Prominent smart transportation market players are making huge investments in research and development activities in a bid to produce improved products that would meet the requirements of large number of customers. The growing population of the world has led to rapid urbanization, resulting in many problems, such as congestion and safety issues on roads. The global smart transportation market size was valued at USD 101.26 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.6% from 2022 to 2030. IMARC Services Private Limited September 19, 2022, 08:49 GMT The global smart transportation market size reached US$ 85 Billion in 2021. Description New Research Study ""Smart Transportation Market 2022 analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Smart transport or intelligent transport is an advanced transportation infrastructure that aims to provide innovative traffic and transport management systems services. Global Smart Transportation market size was ** billion USD in 2021, and will expand at a CAGR of **% from 2022 to 2026, according to the report. In today's fast-moving urban life, traffic congestion and other traffic-related issues are among the major challenges faced by an individual daily. The Global Smart Fabrics for Transportation market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2028. Global and Chinese Smart Transportation Market 2022 is a professional and in-depth study on the current state of the global market with a focus on the Global and Chinese market. The "Smart Transportation Market By Solution, By Services, By Transportation Type: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.. The report aims to provide an overview of global smart transportation market with detailed market segmentation by system, services and geography. The business intelligence study on the Smart Transportation market makes several conclusions on growth factors, difficulties, and opportunities that affect the revenue margins of the industry landscape from 2022 to 2028. One of the key factors encouraging smart transportation solutions in roadways is to enhance road safety for pedestrians, passengers, and drivers, along with decreasing crash rates occurring in day-to-day life. Overview of the Smart Transportation Market According to Infoholic Research, the global smart transportation market is expected to grow at a CAGR of more than 18% during the forecast period 2019-2025. Smart Transportation Market size was valued at US$ 104.51 Bn. The MEA smart transportation market is expected to grow at a CAGR of above 20% from 2018 to 2024 due to favorable government initiatives for the smart city development in the countries including Saudi Arabia, South Africa, and Qatar. Rapid surge in population rates and expanding urban demographic are driving smart transportation market revenue growth. The automotive industry has made some monumental transitions with its integration with AI, machine learning, and the Internet of Things (IoT). Get Market Research Insights Segmented by Transportation Types, Transportation Solution, Transportation Services, Application, and Geography by Our Experts. The global smart transportation market was valued at $96.6 billion in 2020, and is projected to reach $251.0 billion by 2030, growing at a CAGR of 10.2% from 2021 to 2030. Statistical. The global smart transportation market is segmented on the basis of type, application, and geography. The global impact of COVID-19 has been unprecedented and staggering, with the market witnessing a negative impact on demand across all regions amid the pandemic. The global smart transportation market size was USD 103.81 Billion in 2021 and is expected to register a revenue CAGR of 10.6% during the forecast period. in 2021 and the total revenue is expected to grow at a CAGR of 10.6% through 2022 to 2029, reaching nearly US$ 234 Bn. Smart Transportation Market Scope: The global smart transportation market reached a value of US$ 85 Billion in 2021. The global smart transportation market was valued at US$ 95.1 bn in 2020 and expected to reach US$ 155.1 bn by 2027, growing at a CAGR of 11.2% during the forecast period. All Market Sectors; . Smart Transportation Market: Drivers and Restraints Increase in government norms and initiatives to reduce pollution, day to day rise in traffic congestion, and ability to save time and fuel are the key drivers resulting in the growth of smart transportation market. The smart transportation market is expected to reach USD 311 billion by 2026, at a CAGR of 18.68% over the forecast period (2021-2026). Smart Transportation Market forecast to reach $292.5 billion by 2026, at a CAGR of 16.5% during 2021-2026. The Global Smart Transportation Market Definition: Smart transportation refers to the integration of management strategies and modern technologies in the transportation systems. Smart transportation market size is set to exceed USD 130 billion by 2024, says latest research report by Global Market Insights, Inc. based on industry segment covering Mode of Transportation (Roadways, Railways, Airways), Component (Software, Services), and more. the smart transportation market is segmented on the basis of by transportation mode (roadways, railways, airways, and maritime), product type (solution (smart ticketing & toll, parking. In 2019, the North America market is valued US$ XX.X million and the market share is estimated X.X%, and it is expected to be US$ XX.X million and X.X% in 2029, with a CAGR X.X% from 2020 to 2029. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence . The roadways segment is anticipated to possess the largest share within the smart transportation market in 2019. Looking forward, IMARC Group expects the market to reach. Learn about the global satellite bus market through The Business Research Company, which provides information on satellite bus market size, satellite bus market drivers and restraints, satellite bus market players, the COVID-19 impact on the satellite bus market, and more. Smart Transportation Market - Smart Transportation Demand, Industry, Analysis, Size, Growth, Estimates, Forecasts This report was recently updated on August 29 2022 with the latest and most recent market numbers " Smart Transportation Market" research report 2022-2028 provides a meticulous assessment of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. In 2022, the market is growing at a stable rate and with the . The global smart transportation market is projected to advance at CAGR of 21.30% during the forecast period between 2021 and 2031. It involves various technologies such as hardware and internet connectivity. The growth. The Global Smart Transportation Market Definition: Smart transportation refers to the integration of management strategies and modern technologies in the transportation systems. Smart Transportation Market Overview New Trends Use In This, Forecast 2022-2028. While for end-users it empowers them by giving real time information