Smart Transportation Market - Forecast(2020 - 2025)

Report Code: ITR 27606 Report Format: PDF + Excel (Delivery in 48 Hrs)
Smart Transportation Market forecast to reach $128.1 billion by 2025, at a CAGR of 13.1% during 2020-2025. Increase in urban population, various government regulations, growing smart city initiatives assist in developing connected vehicle technologies such as Vehicle-to-Vehicle (V2V) and Vehicle-to-Grid infrastructure (V2I).  For instance, Indian government provided a funding of $7.6 billion for the development of smart infrastructure and management services under the smart city initiative program over a five year period from 2016 to 2021. Such investments and initiatives are likely to improve the smart transportation market.

Report Coverage

The report: “Smart Transportation Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Smart transportation Market. 

By Transportation Mode: Roadways, railways, Airways, maritime
By Applications: Traffic Management, Road Safety and Security, Parking 
By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa)

Key Takeaways

  • North America dominated the smart transportation market share for about 35%, due to rapid deployment of smart transportation solutions.
  • According to Smart transportation market analysis, technological innovations such as Vehicle-to-Vehicle (V2V) and Vehicle-to-Grid infrastructure (V2I), are making transport systems more efficient, reliable and brought major changes in the way everything operates.
  • Smart traffic management solutions hold the highest share in the smart transportation due to smart traffic management systems, which are inbuilt with sensors and regulate the flow of traffic by reducing traffic congestion.
  • Smart Transportation top 10 companies include Accenture, Cisco, GE, IBM, Siemens, Thales, SAP, Huawei, Cubic, Toshiba, Bentley Systems, Descartes, Rockwell Collins, Trimble, DNV, Conduent among others.

Type - Segment Analysis

Roadways account for the highest share in the smart transportation market. According to the report given by United States Environment Protection Agency in 2017, the transportation sector generates the largest share of greenhouse emissions accounting for 28% of total emissions globally. The adoption of smart transportation solutions, such as compressed natural gas, smart fuels and connected vehicles, helps in reducing the total vehicle carbon emissions and enhancing the environmental safety. The railway sector is expected to grow at the fastest rate over the forecast period. It carries billions of tons of freight and passengers each year, which results in the development of efficient smart rail infrastructure and technologies. The government of various countries are also taking up initiatives and implementing regulations for the development of the smart railway system. In some countries including China, the government has invested $28 billion in various PPP projects for implementing smart railways. 

Application - Segment Analysis

Smart traffic management solutions hold the highest CAGR of 20.22% during forecast period 2020-2025. With the growing traffic congestion, pollution, and accidents, smart traffic management are gaining popularity in various countries. For instance, in January 2018, the China-based firm, Didi Chuxing together with Chinese traffic management authorities launched a smart city traffic management solution known as DiDi Smart Transportation Brain which uses artificial intelligence (AI) capabilities to promote the transformation and upgrading of the taxi and bus industries, and help cities develop sustainable smart transportation ecosystems. Similarly in 2018, Government of India has approved to fund $8.9 billion to use artificial intelligence to decongest traffic and monitor violations. These kind of technologies are likely to accelerate smart transportation market trends.

Geography - Segment Analysis

In 2019, North America dominated the smart transportation market share for about 35%, due to rapid deployment of smart transportation solutions, which offer features such as real-time traffic information, parking management systems, smart signaling systems, electronic toll collection, and real-time information for public transit systems. For Instance in 2016, The US Department of Transportation invested approximately $160 billion for smart cities solutions. These projects are intended to provide better parking and traffic management solutions there by creating the demand for smart transportation market.  

Drivers –Smart Transportation Market

  • Advancement in Parking Management and smooth flow of traffic

Rise in use of vehicles results in increase in parking issues worldwide, which can be overcome with the introduction of advanced parking management system (APMS). APMS assists people to find parking spots quickly, thereby enhancing the visitor’s experience. Similarly, Smart transportation systems give city managers the ability to better control the flow of traffic and provide the best routes for emergency and law enforcement personnel responding to incidents, as well as trucks delivering goods. For instance, in June 2016, the Texas Transportation Commission announced the approval of a $1.3 billion plan to reduce vehicular congestion in the most congested roadways in Texas. These kind of investments will create the demand for smart transportation market.

