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Smart Transportation: Technologies and Markets

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    Report

  • 159 Pages
  • December 2024
  • Region: Global
  • BCC Research
  • ID: 5147268
The Global Smart Transportation Market was valued at USD 181.7 Billion in 2024, and is expected to reach USD 484.5 Billion by 2029, rising at a CAGR of 21.70%.

The study analyzes the drivers and dynamics of the smart transportation market, along with current industry trends. The report concludes by providing profiles of the market’s major vendors. The base year for the study is 2023, with projections for the years 2024 through 2029, including forecasts of compound annual growth rates (CAGR) for the forecast period.

This report analyzes technology offerings across various transportation modes, focusing on roadway, airway, railway and maritime systems. Each transportation mode focuses on various smart transportation solutions and essential services, which include consulting, deployment, integration, and maintenance. These factors are critical for the successful implementation of these technologies, thus the report also analyzes them.

The roadway mode’s key offerings include traffic management systems, vehicle telematics, passenger information solutions, smart ticketing and parking management. The railway mode’s key offerings include employing technologies such as rail traffic management systems and passenger information systems to improve services. The airway mode’s key offerings include air traffic management, passenger information systems, freight information and smart ticketing.

The maritime mode’s key offerings include maritime software, port operations management and vessel tracking. This study analyzes these offerings, all of which are essential to each transportation mode’s successful implementation and function.

The report also analyzes the markets for each of the following regions: North America, Europe, Asia-Pacific and the Rest of the World (RoW), which includes Latin America, the Middle East and Africa.

Report Includes

  • 53 data tables and 43 additional tables
  • An overview of the global market for smart transportation technologies
  • Analyses of the global market trends, with sales data for 2023, estimates for 2024, forecasts for 2025, 2027, and projections of compound annual growth rates (CAGRs) through 2029
  • Evaluation and forecast the market size for smart transportation technologies based on transportation mode, and geographical region
  • Identification of new opportunities, challenges, and technological hurdles within smart transportation applications
  • Detailed analysis of the current market trends, market forecast, and discussion of technological and regulatory elements that are affecting the future marketplace for smart transportation
  • A discussion on ESG challenges and practices of the industry
  • Key merger and acquisition deals, partnerships, collaborations and joint ventures as well as other strategic alliances within the industry
  • Profiles of the leading global players, including Huawei Technologies Co. Ltd., IBM, Intel Corp., Siemens and Cisco Systems Inc.

