Transport Monitoring Market, By Component, By Transportation Mode, By Application, By End User, By Geography

Description

The transport monitoring Market size is valued US$ 17.43 Bn in 2024 and is expected to reach US$ 34.17 Bn by 2031, growing at a compound annual growth rate (CAGR) of 10.1% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2023/2024:	US$ 17.43 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 - 2031
Forecast Period 2023/2024 to 2030/2031 CAGR:	10.10%	2030/2031 Value Projection:	US$ 34.17 Bn

Figure 1. Transport Monitoring Market Share (%), By Region, 2024

Transport monitoring refers to the process of tracking, analyzing, and managing transportation operations to ensure efficiency, safety, and compliance. With the increasing globalization and complexity of supply chains, the need for effective transport monitoring solutions has become more critical than ever. This has led to the development of advanced technologies and systems that enable real-time tracking of goods, vehicles, and drivers, as well as the collection and analysis of data to optimize transportation operations.

Market Dynamics:

The transport monitoring market is driven by various factors. One of the key drivers is the increasing need for real-time visibility and control over transportation operations. By leveraging advanced technologies such as internet-of-things (IoT), Global Positioning System (GPS), and telematics, transport monitoring solutions enable companies to track and monitor their assets, vehicles, and shipments in real-time. This enables better decision-making, improves operational efficiency, and enhances customer service.

However, there are also some restraints that may hinder the market growth. These include concerns about data security and privacy, the complexity of integrating transport monitoring solutions with existing systems, and the high implementation costs that are associated with deploying advanced technologies. Lack of awareness and understanding about the benefits of transport monitoring solutions among small and medium-sized enterprises (SMEs) may also pose a challenge to market growth.

Despite these challenges, the transport monitoring market presents significant opportunities. The integration of transport monitoring solutions with emerging technologies such as artificial intelligence (AI) and machine learning (ML) can unlock new possibilities for predictive analytics, route optimization, and proactive maintenance. Moreover, the increasing adoption of cloud-based solutions and the emergence of new service models such as software-as-a-service (SaaS) offer scalability, flexibility, and cost advantages for companies.

Key features of the study:

This report provides in-depth analysis of the global transport monitoring market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the transport monitoring market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Siemens AG, GeoTraq, Robert Bosch GmbH, Continental AG, Valeo, NEC Corporation, Verizon Communications Inc., Cubic Telecom Ltd., Fleet Complete, TomTom International B.V., Teletrac Navman, Ruptela, Arya Omnitalk, EFKON AG, and Hitachi, Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The transport monitoring market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the transport monitoring market.

Detailed Segmentation:

Transport Monitoring Market, By Component
- Hardware
- Sensors
- Cameras
- GPS Systems
- Software
- Video Analytics
- Predictive Analytics
- Services
- Consulting
- Integration & Deployment
- Support & Maintenance
Transport Monitoring Market, By Transportation Mode
- Roadways
- Passenger Cars
- Commercial Vehicles
- Railways
- Airways
- Maritime
- Pipeline
- Others (Off-highway vehicles)
Transport Monitoring Market, By Application
- Advanced Traffic Management
- Traffic Monitoring
- Traffic Optimization
- Fleet Monitoring
- Vehicle Tracking
- Fleet Analytics
- Intelligent Transport System
- Automated Tolling
- Traffic Signal Controlling
- Others (Driver Behavior Monitoring, Post-trip Vehicle Inspection)
Transport Monitoring Market, By End User
- Automotive Manufacturers
- OEMs
- Tier I Suppliers
- Suppliers
- Transport Authorities
- Highways
- Traffic
- Motor Vehicles
- Insurers
- Fleet Operators
- Private
- Commercial
- Others (Service Providers, Telecom Infrastructure Companies)
Transport Monitoring Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Top Companies in the Transport Monitoring Market:
- Siemens AG
- GeoTraq
- Robert Bosch GmbH
- Continental AG
- Valeo
- NEC Corporation
- Verizon Communications Inc.
- Cubic Telecom Ltd.
- Fleet Complete
- TomTom International BV.
- Teletrac Navman
- Ruptela
- Arya Omnitalk
- EFKON AG
- Hitachi, Ltd

Product Code: CMI6281

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Transport Monitoring Market Snippet, By Component
- Transport Monitoring Market Snippet, By Transportation Mode
- Transport Monitoring Market Snippet, By Application
- Transport Monitoring Market Snippet, By End User
- Transport Monitoring Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Increasing government focus on transportation safety and efficiency
Growth of IoT and big data analytics
Advancements in communication networks like 5G
Increasing adoption of fleet telematics
- Restrains
Data security and privacy concerns
High costs of deployment and ownership
Lack of supporting infrastructure in emerging economies
Interoperability and standardization issues
- Opportunity
Emergence of smart cities
Adoption of autonomous vehicles
Increasing use of drones for traffic and fleet monitoring
Leveraging computer ision and artificial intelligence
Key Highlights
Regulatory Scenario
Recent Trends
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Mergers, Acquisitions, and Collaborations

4. Transport Monitoring Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Transport Monitoring Market, By Component, 2024-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031(%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Hardware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)
Sensors
Cameras
GPS Systems
Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)
Video Analytics
Predictive Analytics
Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)
Consulting
Integration & Deployment
Support & Maintenance

6. Transport Monitoring Market, By Transportation Mode, 2024-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031(%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Roadways
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)
Passenger Cars
Commercial Vehicles
Railways
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)
Airways
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)
Maritime
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)
Pipeline
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)
Others (Off-highway vehicles)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)

7. Transport Monitoring Market, By Application, 2024-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031(%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Advanced Traffic Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)
Traffic Monitoring
Traffic Optimization
Fleet Monitoring
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)
Vehicle Tracking
Fleet Analytics
Intelligent Transport System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)
Automated Tolling
Traffic Signal Controlling
Others (Driver Behavior Monitoring, Post-trip Vehicle Inspection)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)

8. Transport Monitoring Market, By End User, 2024-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031(%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Automotive Manufacturers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)
OEMs
Tier I Suppliers
Aftermarket Suppliers
Transport Authorities
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)
Highways
Traffic
Motor Vehicles
Insurers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)
Fleet Operators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)
Private
Commercial
Others (Service Providers, Telecom Infrastructure Companies)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)

9. Transport Monitoring Market, By Region, 2024-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Sub-region, 2024 and 2031(%)
- Y-o-Y Growth Analysis, For Sub-region, 2019 -2031
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2024-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Transportation Mode, 2024-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2024-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2024-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2024-2031,(US$ Bn)
U.S.
Canada
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
GCC Countries
Israel
South Africa
North Africa
Central Africa
Rest of Middle East

10. Competitive Landscape

Company Profile
- Siemens AG
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
- GeoTraq
- Robert Bosch GmbH
- Continental AG
- Valeo
- NEC Corporation
- Verizon Communications Inc.
- Cubic Telecom Ltd.
- Fleet Complete
- TomTom International BV.
- Teletrac Navman
- Ruptela
- Arya Omnitalk
- EFKON AG
- Hitachi, Ltd.
Analyst Views

11. Section

References
Research Methodology
About us