GLOBAL SMART TRANSPORTATION MARKET FORECAST 2018-2026

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GLOBAL SMART TRANSPORTATION MARKET FORECAST 2018-2026

The global market for Smart Transportation is anticipated to grow with CAGR of 25.11% between 2018 and 2026. For the market study of Smart Transportation, the base year considered is 2017 and the forecast period is 2018 -2026. Some of the factors that are responsible for driving the market growth are: Increasing number of vehicles on the urban roads. Growing need for efficient Traffic management

GLOBAL SMART TRANSPORTATION MARKET FORECAST 2018-2026

Global Smart Transportation Market Is Segmented by Solutions(Traffic Management Systems, Integrated Supervision Systems, Passenger Information Systems, Ticketing Systems, Parking Management Systems) by Services( Support & Maintenance, Cloud, Business Analytics) & by Geography

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The global market for Smart Transportation is anticipated to grow with CAGR of 25.11% between 2018 and 2026. For the market study of Smart Transportation, the base year considered is 2017 and the forecast period is 2018 -2026. Some of the factors that are responsible for driving the market growth are:

  • Increasing number of vehicles on the urban roads
  • Growing need for efficient Traffic management
  • Rising necessity of road safety
  • Environmental concerns arising from vehicles
  • Growing number of smart city projects

Global Smart Transportation

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Increased number of vehicles plying on the roads, due to booming automotive industry, which increases the need for efficient traffic and transportation management is the primary driver which is augmenting the growth of the Smart Transportation market. Additionally, increasing number of smart city projects is being undertaken in numerous developing countries, which is also considerably contributing to the growth of the market.

The Passenger Information System is currently leading the market. It captured a significant market share of around XX% in the year 2017. Passenger information system (PIS) is a key communication link between transportation operators and passengers. The Passenger information system is one of the key solutions of the smart transportation system. Alongside framework dependability, security, and outward presentation, passenger information system enables the administrators to give exact, current, even real-time data on the arrival and parting times and entryways data, which travellers need to continue moving efficiently. The Traffic Management system segment is anticipated to grow at the fastest CAGR as compared to other segments.

With the increased adoption of Smart Transportation, newer challenges have been introduced in the market. Lack of interoperability & standardization, lack of awareness, government regulations and protocols, difficulties in data gathering & its management, and the threat of cyber-attacks are some of the factors that are restricting the growth of this market. The companies operating in the market are facing hurdles in minimizing the licensing and maintenance costs, along with training cost of personnel.

The smart transportation market is primarily segmented into smart transportation solutions and smart transportation services. The smart transportation solutions consist of physical devices, equipments, and softwares, whereas the services segment comprises of services that support and boost the solutions segment.

By Solutions;

  • Traffic Management Systems
  • Integrated Supervision Systems
  • Passenger Information Systems
  • Ticketing Systems
  • Parking Management Systems

By Services;

  • Support & Maintenance Services
  • Cloud Services
  • Business Analytics Services

On the basis of geography, global smart transportation market has been segmented into four major regions;

The European smart transportation market held the largest market share in 2017. Europe consists of economies which are becoming increasingly stable and strong after the recent economic crisis and political instability. Moreover, the region is home to a big number of automotive and technology companies which are operating in the Smart Transportation market. The European region as a whole is also very open to the adoption of latest Smart Transportation systems, despite having a complex network of transport systems which are somewhat difficult to implement with modern technology. This is due to the increasing number of smart city projects being undertaken by the governments in this region. The fastest growing region in the global smart transportation market is expected to be the Asia Pacific. The growth of the smart transportation market in the Asia Pacific region may be attributed to the numerous smart city projects undertaken by various governments in the region, especially in India and China. The large population and the increasing urbanization in the region have also largely contributed to the growth of the market.

The Global smart transportation market is segmented into smart transportation solutions and smart transportation services. Smart transportation Solutions segment consists of Traffic Management Systems, Integrated Supervision Systems, Ticketing Systems, Passenger Information Systems and Parking Management Systems. Further, the Smart transportation services segment consists of Cloud Services, Business Analytics Services, support & Maintenance Services.

