Smart Transportation Market Size, Share Demand Analysis 2031

 

Precision Business Insights has published a report on the global smart transportation market, estimating its value at USD 161.4 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 39.5% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/smart-transportation-market

Market Definition:

With the ultimate goal of developing more effective and sustainable transportation systems, smart transportation makes use of contemporary technology such as cloud computing, wireless communication, and data analytics to improve mobility, traffic flow, and safety.

Drivers:

1)      Increasing adoption of advanced technologies such as artificial intelligence, IoT related to machine learning.

2)      Growing urban population and increased demographic rates.

The global smart transportation market segmentation:
1) By Type: Software, Hardware, and Services.
2) By Application: Navigation, Parking Management & Guidance System, Ticketing Management System, Integrated Supervision System, Traffic Management System, Signaling, Safety & Security, Mobility as a Service, Public Transport, Transit Hubs, Connected Cars, and Others.
3) By Mode of Transportation: Road Transportation, Rail Transportation, Airway Transportation, and Maritime Transportation.

Regional Overview:
The report also examines the current concerns and their Future Effects on the smart transportation market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the smart transportation market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like IBM, Xerox Corporation, Cubic Corporation, Accenture Plc, Oracle, Siemens, HITACHI, Alstom SA., Cisco Systems, GE Transportation, Thales S.A., Apsch AG.

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

 

Contact:
Mr. Satya
Precision Business Insights | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 – 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747