Smart Transportation Market Industry Growth | Trends, Analysis & Statistics.

-
The report “Smart Transportation Market is primarily driven by the need for better public transportation systems which would support the increasing population and urbanization around the globe. The smart solutions market for mass transit is projected to grow at a CAGR of 8.90%, to reach a market size of USD 44.78 Billion by 2021.
The research methodology used in the report involves various secondary sources such as company annual reports/presentations, industry association publications, magazine articles, directories, technical handbooks, and world economic outlook, trade websites, technical articles, and press release, industry magazines along with paid databases. To get the market numbers, the number of public transits have been considered, country -wise. These public transits are multiplied with the penetration of each component in that particular country. The country-wise market size, by volume is multiplied with the country-wise average selling price of each type of component. This results in the country-wise market size for that particular component, in terms of value, which is further added to arrive at the regional market. Further the regional level data is added to derive global numbers. The same approach has been used to calculate the market sizes, by volume and value for the applications. The summation of the country-wise and regional-level market size, in terms of value, provides the size of the global smart solutions market for mass transit.
The figure below illustrates the break-up of the profile of industry experts who participated in primary discussions.
To know about the assumptions considered for the study, download the pdf brochure

Target Audience of Smart Transportation Market 

  • Smart public transportation solution providers
  • Manufacturers of smart public transportation components
  • Raw material suppliers for smart public transportation components
  • Transportation authorities
  • Legal and regulatory authorities
  • Fleet operators

Smart Transportation Market, By Technology

  • For Roadways
    • Automatic Vehicle Location System
    • Traveler Information System
    • Electronic Payment System
    • Intelligent Vehicle Initiative System
  • For Railways
    • Automatic Vehicle Location System
    • Traveler Information System
    • Electronic Payment System
    • Intelligent Vehicle Initiative System

Smart Transportation Market, By Component

  • For Roadways
    • CCTV Cameras
    • GPS Device
    • Displays
    • Automated stop announcement
    • Wi-Fi devices
  • For Railways
    • CCTV camera
    • GPS Device
    • Displays
    • Automated stop announcement
    • Wi-Fi devices
In this report, the global market for mass transit is broadly segmented based on its use into roadways and railways. Region-wise, Asia-Oceania and Europe are estimated to dominate the market for roadways and railways. The Asia-Oceania market is growing due to rising industrialization, urbanization, and government spending on the transportation sector. The growth of the European market can be credited to the improved socio-economic conditions in economies such as Germany, the U.K., and France.
Get Sample Report:
Due to increasing need for surveillance and vehicle tracking, there has been an increased in the use of Wi-Fi devices, in public transits (both roadways and railways) which is driving the demand for smart solutions in mass transit.

North America & Europe: Largest markets for smart solutions market for mass transit

The North American market is estimated to dominate the market for roadways as it accounted for the largest share during the forecast period. The growth factors includes increasing roadways networks, government spending and rising safety concerns for commuters. Europe is estimated to dominate the market for railways in terms of value during the forecast period. This growth is attributed to improved socio-economic conditions in countries such as Germany, the U.K., and France. In addition, the sizeable growth in population of these countries leads to an increase in use of public transport, which further resulted in more government projects for transportation infrastructure development.
The smart solutions market for mass transit market is dominated by a few global players such as Thales Group (France), Siemens AG (Germany), Kapsch TrafficCom (Austria), TomTom International (The Netherlands), WS Atkins Plc. (U.K), Q-Free ASA (Norway), Swarco AG (Austria), TransCore LP (U.S), Iteris Inc. (U.S), and Efkon AG (Austria).
To speak to our analyst for a discussion on the above findings, click Speak to Analyst

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: 
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Location: United States

Comments

Post a Comment

Popular posts from this blog

Global Lighting Market: Industry Key Players, Share, Trend, Applications, Forecast to 2022

-
Image
The  Lighting Market  for Automotive is majorly driven by increasing vehicle production and increasing lighting applications, especially in passenger cars. Additionally, factors such as passenger and pedestrian safety regulations and increased demand for luxury, comfort, and ambience are driving technological advancements in the automotive lighting industry. The market for Automotive is projected to grow at a CAGR of 6.80% from 2017 to 2022 and is expected to reach USD 29.97 Billion by 2022. Objectives of the Lighting Market Study: To define and segment the Lighting market for Automotive , in terms of volume (‘000 units) and value (USD million), by position, technology, application, vehicle type, and region To segment the country-level market for automotive lighting and forecast the market size, by value and volume, based on vehicle type, light position, and technology To understand the market for Automotive by application (Exterior and Interior) To segment the altern...
Read more

Artificial Intelligence in Transportation Market by Continental, Magna, Bosch, Valeo, ZF

-
Image
The key strategy adopted by the major players in the  artificial intelligence in transportation market  is supply contracts/partnerships/joint ventures. OEMs along with Tier-I suppliers and software suppliers have joined hands to gain a competitive advantage in the artificial intelligence in transportation market. Leading players are collaborating with regional players to cater to the growing demand. For instance, in April 2017, Bosch and the University of Amsterdam decided to collaborate in the field of artificial intelligence. Over the next four years, Bosch will make a total investment of USD 3.34 million in this partnership. New product development is the second most widely followed strategy in the market. In July 2016, ZF launched a ‘Highway Driving Assist Multi-Lane’ system, which combines environmental sensing, braking, automatic steering, and acceleration to maintain vehicle control. The artificial intelligence in transportation market is projected to grow at a CAG...
Read more

Automotive Power Electronics Market Size, Analysis, and Outlook Report - 2022

-
Image
Automotive Power Electronics Market , in terms of value, is projected to grow at a CAGR of 4.48% from 2017 to 2022. The market was valued at USD 4.30 Billion in 2016 and is projected to reach a market size of USD 5.49 Billion by 2022. In this study, 2016 has been considered the base year, and 2017 to 2022 the forecast period, for estimating the market size of the automotive power electronics market. Vehicle and graphical user interface(GUI). intelligent car. connected car. Internet of Things. Heads up display(HUD). The market was valued at USD 4.30 billion in 2016 and is projected to reach a market size of USD 5.49 billion by 2022. In this study, 2016 has been considered the base year, and 2017 to 2022 the forecast period, for estimating the market size of the automotive power electronics market. The report analyzes and forecast the market size, in terms of volume (million units) and value (USD million), for passenger cars and commercial vehicles. The volume (thousand units) and...
Read more