Smart Transportation Systems are a Key Element to Successful Autonomous Vehicles and Smart Cities
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This report evaluates the smart transportation market by technology and solutions with segmentation by business model, transportation mode, and vehicle types from 2023 to 2028. The report assesses global, regional, and country-specific market opportunities.
Leading smart transportation technologies covered in the report include: Automatic Vehicle Location Systems, Traveler Information Systems, Electronic Payment Systems, and Intelligent Vehicle Initiative Systems.
Select Report Findings:
- The overall global smart transportation market will reach $213.4 billion by 2028
- Europe and North America will be leading markets at $71.2 billion and $65.9 billion
- Integrated supervision systems in North America will be a $14.1 billion opportunity by 2028
- Germany will be the leading country in the European market, reaching $18.6 billion by 2028
- Roadways, air and railways will be leading modalities across all regional markets through 2028
- Smart water transportation for terminals, conveyance and vessels will be the fastest growing modality
- Leading smart transportation technologies include: Automatic Vehicle Location System, Traveler Information System, Electronic Payment System, Intelligent Vehicle Initiative System
Smart transportation consists of systems in which information and communication technologies are applied in the field of road, aviation, marine, and rail transport, including infrastructure, vehicles, and users and in traffic management and mobility management, as well as for interfaces with other modes of transport.
It is based upon the integration of many systems, such as an automated vehicle location system, real-time traffic information system, automated fare collection system, parking information system, and others. Taking all of these systems into consideration, the market for global smart transportation in the year 2022 reached $152.5 billion. We estimate the overall worldwide smart transportation market will reach $213.4 billion by 2028.
Moreover, smart transportation represents a systematic means to resolve, or at least minimize, traffic problems and overall congestion in cities and main travel arteries. Often challenges facing smart transportation systems come from the emergence of technologies in operational management, such as automation, sharing, and electrification.
With the emergence of intelligent transportation systems, and advances in the Internet of Things (IoT), the world is entering a new smart transportation paradigm. According to the US Department of Transportation, intelligent transportation Systems leverage technologies to monitor, evaluate, and manage transportation systems to improve efficiency and safety. These technologies will include IoT as well as AI and 5G telecommunications.
