Smart Transportation Market: Key Vendors, Trends, Challenges, and Drivers

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The Smart Transportation Market size is projected to grow from USD 94.5 Billion in 2020 to USD 156.5 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period.

Top Companies Profiled in the Smart Transportation Market:

  • Thales Group (France)
  • Huawei Technologies Co. Ltd. (China)
  • Siemens AG (Germany)
  • IBM Corporation (US)
  • Cisco Systems Inc. (US)
  • SAP (Germany)
  • Cubic Corporation (US)
  • Alstom (France)
  • Bombardier Inc. (Canada)
  • Toshiba (Japan)
  • Harris Corporation (US)
  • Saab AB (Sweden)
  • Veson Nautical (Massachusetts)
  • BASS Software (Norway)
  • Bentley Systems (US)
  • Indra Sistemas (Spain)
  • Trimble (US)
  • TomTom International BV. (Netherlands)
  • Amadeus IT Group SA (Spain)
  • Conduent (US)
  • Kapsch (Austria)
  • Hitachi Ltd. (Japan)
  • Descartes (Canada)
  • Accenture (Ireland)
  • DNV GL (Norway)

“Airways transportation mode to grow at a higher CAGR during the forecast period”

The smart transportation market is segmented into four transportation mode: roadways, railways, airways and maritime. Air transportation is an important transportation mode in the global smart transportation market. With the growing urbanization across the globe, the airways industry has evolved over the years. The demand for aviation services has increased significantly in the last decade.

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“Solutions in the roadways transportation mode to lead the market during the forecast period”

The solution segment of the roadways transportation mode of the smart transportation market includes smart ticketing, parking management, traffic management, passenger information, freight information, and vehicle telematics and others (GIS tracking, commercial vehicle operations, and security).

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