technology news

Smart Transportation Market Key Growth Factors, development trends, key manufacturers and competitive forecast 2024

New research report on Smart Transportation market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Smart Transportation market also includes an in-depth study of the industry's competitive scenario.

Increased traffic congestion, growing pollution, and high occurrences of accidents are the major factors enabling the countries to globally adopt the smart transportation system. These systems enable the integration of various smart technologies such as IoT, artificial intelligence, and smart sensors into transportation vehicles, thereby driving the market growth. The systems aid in improving the fleet & logistics management, goods & services management, driver assistance for traffic management, and automation of roadways, railways, and airways, accelerating the smart transportation adopt the smart market demand.

The IoT-enabled transport services are also widely being leveraged for smart parking solutions, telematics solutions, ticket management, security and surveillance, and passenger information systems. Moreover, due to the smart city revolution, the government of various countries are investing huge funds in the smart city initiatives, which assist in developing connected vehicle technologies, smart infrastructure, and optimizing traffic patterns thereby making transport systems more efficient and reliable. For instance, in 2017, the Indian government invested USD 15 billion for the development of smart infrastructure and management services under the smart city initiative.

Request Sample Copy of this Report @ https://www.cuereport.com/request-sample/43774

Smart Transportation Market is projected to surpass USD 130 billion by 2024.

Smart Transportation Market Key Growth Factors, development trends, key manufacturers and competitive forecast 2024
Smart Transportation Market Key Growth Factors, development trends, key manufacturers and competitive forecast 2024

Request Sample Copy of this Report @ https://www.cuereport.com/request-sample/43774

Roadways account for the highest share in the smart transportation market and are anticipated to dominate the market growing at a CAGR of 20 percent with USD 36 billion in 2017 to reach USD 108 billion by 2024. Approximately 1745.5 million metric CO2 emissions come from the transportation sector, accounting for 28 percent of total emissions globally. The adoption of smart transportation solutions, such as smart fuels and connected vehicles, helps in reducing the total carbon emissions and enhancing the environmental safety. The railway sector is expected to grow at the fastest rate over the forecast period. It carries billions of tons of freight and passengers each year, which results in the development of efficient smart rail infrastructure and technologies. The government of various countries are also taking up initiatives and implementing regulations for the development of the smart railway system. In some countries including China, the government has invested USD 28 billion in various PPP projects for implementing smart railways.

Major Highlights from Table of contents are listed below for quick lookup into Smart Transportation Market report

Chapter 1. Methodology and Scope

  • Definitions & forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2. Executive Summary

  • Business trends of Smart Transportation Market
  • Product trends
  • Application trends

Chapter 3. Smart Transportation Industry Insights

  • Smart Transportation Market Industry segmentation
  • Industry landscape
  • Analysis of Manufacturers in the Smart Transportation industry
  • Distribution channel analysis
  • End-use landscape
  • Vendor matrix
  • Smart Transportation Market Technology & innovation landscape
  • Industry impact forces
  • Smart Transportation Market Growth drivers
  • Industry pitfalls & challenges
  • Key trends by Segments

Chapter 4. Company Profiles

  • Business Overview of Smart Transportation Market Companies
  • Financial Data
  • Product Landscape
  • Strategic Outlook and Decisive Analysis of companies in Smart Transportation Market
  • SWOT Analysis

Request Customization on This Report @ https://www.cuereport.com/request-for-customization/43774

About the author

Market Study Report

Market Study Report, LLC. is a hub for market intelligence products and services.

We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.

Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.

If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.