PUBLISHER: BCC Research | PRODUCT CODE: 1621147
PUBLISHER: BCC Research | PRODUCT CODE: 1621147
The global smart transportation market was valued at $152.6 billion in 2023. The market is expected to grow from $181.7 billion in 2024 to $484.5 billion by 2029, at a compound annual growth rate (CAGR) of 21.7% from 2024 through 2029.
The European smart transportation market is expected to grow from $72.1 billion in 2024 to $193.8 billion by 2029, at a CAGR of 21.9% from 2024 through 2029.
The Asia-Pacific smart transportation market is expected to grow from $46.8 billion in 2024 to $141.0 billion by 2029, at a CAGR of 24.7% from 2024 through 2029.
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.