PUBLISHER: IMARC | PRODUCT CODE: 1298698
PUBLISHER: IMARC | PRODUCT CODE: 1298698
IoT in Transportation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global IoT in transportation market size reached US$ 119.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 372.7 Billion by 2028, exhibiting a growth rate (CAGR) of 19.8% during 2023-2028.
The Internet of Things (IoT) refers to a technological solution that is used for connecting mechanical equipment, vehicles, and objects to the internet. It utilizes actuators, embedded sensors, and other devices to gather and transmit data regarding real-world activities, such as road conditions, traffic, vehicle diagnostics, driving behavior, fuel usage, and alerts for speeding. It is widely used for remote monitoring, traffic congestion control system, automotive telematics, security and surveillance system, reservation, and toll and ticketing systems. IoT in transportation assists in improving safety, enhancing operation performance, customer experience, and optimizing maintenance by reducing recurring complexities and providing remote diagnosis and real-time monitoring. As a result, it is widely used in airways, railways, maritime, and roadways.
IoT in Transportation Market Trends:
Significant growth in the railway system due to the increasing need for urban connectivity across the globe is creating a positive outlook for the market. IoT in railways is commonly used to check the flow of passengers, timetable management, capacity optimization, and predictive maintenance. In line with this, the introduction of smart railway systems that is equipped with IoT enabled sensors and devices to monitor conveyance performance and environmental conditions is acting as another growth-inducing factor. This, in turn, is aiding the sector in improving operational efficiency and safety, while reducing delays. Additionally, the widespread product adoption in roadway vehicles due to the increasing need for interconnected mobility solutions that reduce commute time and road traffic is positively impacting the market growth. Other factors, including the rising spending capacities of consumers, particularly in emerging economies, enhanced internet connectivity, significant expansion in the information and communications technology (ICT) sector, and the implementation of various government initiatives for the development of smart cities, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global IoT in transportation market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, mode of transport and application.
Breakup by Type:
Hardware
Software
Services
Breakup by Mode of Transport:
Roadways
Railways
Airways
Maritime
Breakup by Application:
Traffic Congestion Control Systems
Automotive Telematics
Reservation, Toll and Ticketing Systems
Security and Surveillance Systems
Remote Monitoring
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alcatel-Lucent Enterprise (China Huaxin Post and Telecom Technologies Co. Limited), AT&T Inc., Cisco Systems Inc., DENSO Corporation, Garmin Ltd, International Business Machines Corporation, Microsoft Corporation, Sierra Wireless Inc., Software Aktiengesellschaft, Thales Group, TomTom N.V. and Verizon Communications Inc.
Key Questions Answered in This Report
1. What was the size of the global IoT in transportation market in 2022?
2. What is the expected growth rate of the global IoT in transportation market during 2023-2028?
3. What has been the impact of COVID-19 on the global IoT in transportation market?
4. What are the key factors driving the global IoT in transportation market?
5. What is the breakup of the global IoT in transportation market based on the type?
6. What is the breakup of the global IoT in transportation market based on the mode of transport?
7. What is the breakup of the global IoT in transportation market based on the application?
8. What are the key regions in the global IoT in transportation market?
9. Who are the key players/companies in the global IoT in transportation market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global IoT in Transportation Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Hardware
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Software
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Services
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Mode of Transport
- 7.1 Roadways
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Railways
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Airways
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Maritime
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Application
- 8.1 Traffic Congestion Control Systems
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Automotive Telematics
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Reservation, Toll, and Ticketing Systems
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Security and Surveillance Systems
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Remote Monitoring
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Alcatel-Lucent Enterprise (China Huaxin Post and Telecom Technologies Co. Limited)
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 AT&T Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Cisco Systems Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 DENSO Corporation
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Garmin Ltd
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 International Business Machines Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Microsoft Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Sierra Wireless Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Software Aktiengesellschaft
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.10 Thales Group
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 TomTom N.V.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Verizon Communications Inc.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.1 Alcatel-Lucent Enterprise (China Huaxin Post and Telecom Technologies Co. Limited)
List of Figures
- Figure 1: Global: IoT in Transportation Market: Major Drivers and Challenges
- Figure 2: Global: IoT in Transportation Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: IoT in Transportation Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: IoT in Transportation Market: Breakup by Type (in %), 2022
- Figure 5: Global: IoT in Transportation Market: Breakup by Mode of Transport (in %), 2022
- Figure 6: Global: IoT in Transportation Market: Breakup by Application (in %), 2022
- Figure 7: Global: IoT in Transportation Market: Breakup by Region (in %), 2022
- Figure 8: Global: IoT in Transportation (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: IoT in Transportation (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: IoT in Transportation (Software) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: IoT in Transportation (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: IoT in Transportation (Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: IoT in Transportation (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: IoT in Transportation (Roadways) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: IoT in Transportation (Roadways) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: IoT in Transportation (Railways) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: IoT in Transportation (Railways) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: IoT in Transportation (Airways) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: IoT in Transportation (Airways) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: IoT in Transportation (Maritime) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: IoT in Transportation (Maritime) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: IoT in Transportation (Traffic Congestion Control Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: IoT in Transportation (Traffic Congestion Control Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: IoT in Transportation (Automotive Telematics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: IoT in Transportation (Automotive Telematics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: IoT in Transportation (Reservation, Toll and Ticketing Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: IoT in Transportation (Reservation, Toll and Ticketing Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: IoT in Transportation (Security and Surveillance Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: IoT in Transportation (Security and Surveillance Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: IoT in Transportation (Remote Monitoring) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: IoT in Transportation (Remote Monitoring) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: IoT in Transportation (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: IoT in Transportation (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: North America: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: North America: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: United States: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: United States: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Canada: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Canada: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Asia-Pacific: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Asia-Pacific: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: China: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: China: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Japan: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Japan: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: India: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: India: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: South Korea: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: South Korea: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Australia: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Australia: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Indonesia: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Indonesia: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Others: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Others: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Europe: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Europe: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Germany: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Germany: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: France: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: France: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: United Kingdom: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: United Kingdom: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Italy: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Italy: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Spain: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Spain: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Russia: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Russia: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Latin America: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Latin America: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Brazil: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Brazil: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Mexico: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Mexico: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Others: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Others: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Middle East and Africa: IoT in Transportation Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Middle East and Africa: IoT in Transportation Market: Breakup by Country (in %), 2022
- Figure 82: Middle East and Africa: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Global: IoT in Transportation Industry: SWOT Analysis
- Figure 84: Global: IoT in Transportation Industry: Value Chain Analysis
- Figure 85: Global: IoT in Transportation Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: IoT in Transportation Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: IoT in Transportation Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: IoT in Transportation Market Forecast: Breakup by Mode of Transport (in Million US$), 2023-2028
- Table 4: Global: IoT in Transportation Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: IoT in Transportation Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: IoT in Transportation Market: Competitive Structure
- Table 7: Global: IoT in Transportation Market: Key Players
