Smart Transportation Market

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Smart Transportation Market

• The smart transportation market is expected to
  grow at a CAGR of 12 during the forecast period
  2019-2026, according to a new Straits Research
  study.

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Smart transportation refers to the implementation
of technologies in transport infrastructure and
services for passenger and freight (smart cargo)
transport with an aim to reduce environmental
impact through better mobility management.
Introduction of advanced parking management
systems has been boosting market growth as these
systems assist people in quickly locating parking
spots, thereby enhancing visitor experience.
Supportive government initiatives are also
fuelling market growth to an extent. The EU
Directive on ITS, passed on July 7, 2010, for the
efficient management of road traffic is one such
initiative.
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By transportation mode, the market has been
segmented into roadways, railways, airways, and
maritime. Among these, the airways segment is
projected to grow at the highest rate during the
forecast period, due to the preference for faster
modes of transportation, increasing number of air
passengers and growing aircraft fleet.Some of
the key players in the smart transportation
market are Thales (France), Siemens (Germany),
Accenture (Republic of Ireland), Cisco Systems
(US), The Descartes Systems (Canada), SAP
(Germany), Cubic (US), IBM (US), DNV GL (Norway),
Hitachi (Japan)
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The Smart Transportation market report is the
most important research for who looks for
complete information on the global trends for
the Smart Transportation market. This report
covers all information on the Global as well as
regional markets including old and future trends
for market demand, supply, size, competitors,
prices and Global predominant vendors'
information. the report also provides a complete
overview of Smart Transportation markets
including key players, types, manufacturing segmen
t, cost, fluid market shares, and market dynamics
in 2019.
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