Global Smart Transportation Market By Transportation Mode(Roadways, Railways, others), By Solution (Smart Ticketing, PIS, Others), By Application (Transit Hubs, Connected cars, Others), By Region–Forecast & Opportunities to 2026
Report Description
The global smart transportation market accounted for a value of USD 75.1 billion in 2019. The global smart transportation market is expected to register growth at a compound annual growth rate of 9.1% during the forecast period.
The COVID-19 has impacted transportation business immensely. The isolation policies enforced by government across the world along with moment restriction policies worldwide have immensely affected transportation market. In many countries the fare and toll collections have been stopped. Thus, during this pandemic the transportation market will witness a significant decline during the forecast period.
Definition:
Smart transportation systems also called intelligent transport system (ITS). It can be defined as advanced transportation infrastructure which provides innovative services for transport and traffic management systems. Smart transport enables users to be safer, well informed and smarter use of transport networks. Smart transformation is also applicable in passenger information, traffic management and parking management & guidance.
Market Dynamics (Drivers/Opportunities):
Smart transportation system’s successful implementation is totally depends on multiple technological facets such as cloud, mobility, sensors and data communication and IoT etc. advancement in all these technologies have improved object connectivity led to smarter ecosystem in transportation. Thus, drives growth in Smart transportation market during forecast period.
The objects connectivity leads to better understanding of customer behavior and results in better decision making. The networking technologies advancement and performance enhances capability of applications and solutions such as travel assistance systems, road traffic management, rail operation management and incident management. Thus, the demand for smart transportation is increasing immensely. This is likely to drive growth in smart transportation systems.
The installation of technologies in transportation system enables it to become self-governing and highly intelligent. Smart transportation system will be able to collect data from multiple sources and share them over centralized control center by using cloud. These features improve safety and connectivity of transportation and drives growth in smart transportation systems during the forecast period.
Market Insights, by Transportation Mode
On the basis of transportation mode, the smart transportation market is segmented into roadways, railways, maritime and airways. The roadways mode of transportation is expected to hold largest market share during forecast period. The popularity of smart transportation is increasing immensely as it helps in improving road safety along with effective management and monitoring of vehicular traffic. It also improves road safety for passengers & drivers and reduce crash rate. This is a major driving factor for smart transportation market during the forecast period.
Market Insights, by Solution
On the basis of solution, the smart transportation market is segmented into smart ticketing, freight management and PIS. The smart ticketing market is projected to register growth at highest CAGR during the forecast period. The smart ticketing solution is one of the very innovative solutions for ticketing processes. The smart ticketing solution in roadways and airways is gaining momentum globally however the smart ticketing solution in airways is more popular. It equips with efficient features such as self-luggage, self-boarding and efficient operation by airline staff during peak hours. All these factors contribute in growth of smart ticketing solution in smart transportation during forecast period.
Market Insights, by Application
On the basis of application, the smart transportation market segmented into public transport, transit hubs, video management, connected cars, route information & route guidance, mobility as services and others. The public transport segment accounted for maximum market share in 2018. It is estimated to hold largest market share during forecast period. The public transport agencies are implementing smart transportation system rapidly to manage commute traffic. The integration of intermodal truck data collection, freight management system and truck weight checking system is gaining immense popularity in this segment. The public transportation systems are adopting many smart transportation solutions at faster rate than other. This factor is likely to drive growth in public transport segment during the forecast period.
Regional Insights
Europe region is expected to register growth at highest CAGR during the forecast period. This region is considered as one the most advanced region in terms of infrastructure development and adoption of technology. The European commission has planned to invest USD 13 billion in new transport infrastructure projects under connecting Europe facility. European governments are improving traffic infrastructure and urban transport in many countries like France, Germany and the UK. They are implementing smart transportation system in various countries across the European region. This is likely to drive growth in this region during the forecast period.
Key Companies & Market Share Insights
The key market players in smart transportation industry are Huawei Technologies, Thales Group, IBM, Siemens AG, SAP, Cisco systems, Cubic Corporation, Alstom, BASS Software, Toshiba, Bentley Systems, Veson Nautical, Indra Sistemas, Hitachi Ltd., and Descartes. All this players are focusing on developing innovative technologies to strengthen their market positions.
Segments Covered in the Report
This report forecasts The Global Smart Transportation Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global Automotive Brake System market report on the basis of transportation, solution, and application.
