Smart Transportation Market Size & Growth
Smart transportation is defined as the incorporation of advanced technologies to produce innovative services to accommodate substantial transport and traffic management systems. It can also be termed as intelligent transport solutions (ITS). The purpose of the market is to transform conventional into time and fuel-saving transportation systems. With the second wave of COVID19, the cases have been higher than earlier posing a threat to the development of the transportation industry. To curb global recession, constant government initiatives have been assisting to stabilize the downfall of the market. The before-mentioned actions are projected to empower the global smart transportation market in the outlook period.
According to the report issued by Global Market Estimates Research & Consultants, the Smart Transportation Market is implied to register a significant acceleration of 10.6% during the forecast period (2020-2026).
The restraints of the market are primary installation prices and deficiency of standardization that may affect the consistent momentum of the market yet, market transformation by electrification, increasing capital investments towards smart city projects, and usage of modern technologies to improve user experience are some of the factors supplementing to the impulse of the global smart transportation market.
Browse 163 Market Data Tables and 124Figures spread through 187Pages on "Smart Transportation Market - Forecasts to 2026" https://www.globalmarketestimates.com/market-report/smart-transportation-market-2508
By Type of Transportation Mode (Roadways, Railways, Airways, and Maritime), By Type of Communication Technology (Communication Technology in Roadways, Communication Technology in Railways, Communication Technology in Airways, and Communication Technology in Maritime), By Type of Application (Mobility as a Service, Route Information & Route Guidance, Public Transport, Transit Hubs, Connected Cars, Video Management, and Others), By Type of Region (NA [North America], Europe, APAC [Asia Pacific], MEA [the Middle East & Africa], and CSA [Central & South America]), End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis
Key Market Insights:
· The smart transportationmarket will show tremendous growth with a CAGR value of 10.6% during 2020-2026.
· Roadwaysareseen to dominate themarket from 2020 to 2026.
· Public transportarewitnessed to rise at a significant rise in CAGR% in thesmart transportationmarket.
· Amongst all the regions across the globe, APAC is expected to have the highest growth over the coming years.
Browse the smart transportationmarket report @ https://www.globalmarketestimates.com/market-report/smart-transportation-market-2508
· Type of Transportation ModeOutlook (Revenue, USD Million, 2020 - 2026)
· Railways
· Airways
· Maritime
· Type of Communication Technology Outlook (Revenue, USD Million, 2020 - 2026)
· Communication Technology in Roadways
· Communication Technology in Railways
· Communication Technology in Airways
· Communication Technology in Maritime
· Type of Application Outlook (Revenue, USD Million, 2020 - 2026)
· Mobility as a Service
· Route Information and Route Guidance
· Public Transport
· Transit Hubs
· Connected Cars
· Video Management
· Other Applications
· Regional Outlook (Revenue, USD Million, 2020 - 2026)
· North America
· The U.S.
· Canada
· Mexico
· Europe
· Germany
· UK
· France
· Spain
· Italy
· Rest of Europe
· Asia Pacific
· China
· India
· Japan
· South Korea
· Australia
· Rest of APAC
· Central & South America
· Brazil
· Argentina
· Chile
· Rest of CSA
· Middle East & Africa
· Saudi Arabia
· South Africa
· UAE
· Rest of MEA
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