smart transportation solutions are encouraging effective transportation by assisting drivers, tracking assets, and managing traffic & movement of vehicles, which make traveling safer, easier, and more comfortable. These solutions are also being used for monitoring commercial fleets and adhering to regulations that help organizations in reducing operational costs.
According to the smart transportation industry analysis, Europe is estimated to maintain the dominant position in the global smart transportation market, followed by North America. The Asia Pacific region is expected to witness the fastest growth rate during the forecast period as governments in developing countries across Asia Pacific are investing heavily in smart transportation to offer seamless transport services and meet the ever-growing passenger demand.
Smart Transportation Market Research Competitive Analysis and Key Vendors
The report covers and analyzes the global smart transportation market. Major vendors across different verticals are planning for high investments in this market, and as a result, the smart transportation market is expected to grow at an impressive rate in the coming years. The key players in this market are adopting various organic as well as inorganic growth strategies, such as mergers & acquisitions, collaborations & partnerships, joint ventures, and few other strategies, to be in a strong position in the market.
Few of the Key Vendors in the Smart Transportation Market Research:
- Cisco
- IBM
- Siemens
- Thales Group
- SAP
- Oracle
- Kapsch TrafficCom
- Cubic Corporation
- TomTom
- Clever Devices
Cisco’s Connected Transportation offers solutions in the areas of roadways, railways, aviation, maritime, and mass transit for enhancing safety, mobility, and operational efficiency.
There are numerous other vendors that have been studied based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D for analysis of the entire ecosystem.
Smart Transportation Market Research, By Transportation Mode
- Roadways
- Railways
The railways segment is expected to witness significant growth at the highest CAGR to meet the growing demand for streamlining railway operations. Various governments are focusing on improving railway infrastructure and empowering next-generation automated trains. Few government railway projects include “EU Rail 2050 Vision”, “California’s High-Speed Rail Project”, and “China’s One Belt One Road Program” among many others.
Smart Transportation Market Research, By Components
- Advanced Traffic Management System
- Advanced Vehicle Control and Safety System
- Advanced Public Transportation System
- Advanced Transportation Pricing System
- Advanced Commercial Vehicle Operation System
- Advanced Traveler Information System
- Others
- Services
- Implementation & Integration Services
- Support & Maintenance Services
- Training & Consulting Services
The solutions segment is estimated to hold the largest market share and is expected to witness significant growth due to the high demand for intelligent transport systems for upgrading the traditional transport infrastructure and reducing traffic congestion.
Smart Transportation Market Research, By Application
- Safety & Security
- Autonomous/Connected Cars
- Traffic Management
- Shared Mobility
- Route Guidance
- Others
The safety & security segment is expected to grow at the highest rate during the forecast period as physical or vehicle security, as well as data security, always remain an important concern. Public safety & security is among the major reasons for the growth of this segment in the coming years.
Smart Transportation Market Research Benefits
The report provides an in-depth analysis of the smart transportation market. There have been significant developments in the area of smart transportation, and with the growing trend of IoT, the demand for smart transportation solutions and intelligent transport systems is also expected to increase. The report discusses the market in terms of transportation mode, solutions, services, applications, and regions. The report covers the present scenario and growth prospects of the smart transportation market during 2018–2025. Further, the report provides details about the major challenges impacting the market growth.
1 Executive Summary
1.1 Synopsis of Key Findings
2 Industry Outlook
2.1 Overview
2.2 Key Industry Trends
3 Market Snapshot
3.1 Total Addressable Market
3.2 Segmented Addressable Market
3.2.1 PEST Analysis
3.2.2 Porter’s Five Force Analysis
3.3 Related Markets
4 Market Characteristics
4.1 Market Ecosystem
4.2 Market Segmentation
4.3 Market Dynamics
4.3.1 Market Drivers
4.3.2 Market Restraints
4.3.3 Market Opportunities
4.3.4 DRO – Impact Analysis
5 Global Smart Transportation Market, By Transportation Mode
5.1 Overview
5.2 Roadways
5.3 Railways
6 Global Smart Transportation Market, By Component
6.1 Overview
6.2 Solutions
6.2.1 Advanced Traffic Management System (ATMS)
6.2.2 Advanced Vehicle Control & Safety System (AVCSS)
6.2.3 Advanced Public Transportation System (APTS)
6.2.4 Advanced Transportation Pricing System (APTS)
6.2.5 Advanced Commercial Vehicle Operation System (ACVOS)
6.2.6 Advanced Traveler Information System (ATIS)
6.2.7 Others
6.3 Services
6.3.1 Implementation & Integration Services
6.3.2 Support & Maintenance Services
6.3.3 Training & Consulting Services
7 Global Smart Transportation Market, By Application
7.1 Overview
7.2 Safety & Security
7.3 Autonomous/Connected Cars
7.4 Traffic Management
7.5 Shared Mobility
7.6 Route Guidance
7.7 Others
8 Global Smart Transportation Market, By Region
8.1 Overview
8.2 North America
8.2.1 US
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Rest of Europe
8.4 APAC
8.4.1 China
8.4.2 India
8.4.3 Rest of APAC
8.5 RoW
8.5.1 MEA
8.5.2 Latin America
9 Competitive Landscape
9.1 Competitor Analysis
9.2 Product/Offerings Portfolio Analysis
9.3 Market Developments
9.3.1 Mergers & Acquisitions (M&A), Expansions, Partnerships
9.3.2 Business Restructuring
9.3.3 Product Launches & Exhibitions
10 Vendors Profile
10.1 Cisco
10.1.1 Analyst Opinion
10.1.2 Business Analysis
10.2 IBM
10.2.1 Analyst Opinion
10.2.2 Business Analysis
10.3 Siemens
10.3.1 Analyst Opinion
10.3.2 Business Analysis
10.4 Thales
10.4.1 Analyst Opinion
10.4.2 Business Analysis
10.5 SAP
10.5.1 Analyst Opinion
10.5.2 Business Analysis
10.6 Oracle
10.6.1 Analyst Opinion
10.6.2 Business Analysis
10.7 Kapsch TrafficCom
10.7.1 Analyst Opinion
10.7.2 Business Analysis
10.8 Cubic Corporation
10.8.1 Analyst Opinion
10.8.2 Business Analysis
10.9 TomTom
10.9.1 Analyst Opinion
10.9.2 Business Analysis
10.10 Clever Devices
10.10.1 Analyst Opinion
10.10.2 Business Analysis
10.11 Alstom
10.12 Telit
11 Annexure
11.1 Report Scope
11.2 Market Definition
11.3 Research Methodology
11.3.1 Data Collation & In-house Estimation
11.3.2 Market Triangulation
11.3.3 Forecasting
11.4 Study Declarations
11.5 Report Assumptions
11.6 Stakeholders
11.7 Abbreviations
Research Framework
Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Primary & Secondary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
- Forecasting
Market related information is congregated from both primary and secondary sources.
Primary sources
involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Secondary sources
include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.