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Table of Contents
1.0 Executive Summary
2.0 Introduction
2.1 Evolution of Smart Transportation
2.2 Smart Transportation Benefits
2.3 Smart Transportation Functionality
2.4 Improvements Required for Smart Transportation System
2.5 Value Proposition of the Smart Transportation
2.6 The Critical Role of IoT in Transportation
2.7 Smart Transportation Components
3.0 Smart Transportation Market Dynamics
3.1 Drivers
3.1.1 Favorable Government Initiatives
3.1.2 Adoption of IoT and Automation Technologies to improve technological optimization
3.1.3 Increase in Urbanization, Increasing Mega Cities, and Population
3.2 Challenges
3.2.1 Lack of Standards and Interoperability
3.2.2 High Costs
4.0 Smart Transportation Case Studies
4.1 Traffic Management in Dallas, Texas
4.2 Railway Management in Germany
4.3 Sri Lanka Case Study
4.4 Upgradation of Traffic Management System
4.5 Florida Department of Transportation Case study
4.6 Kentkart Case Study
4.7 Pennsylvania Turnpike Commission Case Study
4.8 Road Modality and Occupancy Detection in Dordrecht Smart City
5.0 Global Smart Transportation Market Analysis and Forecasts 2023 - 2028
5.1 Global Smart Transportation Market by Technology 2023 - 2028
5.1.1 Automatic Vehicle Location System
5.1.2 Traveler Information System
5.1.3 Electronic Payment System
5.1.4 Intelligent Vehicle Initiative System
5.2 Smart Transportation Market by Solution Type 2022- 2030
5.2.1 Traffic Management System
5.2.2 Integrated Supervision System
5.2.3 Parking Management System
5.2.4 Ticketing Management System
5.3 Smart Transportation Market by Transport Conveyance 2023 - 2028
5.3.1 Roadways
5.3.2 Railways
5.3.3 Air
5.3.4 Water
5.4 Smart Transportation Market by Business Model 2023 - 2028
5.4.1 Private
5.4.2 Public
5.4.3 Shared
5.5 Smart Transportation Market by Vehicle Type 2023 - 2028
5.5.1 Cars
5.5.2 Trucks
5.5.3 Ships
5.5.4 Planes
5.5.5 Railways
5.5.6 Drones
6.0 Regional Markets for Smart Transportation 2023 - 2028
6.1 North American Smart Transportation Market
6.1.1 North America Smart Transportation Market by Technology
6.1.2 North America Smart Transportation Market by Solution Type
6.1.3 North America Smart Transportation Market by Transport Conveyance
6.1.4 North America Smart Transportation Market by Business Model
6.1.5 North American Smart Transportation by Vehicle Type
6.1.6 North American Smart Transportation by Countries
6.2 European Smart Transportation Market
6.2.1 European Smart Transportation Market by Technology
6.2.2 European Smart Transportation Market by Solution Type
6.2.3 European Smart Transportation Market by Transport Conveyance
6.2.4 European Smart Transportation Market by Business Model
6.2.5 European Smart Transportation by Vehicle Type
6.2.6 European Smart Transportation by Countries
6.3 APAC Smart Transportation Market
6.3.1 APAC Smart Transportation Market by Technology
6.3.2 APAC Smart Transportation Market by Solution Type
6.3.3 APAC Smart Transportation Market by Transport Conveyance
6.3.4 APAC Smart Transportation Market by Business Model
6.3.5 APAC Smart Transportation by Vehicle Type
6.3.6 APAC Smart Transportation by Countries
6.4 Latin America Smart Transportation Market
6.4.1 Latin America Smart Transportation Market by Technology
6.4.2 Latin America Smart Transportation Market by Solution Type
6.4.3 Latin America Smart Transportation Market by Transport Conveyance
6.4.4 Latin America Smart Transportation Market by Business Model
6.4.5 Latin America Smart Transportation by Vehicle Type
6.4.6 Latin America Smart Transportation by Countries
6.5 MEA Smart Transportation Market
6.5.1 MEA Smart Transportation Market by Technology
6.5.2 MEA Smart Transportation Market by Solution Type
6.5.3 MEA Smart Transportation Market by Transport Conveyance
6.5.4 MEA Smart Transportation Market by Business Model
6.5.5 MEA Smart Transportation by Vehicle Type
6.5.6 MEA Smart Transportation by Countries
7.0 Company Analysis
7.1 Key Strategies Initiatives
7.2 Thales Group
7.3 Huawei
7.4 IBM
7.5 Siemens
7.6 Accenture
7.7 Cisco
7.8 SAP
7.9 Cubic
7.10 Alstom
7.11 Toshiba
7.12 SAAB
7.13 Bentley Systems
7.14 Bass
7.15 Kapsch
7.16 TomTom International BV.
