Smart Transportation Market 2021
This Newly added report provided by Straits Research Smart Transportation market Presents an Analysis of Market Situation and Challenges. Experts have studied the historical data and compared it with the Current Market Situation- 2021. The Research Report covers all the necessary information and remarkable data required by new market entrants as well as the existing players to gain a deeper insight into the market.
The smart transportation market is expected to grow at a CAGR of 12% during the forecast period 2021-2026.
Smart transportation refers to the management strategies and integrated application of modern technologies in transportation systems relating traffic and transport management so as to enable users to make ‘smarter’ use of transport networks. Globally, smart cities are taking the help of this technology to develop such seamless and connected transportation systems. The United States has initiated the United Smart Cities program to develop and scale up the concept.
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Years that have been considered for the study of this report are as follows:
Market Segmentation:
By Product Type
By Transportation Mode
By Solution
Regional Segmentation:
Additionally, the analysis also delivers a comprehensive review of the crucial players on the Smart Transportation Market along with their company profiles, SWOT analysis, latest advancement and business plans.
Why Buy This Report?
In many developed countries, transportation accounts for 6-12% of the gross domestic product (GDP). Smart transportation systems are trending in the Internet of Things area and are considered as a modern solution for tradition transportation problems. Moreover, many governments across the world have realized the importance of smart transportation systems and have started implementing these solutions in various cities as a part of smart city projects.
In October 2017, GE Transportation marked a critical milestone with the digitalization of locomotives by delivering 10,000 Trip Optimizer units ordered and 10,000 GoLINC modules.
This report offers key insights pertaining to the smart transportation market with emphasis on recent developments across geographies and development strategies adopted by prominent market participants. The following sections have specifically been covered in the report.
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