about their vehicle performance and traffic problems to improve safety and reduce greenhouse emissions. Global Smart Transportation market size was ** billion USD in 2021, and will expand at a CAGR of **% from 2022 to 2026, according to the report. According to our latest market study on "Smart Transportation Systems Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Component, System and Application". In addition, interconnected bike and pedestrian walkways entice people to leave their vehicles at home more often, contributing to a more sustainable environment. There were five stages to the research study on the Smart Transportation market: secondary research, primary research, subject matter expert guidance, quality check, and final review. Reduced traffic congestion results in cleaner air, less wasted time and reduced energy consumption. The smart transportation. Asia Pacific Smart Transportation Market is accounted for $XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. The global smart transportation market reached a value of US$ 85 Billion in 2021. Smart Transportation Market Overview: Top Key Players of Smart. The global smart transportation market was valued at US$57.9 billion (48.74 billion) in 2018 and is expected to reach US$191.3 billion (161.03 billion) in 2026, growing at a compound annual growth rate (CAGR) of 16.4% during the forecast period. Smart Transportation is more efficient: With better management comes more efficient use. The global smart transportation market is expected to grow from $108 billion in 2021 to $124.21 billion in 2022 at a compound annual growth rate (CAGR) of 15.01%. Redding, California - December 1, 2021 Smart Transportation Market Worth $33.6 Billion by 2028 Smart Transportation Market by Transportation Mode, Product Type (Solution & Services), Application (Mobility as a Service, Route Information, Route Guidance, Public Transport, Transit Hubs, Connected Cars), and Region - Global Forecast to 2028 Major factors that are driving the market growth by an increase in urban population, government initiatives, the emergence of green fuels, and smart technologies. Global Smart Transportation Market was estimated at USD 95.84 billion in 2021 and is anticipated to reach USD. US smart transportation market is projected to witness considerable growth during the forecast period. The report gives a fundamental overview of the . Global Smart Transportation Market is accounted for $73.01 billion in 2017 and expected to grow at a CAGR of 25.8% to reach $222.12 billion by 2024 during the forecast period 2018-2024. The Smart Transportation Market has been growing at a good pace and is expected to reach to a notable market size by 2027 growing at a momentous compound annual growth rate (CAGR). According to a comprehensive market study, the global 5G in Automotive and Smart Transportation Market, which is currently valued at US$ 1.49 billion, will reach US$ 9.77 billion in value by the year 2030.The demand for 5G in the automotive and smart transportation sectors is anticipated to increase at an astounding CAGR of 26.5% between 2022 and 2030. Market restraints ; Smart-transport technology is a vast concept. Smart Transportation Market: Drivers and Restraints According to this report the smart transportation market was valued at $96.6 billion in 2020, and is estimated to reach $251.0 billion by 2030, growing at a CAGR of 10.2% from 2021 to 2030. Increase in urban population, various government regulations, growing smart city initiatives assist in developing connected vehicle technologies such as Vehicle-to-Vehicle (V2V) and Vehicle-to-Grid infrastructure (V2I). The market is expected to have a significant growth rate during the projection period and therefore accumulate a sizeable valuation by the end of 2028, according to notable . The I-77 Panther Interchange Design-Build project, meant to relieve traffic congestion on a highly-traveled interstate, is underway in South Carolina and on track to be completed in 2023. . Smart transportation not only provides detailed data points for every aspect of the transportation system, but allows administrators to better monitor operations, track maintenance needs, and identify key sources of problems that need to be fixed. The global smart transportation market was valued at US$ 95.1 bn in 2020 and expected to reach US$ 155.1 bn by 2027, growing at a CAGR of 11.2% during the forecast period.. Market Analysis and Insights The Smart Transportation Market size is projected to reach USD billion in 2027 growing at an estimated CAGR of 18% during 2021-2027. In traffic management system, smart transportation solution monitors, manages and predicts traffic to prevent road blockages. Get your free sample now for Smart Transportation Market full report. The smart transportation market reports provide a detailed vendor landscape to identify the strengths and strategies of vendors operating in the market. Smart Transportation Market Smart Transportation Market Dublin, Aug. 17, 2022 (GLOBE NEWSWIRE) -- The "Smart Transportation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The Smart Transportation market size is estimated to grow from USD XX Billion in 2020 to USD XX Billion by 2027, growing at a CAGR of 18% during the forecast year from 2021 to 2027. In 2020, the market is growing at a steady rate . The major restraint of this Smart Transportation Market is the lack of uniformity. Major factors that are driving the market growth by an increase in urban population, government initiatives, the emergence of green fuels, and smart technologies. 8.2.1 South America Smart Transportation Card Sales in Volume by Country (2023-2028) 8.2.2 South America Smart Transportation Card Sales in Value by Country (2023-2028)9 Middle East and Africa . The global satellite bus market is expected to grow from $10.42 billion in 2021 to $11.04 billion in 2022 at a Looking forward, IMARC Group expects the market to reach US$ 166.7 Billion by 2027, exhibiting a CAGR of 12.4% during 2022-2027. [373 Pages Report] The global smart transportation market size is expected to grow from USD 94.5 billion in 2020 to USD 156.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period during. The Global Smart Transportation Market 2022 Research Report is a thorough analysis of the Smart Transportation industry's current state of affairs. Smart transportation solutions are clean and efficient. Smart Transportation Market is forecasted to value over USD 193.6 billion by 2028 end and register a CAGR of 10.6% from the forecast period 2021-2028. According to this report the smart transportation market was valued at $96.6 billion in 2020, and is estimated to reach $251.0 billion by 2030, growing at a CAGR of 10.2% from 2021 to 2030. Smart transportation . Urban demographic are driving Smart transportation market Definition: Smart transportation is a term that refers to one of most! 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