Smart Transportation Market by Service Type (Support & Maintenance, Deployment & Integration, Consulting), Solution Type, Mode of Transportation, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2029

Smart Transportation Market Size

The smart transportation market size was valued at $117.39 billion in 2023 and is projected to reach $288.99 billion by 2029, growing at a CAGR of 16.2% from 2023 to 2029.

Smart Transportation Market Overview

Smart transportation refers to the integration of advanced technologies and intelligent systems to enhance the efficiency, safety, and sustainability of transportation networks. This innovative approach utilizes real-time data, sensors, communication networks, and automation to optimize various aspects of transportation, including traffic management, vehicle operations, and traveler information. Smart transportation systems aim to address challenges such as traffic congestion, emissions, and inadequate infrastructure by implementing solutions like smart traffic lights, connected vehicles, and predictive analytics. The goal is to create a seamless, data-driven ecosystem that enables smoother traffic flow, reduces travel times, enhances safety, and promotes environmentally sustainable practices. By leveraging the power of technology, smart transportation endeavors to create more adaptive, responsive, and interconnected transportation systems that improve overall mobility and contribute to the development of smarter and more resilient cities.

Market Dynamics:

Growth Drivers

• Rising demand for cutting-edge transportation options.
• Rising investments in smart city initiatives.

Constraints

• Absence of infrastructure in emerging countries.
• Expensive initial installation costs.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Based on service type, the market is bifurcated into support & maintenance, deployment & integration, and consulting.

By solution type, the market is fragmented into integrated supervision, parking management, passenger information, smart ticketing, traffic management, and other solution types.

Depending on the mode of transportation, the market is segregated into airways, railways, roadways, and waterways.

List of the Key Players Profiled in the Report Includes:

• Accenture PLC
• Alstom S.A.
• Cisco Systems, Inc.
• Cubic Corporation
• General Electric Company
• IBM Corporation
• Indra Sistemas, S.A.
• Kapsch
• LG CNS Corporation
• SAP SE
• Siemens AG
• Thales Group
• Xerox Holdings Corporation

Market by, Geography:

The smart transportation market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.

The report “Global Smart Transportation Market: Industry Analysis, Opportunities and Forecast up to 2029” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2021, 2022 and offers revenue estimations for 2023, and project forecasts spanning from 2024 to 2029. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Table Of Content

1 Market Introduction 
 1.1 Market Definition 
 1.2 Research Scope and Segmentation 
 1.3 Stakeholders 
 1.4 List of Abbreviations 
 
2 Executive Summary 
 
3 Research Methodology 
 3.1 Identification of Data 
 3.2 Evaluation of Market Dynamics 
 3.3 Collaboration of Data 
 3.4 Verification and Analysis 
 3.5 Research Approach 
 3.6 Data Sources and Assumptions 
 
4 Market Dynamics 
 4.1 Market Drivers 
 4.2 Market Restraints 
 4.3 Market Opportunities 
 4.4 Market Challenges 
 4.5 Impact of COVID-19 on the Smart Transportation Market 
 
5 Porter's Five Force Analysis 
 5.1 Bargaining Power of Suppliers 
 5.2 Bargaining Power of Buyers 
 5.3 Threat of New Entrants 
 5.4 Threat of Substitutes 
 5.5 Competitive Rivalry in the Market 
 
6 Global Smart Transportation Market by, Service Type 
 6.1 Overview 
 6.2 Support & Maintenance 
 6.3 Deployment & Integration 
 6.4 Consulting 
 
7 Global Smart Transportation Market by, Solution Type 
 7.1 Overview 
 7.2 Integrated Supervision 
 7.3 Parking Management 
 7.4 Passenger Information 
 7.5 Smart Ticketing 
 7.6 Traffic Management 
 7.7 Other Solution Types 
 
8 Global Smart Transportation Market by, Mode of Transportation 
 8.1 Overview 
 8.2 Airways 
 8.3 Railways 
 8.4 Roadways 
 8.5 Waterways 
 
9 Global Smart Transportation Market by, Geography 
 9.1 Overview 
 9.2 North America 
 9.2.1 US
 9.2.2 Canada
 9.2.3 Mexico
 9.3 Europe 
 9.3.1 Germany
 9.3.2 France
 9.3.3 UK
 9.3.4 Italy
 9.3.5 Spain
 9.3.6 Rest of Europe
 9.4 Asia Pacific 
 9.4.1 China
 9.4.2 Japan
 9.4.3 India
 9.4.4 South Korea
 9.4.5 Australia
 9.4.6 New Zealand
 9.4.7 Rest of Asia Pacific
 9.5 South America 
 9.5.1 Brazil
 9.5.2 Argentina
 9.5.3 Chile
 9.5.4 Rest of South America
 9.6 Middle East & Africa 
 9.6.1 UAE
 9.6.2 Saudi Arabia
 9.6.3 Qatar
 9.6.4 Iran
 9.6.5 South Africa
 9.6.6 Rest of Middle East & Africa
 
10 Key Developments 
 
11 Company Profiling 
 11.1 Accenture PLC 
 11.1.1 Business Overview
 11.1.2 Product/Service Offering
 11.1.3 Financial Overview
 11.1.4 SWOT Analysis
 11.1.5 Key Activities
 11.2 Alstom S.A. 
 11.3 Cisco Systems, Inc. 
 11.4 Cubic Corporation 
 11.5 General Electric Company 
 11.6 IBM Corporation 
 11.7 Indra Sistemas, S.A. 
 11.8 Kapsch 
 11.9 LG CNS Corporation 
 11.10 SAP SE 
 11.11 Siemens AG 
 11.12 Thales Group 
 11.13 Xerox Holdings Corporation