The global Smart Transportation market is competitive in nature. There are a number of players present in the market. Some of the key players in the market are:

  • Alstom SA
  • Cisco Systems, Inc.
  • Cubic Corporation
  • Gemalto NV
  • Siemens AG
  • International Business Machines Corporation (IBM)
  • And others.

All these companies try to cater to new customers and fulfil their fast shifting requirements. These companies also aim at acquiring startups and entering into partnership agreements to gain a competitive advantage. For example, In February 2017, Cubic Transportation Systems secured a five-year contract from the University of Maryland to upgrade its NextBus fleet management system. In March 2016, INRIX Inc. launched its ‘Next-Generation Traffic App’ which integrates with a user’s calendar and learns their driving habits to create a personalized itinerary that includes automatic alerts, anticipated trips, favourite destinations and preferred routes.

Key findings of the global Smart Transportation market:

  • Europe accounted for the largest market share in 2017.
  • The Asia Pacific is expected to be the fastest growing regional market in the global smart transportation market.
  • The smart transportation services segment held a larger market share as compared to solutions segment, and is anticipated to continue the trend throughout the forecast period.
  • Traffic management solutions are expected to be the fastest growing sub-segment in smart transport solutions over the forecast period.
  • The fastest growing category of smart transportation services is the business analytics. This trend is seen due to the surge in the growth of big data analytics capabilities and the required expertise.
  • The interoperability of the smart transportation systems with other aspects of smart cities to boost the growth of the smart transportation market.
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • EUROPE ACCOUNTS FOR THE LARGEST REVENUE SHARE
      • ASIA PACIFIC – FASTEST EVOLVING REGIONAL MARKET
      • EMERGENCE OF SMART PARKING SYSTEMS
      • GROWING NUMBER OF SMART CITY PROJECTS
  1. MARKET DYNAMICS
    • MARKET DEFINITION
    • DRIVERS
      • INCREASING NUMBER OF VEHICLES ON URBAN ROADS
      • GROWING NEED FOR EFFICIENT TRAFFIC MANAGEMENT
      • RISING NECESSITY FOR ROAD SAFETY
      • ENVIRONMENTAL CONCERNS ARISING FROM VEHICLES
    • RESTRAINTS
      • HIGH CAPITAL REQUIREMENT
      • ABSENCE OF INTEROPERABILITY AND STANDARDIZATION
      • REGULATIONS AND PROTOCOL SET BY THE GOVERNMENTS
      • DIFFICULTIES IN DATA COLLECTION AND MANAGEMENT
    • OPPORTUNITIES
      • INTRODUCTION AND EVOLUTION OF SMART VEHICLES
      • RECENT ADVANCEMENTS IN TECHNOLOGIES
      • PROSPECTS IN DEVELOPING COUNTRIES
    • CHALLENGES
      • LACK OF AWARENESS
      • LICENSING AND MAINTENANCE COSTS
      • TRAINING EXPENSE OF PERSONNEL
      • GROWING CONCERNS REGARDING CYBER-SECURITY
  1. MARKET BY SOLUTIONS & SERVICES
    • BY SOLUTIONS
      • TRAFFIC MANAGEMENT SYSTEMS
      • INTEGRATED SUPERVISION SYSTEMS
      • PASSENGER INFORMATION SYSTEMS
      • TICKETING SYSTEMS
      • PARKING MANAGEMENT SYSTEMS
    • BY SERVICES
      • SUPPORT & MAINTENANCE
      • CLOUD
      • BUSINESS ANALYTICS
  1. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • PESTEL ANALYSIS
      • POLITICAL
      • ENVIRONMENTAL
      • SOCIAL
      • TECHNOLOGICAL
      • ECONOMIC
      • LEGAL
  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • FRANCE
      • GERMANY
      • ITALY
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST
      • AFRICA
  1. COMPANY PROFILES
    • ACCENTURE, PLC
    • AMANO CORPORATION
    • ALSTOM SA
    • CISCO SYSTEMS INC.
    • CUBIC CORPORATION
    • GEMALTO N.V.
    • INDIGO
    • INRIX INC.
    • INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)
    • KAPSCH TRAFFICOM GMBH
    • MSR-TRAFFIC GMBH
    • NEDAP N.V.
    • ORANGE BUSINESS SERVICES
    • ON TRACK INNOVATIONS (OTI) LTD.
    • Q-FREE ASA
    • SERCO GROUP PLC
    • SIEMENS AG
    • SKIDATA AG
    • SWARCO AG
    • SYNAPT (DIVISION OF PRODAPT)
    • T2 SYSTEMS INC.
    • XEROX CORPORATION