Table of Contents

Chapter 1 Executive Summary
  • Market Outlook
  • Scope of the Report
  • Market Summary
  • Market Dynamics and Growth Factors
  • Emerging Technologies
  • Segmental Analysis
  • Regional Analysis
  • Conclusion
Chapter 2 Market Overview
  • Overview
  • Future Outlook
  • Value Chain Analysis
  • Porter's Five Forces Analysis
  • Bargaining Power of Suppliers
  • Bargaining Power of Consumers
  • Threat of New Entrants
  • Level of Competitiveness
  • Availability of Substitutes
  • Use Cases
Chapter 3 Market Dynamics
  • Overview
  • Market Drivers
  • Growing Need for Cost Efficiency in Transportation
  • Urbanization and Transportation Challenges in Expanding Cities
  • Increased Focus on Road Safety and Security
  • Market Restraints
  • High Initial Costs and Funding Constraints
  • Complex Integration with Legacy Infrastructure
  • Regulatory and Compliance Issues
  • Market Opportunities
  • Enhancing Urban Mobility
  • Growing Demand for Eco-Friendly Transportation Solutions
  • Rise of Mobility-as-a-Service (MaaS)
Chapter 4 Regulatory Landscape
  • Overview
  • Regulatory Framework by Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
Chapter 5 Emerging Technologies and Applications
  • Overview
  • Technology Outlook
  • Internet of Things
  • Artificial Intelligence and Machine Learning
  • Big Data Analytics
  • 5G Connectivity
  • Advanced Driver-Assistance Systems
  • Electric Mobility
  • Connected Vehicle Technologies
  • Emerging Technologies in Smart Transportation
  • Autonomous Vehicles
  • Connected Infrastructure
  • EV Ecosystem and Charging Infrastructure
  • Digital Twins
  • Blockchain
  • Smart Transportation Applicational Areas
  • Mobility-as-a-Service (MaaS)
  • Real-Time Tracking and Monitoring
  • Predictive Maintenance
  • Smart Ticketing and Passenger Information Systems
  • Fleet/Freight Management Systems
  • Dynamic Route Optimization
  • V2X Communication
  • Other Applications
Chapter 6 Market Segmentation Analysis
  • Segmentation Breakdown
  • Market Breakdown by Transportation Mode
  • Market Breakdown by Roadway Offerings
  • Key Takeaways
  • Roadway Solutions
  • Roadway Services
  • Market Breakdown by Airway Offerings
  • Key Takeaways
  • Airway Solutions
  • Airway Services
  • Market Breakdown by Railway Offerings
  • Key Takeaways
  • Railway Solutions
  • Railway Services
  • Market Breakdown by Maritime Offerings
  • Key Takeaways
  • Maritime Solutions
  • Maritime Services
  • Geographic Breakdown
  • Market Breakdown by Region
  • Key Takeaways
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
Chapter 7 Competitive Landscape
  • Overview
  • Market Ecosystem Analysis
  • Municipal Governments and Transportation Authorities
  • Technology Providers
  • Automotive Manufacturers
  • Mobility Service Operators
  • Infrastructure Developers and Operators
  • Consumers
  • Market Share Analysis: Key Companies
  • Smart Transportation Market Offerings, by Key Players
  • Strategic Analysis
  • Recent Developments
Chapter 8 Environmental, Social and Governance (ESG) Perspective
  • Overview
  • Environmental Impacts
  • Social Impacts
  • Governance Impacts
  • Status of ESG in the Smart Transportation Industry
  • Concluding Remarks
Chapter 9 AppendixResearch MethodologyAbbreviations
Company Profiles
  • AARAV SOLUTIONS
  • ADVANTECH CO. LTD.
  • ALLIED TELESIS HOLDINGS
  • ALSTOM SA
  • ATOS SE
  • AXIOMTEK CO. LTD.
  • CISCO SYSTEMS INC.
  • CONDUENT INC.
  • HEXAGON AB
  • HITACHI LTD.
  • HUAWEI TECHNOLOGIES CO. LTD.
  • IBM CORP.
  • IEI INTEGRATION CORP.
  • INTEL CORP.
  • NEC CORP.
  • SAP SE
  • SIEMENS
  • THALES
List of Tables
Summary Table: Global Smart Transportation Market, by Region, Through 2029
Table 1: Porter’s Five Forces: Rating Scale
Table 2: Smart Transportation: Use Cases
Table 3: Key Regulatory Bodies and Government Agencies
Table 4: Global Smart Transportation Market, by Transportation Mode, Through 2029
Table 5: Global Smart Transportation Market, by Roadway Offerings, Through 2029
Table 6: Global Smart Transportation Market in Roadway Offerings, by Sub-Offering, Through 2029
Table 7: Global Smart Transportation Market, by Airway Offerings, Through 2029
Table 8: Global Smart Transportation Market in Airway Offerings, by Sub-Offering, Through 2029
Table 9: Global Smart Transportation Market, by Railway Offerings, Through 2029
Table 10: Global Smart Transportation Market in the Railway Offerings, by Sub-Offerings, Through 2029
Table 11: Global Smart Transportation Market, by Maritime Offerings, Through 2029
Table 12: Global Smart Transportation Market in the Maritime Offerings, by Sub-Offerings, Through 2029
Table 13: Global Smart Transportation Market, by Region, Through 2029
