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Smart Transportation Market to expect growth worth USD 234.01 Bn. by 2029 Returns on Investment, Digitization and Technological Advancement

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Smart Transportation Market to expect growth worth USD 234.01 Bn. by 2029 Returns on Investment, Digitization and Technological Advancement

December 08
09:52 2022
Smart Transportation Market to expect growth worth USD 234.01 Bn. by 2029 Returns on Investment, Digitization and Technological Advancement
Smart Transportation Market
Smart Transportation Market was valued at USD 104.52 Billion in 2021, and is expected to reach USD 234.01 Billion by 2029, exhibiting a CAGR of 10.6 % during the forecast period (2022-2029).

Pune, 7, Dec, 2022: Maximize Market Research is a leading automotive and transportation research firm that has delivered a detailed analysis of the Smart Transportation Market. The report includes key business insights, demand analysis, pricing analysis and competitive landscape. The report expects the market to grow from USD 104.52 Billion in 2021 to USD 234.01 Billion by 2029 at a CAGR of 10.6 percent during the forecast period from 2022 to 2029.

Smart Transportation Market Scope and Research Methodology 

The report is a comprehensive analysis of the Smart Transportation Market by region, segment and competitive landscape. For understanding the global factors affecting the Smart Transportation Market, the report presents drivers, challenges, restraints and opportunities prevailing in the Smart Transportation Market. The report covers the current trends prevailing in the market along with estimations about future trends to help understand investors identify investment pockets and opportunities in the Smart Transportation Market.

The report is equipped with a competitive analysis of the Smart Transportation Market. Key players and new entrants in the Smart Transportation Market are listed together. These are analysed by region, revenue, financial status, portfolio, technological advancements adopted, social media presence, mergers and acquisitions, joint ventures and strategic alliances. This aids new entrants understand the Smart Transportation Market for growth prospects and future business outlooks. Such analysis acts as a guide for stakeholders, investors, market players and followers and new entrants with an overall view of the Smart Transportation Market for formulating investment approaches and marketing tactics.

The bottom-up approach was employed to validate the market size in terms of value and volume by different segments. Data was collected employing both primary and secondary data collection methods. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. Secondary data was collected from a list of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases. SWOT analysis was conducted to provide the strengths and weaknesses of Smart Transportation Market while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the Smart Transportation Market. Thus the report provides a detailed overview of the Smart Transportation Market.

Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.maximizemarketresearch.com/request-sample/14787 

Smart Transportation Market Overview 

Smart transportation is the adoption of modern technology in transportation systems. This includes management system that enables car navigation, traffic signal control systems, automatic number plate recognition and speed cameras. This has paved the path for safer transportation by reducing human error on the account of being tired or emotional. It is made possible with a combination of machine learning, AI and the internet to get updates on the ride. Transportation now is also managed well with the help of real-time information being fed to the system. 

Smart Transportation Market Dynamics 

The rapid increase in urban population is the main factor for the Smart Transportation Market growth. This increasing urban population boosts demand for smart transportation systems for safe and efficient commute.  Services like smart ticket and smart traffic management systems are being introduced in countries. Another factor driving growth in the Smart Transportation Market is expenditure by government on smart transportation infrastructure. Governments are adopting smart technologies in transportation to enhance user experience and the smooth functioning of other sectors. 

Technological advancements such as autonomous and semi-autonomous vehicles is also expected to fuel the Smart Transportation Market growth. This trend in the transportation industry is becoming increasingly popular. It is expected for the forecast period that this trend will grow in acceptance and with increased investment. Thus playing a major role in the progress and improvement of the smart city idea. 

Smart Transportation Market Regional Market Insights 

For the forecast period, Europe is expected to dominate the Smart Transportation Market. This growth in the region is attributed to several factors such as investment in smart transportation. This investment is expected to build a strong transportation infrastructure for Europe, driving regional growth leading to improved urban traffic and infrastructure system. 

Asia-Pacific region is expected to grow rapidly for forecast period. The trend of digitization in the region coupled with adoption of new technologies is expected to drive the Smart Transportation Market. Countries in the region are experiencing economic growth and development, thus driving growth in the regional Smart Transportation Market. 

Smart Transportation Market Segmentation 

By transportation mode:

  • Roadways
  • Railways
  • Airways
  • Maritime

By application:

  • Shared mobility
  • Route information and route guidance
  • Transit hubs
  • Autonomous/driverless vehicles
  • Video management
  • Others

By solution: 

  • Ticketing Management System
  • Parking Management & Guidance System
  • Integrated Supervision System
  • Traffic Management System

By service:

  • Business
  • Professional
  • Cloud Services

Smart Transportation Market Key Competitors:

  • Thales
  • Huawei
  • Siemens
  • IBM
  • Cisco Systems
  • SAP
  • Cubic
  • ALSTOM
  • Bombardier
  • Toshiba
  • Harris
  • Saab
  • Veson Nautical
  • Advanced Navigation Positioning Corporation (ANPC)
  • BASS Software
  • BENTLEY SYSTEMS
  • Indra Sistemas
  • Trimble
  • TomTom
  • Amadeus
  • Conduent
  • Kapsch
  • Hitachi
  • The Descartes Systems
  • Accenture
  • Rockwell Collins
  • DNV GL

Key questions answered in the Smart Transportation Market are: 

  • What is Smart Transportation? 
  • What is the growth rate of Smart Transportation Market for the forecast period? 
  • What is the nature of competition in Smart Transportation industry in developed economies and developing economies? 
  • Who are the key players in the Smart Transportation Market?
  • Who are the market leaders in Smart Transportation in Europe
  • Who are the market leaders in Smart Transportation in USA and Canada
  • Who are the market leaders in Smart Transportation in India, China, Japan and South Korea?
  • What are the factors affecting growth in the Smart Transportation Market? 
  • Who held the largest market share in Smart Transportation Market? 
  • What are the factors for the growth of Asia-Pacific region in Smart Transportation Market? 
  • What are the drivers of the Smart Transportation Market? 

For Detailed insights on this market, request for methodology here @ https://www.maximizemarketresearch.com/request-sample/14787 

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Transportation Mode, Application, Solution, Service and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading automotive and transportation research firm, has also published the following reports:

Rail Transportation Market –The Rail Transportation Market size is expected to reach USD 34.26 billion by 2029 at a CAGR of 4.5 percent during the forecast period. The Rail Transportation Market is expected to be driven by infrastructure investment and rolling stock investment. 

Autonomous / Self-Driving Cars MarketThe Autonomous / Self-Driving Cars Market size is expected to reach USD 56.46 million by 2029 at a CAGR of 13.5 percent during the forecast period. The Autonomous / Self-Driving Cars Market is expected to be driven by demand for luxury cars and technological advancements. 

EV Test Equipment MarketThe EV Test Equipment Market size is expected to reach USD 241.63 million by 2029 at a CAGR of 24.9 percent during the forecast period. The EV Test Equipment Market is expected to be driven by government regulations and improved safety and performance of electric vehicles.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

[email protected]

+91 96071 95908, +91 9607365656

Media Contact
Company Name: MAXIMIZE MARKET RESEARCH PVT. LTD.
Contact Person: Geeta Yevle
Email: Send Email
Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,
City: Pune
State: Maharashtra
Country: India
Website: https://www.maximizemarketresearch.com/market-report/smart-transportation-market/14787/

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