PUBLISHER: Mind Commerce | PRODUCT CODE: 1667208
PUBLISHER: Mind Commerce | PRODUCT CODE: 1667208
This report evaluates the smart transportation market by technology and solutions with segmentation by business model, transportation mode, and vehicle types from 2025 to 2030. The report assesses global, regional, and country-specific market opportunities.
The report also evaluates key market opportunities for integration along with associated solutions and services by smart transportation function. The leading smart transportation technologies covered in the report include Automatic Vehicle Location Systems, Traveler Information Systems, Electronic Payment Systems, and Intelligent Vehicle Initiative Systems.
Smart transportation represents a systematic means to resolve, or at least minimize, traffic problems and overall congestion in cities and main travel arteries for consumer and business-oriented traffic. Often challenges facing smart transportation systems come from the emergence of technologies in operational management, such as automation, sharing, and electrification.
A key area for smart transportation, urban areas are revolutionizing mobility and emergency response through smart transportation and intelligent traffic management. By employing technologies ranging from basic navigation and signal control to advanced systems that analyze real-time data, they're reducing congestion and enhancing safety. The rise of Intelligent Transportation Systems (ITS) and the Internet of Things (IoT) is driving this transformation, making urban travel more efficient, cost-effective, and secure.
Optimized smart transportation solutions integrate information and communication technologies across all transportation modes (road, air, sea, rail) to optimize infrastructure, vehicles, and user experiences. This integration of systems like real-time traffic updates, automated fare collection, and vehicle location tracking aims to alleviate congestion and improve mobility.
The global smart transportation market is projected to reach $264 billion by 2030, driven by advancements in automation, electrification, and sharing platforms. The evolution of ITS, powered by IoT, AI, and 5G, is ushering in a new era of efficient and safe transportation. Furthermore, the aforementioned integration requirements create many opportunities across a wide spectrum of technologies, solutions and service providers.