This Smart Transportation report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The smart transportation market size has grown rapidly in recent years. It will grow from $158.49 billion in 2024 to $181.77 billion in 2025 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to increased urbanization and congestion in cities, adoption of intelligent transportation systems for traffic management, growth inThe demand for real-time tracking and monitoring in transportation, advances in sensor technologies and connectivity in vehicles, government initiatives promoting smart city and transportation solutions.
The smart transportation market size is expected to see rapid growth in the next few years. It will grow to $335.95 billion in 2029 at a compound annual growth rate (CAGR) of 16.6%. The growth in the forecast period can be attributed to rise in the adoption of electric and autonomous vehicles, integration of 5g technology for faster and more reliable communication, increasing focus on sustainability and eco-friendly transportation solutions, growth in the shared mobility and ride-sharing industry, expansion of smart transportation infrastructure in emerging economies. Major trends in the forecast period include development of integrated mobility-as-a-service (maas) platforms, emphasis on predictive maintenance for transportation fleets, use of artificial intelligence for traffic prediction and optimization, integration of blockchain technology for secure and transparent transactions, collaboration between automotive manufacturers and technology companies for connected vehicle solutions.
The growth of the smart transportation market is being driven by increasing government initiatives and regulations. Governments in emerging and developing economies are prioritizing investments in innovative transportation technologies to alleviate roadway congestion, ensure safe transportation practices, and reduce road accidents. For example, in October 2023, the UK Government launched its latest round of the Transport Research and Innovation Grant (TRIG) innovation competition, which offers £1.8 million ($2.18 million) in funding. This funding is intended for companies working on projects related to airport decarbonization and utilizing AI to enhance the affordability and efficiency of transportation. Therefore, the rise in government initiatives and regulations is anticipated to boost demand for smart transportation during the forecast period.
The smart transportation market is poised for growth due to the increasing urban population. The rising urban population, representing the proportion of a country's or region's residents in cities, towns, and densely populated areas, necessitates smart transportation solutions for efficient management and optimization of transportation systems. According to The World Economic Forum (WEF), in 2022, over 4. 3 billion people, or 55% of the global population, reside in urban settings, with expectations of reaching 80% by 2050. This demographic shift is set to contribute to the expansion of the smart transport market.
Leading companies in the smart transportation market are introducing innovative platforms like the road synergy platform to enhance their competitive position. The road synergy platform is a technology or system designed to establish a synergistic and integrated environment for various elements related to road infrastructure and transportation. For instance, SenseTime, a China-based artificial intelligence company, unveiled its SenseAuto V2X Vehicle-Road Synergy Platform in September 2022. This platform aims to facilitate safer and more efficient urban mobility by integrating 'smart cars, intelligent roads, and collaborative clouds. ' The SenseAuto V2X platform offers a comprehensive analysis and decision-making solution through the fusion processing and analysis of vehicle and roadside information.
A noteworthy trend in the smart transportation market is the increasing adoption of the Internet of Things (IoT). IoT sensors and devices play a pivotal role in collecting information such as trip time and weather conditions, connecting with other devices and systems in intelligent transportation systems. This data can assist drivers and enhance overall traffic management. For example, China's first smart transportation IoT platform, launched in November 2022, incorporates a variety of IoT hardware facilities and smart transportation IoT software platforms. These facilitate the work of road traffic practitioners, including traffic police, road maintenance workers, and road builders, enabling safer and more efficient operations.
In September 2023, Vix Technology, an Australia-based company that offers public transport systems and smart city solutions, acquired myBus for an undisclosed amount. The goal of this acquisition was to strengthen its capabilities in delivering comprehensive public transport solutions. myBus is a technology company based in Spain that specializes in smart transportation systems.
Major companies operating in the smart transportation market include Cisco Systems Inc., Toshiba Corporation, Siemens Corporation, SAP SE, Thales Group, Alphabet Inc., Tesla Inc., Uber Technologies Inc., Mobileye, NVIDIA Corporation, Siemens Mobility, TomTom N. V., IBM Corporation, Qualcomm Inc., Intel Corporation, General Motors Company, Ford Smart Mobility, Daimler AG, Bosch Group, Continental AG, Cubic Corporation, Aptiv PLC, Trimble Inc., HERE Technologies, Velodyne Lidar Inc., ChargePoint Inc., NXP Semiconductors, TransCore Holdings Inc., WSP Global Inc., Cryoport Inc.
North America was the largest region in the smart transportation market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the smart transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the smart transportation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
Smart transportation involves the integration of management techniques and contemporary technology within the transportation industry. This entails the utilization of various technological solutions, ranging from fundamental management systems like car navigation, traffic signal control systems, and container management systems, to more advanced applications that incorporate real-time data and inputs from diverse external sources.
Key products in the realm of smart transportation encompass advanced traveler information systems, advanced transportation management systems, advanced transportation pricing systems, advanced public transportation systems, and cooperative vehicle systems. Advanced traveler information systems utilize cutting-edge computer, communication, and information technologies to provide crucial information to users regarding traffic laws, route guidance, location guidance, hazardous situations, safety advisories, and warning messages. These systems find applications in various transportation modes, including roadways, railways, airways, and maritime. The applications of smart transportation span across traffic management, road safety and security, parking management, public transport, automotive telematics, and freight management.
