Smart Transportation Market is estimated to value over USD 148 billion by 2027 end and register a CAGR of 14% from the forecast period 2020-2027.

The report initiates from the outline of business surroundings and explains the commercial summary of chain structure. Moreover, it analyses forecast By Transportation Mode, By Solution, By Application, By Region and Smart Transportation Market.

Additionally, this report illustrates the corporate profiles and situation of competitive landscape amongst numerous associated corporations including the analysis of market evaluation and options associated with the worth chain. This report provides valuable insights on the general market profit through a profit graph, an in depth SWOT analysis of the market trends alongside the regional proliferation of this business vertical.

Request a Sample Report @ https://www.futurewiseresearch.com/request-sample.aspx?id=124&page=requestsample

Market Segmentation:

This Market is divided By Transportation Mode, By Solution, By Application and By Region.

Regionally, the worldwide Smart Transportation Market is fragmented as North America, Europe, Asia Pacific and also the rest of the world.

Key Market Players:

Major market players enclosed within this market are Cisco System, International Business Machine (IBM) Corporation, Accenture PLC, Cubic Corporation, Kapsch, General Electric Company (GE), Siemens, Indra Sistemas and others.

(Note: The list of the key players are going to be updated with the most recent market scenario and trends)

Purchase a Copy & Ask For Discount: https://www.futurewiseresearch.com/request-sample.aspx?id=124&page=askfordiscount

FutureWise Key Takeaways:

• Growth prospects
• SWOT analysis
• Key trends
• Key data-points touching market growth

Competitive Landscape:

• Tier 1 players- well-established companies in the market accounting a major market share  
• Tier 2 players 
• Rapidly growing players
• New Entrants

Objectives of the Study:

• To offer with an complete analysis on the Smart Transportation Market By Transportation Mode, By Solution, By Application and By Region
• To cater comprehensive data on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To measure and forecast micro-markets and also the overall market
• To predict the market size, in key regions — North America, Europe, Asia Pacific and rest of the world
• To record and evaluate the competitive landscape mapping - product launches, technological advancements, mergers and expansions

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• We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
• The customization services offered are free of charge with purchase of any license of the report.
• You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

About FutureWise Research:

We specialize in high-growth niche markets, assuring flexibility, agility and customized solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future.

Company Name: FutureWise Research

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Email: sales@futurewiseresearch.com

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Country:  United Kingdom

Website: www.futurewiseresearch.com

Smart Transportation Market is estimated to value over USD 148 billion by 2027 end and register a CAGR of 14% during the forecast period 2020 to 2027.

The report initiates from the outline of business surroundings and explains the commercial summary of chain structure. Moreover, it analyses forecast by transportation mode, by solution, by application, by region and Smart Transportation Market Trends.

Additionally, this report illustrates the corporate profiles and situation of competitive landscape amongst numerous associated corporations including the analysis of market evaluation and options associated with the worth chain. This report provides valuable insights on the general market profit through a profit graph, an in depth SWOT analysis of the market trends alongside the regional proliferation of this business vertical.

Request a Sample Report @

https://www.futurewiseresearch.com/request-sample.aspx?id=124&page=requestsample

Market Segmentation:

This market is divided by transportation mode, by solution, by application and by region.

Regionally, the worldwide Smart Transportation Market is fragmented as North America, Europe, Asia Pacific and also the rest of the world.

Key Market Players:

Major market players enclosed within this market are Cisco System, International Business Machine (IBM) Corporation, Accenture PLC, Cubic Corporation, Kapsch, General Electric Company (GE), Siemens, Indra Sistemas and others.   

(Note: The list of the key players are going to be updated with the most recent market scenario and trends)

Purchase a Copy & Ask For Discount:

https://www.futurewiseresearch.com/request-sample.aspx?id=124&page=askfordiscount

FutureWise Key Takeaways:

• Growth prospects
• SWOT analysis
• Key trends
• Key data-points touching market growth

Competitive Landscape:

• Tier 1 players- well-established companies in the market accounting a major market share  
• Tier 2 players 
• Rapidly growing players
• New Entrants

Objectives of the Study:

• To offer with a complete analysis on the Smart Transportation Market by transportation mode, by solution, by application and by region
• To cater comprehensive data on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To measure and forecast micro-markets and also the overall market
• To predict the market size, in key regions — North America, Europe, Asia Pacific and rest of the world
• To record and evaluate the competitive landscape mapping - product launches, technological advancements, mergers and expansions

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Flexible Delivery Model:

• We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
• The customization services offered are free of charge with purchase of any license of the report.
• You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

About FutureWise Research:

We specialize in high-growth niche market research, assuring flexibility, agility and customized solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future.

