Global Smart Transportation Industry

Global Smart Transportation Industry

  • September 2020 •
  • 147 pages •
  • Report ID: 5799665 •
  • Format: PDF
Global Smart Transportation Market to Reach $211.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Smart Transportation estimated at US$84 Billion in the year 2020, is projected to reach a revised size of US$211.4 Billion by 2027, growing at a CAGR of 14.1% over the analysis period 2020-2027. Roadways, one of the segments analyzed in the report, is projected to record a 13.3% CAGR and reach US$87.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Railways segment is readjusted to a revised 14.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $24.8 Billion, While China is Forecast to Grow at 13.6% CAGR

The Smart Transportation market in the U.S. is estimated at US$24.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$36.9 Billion by the year 2027 trailing a CAGR of 13.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.3% and 12.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.4% CAGR.

Airways Segment to Record 16.1% CAGR

In the global Airways segment, USA, Canada, Japan, China and Europe will drive the 15.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$13.1 Billion in the year 2020 will reach a projected size of US$36.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$25.3 Billion by the year 2027.We bring years of research experience to this 6th edition of our report. The 147-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • ABB Group
  • Accenture PLC
  • Advanced Navigation and Positioning Corporation (ANPC)
  • AeroVironment, Inc.
  • Aldridge Traffic Systems Pty. Ltd. (ATS)
  • Alstom SA
  • Amadeus IT Group SA
  • Amano Corporation
  • BASS Software Ltd.
  • Bentley Systems, Inc.
  • Bestmile USA, Inc.
  • BlaBlaCar
  • Bombardier, Inc.
  • Cambio Carsharing
  • Car2go NA, LLC
  • ChargePoint, Inc.
  • Chariot
  • Cisco Systems, Inc.
  • Citi Bike
  • Cityhop Ltd.
  • Communauto Inc.
  • Conduent, Inc.
  • Confidex Ltd.
  • Continental AG
  • CPI Card Group, Inc.
  • Cubic Corporation
  • Cyient Ltd.
  • Delphi Technologies
  • DNV GL Group
  • DriveNow GmbH & Co. KG
  • E2s Warning Signals
  • Eaton Corporation PLC
  • Econolite
  • Evatran (Plugless Power)
  • Federal Signal Corporation
  • Gemalto NV
  • Google LLC
  • Harman International Industries, Inc.
  • Harris Corporation
  • Hevo Power
  • Hitachi Ltd.
  • Huawei Technologies Co., Ltd.
  • IBM Corporation
  • Indigo UK
  • Indra Sistemas SA
  • Kapsch AG
  • Medha Servo Drives Private Limited
  • Mitsubishi Electric Corporation
  • Mobike
  • Mojo Mobility
  • Momentum Dynamics Corp
  • Nedap Identification Systems
  • Neusoft Corporation
  • NXP Semiconductors NV
  • ofo, Inc.
  • Predikto, Inc.
  • PTV Group
  • Rambus, Inc.
  • Robert Bosch GmbH
  • Rockwell Collins, Inc.
  • SAP SE
  • Siemens AG
  • Streetline
  • TE Connectivity Ltd.
  • Teleste Corporation
  • Thales Group
  • The Descartes Systems Group Inc.
  • Tiger Analytics
  • Tkh Group-Park Assist
  • TomTom International BV
  • Toshiba Corporation
  • Trimble, Inc.
  • Uber Technologies Inc.
  • Veson Nautical LLC.
  • WERMA Signaltechnik GmbH + Co. KG,
  • Witricity Corporation