  • Rise in demand for efficient transportation

Smart transportation utilizes information technology and artificial intelligence to efficiently manage and coordinate advanced public transportation systems. For instance, in Germany, they are using artificial intelligence to optimize traffic light control and reduce the waiting time at an intersection. The application of smart transportation network allows the traveling population to be aware of the traffic for better coordination and to ensure safety of the drivers. Over the past decade, traffic congestion has continued to increase globally. For instance In the U.S. alone, traffic congestion costed $305 billion in 2018, an increase of $10 billion from 2017. Increase in congestion will make the governments of different countries to deploy efficient transportation system.  Hence these benefits are analyzed to drive the market in the forecast period 2020-2025.

Challenges – Smart Transportation Market

  • High investment in improving infrastructure : 

High investment in improving the infrastructures of existing transportation industry is obstructing the growth of smart transportation market size. For instance, China is investing approximately $551 million per year in Intelligent Transport System (ITS). Improvement of existing roads or rail projects requires long time period which further increases the resource and cost of the project. Similarly, complexities in advanced transportation pricing systems, infrastructure development and lack of internet penetration in under developed countries further need heavy investment for to improve supporting infrastructure for smart transportation.

Market Landscape

Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Smart Transportation market. In 2019, the market of the Smart Transportation industry outlook has been fragmented by several companies. Smart Transportation top 10 companies include Accenture, Cisco, GE, IBM, Siemens, Thales, SAP, Huawei, Cubic, Toshiba, Bentley Systems, Descartes, Rockwell Collins, Trimble, DNV, Conduent among others. 