Company Name: FutureWise Research

Contact Person:  Vinay Thaploo

Email: sales@futurewiseresearch.com

Phone: +44 141 628 9353 / +1 347 709 4931

City:  Leeds

Country:  United Kingdom

Website: www.futurewiseresearch.com

The report "Smart Transportation Market for Roadway & Railway By Technology (AVLS, TIS, EPS, & Intelligent Vehicle Initiatives), Components (CCTV Camera, GPS, Display, Automated Stop Announcement & Wi-Fi), Application, and Region - Global Forecast to 2021", The smart solutions market for mass transit 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 smart transportation 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).

“Electronic payment system and traveler information system have a significant impact on the growth of smart solutions market for mass transit”

For roadways as a transportation mode the electronic payment system segment is estimated to be the largest market. The growth is driven by the increase in efforts by governments and transportation agencies to reduce manual cash collection and shift to advanced e-payment systems. For instance, the Singapore government has implemented a contactless smart card which can be used to travel across the entire public transport network. In the case of railways as a transportation mode, the traveler information system segment is estimated to be the largest market. The system helps the passengers with information and guidance about the upcoming stops and the route which makes their travel experience better. For instance, in Australia, the Smartraveller information system is used which provides travel information as well as travel warnings.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=155442217

“Increase in need for smart ticketing systems would give rise to a demand for smart transportation market”

The smart ticketing system is the fastest-growing market in the smart public transportation market for both roadways and railways. This growth is due to the benefits such as increased efficiency, and reliability. This application is essential to reduce manual interference and force public transport operators to deploy e-ticketing and integrated payment systems. As per the Rocky Mountain Institute (U.S.), ~14% of a transportation company’s budget is spent on fare collection. Thus the system improves a transportation company’s financial performance which has led to several mass transit operators already implementing smart ticketing solutions. For instance, according to the annual statistics published by the Department for Transport, the U.K., out of 26.2 thousand public buses in U.K., 89% of public buses are fitted with ITSO smart cards by 2015.

“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 include 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 the population of these countries leads to an increase in the use of public transport, which further resulted in more government projects for transportation infrastructure development.

Smart transportation is a progressive service sub-segment of the automotive sector for customers, aiming to provide innovative assistance in different modes of transport and enable them to be better informed with safer use of technologies and accommodate with smart use of transport network. Smart transportation is primed to emerge as a key pedestal for smart cities. The growth of Smart transportation market is also gaining traction for its time and fuel saving abilities. Smart transportation includes car navigation, traffic signal control systems, container management systems, variable message signs, and automatic number plate recognition. Smart transportation improves productivity as well as reduces accidents and greenhouse emission.

Smart transportation can improve overall situational awareness by strengthening competence to share information quickly. It provides an integrated approach to risk management as it reinforces emergency preparedness and response capabilities such as violence, medical emergencies, track obstructions, and other similar types of disruptive events in cities. Increased safety awareness among consumers’ are also fueling the smart transportation market growth. The establishment of an integrated transportation depends upon infrastructure that can communicate with smart vehicles. Automotive and construction industries have taken steps together to enhance smart transportation as part of smart cities to provide substantial improvements for the performance of transportation networks and raise its efficiency.

Forever incrementing road traffic is a major concern for most cities, particularly during peak hours, coupled by car parking issues that further contribute to traffic congestion. Smart signals and smart parking are two major contributor for a successful smart transport. It can sense other vehicles and road conditions ahead, allowing commuters to take preventive actions under dangerous conditions via signal systematic monitoring of arterial road traffic (SMART) signals infrastructure that collects and monitors event-based high-resolution traffic data from multiple intersections and generates real-time signal performance measures, including number of stops, queue length, intersection delay, and level of service to protect vehicles and find alternative way of working the whole system to prevent gridlock. Smart parking is a sensor monitoring techniques used to show the occupancy of cars parks and increasing the parking occupancy.

Browse an in-depth TOC on “Smart Transportation Market (2018 - 2023)”

Smart Transportation Market: Green Corridors a Disruptive Trend

Governments have been largely focused to eliminate problems by building a new motorway, widening a road, putting up signs, and establishing commuter lanes. Green corridors is the latest trend to support smart transport and environment. Automotive players strive to maintain their dominant position in the market by investing into R&D and forming strategic partnerships to drive sales and overall growth is primed to help the market prosper in the near future.

In order to become more sustainable, livable and efficient cities need to become smarter with smart transport that senses the traffic, other vehicles and road conditions allowing to take preventive actions such as finding alternative way for vehicles to avoid traffic jam.

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