Smart Transportation Market Analysis - 2021

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• The Smart Transportation Market for mass transit
  is primarily driven by rising population,
  urbanization, infrastructural spending and
  environmental concerns for emission control. With
  the growth in urbanization, there would be an
  increase in the number of commuters which would
  increase the demand for public transport during
  the forecast period.
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  Transportation Market.
• Key Players of Smart Transportation Market
• Thales Group (France)
• Siemens AG (Germany)
• Kapsch TrafficCom (Austria)
• TomTom International (The Netherlands)
• WS Atkins Plc. (U.K)
• Q-Free ASA (Norway)

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• Swarco AG (Austria)
• TransCore LP (U.S)
• Electronic payment system and traveler
  information system have significant impact on the
  growth of smart solutions market for mass
  transit
• For roadways as a transportation mode the
  electronic payment system segment is estimated to
  be the largest market. The growth is driven by
  the increase in efforts by governments and
  transportation agencies to reduce manual cash
  collection and shift to advanced e-payment
  systems. For instance, the Singapore government
  has implemented a contactless smart card which
  can be used to travel across the entire public
  transport network. In the case of railways as a
  transportation mode, the traveler information
  system segment is estimated to be the largest
  market. The system helps the passengers with
  information and guidance about the upcoming stops
  and the route which makes their travel
  experience better. For instance, in Australia the
  Smartraveller information system is used which
  provides travel information as well as travel
  warnings.
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• Increase in need for smart ticketing systems
  would give rise to demand for smart solutions
  market for mass transit
• The smart ticketing system is the fastest growing
  market in the smart public transportation market
  for both roadways and railways. This growth is
  due to the benefits such as increased efficiency,
  and reliability. This application is essential
  to reduce manual interference and force public
  transport operators to deploy e-ticketing and
  integrated payment systems. As per the Rocky
  Mountain Institute (U.S.) 14 of a
  transportation companys budget is spent on fare
  collection. Thus the system improves a
  transportation companys financial performance
  which has led to several mass transit operators
  already implementing smart ticketing solutions.
  For instance, according to the annual statistics
  published by the Department for Transport, U.K.,
  out of 26.2 thousand public buses in U.K., 89 of
  public buses are fitted with ITSO smart cards by
  2015.
• North America Europe Largest markets for smart
  solutions market for mass transit
• The North American market is estimated to
  dominate the market for roadways as it accounted
  for the largest share during the forecast
  period. The growth factors includes increasing
  roadways networks,

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government spending and rising safety concerns
for commuters. Europe is estimated to dominate
the market for railways in terms of value during
the forecast period. This growth is attributed to
improved socio-economic conditions in countries
such as Germany, the U.K., and France. In
addition, the sizeable growth in population of
these countries leads to an increase in use of
public transport, which further resulted in more
government projects for transportation
infrastructure development. Get Sample Report
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