PUBLISHER: Lucintel | PRODUCT CODE: 1195448
PUBLISHER: Lucintel | PRODUCT CODE: 1195448
IoT in the Global Transportation Market Trends and Forecast
The future of IoT in the transportation market looks promising with opportunities in traffic congestion control systems, automotive telematics, reservation, toll and ticketing systems, security and surveillance systems, and remote monitoring. The IoT in global transportation market is expected to grow with a CAGR of 19% to 21% from 2023 to 2028. The major drivers for this market are enhanced internet penetration, decreased cost of powerful sensors and controllers, and rising adoption of cloud computing and analytics.
Emerging Trends in the IoT in the Global Transportation Market
Emerging trends, which have a direct impact on the dynamics of the industry, include rise in need for advanced technological solutions, such as robots, drones, and self-driving vehicles, and rising spending capacities of consumers.
A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below. To learn the scope, benefits, companies researched and other details of the IoT in the global transportation market report.
IoT in the Global Transportation Market by Segments
IoT in Transportation Market by Component [Value ($B) Shipment Analysis from 2017 to 2028]:
IoT in TransportationMarket by Mode of Transport [Value ($B) Shipment Analysis from 2017 to 2028]:
IoT in Transportation Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
IoT in Transportation Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
List of IoT in the Global Transportation Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, IoT in transportation companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the IoT in transportation companies profiled in this report include-
IoT in the Global Transportation Market Insights
Features of the IoT in Transportation Market
FAQ
Q1. What is the IoT in transportation market size?
Answer: The IoT in global transportation market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for IoT in transportation market?
Answer: The IoT in global transportation market is expected to grow with a CAGR of 19% to 21% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the IoT in transportation market?
Answer: The major drivers for this market are enhanced internet penetration, decreased cost of powerful sensors and controllers, and rising adoption of cloud computing and analytics.
Q4. What are the major segments for IoT in transportation market?
Answer: The future of the IoT in transportation market looks promising with opportunities in the traffic congestion control systems, automotive telematics, reservation, toll and ticketing systems, security and surveillance systems, remote monitoring, and other markets
Q5. What are the emerging trends in IoT in transportation market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include rise in need for advanced technological solutions such as robots, drones, and self-driving vehicles and rising spending capacities of consumers.
Q6. Who are the key IoT in transportation companies?
Answer: Some of the key IoT in transportation companies are as follows:
Q7. Which IoT in transportation segment will be the largest in future?
Answer:Lucintel forecasts that hardware will remain the largest segment over the forecast period due to the growing demand for IoT devices, rising demand for low-cost hardware, and increasing requirement of multiple sensors and chips for smart devices.
Q8. In IoT in transportation market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to the presence of key vendors, favorable government policies, and growing concern for transportation safety in the region.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
7:5: Denso Corp.