Smart Transportation Market Size & Forecast (2017-2026)
1. Research Framework
1.1. Market Definition and Product Overview
1.2. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Region
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Industry Participants
2.4.1. Market Size Estimation
2.4.2. Assumption for the Study
2.4.3. Market Breakdown & Data Triangulation
3. Executive Summary
3.1. Market Snapshot
4. Industry Insights
4.1. Industry ecosystem analysis
4.1.1. Value Chain Analysis
4.2. Industry impact and forces
4.2.1. Growth Drivers
4.2.2. Challenges &Restraints
4.2.3. Opportunities
4.3. Disruptive Technological Analysis
4.4. Regulatory framework
4.4.1. North America
4.4.2. Europe
4.4.3. Asia Pacific
4.4.4. Middle East & Africa
4.5. Growth potential analysis, 2019
4.6. Porter’s Five forces analysis
4.7. Pricing Analysis
4.7.1. North America
4.7.2. Europe
4.7.3. Asia Pacific
4.7.4. Middle East & Africa
4.7.5. South America
5. COVID – Impact Analysis
5.1. North America
5.2. Europe
5.3. Asia Pacific
5.4. Middle East & Africa
5.5. South America
6. Smart Transportation Market, By Transportation Mode , Market Size & Forecast To 2026
(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)
6.1. Introduction
6.2. Roadways
6.3. Railways
6.4. Maritime
6.5. Airways
7. Smart Transportation Market, By Solution, Market Size & Forecast To 2026
(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)
7.1. Introduction
7.2. Smart Ticketing
7.3. Freight Management
7.4. PIS
8. Smart Transportation Market, By Application , Market Size & Forecast To 2026
(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)
8.1. Introduction
8.2. Public Transport
8.3. Transit Hubs
8.4. Video Management
8.5. Connected Cars
8.6. Route Information
8.7. Route Guidance
8.8. Mobility as Services
8.9. Others
9. Smart Transportation Market, By Region, Market Size & Forecast To 2026
(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)
9.1. Introduction
9.2. North America Market Size & Forecast To 2026
9.2.1. Market Overview
9.2.2. COVID-19 Impact
9.2.3. By Transportation Mode
9.2.4. By Solution
9.2.5. By Application
9.2.6. By Country
9.2.6.1. USA
9.2.6.1.1. By Application
9.2.6.2. Canada
9.2.6.3. Mexico
9.3. South America Market Size & Forecast To 2026
9.3.1. Market Overview
9.3.2. COVID-19 Impact
9.3.3. By Transportation Mode
9.3.4. By Solution
9.3.5. By Application
9.3.6. By Country
9.3.6.1. Brazil
9.3.6.1.1. By Application
9.3.6.2. Argentina
9.3.6.3. Chile
9.3.6.4. Rest of South America
9.4. Europe Market Size & Forecast To 2026
9.4.1. Market Overview
9.4.2. COVID-19 Impact
9.4.3. By Transportation Mode
9.4.4. By Solution
9.4.5. By Application
9.4.6. By Country
9.4.6.1. UK
9.4.6.1.1. By Application
9.4.6.2. Germany
9.4.6.3. France
9.4.6.4. Italy
9.4.6.5. Rest of Europe
9.5. APAC Market Size & Forecast To 2026
9.5.1. Market Overview
9.5.2. COVID-19 Impact
9.5.3. By Transportation Mode
9.5.4. By Solution
9.5.5. By Application
9.5.6. By Country
9.5.6.1. China
9.5.6.1.1. By Application
9.5.6.2. India
9.5.6.3. Japan
9.5.6.4. South Korea
9.5.6.5. Australia
9.5.6.6. Rest of APAC
9.6. Middle East & Africa Market Size & Forecast To 2026
9.6.1. Market Overview
9.6.2. COVID-19 Impact
9.6.3. By Transportation Mode
9.6.4. By Solution
9.6.5. By Application
9.6.6. By Country
9.6.6.1. Saudi Arabia
9.6.6.1.1. By Application
9.6.6.2. UAE
9.6.6.3. Qatar
9.6.6.4. Kuwait
9.6.6.5. South Africa
9.6.6.6. Rest of Middle East & Africa
10. Competitive Landscaping
10.1. Competitive Benchmarking
10.1.1. Market Share Analysis, 2019
10.1.2. Global Presence and Growth Strategies
10.1.2.1. Mergers & Acquisitions
10.1.2.2. New Product Launches
10.1.2.3. Investments Trends
10.1.2.4. R&D Initiatives
11. Company Profile
11.1. Descartes
11.1.1. Company Overview
11.1.2. Financial Overview
11.1.3. Product Portfolio
11.1.4. Recent Developments
11.1.5. SWOT Analysis
11.1.6. Strategic Outlook
11.2. Huawei Technologies
11.3. Thales Group
11.4. IBM
11.5. Siemens AG
11.6. SAP
11.7. Cisco Systems
11.8. Cubic Corporation
11.9. Alstom
11.10. BASS Software
11.11. Toshiba
11.12. Bentley Systems
11.13. Veson Nautical
11.14. Indra Sistemas
11.15. Hitachi Ltd.
12. Appendix
12.1. Interrelated Market
Research Methodology
The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.
To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.
The secondary research source that are typically referred to include, but are not limited to:
- Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
- Internal and external proprietary databases, relevant patent and regulatory databases
- National government documents, statistical databases and market reports
- News articles, press releases and web-casts specific to the companies operating in the market
The source for secondary research includes but is not limited to Factiva, Hoovers and Statista
We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:
- It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
- Helps in validating and strengthening the secondary research findings
- Further develops the analysis team’s expertise and market understanding
- Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies
The participants who typically take part in such a process include, but are not limited to:
- Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
- Purchasing managers, technical personnel, distributors and resellers
- Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
- Key opinion leaders specializing in different areas corresponding to different industry end users
Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:
- Demographic data: Population split by segment
- Macro-economic indicators: GDP, etc.
- Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.
Data is then cross checked by the expert panel.
1.4.1 Company Share Analysis Model
Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:
1.4.2 Revenue Based Modeling
Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.
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