Smart Transportation Market was valued at USD 115.59 Billion in 2022, and is expected to reach USD 234.01 Billion by 2029, exhibiting a CAGR of 10.6% during the forecast period (2023-2029).
Smart Transportation Market Overview:
The goal of this research is to give a comprehensive overview of the Smart Transportation market by segment, industry, and geography. The research includes thorough information on the primary elements impacting the Smart Transportation industry’s growth. The research also includes an in-depth evaluation of the market’s value chain.
Smart Transportation Market Scope:
The research technique used to analyze and predict the Smart Transportation market begins with the collection of revenue data from major suppliers using secondary research sources. Vendor offers are also taken into account while developing market segmentation. The income of big firms was used to estimate the overall size of the Smart Transportation market using the bottom-up technique.
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Smart Transportation Market Segmentation:
According to Solution, the global market for smart transportation solutions will be dominated by traffic management system solutions in 2022 as a result of expanding urbanisation, rising environmental concerns, and a desire for real-time information. Due to the government’s growing attention on traffic management and several initiatives in North America aiming at traffic management solutions and services, the traffic management system is widely used in North America.
Smart Transportation Market Key Players:
The major players covered in the Smart Transportation market report are
1. Thales
2. Huawei
3. Siemens
4. IBM
5. Cisco Systems
6. SAP
7. Cubic
8. ALSTOM
9. Bombardier
10. Toshiba
11. Harris
12. Saab
13. Veson Nautical
14. Advanced Navigation Positioning Corporation (ANPC)
15. BASS Software
16. BENTLEY SYSTEMS
17. Indra Sistemas
18. Trimble
19. TomTom
20. Amadeus
21. Conduent
22. Kapsch
23. Hitachi
24. The Descartes Systems
25. Accenture
26. Rockwell Collins
27. DNV GL
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Smart Transportation Market Regional Analysis:
A research team conducted extensive primary and secondary research for the worldwide industry’s Smart Transportation market study. Secondary research has been conducted in order to improve the available data, segment the market, assess total market size, forecast market size, and growth rate. Various approaches for calculating market value and market growth rate have been established. Our staff collects market facts and data from many areas in order to provide a more realistic regional perspective. The research’s country-level analysis is developed by examining multiple regional stakeholders, regional tax laws and policies, consumer behavior, and macroeconomic indicators.
Separate market share data is provided for North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Analysts should maximize their competitive strengths and do competitive analysis on each rival independently.
COVID-19 Impact Analysis on Smart Transportation Market:
The Smart Transportation market research also includes a complete assessment of COVID-19’s influence on the Smart Transportation market based on import, suppliers, and market players.
Key Questions Answered in the Smart Transportation Market Report are:
- Which segment was responsible for the largest share in the Smart Transportation market?
- How was the competitive scenario of the Smart Transportation market in 2022?
- Which are the key factors responsible for the Smart Transportation market growth?
- Which region held the maximum share in the Smart Transportation market in 2022?
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