 

LIST OF TABLES 

TABLE 1: GLOBAL SMART TRANSPORTATION MARKET, BY GEOGRAPHY, 2018-2026 (IN $ BILLION)

TABLE 2: GLOBAL SMART TRANSPORTATION MARKET, BY SOLUTIONS & SERVICES, 2018-2026, (IN $ BILLION)

TABLE 3: GLOBAL SMART TRANSPORTATION SOLUTIONS MARKET, BY REGION, 2018-2026 (IN $ BILLION)

TABLE 4: GLOBAL SMART TRANSPORTATION SERVICES MARKET, BY REGION, 2018-2026 (IN $ BILLION)

TABLE 5: GLOBAL SMART TRANSPORTATION MARKET, BY SOLUTIONS, 2018-2026, (IN $ BILLION)

TABLE 6: GLOBAL TRAFFIC MANAGEMENT SYSTEMS MARKET, BY REGION, 2018-2026 (IN $ BILLION)

TABLE 7: GLOBAL INTEGRATED SUPERVISION SYSTEMS MARKET, BY REGION, 2018-2026 (IN $ BILLION)

TABLE 8: GLOBAL PASSENGER INFORMATION SYSTEMS MARKET, BY REGION, 2018-2026 (IN $ BILLION)

TABLE 9: GLOBAL TICKETING SYSTEMS MARKET, BY REGION, 2018-2026 (IN $ BILLION)

TABLE 10: GLOBAL PARKING MANAGEMENT SYSTEMS MARKET, BY REGION, 2018-2026 (IN $ BILLION)

TABLE 11: GLOBAL SMART TRANSPORTATION MARKET, BY SERVICES, 2018-2026 (IN $ BILLION)

TABLE 12: GLOBAL SUPPORT AND MAINTENANCE SERVICES MARKET, BY REGION, 2018-2026 (IN $ BILLION)

TABLE 13: GLOBAL CLOUD SERVICES MARKET, BY REGION, 2018-2026 (IN $ BILLION)

TABLE 14: GLOBAL BUSINESS ANALYTICS SERVICES MARKET, BY REGION, 2018-2026 (IN $ BILLION)

TABLE 15: OPPORTUNITY MATRIX OF SMART TRANSPORTATION MARKET

TABLE 16: VENDOR LANDSCAPE OF SMART TRANSPORTATION MARKET

TABLE 17: GLOBAL SMART TRANSPORTATION MARKET, BY REGION, 2018-2026, (IN $ BILLION)

TABLE 18: NORTH AMERICA SMART TRANSPORTATION MARKET, BY COUNTRY, 2018-2026 (IN $ BILLION)

TABLE 19: EUROPE SMART TRANSPORTATION MARKET, BY COUNTRY, 2018-2026 (IN $ BILLION)

TABLE 20: ASIA PACIFIC SMART TRANSPORTATION MARKET, BY COUNTRY, 2018-2026 (IN $ BILLION)

TABLE 21: REST OF THE WORLD SMART TRANSPORTATION MARKET, BY COMPONENTS, 2018-2026 (IN $ BILLION)

LIST OF FIGURE

FIGURE 1: GLOBAL SMART TRANSPORTATION MARKET, BY SOLUTIONS, 2017 & 2026 (IN %)

FIGURE 2: WORLDWIDE AUTOMOTIVE (CARS & COMMERCIAL VEHICLES) PRODUCTION, 2015-2020 (IN MILLION)

FIGURE 3: GLOBAL SMART TRANSPORTATION SOLUTIONS MARKET, BY TRAFFIC MANAGEMENT SYSTEMS, 2018-2026 (IN $ BILLION)

FIGURE 4: GLOBAL SMART TRANSPORTATION SOLUTIONS MARKET, BY INTEGRATED SUPERVISION SYSTEMS, 2018-2026 (IN $ BILLION)