Table 14: North American Smart Transportation Market, by Country, Through 2029
Table 15: North American Smart Transportation Market, by Transportation Mode, Through 2029
Table 16: North American Smart Transportation Market, by Roadway Offerings, Through 2029
Table 17: North American Smart Transportation Market, by Airway Offerings, Through 2029
Table 18: North American Smart Transportation Market, by Railway Offerings, Through 2029
Table 19: North American Smart Transportation Market, by Maritime Offerings, Through 2029
Table 20: European Smart Transportation Market, by Country, Through 2029
Table 21: European Smart Transportation Market, by Transportation Mode, Through 2029
Table 22: European Smart Transportation Market, by Roadway Offerings, Through 2029
Table 23: European Smart Transportation Market, by Airway Offerings, Through 2029
Table 24: European Smart Transportation Market, by Railway Offerings, Through 2029
Table 25: European Smart Transportation Market, by Maritime Offerings, Through 2029
Table 26: Asia-Pacific Smart Transportation Market, by Country, Through 2029
Table 27: Asia-Pacific Smart Transportation Market, by Transportation Mode, Through 2029
Table 28: Asia-Pacific Smart Transportation Market, by Roadway Offerings, Through 2029
Table 29: Asia-Pacific Smart Transportation Market, by Airway Offerings, Through 2029
Table 30: Asia-Pacific Smart Transportation Market, by Railway Offerings, Through 2029
Table 31: Asia-Pacific Smart Transportation Market, by Maritime Offerings, Through 2029
Table 32: RoW Smart Transportation Market, by Region/Country, Through 2029
Table 33: RoW Smart Transportation Market, by Transportation Mode, Through 2029
Table 34: RoW Smart Transportation Market, by Roadway Offerings, Through 2029
Table 35: RoW Smart Transportation Market, by Airway Offerings, Through 2029
Table 36: RoW Smart Transportation Market, by Railway Offerings, Through 2029
Table 37: RoW Smart Transportation Market, by Maritime Offerings, Through 2029
Table 38: Market Share of Leading Providers of Smart Transportation Offerings, 2023
Table 39: Presence of Key Players’ Offerings Catering to Key Sectors, 2023
Table 40: Developments in the Global Smart Transportation Market, 2024
Table 41: ESG Risk Ratings Metric, by Company, 2023
Table 42: Abbreviations Used in the Report
Table 43: Aarav Solutions: Company Snapshot
Table 44: Aarav Solutions: Product Portfolio
Table 45: Advantech Co. Ltd.: Company Snapshot
Table 46: Advantech Co. Ltd.: Financial Performance, FY 2022 and 2023
Table 47: Advantech Co. Ltd.: Product Portfolio
Table 48: Allied Telesis Holdings: Company Snapshot
Table 49: Allied Telesis Holdings: Financial Performance, FY 2022 and 2023
Table 50: Allied Telesis Holdings: Product Portfolio
Table 51: Alstom SA: Company Snapshot
Table 52: Alstom SA: Financial Performance, FY 2022 and 2023
Table 53: Alstom SA: Product Portfolio
Table 54: Atos SE: Company Snapshot
Table 55: Atos SE: Financial Performance, FY 2022 and 2023
Table 56: Atos SE: Product Portfolio
Table 57: Axiomtek Co. Ltd.: Company Snapshot
Table 58: Axiomtek Co. Ltd.: Financial Performance, FY 2022 and 2023
Table 59: Axiomtek Co. Ltd.: Product Portfolio
Table 60: Cisco Systems Inc.: Company Snapshot
Table 61: Cisco Systems Inc.: Financial Performance, FY 2022 and 2023
Table 62: Cisco Systems Inc.: Product Portfolio
Table 63: Conduent Inc.: Company Snapshot
Table 64: Conduent Inc.: Financial Performance, FY 2022 and 2023
Table 65: Conduent Inc.: Product Portfolio
Table 66: Hexagon AB: Company Snapshot
Table 67: Hexagon AB: Financial Performance, FY 2022 and 2023
Table 68: Hexagon AB: Product Portfolio
Table 69: Hitachi Ltd.: Company Snapshot
Table 70: Hitachi Ltd.: Financial Performance, FY 2022 and 2023
Table 71: Hitachi Ltd.: Product Portfolio
Table 72: Huawei Technologies Co. Ltd.: Company Snapshot
Table 73: Huawei Technologies Co. Ltd.: Financial Performance, FY 2022 and 2023
Table 74: Huawei Technologies Co. Ltd.: Product Portfolio
Table 75: IBM Corp.: Company Snapshot
Table 76: IBM Corp.: Financial Performance, FY 2022 and 2023
Table 77: IBM Corp.: Product Portfolio
Table 78: IEI Integration Corp.: Company Snapshot
Table 79: IEI Integration Corp.: Financial Performance, FY 2022 and 2023
Table 80: IEI Integration Corp.: Product Portfolio
Table 81: Intel Corp.: Company Snapshot
Table 82: Intel Corp.: Financial Performance, FY 2022 and 2023
Table 83: Intel Corp.: Product Portfolio
Table 84: NEC Corp.: Company Snapshot
Table 85: NEC Corp.: Financial Performance, FY 2022 and 2023
Table 86: NEC Corp.: Product Portfolio
Table 87: SAP SE: Company Snapshot
Table 88: SAP SE: Financial Performance, FY 2022 and 2023
Table 89: SAP SE: Product Portfolio
Table 90: Siemens: Company Snapshot
Table 91: Siemens: Financial Performance, FY 2022 and 2023
Table 92: Siemens: Product Portfolio