The smart transportation market research report is one of a series of new reports that provides smart transportation market statistics, including smart transportation industry global market size, regional shares, competitors with a smart transportation market share, detailed smart transportation market segments, market trends and opportunities, and any further data you may need to thrive in the smart transportation industry. This smart transportation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The smart transportation market includes revenues earned by entities by managing transportation and ensuring safe movement of vehicles, pedestrians, traffic, parking, and others. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The smart transportation market size has grown rapidly in recent years. It will grow from $158.49 billion in 2024 to $181.77 billion in 2025 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to increased urbanization and congestion in cities, adoption of intelligent transportation systems for traffic management, growth inThe demand for real-time tracking and monitoring in transportation, advances in sensor technologies and connectivity in vehicles, government initiatives promoting smart city and transportation solutions.
The smart transportation market size is expected to see rapid growth in the next few years. It will grow to $335.95 billion in 2029 at a compound annual growth rate (CAGR) of 16.6%. The growth in the forecast period can be attributed to rise in the adoption of electric and autonomous vehicles, integration of 5g technology for faster and more reliable communication, increasing focus on sustainability and eco-friendly transportation solutions, growth in the shared mobility and ride-sharing industry, expansion of smart transportation infrastructure in emerging economies. Major trends in the forecast period include development of integrated mobility-as-a-service (maas) platforms, emphasis on predictive maintenance for transportation fleets, use of artificial intelligence for traffic prediction and optimization, integration of blockchain technology for secure and transparent transactions, collaboration between automotive manufacturers and technology companies for connected vehicle solutions.
The growth of the smart transportation market is being driven by increasing government initiatives and regulations. Governments in emerging and developing economies are prioritizing investments in innovative transportation technologies to alleviate roadway congestion, ensure safe transportation practices, and reduce road accidents. For example, in October 2023, the UK Government launched its latest round of the Transport Research and Innovation Grant (TRIG) innovation competition, which offers £1.8 million ($2.18 million) in funding. This funding is intended for companies working on projects related to airport decarbonization and utilizing AI to enhance the affordability and efficiency of transportation. Therefore, the rise in government initiatives and regulations is anticipated to boost demand for smart transportation during the forecast period.
The smart transportation market is poised for growth due to the increasing urban population. The rising urban population, representing the proportion of a country's or region's residents in cities, towns, and densely populated areas, necessitates smart transportation solutions for efficient management and optimization of transportation systems. According to The World Economic Forum (WEF), in 2022, over 4. 3 billion people, or 55% of the global population, reside in urban settings, with expectations of reaching 80% by 2050. This demographic shift is set to contribute to the expansion of the smart transport market.
Leading companies in the smart transportation market are introducing innovative platforms like the road synergy platform to enhance their competitive position. The road synergy platform is a technology or system designed to establish a synergistic and integrated environment for various elements related to road infrastructure and transportation. For instance, SenseTime, a China-based artificial intelligence company, unveiled its SenseAuto V2X Vehicle-Road Synergy Platform in September 2022. This platform aims to facilitate safer and more efficient urban mobility by integrating 'smart cars, intelligent roads, and collaborative clouds. ' The SenseAuto V2X platform offers a comprehensive analysis and decision-making solution through the fusion processing and analysis of vehicle and roadside information.
A noteworthy trend in the smart transportation market is the increasing adoption of the Internet of Things (IoT). IoT sensors and devices play a pivotal role in collecting information such as trip time and weather conditions, connecting with other devices and systems in intelligent transportation systems. This data can assist drivers and enhance overall traffic management. For example, China's first smart transportation IoT platform, launched in November 2022, incorporates a variety of IoT hardware facilities and smart transportation IoT software platforms. These facilitate the work of road traffic practitioners, including traffic police, road maintenance workers, and road builders, enabling safer and more efficient operations.
In September 2023, Vix Technology, an Australia-based company that offers public transport systems and smart city solutions, acquired myBus for an undisclosed amount. The goal of this acquisition was to strengthen its capabilities in delivering comprehensive public transport solutions. myBus is a technology company based in Spain that specializes in smart transportation systems.
Major companies operating in the smart transportation market include Cisco Systems Inc., Toshiba Corporation, Siemens Corporation, SAP SE, Thales Group, Alphabet Inc., Tesla Inc., Uber Technologies Inc., Mobileye, NVIDIA Corporation, Siemens Mobility, TomTom N. V., IBM Corporation, Qualcomm Inc., Intel Corporation, General Motors Company, Ford Smart Mobility, Daimler AG, Bosch Group, Continental AG, Cubic Corporation, Aptiv PLC, Trimble Inc., HERE Technologies, Velodyne Lidar Inc., ChargePoint Inc., NXP Semiconductors, TransCore Holdings Inc., WSP Global Inc., Cryoport Inc.