Acquisitions/Technology Launches

  • April 2019- Cisco and Dimension Data announced a new co-innovation agreement, to develop a deeper collaboration environment and framework to jointly solve clients’ business needs.
  • March- 2019 Siemens upgraded its smart transportation product portfolio. The new eHighway system, according to the company, is twice as efficient as conventional internal combustion engines. This Siemens Mobility innovation supplies trucks with power from an overhead contact line. 
1. Smart Transportation Market - Overview
    1.1 Definitions and Scope
2. Smart Transportation Market - Executive summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by type of Application
    2.3 Key Trends segmented by Geography
3. Smart Transportation Market (Premium)
    3.1 Comparative analysis
        3.1.1 Product Benchmarking - Top 5 companies
        3.1.2 Top 5 Financials Analysis
        3.1.3 Market Value split by Top 5 companies
        3.1.4 Patent Analysis - Top 5 companies
        3.1.5 Pricing Analysis
4. Smart Transportation Market - Startup companies Scenario Premium (Premium)
    4.1 Top 5startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Smart Transportation Market - Industry Market Entry Scenario Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top 5 companies
6. Smart Transportation Market Forces
    6.1 Drivers
    6.2 Constraints
    6.3 Challenges
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes
7. Smart Transportation Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Product life cycle
    7.4 Suppliers and distributors Market Share
8. Smart Transportation Market- By Transportation Mode
    8.1 Roadways
    8.2 Airways
    8.3 Railways
    8.4 Waterways
9. Smart Transportation Market- By Services and Solution
    9.1 Traffic Management
    9.2 Parking Management
    9.3 Navigation System
    9.4 Speed Limit Adjustment
    9.5 Freight tracking System
    9.6 Fare collection and Revenue management
    9.7 Transit Management 
10. Smart Transportation Market- By Deployment 
    10.1 Cloud based
    10.2 On premises
11. Smart Transportation Market- By Application
    11.1 Connected Cars
    11.2 Mobility as a Service (MaaS) Systems
    11.3 Advanced Traffic Management Systems (ATMS)
    11.4 Advanced Traveler Information Systems (ATIC)
    11.5 Advanced Transportation Pricing Systems (ATPS
    11.6 Cooperative Vehicle Systems
12. Smart Transportation Market – By Technology
    12.1 Vehicle to Vehicle (V2V) 
    12.2 Vehicle to Infrastructure (V2I)
13. Smart Transportation Market - By Geography (Market Size -$Million / $Billion)
    13.1 North America Product type and Application Market Size
        13.1.1 U.S
        13.1.2 Canada 13.1.3 Mexico 
    13.2 South America Product type and Application Market Size
        13.2.1 Brazil
        13.2.2 Argentina
        13.2.3 Rest of South America
    13.3. Europe Segment Product type and Application Market Size
        13.3.1 U.K
        13.3.2 Germany
        13.3.3 France
        13.3.4 Italy
        13.3.5 Spain
        13.3.6 Netherlands
        13.3.7 Rest of Europe
    13.4 APAC Segment - Product type and Application Market Size
        13.4.1 China
        13.4.2 Japan
        13.4.3 India 
        13.4.4 Australia
        13.4.5 South Korea
        13.4.6 Rest of APAC
    13.5 Middle East and Africa Segment Product type and Application Market Size
        13.5.1 Middle East
        13.5.2 Africa
14. Smart Transportation Market - Entropy
    14.1 New product launches
    14.2 M&A s, collaborations, JVs and partnerships
15. Smart Transportation Market - Industry / Segment Competition landscape Premium (Premium)
    15.1 Market Share Analysis
        15.1.1 Market Share by Country- Top companies
        15.1.2 Market Share by Region- Top 5 companies
        15.1.3 Market Share by type of Application - Top 5 companies
        15.1.4 Market Share by type of Product / Product category- Top 5 companies
        15.1.5 Market Share at a global level - Top 5 companies
        15.1.6 Best Practices for companies
16. Smart Transportation Market - Key Company List by Country Premium (Premium) 
17. Smart Transportation Company Analysis
    17.1 Market Share, Company Revenue, Products, M&A, Developments
    17.2 Cisco Systems
    17.3 IBM
    17.4 Seimens Ltd.
    17.5 Thales Group
    17.6 Toshiba Corporation 
    17.5 Alstom
    17.8 Cubic Corporation
    17.9 Bentley Systems
    17.10 Kapsch Traffic Com
    17.11 MSR-Traffic
    17.12 Indigo Group
    17.13 Indra Sistemas
    17.14 Huawei
18. Smart Transportation Market - Appendix
    18.1 Abbreviations
    18.2 Sources
19. Smart Transportation Market - Methodology
    19.1 Research Methodology
        19.1.1 Company Expert Interviews
        19.1.2 Industry Databases
        19.1.3 Associations
        19.1.4 Company News
        19.1.5 Company Annual Reports
        19.1.6 Application Trends
        19.1.7 New Products and Product database
        19.1.8 Company Transcripts
        19.1.9 R&D Trends
        19.1.10 Key Opinion Leaders Interviews
        19.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Smart Transportation Market By Transportation Mode Market 2019-2024 ($M)
1.1 Roadways Market 2019-2024 ($M) - Global Industry Research