Table 93: Thales: Company Snapshot
Table 94: Thales: Financial Performance, FY 2022 and 2023
Table 95: Thales: Product Portfolio
List of Figures
Summary Figure: Global Smart Transportation Market Share, by Region, 2023
Figure 1: Smart Transportation Market: Value Chain Analysis
Figure 2: Porter’s Five Forces Analysis - Smart Transportation Market
Figure 3: Smart Transportation Market: Bargaining Power of Suppliers
Figure 4: Smart Transportation Market: Bargaining Power of Consumers
Figure 5: Smart Transportation Market: Threat of New Entrants
Figure 6: Smart Transportation Market: Competitive Rivalry
Figure 7: Snapshot of the Market Dynamics for Smart Transportation
Figure 8: Transportation-Related Labor Force Employment, U.S., 2011-2022
Figure 9: Emerging Technologies for Smart Transportation
Figure 10: Global Smart Transportation Market Share, by Transportation Mode, 2023
Figure 11: Global Smart Transportation Market Share, by Roadway Offerings, 2023
Figure 12: Global Smart Transportation Market Share, by Airway Offerings, 2023
Figure 13: Global Smart Transportation Market Share, by Railway Offerings, 2023
Figure 14: Global Smart Transportation Market Share, by in Maritime Offerings, 2023
Figure 15: Global Smart Transportation Market Share, by Region, 2023
Figure 16: North American Smart Transportation Market Share, by Roadway Offerings, 2023
Figure 17: North American Smart Transportation Market Share, by Airway Offerings, 2023
Figure 18: North American Smart Transportation Market Share, by Railway Offerings, 2023
Figure 19: North American Smart Transportation Market Share, by Maritime Offerings, 2023
Figure 20: European Smart Transportation Market Share, by Roadway Offerings, 2023
Figure 21: European Smart Transportation Market Share, by Airway Offerings, 2023
Figure 22: European Smart Transportation Market Share, by Railway Offerings, 2023
Figure 23: European Smart Transportation Market Share, by Maritime Offerings, 2023
Figure 24: Asia-Pacific Smart Transportation Market Share, by Roadway Offerings, 2023
Figure 25: Asia-Pacific Smart Transportation Market Share, by Airway Offerings, 2023
Figure 26: Asia-Pacific Smart Transportation Market Share, by Railway Offerings, 2023
Figure 27: Asia-Pacific Smart Transportation Market Share, by Maritime Offerings, 2023
Figure 28: RoW Smart Transportation Market Share, by Roadway Offerings, 2023
Figure 29: RoW Smart Transportation Market Share, by Airway Offerings, 2023
Figure 30: RoW Smart Transportation Market Share, by Railway Offerings, 2023
Figure 31: RoW Smart Transportation Market Share, by Maritime Offerings, 2023
Figure 32: Advantech Co. Ltd.: Revenue Share, by Business Unit, FY 2023
Figure 33: Advantech Co. Ltd.: Revenue Share, by Country/Region, FY 2023
Figure 34: Allied Telesis Holdings: Revenue Share, by Country/Region, FY 2023
Figure 35: Alstom SA: Revenue Share, by Business Unit, FY 2023
Figure 36: Alstom SA: Revenue Share, by Region, FY 2023
Figure 37: Atos SE: Revenue Share, by Business Unit, FY 2023
Figure 38: Atos SE: Revenue Share, by Country/Region, FY 2023
Figure 39: Axiomtek Co. Ltd.: Revenue Share, by Business Unit, FY 2023
Figure 40: Axiomtek Co. Ltd.: Revenue Share, by Region, FY 2023
Figure 41: Cisco Systems Inc.: Revenue Share, by Business Unit, FY 2023
Figure 42: Cisco Systems Inc.: Revenue Share, by Region, FY 2023
Figure 43: Conduent Inc.: Revenue Share, by Business Unit, FY 2023
Figure 44: Conduent Inc.: Revenue Share, by Country/Region, FY 2023
Figure 45: Hexagon AB: Revenue Share, by Business Unit, FY 2023
Figure 46: Hexagon AB: Revenue Share, by Region, FY 2023
Figure 47: Hitachi Ltd.: Revenue Share, by Business Unit, FY 2023
Figure 48: Hitachi Ltd.: Revenue Share, by Country/Region, FY 2023
Figure 49: Huawei Technologies Co. Ltd.: Revenue Share, by Business Unit, FY 2023
Figure 50: Huawei Technologies Co. Ltd.: Revenue Share, by Country/Region, FY 2023
Figure 51: IBM Corp.: Revenue Share, by Reportable Segment, FY 2023
Figure 52: IBM Corp.: Revenue Share, by Region, FY 2023
Figure 53: IEI Integration Corp.: Revenue Share, by Business Unit, FY 2023
Figure 54: IEI Integration Corp.: Revenue Share, by Country/Region, FY 2023
Figure 55: Intel Corp.: Revenue Share, by Business Unit, FY 2023
Figure 56: Intel Corp.: Revenue Share, by Country/Region, FY 2023
Figure 57: NEC Corp.: Revenue Share, by Business Unit, FY 2023
Figure 58: NEC Corp.: Revenue Share, by Country/Region, FY 2023
Figure 59: SAP SE: Revenue Share, by Business Unit, FY 2023
Figure 60: SAP SE: Revenue Share, by Region, FY 2023
Figure 61: Siemens: Revenue Share, by Business Unit, FY 2023
Figure 62: Siemens: Revenue Share, by Country/Region, FY 2023
Figure 63: Thales: Revenue Share, by Business Unit, FY 2023
Figure 64: Thales: Revenue Share, by Country/Region, FY 2023