7.17 MSR-Traffic
7.18 Descartes
7.19 Indra Sistemas
7.20 Schneider Electric
7.21 Trimble
7.22 Conduent
7.23 LG CNS
7.24 AVEVA Group PLC
7.25 Oracle Corporation
7.26 AGT International
7.27 Advantech Co. Ltd
8.0 Conclusions
9.0 Appendix: Connected Vehicles
9.1 Impetus for V2V
9.2 V2V Technologies
9.3 Vehicle to Everything
List of Figures
Figure 1: History of Smart Transportation
Figure 2: Benefits of Smart Transportation
Figure 3: Basic Improvements in Smart Transportation
Figure 4: Value Proposition of Smart Transportation
Figure 5: Smart Transportation Market Drivers and Challenges
Figure 6: Global Smart Transportation Market 2023 - 2028
Figure 7: Global Smart Transportation Market by Technology 2023 - 2028
Figure 8: Global Smart Transportation Market by Solution 2023 - 2028
Figure 9: Global Smart Transportation Market by Transport Conveyance 2023 - 2028
Figure 10: Global Smart Transportation Market by Business Model 2023 - 2028
Figure 11: Global Smart Transportation Market by Vehicle Type 2023 - 2028
Figure 12: Global Smart Transportation Market by Region 2023 - 2028
Figure 13: North American Smart Transportation Market by Technology 2023 - 2028
Figure 14: North American Smart Transportation Market by Solution 2023 - 2028
Figure 15: North American Smart Transportation Market by Transport Conveyance 2023 - 2028
Figure 16: North American Smart Transportation Market by Business Model 2023 - 2028
Figure 17: North American Smart Transportation Market by Vehicle Type 2023 - 2028
Figure 18: North American Smart Transportation Market by Country 2023 - 2028
Figure 19: European Smart Transportation Market by Technology 2023 - 2028
Figure 20: European Smart Transportation Market by Solution 2023 - 2028
Figure 21: European Smart Transportation Market by Transport Conveyance 2023 - 2028
Figure 22: European Smart Transportation Market by Business Model 2023 - 2028
Figure 23: European Smart Transportation Market by Vehicle Type 2023 - 2028
Figure 24: European Smart Transportation Market by Country 2023 - 2028
Figure 25: APAC Smart Transportation Market by Technology 2023 - 2028
Figure 26: APAC Smart Transportation Market by Solution 2023 - 2028
Figure 27: APAC Smart Transportation Market by Transport Conveyance 2023 - 2028
Figure 28: APAC Smart Transportation Market by Business Model 2023 - 2028
Figure 29: APAC Smart Transportation Market by Vehicle Type 2023 - 2028
Figure 30: APAC Smart Transportation Market by Country 2023 - 2028
Figure 31: Latin America Smart Transportation Market by Technology 2023 - 2028
Figure 32: Latin America Smart Transportation Market by Solution 2023 - 2028
Figure 33: Latin America Smart Transportation Market by Transport Conveyance 2023 - 2028
Figure 34: Latin America Smart Transportation Market by Business Model 2023 - 2028
Figure 35: Latin America Smart Transportation Market by Vehicle Type 2023 - 2028
Figure 36: Latin America Smart Transportation Market by Country
Figure 37: MEA Smart Transportation Market by Technology 2023 - 2028
Figure 38: MEA Smart Transportation Market by Solution 2023 - 2028
Figure 39: MEA Smart Transportation Market by Transport Conveyance 2023 - 2028
Figure 40: MEA Smart Transportation Market by Business Model 2023 - 2028
Figure 41: MEA Smart Transportation Market by Vehicle Type 2023 - 2028
Figure 42: MEA Smart Transportation by Country 2023 - 2028
List of Tables
Table 1: Global Smart Transportation Market 2023 - 2028
Table 2: Global Smart Transportation by Technology 2023 - 2028
Table 3: Global Smart Transportation Market for Automatic Vehicle Location 2023 - 2028
Table 4: Global Smart Transportation Market for Traveller Information System 2023 - 2028
Table 5: Global Smart Transportation Market for Electronic Payment System 2023 - 2028
Table 6: Global Smart Transportation Market for Intelligent Vehicle Initiative System 2023 - 2028
Table 7: Global Markets for Smart Transportation by Solution Type
Table 8: Global Smart Transportation Market for Traffic Management System 2023 - 2028
Table 9: Global Smart Transportation Market for Integrated Supervision System 2023 - 2028
Table 10: Global Smart Transportation Market for Parking Management System 2023 - 2028