1.2 Railways Market 2019-2024 ($M) - Global Industry Research
1.3 Airways Market 2019-2024 ($M) - Global Industry Research
1.4 Maritime Market 2019-2024 ($M) - Global Industry Research
2.Global Smart Transportation Market By Transportation Mode Market 2019-2024 (Volume/Units)
2.1 Roadways Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Railways Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Airways Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 Maritime Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Smart Transportation Market By Transportation Mode Market 2019-2024 ($M)
3.1 Roadways Market 2019-2024 ($M) - Regional Industry Research
3.2 Railways Market 2019-2024 ($M) - Regional Industry Research
3.3 Airways Market 2019-2024 ($M) - Regional Industry Research
3.4 Maritime Market 2019-2024 ($M) - Regional Industry Research
4.South America Smart Transportation Market By Transportation Mode Market 2019-2024 ($M)
4.1 Roadways Market 2019-2024 ($M) - Regional Industry Research
4.2 Railways Market 2019-2024 ($M) - Regional Industry Research
4.3 Airways Market 2019-2024 ($M) - Regional Industry Research
4.4 Maritime Market 2019-2024 ($M) - Regional Industry Research
5.Europe Smart Transportation Market By Transportation Mode Market 2019-2024 ($M)
5.1 Roadways Market 2019-2024 ($M) - Regional Industry Research
5.2 Railways Market 2019-2024 ($M) - Regional Industry Research
5.3 Airways Market 2019-2024 ($M) - Regional Industry Research
5.4 Maritime Market 2019-2024 ($M) - Regional Industry Research
6.APAC Smart Transportation Market By Transportation Mode Market 2019-2024 ($M)
6.1 Roadways Market 2019-2024 ($M) - Regional Industry Research
6.2 Railways Market 2019-2024 ($M) - Regional Industry Research
6.3 Airways Market 2019-2024 ($M) - Regional Industry Research
6.4 Maritime Market 2019-2024 ($M) - Regional Industry Research
7.MENA Smart Transportation Market By Transportation Mode Market 2019-2024 ($M)
7.1 Roadways Market 2019-2024 ($M) - Regional Industry Research
7.2 Railways Market 2019-2024 ($M) - Regional Industry Research
7.3 Airways Market 2019-2024 ($M) - Regional Industry Research
7.4 Maritime Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Smart Transportation Market Revenue, 2019-2024 ($M)
2.Canada Smart Transportation Market Revenue, 2019-2024 ($M)
3.Mexico Smart Transportation Market Revenue, 2019-2024 ($M)
4.Brazil Smart Transportation Market Revenue, 2019-2024 ($M)
5.Argentina Smart Transportation Market Revenue, 2019-2024 ($M)
6.Peru Smart Transportation Market Revenue, 2019-2024 ($M)
7.Colombia Smart Transportation Market Revenue, 2019-2024 ($M)
8.Chile Smart Transportation Market Revenue, 2019-2024 ($M)
9.Rest of South America Smart Transportation Market Revenue, 2019-2024 ($M)
10.UK Smart Transportation Market Revenue, 2019-2024 ($M)
11.Germany Smart Transportation Market Revenue, 2019-2024 ($M)
12.France Smart Transportation Market Revenue, 2019-2024 ($M)
13.Italy Smart Transportation Market Revenue, 2019-2024 ($M)
14.Spain Smart Transportation Market Revenue, 2019-2024 ($M)
15.Rest of Europe Smart Transportation Market Revenue, 2019-2024 ($M)
16.China Smart Transportation Market Revenue, 2019-2024 ($M)
17.India Smart Transportation Market Revenue, 2019-2024 ($M)
18.Japan Smart Transportation Market Revenue, 2019-2024 ($M)
19.South Korea Smart Transportation Market Revenue, 2019-2024 ($M)
20.South Africa Smart Transportation Market Revenue, 2019-2024 ($M)
21.North America Smart Transportation By Application
22.South America Smart Transportation By Application
23.Europe Smart Transportation By Application
24.APAC Smart Transportation By Application
25.MENA Smart Transportation By Application
26.Thales Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Huawei, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Siemens, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.IBM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Cisco Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.SAP, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Cubic, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Alstom, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Bombardier, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Toshiba, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Harris, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Saab, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Veson Nautical, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Advanced Navigation & Positioning, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Bass Software, Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.Bentley Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
42.Indra Sistemas, Sales /Revenue, 2015-2018 ($Mn/$Bn)
43.Trimble, Sales /Revenue, 2015-2018 ($Mn/$Bn)
44.Tom Tom, Sales /Revenue, 2015-2018 ($Mn/$Bn)
45.Amadeus, Sales /Revenue, 2015-2018 ($Mn/$Bn)
46.Conduent, Sales /Revenue, 2015-2018 ($Mn/$Bn)
47.Kapsch, Sales /Revenue, 2015-2018 ($Mn/$Bn)
48.Hitachi, Sales /Revenue, 2015-2018 ($Mn/$Bn)
49.Descartes, Sales /Revenue, 2015-2018 ($Mn/$Bn)
50.Accenture, Sales /Revenue, 2015-2018 ($Mn/$Bn)
51.Rockwell Collins, Sales /Revenue, 2015-2018 ($Mn/$Bn)
52.DNV GL, Sales /Revenue, 2015-2018 ($Mn/$Bn)