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Executive Summary

Regions are growing in populations, which has required bolstering both existing and new infrastructure, including transport infrastructure systems. These growing populations lead to rising in traffic congestion, increased travel time, higher air pollution levels, and more fuel consumption. To address these challenges there is a need for sustainable and efficient traffic solutions such as the integration of new technologies (ITS). In the transport infrastructure, ITS is required to enhance safety, mobility, and environmental efficiency while boosting regional and local economies. ITS is used across a variety of transportation forms, including car-parks, traffic lights, toll booths, bridges, and roads. It also is applied to build interconnected transportation systems with open communication between devices and vehicles.

ITS offers real-time information about traffic and public transportation conditions to reduce the travel time and make the travel easier, safer, and smarter.

Most smart city projects include the following key ITS applications:


  • Advanced Traffic Management System (ATMS): To help control traffic and improve efficiency ATMS can: adjust traffic lights and other signals in real-time; dynamically adjust rates on toll roads; provide traffic information.
  • Advanced Vehicle Control and Safety System (AVCSS): To promote safe driving, AVCSS can: automatically control a vehicle, preventing or minimizing human driving errors, help drivers avoid or quickly react to hazardous conditions, provide cruise control, lane-keeping, and parking assistance.
  • Advanced Public Transportation System (APTS): To improve the safety of public transportation riders APTS uses: real-time passenger information systems, automatic vehicle location systems, bus arrival notification systems, systems providing priority to buses at intersections.
  • Commercial Vehicle Operation (CVO): CVO is used for automatic vehicle monitoring specifically for commercial vehicles such as buses, ambulances, trucks, and taxis. Apart from monitoring other functions of CVO includes fright administration, commercial vehicle administrative process, Weigh-In-Motion (WIM), roadside CVO safety, on-board safety monitoring, hazardous material planning, and incident response.

Traffic data collection, data transmission, traffic data analysis, and traveler information are some key guiding principles the ITS follows. A smart network of interconnected sensors and smart devices can lead to a more sustainable, efficient, and robust city center.

Smart transportation is highly needed as it can broadly influence almost every aspect of the smart city’s operation on daily basis. For instance, trip route planning is helpful, particularly in large, crowded cities. Trip planning applications and service providers afford route recommendations based on relatively shorter paths and traffic congestion.


Companies Mentioned

  • AARAV SOLUTIONS
  • ADVANTECH CO. LTD.
  • ALLIED TELESIS HOLDINGS
  • ALSTOM SA
  • ATOS SE
  • AXIOMTEK CO. LTD.
  • CISCO SYSTEMS INC.
  • CONDUENT INC.
  • HEXAGON AB
  • HITACHI LTD.
  • HUAWEI TECHNOLOGIES CO. LTD.
  • IBM CORP.
  • IEI INTEGRATION CORP.
  • INTEL CORP.
  • NEC CORP.
  • SAP SE
  • SIEMENS
  • THALES

Table Information