FIGURE 5: GLOBAL SMART TRANSPORTATION SOLUTIONS MARKET, BY PASSENGER INFORMATION SYSTEMS, 2018-2026 (IN $ BILLION)

FIGURE 6: GLOBAL SMART TRANSPORTATION SOLUTIONS MARKET, BY TICKETING SYSTEMS, 2018-2026 (IN $ BILLION)

FIGURE 7: GLOBAL SMART TRANSPORTATION SOLUTIONS MARKET, BY PARKING MANAGEMENT SYSTEMS, 2018-2026 (IN $ BILLION)

FIGURE 8: GLOBAL SMART TRANSPORTATION SERVICES MARKET, BY SUPPORT & MAINTENANCE SERVICES, 2018-2026 (IN $ BILLION)

FIGURE 9: GLOBAL SMART TRANSPORTATION SERVICES MARKET, BY CLOUD SERVICES, 2018-2026 (IN $ BILLION)

FIGURE 10: GLOBAL SMART TRANSPORTATION SERVICES MARKET, BY BUSINESS ANALYTICS SERVICES, 2018-2026 (IN $ BILLION)

FIGURE 11: PORTER’S FIVE FORCE MODEL OF SMART TRANSPORTATION MARKET

FIGURE 12: PESTEL ANALYSIS OF SMART TRANSPORTATION MARKET

FIGURE 13: GLOBAL SMART TRANSPORTATION MARKET, REGIONAL OUTLOOK, 2017 & 2026 (IN %)

FIGURE 14: UNITED STATES SMART TRANSPORTATION MARKET, 2018-2026 (IN $ BILLION)

FIGURE 15: CANADA SMART TRANSPORTATION MARKET, 2018-2026 (IN $ BILLION)

FIGURE 16: UNITED KINGDOM SMART TRANSPORTATION MARKET, 2018-2026 (IN $ BILLION)

FIGURE 17: FRANCE SMART TRANSPORTATION MARKET, 2018-2026 (IN $ BILLION)

FIGURE 18: GERMANY SMART TRANSPORTATION MARKET, 2018-2026 (IN $ BILLION)

FIGURE 19: ITALY SMART TRANSPORTATION MARKET, 2018-2026 (IN $ BILLION)

FIGURE 20: SPAIN SMART TRANSPORTATION MARKET, 2018-2026 (IN $ BILLION)

FIGURE 21: REST OF EUROPE SMART TRANSPORTATION MARKET, 2018-2026 (IN $ BILLION)

FIGURE 22: CHINA SMART TRANSPORTATION MARKET, 2018-2026 (IN $ BILLION)

FIGURE 23: JAPAN SMART TRANSPORTATION MARKET, 2018-2026 (IN $ BILLION)

FIGURE 24: INDIA SMART TRANSPORTATION MARKET, 2018-2026 (IN $ BILLION)

FIGURE 25: SOUTH KOREA SMART TRANSPORTATION MARKET, 2018-2026 (IN $ BILLION)

FIGURE 26: AUSTRALIA SMART TRANSPORTATION MARKET, 2018-2026 (IN $ BILLION)

FIGURE 27: REST OF ASIA PACIFIC SMART TRANSPORTATION MARKET, 2018-2026 (IN $ BILLION)

FIGURE 28: LATIN AMERICA SMART TRANSPORTATION MARKET, 2018-2026 (IN $ BILLION)

FIGURE 29: MIDDLE EAST SMART TRANSPORTATION MARKET, 2018-2026 (IN $ BILLION)

FIGURE 30: AFRICA SMART TRANSPORTATION MARKET, 2018-2026 (IN $ BILLION)

  1. MARKET BY SOLUTIONS & SERVICES
    • BY SOLUTIONS
      • TRAFFIC MANAGEMENT SYSTEMS
      • INTEGRATED SUPERVISION SYSTEMS
      • PASSENGER INFORMATION SYSTEMS
      • TICKETING SYSTEMS
      • PARKING MANAGEMENT SYSTEMS
    • BY SERVICES
      • SUPPORT & MAINTENANCE
      • CLOUD
      • BUSINESS ANALYTICS
  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • FRANCE
      • GERMANY
      • ITALY
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST
      • AFRICA

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