Smart Transportation Market Size, Market Status and Future Forecasts to 2026

Smart Transportation Market Outlooks (2019-2026)

Straits Research has announced the addition of a new report titled, "Smart Transportation Market", into its vast repository of research reports. This research report evaluates the industry status, market size, competitive landscape, market share, and growth opportunity. Then, the report provides an in-depth study of all the leading factors influencing the market on a global and regional level, including key drivers, challenges, opportunities, restraints, threats, and industry-specific trends.

The smart transportation market is expected to grow at a CAGR of 12% during the forecast period 2019-2026.

[caption id="attachment_35" align="alignnone" width="660"] The smart transportation market[/caption]

The research report takes into consideration the drivers, restraints, trends, and opportunities of the Smart Transportation market in order to identify the future of the market. The report also provides an estimation of the overall market size in terms of both value and volume and offers qualitative and quantitative insights into the key segments and the geographical subdivisions of the Smart Transportation market.

Smart transportation refers to the implementation of technologies in transport infrastructure and services for passenger and freight (smart cargo) transport with an aim to reduce environmental impact through better mobility management. Introduction of advanced parking management systems has been boosting market growth as these systems assist people in quickly locating parking spots, thereby enhancing visitor experience. Supportive government initiatives are also fuelling market growth to an extent. The EU Directive on ITS, passed on July 7, 2010, for the efficient management of road traffic is one such initiative.

Some of the major player in the smart transportation market are Thales (France), Huawei (China), Siemens (Germany), IBM (U.S.), Cisco Systems (U.S.), SAP (Germany), Cubic (U.S.), ALSTOM (France), Toshiba (Japan), Harris (U.S.), Saab (Sweden), BENTLEY SYSTEMS (U.S.), Kapsch (Austria), Hitachi (Japan), The Descartes Systems (Canada), Accenture (Republic of Ireland), Rockwell Collins (U.S.), and DNV GL (Norway).

With all these analyses and information, this report can act as a valuable guide to readers looking to gain a clear understanding of all the factors that are influencing the market for Smart Transportation market at present and are projected to remain to do so over the forecast period.

As the report advances further, it explains developing plans and policies, making processes, cost structures of Smart Transportation market as well as the leading players. It also concentrates on the aspects like company profile, product images, supply chain relationship, import/export details of the market, market statistics of Smart Transportation market, upcoming development plans, Market gains, Contact details, Consumption ratio.

Additionally, the information on the latest developments in this Smart Transportation market, both, at the global as well as regional level, is expected to enhance the decision-making capability of the reader. Up-to-date information on various specifications, buyer analysis, their purchasing volume, prices, and price analysis, and deep insights on the leading suppliers have also been provided in this study for the readers.

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Market Segmentation:

By Product Type, Advanced Traveller Information Systems, Advanced Transportation Management Systems, Advanced Transportation Pricing Systems,

By Transportation Mode, Roadways, Railway, Airway, Maritime,

By Solution, Smart Ticketing, Traffic and Freight Management, PIS,

The scope of the report:

• Current market size for 2019 and forecast till 2026
• Strategic analysis and market focus
• Latest industry-specific trends and the technological advancements
• Market developments covering M&A, investment, funding, partnerships, collaborations, etc.
• Competitive Landscape Analysis

Research objectives:-

• To study and analyze the global Smart Transportation consumption (value & volume) by key regions/countries, product type, and application, history data, and forecast to 2026.
• To understand the structure of the Smart Transportation market by identifying its various sub-segments.
• Focuses on the key global Smart Transportation manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
• To analyze the Smart Transportation with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

Overall the report offers detailed coverage of Smart Transportation industry and presents main market trends. This research gives historical and forecasts market size, demand and production forecasts, end use demand details, price trends, and company shares of the leading Smart Transportation producers to provide exhaustive coverage of the market.

If you have any special requirements, please let us know and we will offer you the report as you want.

Jacobs holds is a freelance journalist based in New York City who covers all industry reports with the latest trends.