Table 11: Global Smart Transportation Market for Ticketing Management System 2023 - 2028
Table 12: Global Smart Transportation Market by Transport Conveyance 2023 - 2028
Table 13: Global Smart Transportation Market in Roadways 2023 - 2028
Table 14: Global Smart Transportation Market in Railways 2023 - 2028
Table 15: Global Smart Transportation Market in Airways 2023 - 2028
Table 16: Global Smart Transportation Market in Water 2023 - 2028
Table 17: Global Smart Transportation Market by Business Model 2023 - 2028
Table 18: Global Smart Transportation Market in Private 2023 - 2028
Table 19: Global Smart Transportation Market in Public 2023 - 2028
Table 20: Global Smart Transportation Market in Shared 2023 - 2028
Table 21: Global Smart Transportation Market by Vehicle Type 2023 - 2028
Table 22: Global Smart Transportation Market in Cars 2023 - 2028
Table 23: Global Smart Transportation Market in Trucks 2023 - 2028
Table 24: Global Smart Transportation Market in Ships 2023 - 2028
Table 25: Global Smart Transportation Market in Planes 2023 - 2028
Table 26: Global Smart Transportation Market in Railways 2023 - 2028
Table 27: Global Smart Transportation Market in Drones 2023 - 2028
Table 28: Global Smart Transportation Market by Region 2023 - 2028
Table 29: North American Smart Transportation Market 2023 - 2028
Table 30: North American Smart Transportation by Technology 2023 - 2028
Table 31: North American Smart Transportation Market by Solution Type 2023 - 2028
Table 32: North American Smart Transportation Market by Transport Conveyance 2023 - 2028
Table 33: North American Smart Transportation Market by Business Model 2023 - 2028
Table 34: North American Smart Transportation Market by Vehicle Type 2023 - 2028
Table 35: North American Smart Transportation Market by Country 2023 - 2028
Table 36: European Smart Transportation Market 2023 - 2028
Table 37: European Smart Transportation Market by Technology 2023 - 2028
Table 38: European Smart Transportation Market by Solution Type 2023 - 2028
Table 39: European Smart Transportation Market by Transport Conveyance 2023 - 2028
Table 40: European Smart Transportation Market by Business Model 2023 - 2028
Table 41: European Smart Transportation Market by Vehicle Type 2023 - 2028
Table 42: European Smart Transportation Market by Country 2023 - 2028
Table 43: APAC Smart Transportation Market 2023 - 2028
Table 44: APAC Smart Transportation Market by Technology 2023 - 2028
Table 45: APAC Smart Transportation Market by Solution Type 2023 - 2028
Table 46: APAC Smart Transportation Market by Transport Conveyance 2023 - 2028
Table 47: APAC Smart Transportation Market by Business Model 2023 - 2028
Table 48: APAC Smart Transportation Market by Vehicle Type 2023 - 2028
Table 49: APAC Smart Transportation Market by Country 2023 - 2028
Table 50: Latin America Smart Transportation Market 2023 - 2028
Table 51: Latin America Smart Transportation Market by Technology 2023 - 2028
Table 52: Latin America Smart Transportation Market by Solution Type 2023 - 2028
Table 53: Latin America Smart Transportation Market by Transport Conveyance 2023 - 2028
Table 54: Latin America Smart Transportation Market by Business Model 2023 - 2028
Table 55: Latin America Smart Transportation Market by Vehicle Type 2023 - 2028
Table 56: Latin America Smart Transportation Market by Country 2023 - 2028
Table 57: MEA Smart Transportation Market 2023 - 2028
Table 58: MEA Smart Transportation Market by Technology 2023 - 2028
Table 59: MEA Smart Transportation Market by Solution Type 2023 - 2028
Table 60: MEA Smart Transportation Market by Transport Conveyance 2023 - 2028
Table 61: MEA Smart Transportation Market by Business Model 2023 - 2028
Table 62: MEA Smart Transportation Market by Vehicle Type 2023 - 2028
Table 63: MEA Smart Transportation Market by Country 2023 - 2028
Companies Mentioned
- Accenture
- Advantech Co. Ltd
- AGT International
- Alstom
- AVEVA Group PLC
- Bass
- Bentley Systems
- Cisco
- Conduent
- Cubic
- Descartes
- Huawei
- IBM
- Indra Sistemas
- Kapsch
- LG CNS
- MSR-Traffic
- Oracle
- Saab
- SAP
- Schneider Electric
- Siemens
- Thales Group
- TomTom International BV.
- Toshiba
- Trimble
Methodology
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