North America was the largest region in the smart transportation market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the smart transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the smart transportation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
Smart transportation involves the integration of management techniques and contemporary technology within the transportation industry. This entails the utilization of various technological solutions, ranging from fundamental management systems like car navigation, traffic signal control systems, and container management systems, to more advanced applications that incorporate real-time data and inputs from diverse external sources.
Key products in the realm of smart transportation encompass advanced traveler information systems, advanced transportation management systems, advanced transportation pricing systems, advanced public transportation systems, and cooperative vehicle systems. Advanced traveler information systems utilize cutting-edge computer, communication, and information technologies to provide crucial information to users regarding traffic laws, route guidance, location guidance, hazardous situations, safety advisories, and warning messages. These systems find applications in various transportation modes, including roadways, railways, airways, and maritime. The applications of smart transportation span across traffic management, road safety and security, parking management, public transport, automotive telematics, and freight management.
The smart transportation market research report is one of a series of new reports that provides smart transportation market statistics, including smart transportation industry global market size, regional shares, competitors with a smart transportation market share, detailed smart transportation market segments, market trends and opportunities, and any further data you may need to thrive in the smart transportation industry. This smart transportation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The smart transportation market includes revenues earned by entities by managing transportation and ensuring safe movement of vehicles, pedestrians, traffic, parking, and others. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Smart Transportation Market Characteristics3. Smart Transportation Market Trends and Strategies4. Smart Transportation Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Smart Transportation Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Smart Transportation Market34. Recent Developments in the Smart Transportation Market
5. Global Smart Transportation Growth Analysis and Strategic Analysis Framework
6. Smart Transportation Market Segmentation
7. Smart Transportation Market Regional and Country Analysis
8. Asia-Pacific Smart Transportation Market
9. China Smart Transportation Market
10. India Smart Transportation Market
11. Japan Smart Transportation Market
12. Australia Smart Transportation Market
13. Indonesia Smart Transportation Market
14. South Korea Smart Transportation Market
15. Western Europe Smart Transportation Market
16. UK Smart Transportation Market
17. Germany Smart Transportation Market
18. France Smart Transportation Market
19. Italy Smart Transportation Market
20. Spain Smart Transportation Market
21. Eastern Europe Smart Transportation Market
22. Russia Smart Transportation Market
23. North America Smart Transportation Market
24. USA Smart Transportation Market
25. Canada Smart Transportation Market
26. South America Smart Transportation Market
27. Brazil Smart Transportation Market
28. Middle East Smart Transportation Market
29. Africa Smart Transportation Market
30. Smart Transportation Market Competitive Landscape and Company Profiles
31. Smart Transportation Market Other Major and Innovative Companies
35. Smart Transportation Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Smart Transportation Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on smart transportation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for smart transportation? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The smart transportation market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Product Type: Advanced Traveler Information Systems (ATIC); Advanced Transportation Management Systems (ATMS); Advanced Transportation Pricing Systems (ATPS); Advanced Public Transportation Systems (APTS); Cooperative Vehicle Systems2) by Transportation Mode: Roadways; Railways; Airways; Maritime
3) by Application: Traffic Management; Road Safety and Security; Parking Management; Public Transport; Automotive Telematics; Freight
Subsegments:
1) by Advanced Traveler Information Systems (ATIS): Real-Time Traffic Information Systems; Route Planning Applications; Mobile Travel Apps; Dynamic Message Signs2) by Advanced Transportation Management Systems (ATMS): Traffic Signal Control Systems; Incident Management Systems; Traffic Monitoring Systems; Fleet Management Solutions
3) by Advanced Transportation Pricing Systems (ATPS): Congestion Pricing Solutions; Toll Collection Systems; Parking Management Systems; Dynamic Pricing Applications
4) by Advanced Public Transportation Systems (APTS): Smart Bus Systems; Automated Fare Collection Systems; Real-Time Passenger Information Systems; Demand-Responsive Transport Solutions
5) by Cooperative Vehicle Systems: Vehicle-To-Vehicle (V2V) Communication Systems; Vehicle-To-Infrastructure (V2I) Systems; Connected Vehicle Technologies; Automated Driving Systems
Key Companies Mentioned: Cisco Systems Inc.; Toshiba Corporation; Siemens Corporation; SAP SE; Thales Group
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Smart Transportation market report include:- Cisco Systems Inc.
- Toshiba Corporation
- Siemens Corporation
- SAP SE
- Thales Group
- Alphabet Inc.
- Tesla Inc.
- Uber Technologies Inc.
- Mobileye
- NVIDIA Corporation
- Siemens Mobility
- TomTom N. V.
- IBM Corporation
- Qualcomm Inc.
- Intel Corporation
- General Motors Company
- Ford Smart Mobility
- Daimler AG
- Bosch Group
- Continental AG
- Cubic Corporation
- Aptiv PLC
- Trimble Inc.
- HERE Technologies
- Velodyne Lidar Inc.
- ChargePoint Inc.
- NXP Semiconductors
- TransCore Holdings Inc.
- WSP Global Inc.
- Cryoport Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 181.77 Billion |
| Forecasted Market Value ( USD | $ 335.95 Billion |
| Compound Annual Growth Rate | 16.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 31 |
