Market Research Report
Smart Transportation: Technologies and Markets
|Published by||BCC Research||Product code||962168|
|Published||Content info||146 Pages
Delivery time: 1-2 business days
|Smart Transportation: Technologies and Markets|
|Published: September 18, 2020||Content info: 146 Pages||
The global market for smart transportation technologies should grow from $90.4 billion in 2020 to $183.0 billion by 2025, at a compound annual growth rate (CAGR) of 15.1% during the forecast period of 2020-2025.
The European market for smart transportation technologies should grow from $25.7 billion in 2020 to $50.7 billion by 2025, at a CAGR of 14.6% during the forecast period of 2020-2025.
The APAC market for smart transportation technologies should grow from $18.8 billion in 2020 to $41.8 billion by 2025, at a CAGR of 17.3% during the forecast period of 2020-2025.
This report analyzes the market for commercialized smart transportation solutions. It helps readers to understand how the smart transportation solutions market will evolve, as well as the trends that will impact its adoption. The report focuses on mobility solutions that have been developed or customized to meet the unique needs of intelligent transport systems. The scope of this report also includes services provided for integrating such solutions or managed connectivity services.
This BCC Research study was conducted with a global perspective in terms of the smart transportation technologies and its applications. Market projections have been conducted for five geographic regions: North America, South America, Europe, Middle East and Africa, and Asia-Pacific.
The scope of the report encompasses various components used in smart transportation namely solutions and services. The market also is divided based on modes of transportation. Additionally, the application industry for the market is segmented into shared mobility, public transport, remote information/guidance, autonomous/driverless vehicles, and others, which include transit hub, electronic toll collection, and variable speed limit. The present global market offers an opportunity to the stakeholders, largely because of a surge in cloud-based services and the increased use of the IoT devices across automotive sector.
This report highlights different solution types in the smart transportation market, which includes parking management, traffic management, security & surveillance, smart ticketing, passenger information management and others comprising fleet management, vehicle telematics, and automatic number plate recognition (ANPR). The services segment is majorly sub-divided into training and consulting, integration services, support and maintenance. The estimated and forecast market revenue considered in this report is the summation of prices for software, hardware, and subscription services.
This report also offers insights on drivers, restraints, and opportunities for the market, which was gathered through primary and secondary research. The strategy adopted by the companies in the global market is provided in the report to analyze ongoing trends in the market. The report provides market share analysis and key vendor profiles of top smart transportation solution providers. The region level study includes North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
This report considers the impact of COVID-19 and the economic that caused slowdown it created in economy due to lockdown in various countries. When people are following social distancing and relying more on technology, it is observed that the security threats has been increased along with growing cyber-attacks. It is expected that the demand for connectivity solutions across the automotive industry will increase due to COVID-19 pandemic and boost the smart transportation market.