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2020 Smart Transportation Market Forecast Analysis by Trends, Major Companies Analysis, Growth Rate by Regions, Company Overview till 2024

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The “Smart Transportation Market” report provides a complete overview of the market trade scenario, size, segmentation, competition scenario, and others. It provides the perfect industry detailed description of the different products and service segments associated with the key players. Smart Transportation market report includes research methodology, value chain analysis, industry analysis by the power of suppliers and consumers. Smart Transportation market report also includes new upcoming technology of Smart Transportation Industry that will help to our clients.

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Market Overview:

  • The Smart Transportation Market is expected to reach USD 224.63 billion by 2024, at a CAGR of 18.68% over the forecast period. The ever-increasing population of the world is leading to rapid urbanization leading to many problems, such as congestion and safety issues on the road. The need for sustainable solutions to counter these problems is gaining importance across the world. The emergence of cloud-based technologies and advances in Vehicle-to-Vehicle (V2V) and Vehicle-to-Grid infrastructure (V2I) are making smart transportation a reality.
  • – As the global population continues to grow, an increasing number of cities are experiencing the challenges of accommodating its residents as well as the visitors. Congested roadways to increased emissions, these issues impact the health and well-being of its residents.
  • – Government regulations and initiatives are the most important drivers for the growth and development of the intelligent transportation system market. With growing road safety concerns and increasing auto thefts, governments across the world, especially in the US, Europe, Russia, China, and Brazil, are mandating the installation of factory-fitted telematics and safety devices in vehicles.
  • – Smart transportation IoT solutions augmented with smart city solutions enable government organizations and their partners to create safer, efficient transport infrastructure in cities by improving community resources and transportation for everyone. IoT solutions for smart transportation offers real-time visibility and accurate data, allowing the concerned city transport authorities and the organizations to improve efficiency while creating smarter, greener cities for its dwellers.

    Smart Transportation Market Covers Key Players:

  • Cisco Systems Inc.
  • SAP SE
  • IBM Corporation
  • AVEVA Group plc
  • Siemens Corporation
  • Oracle Corporation
  • AGT International
  • Advantech Co.
  • Ltd.
  • Orange Business Services
  • ERTICO-ITS
  • Hitachi Inc.

    Some Major Points Covered in Smart Transportation Market Report:

    • Introduction and Market Overview
    • Industry Chain Analysis
    • Market, by Type
    • Market, by Application
    • Production, Value ($) by Region (2014-2019)
    • Production, Consumption, Export, Import by Regions (2014-2019)
    • Market Status and SWOT Analysis by Regions
    • Competitive Landscape
    • Analysis and Forecast by Type and Application
    • Analysis and Forecast by Region
    • New Project Feasibility Analysis
    • Research Finding and Conclusion

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    Scope of the Report:

  • Smart transportation is considered as the vertical application of IoT capabilities, and therfore refers to the integrated application of modern technologies and management strategies in the transportation systems. These technologies are aimed at providing innovative services related to different modes of transport and traffic management. It enables the users to be better informed and make safer and better use of transport networks.
  • Key Market Trends:

    Rise in Urbanization, Increasing Mega Cities and Population

    – More than half the world’s urban population resides in Asia where some countries, like India and China, already have about a billion people living in the cities alone. The other regions with relatively high urban population are North America, Europe, and Africa.
    – The growing urbanization is an indication of the rising complexities in the cities across the globe with transportation requirements being one of those issues. Resolving these complexities is one of the major challenges faced by the transportation market across these regions.
    – Technological innovations have brought about a major change in the way everything operates. The Internet of Things has made developing connected networks feasible in almost all major functioning sectors today. Integration of this transportation system has resolved most of the transportation-related complexities. The rising growth rate of megacities worldwide and multiple innovations taking place in the field of technology are expected to open up a number of opportunities.

    Europe Holds the Largest Share Owing to Government Support

    – It is expected that approximately 233 million connected cars would be on the road by 2020, globally, and Europe is holds the majority of the percentage in the production of connected cars during the forecast period. The connected cars market is expected to increase by four times in 2020 compared to the current market state. These connected technologies in the automotive sector might boost the smart solutions market in the transportation sector.
    – Moreover, urban transportation is becoming an important pillar for a better quality of life of citizens in a city. Currently, in most of the cities in Europe, private and public road transportations are the vital mode of commuting. However, the lack of safety and the quality of the public transportation as well as the poor traffic management in overcrowded road network, the rise of theft, increase in parking issues, etc., are boosting the market for smart highways which, in turn, is boosting the market growth in the region.

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    Detailed TOC of Smart Transportation Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Rise of Urbanization and Increasing Mega Cities and Increasing Population
    4.3.2 Government Initiatives to Enhance the Transportation Infrastructure
    4.4 Market Restraints
    4.4.1 Initial Capital Expenditure to Create Sustainable System
    4.5 Industry Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry
    4.7 Technology Snapshot

    5 MARKET SEGMENTATION
    5.1 By Application
    5.1.1 Traffic Management
    5.1.2 Road Safety and Security
    5.1.3 Parking Management
    5.1.4 Public Transport
    5.1.5 Automotive Telematics
    5.1.6 Freight
    5.1.7 Other Applications
    5.2 By Product Type
    5.2.1 Advanced Traveler Information Systems (ATIC)
    5.2.2 Advanced Transportation Management Systems (ATMS)
    5.2.3 Advanced Transportation Pricing Systems (ATPS)
    5.2.4 Advanced Public Transportation Systems (APTS)
    5.2.5 Cooperative Vehicle Systems
    5.3 Geography
    5.3.1 North America
    5.3.2 Europe
    5.3.3 Asia-Pacific
    5.3.4 Latin America
    5.3.5 Middle East and Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Cisco Systems Inc.
    6.1.2 SAP SE
    6.1.3 IBM Corporation
    6.1.4 AVEVA Group plc
    6.1.5 Siemens Corporation
    6.1.6 Oracle Corporation
    6.1.7 AGT International
    6.1.8 Advantech Co., Ltd.
    6.1.9 Orange Business Services
    6.1.10 ERTICO-ITS
    6.1.11 Hitachi Inc.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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