The Smart Transportation Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Smart Transportation Market?
The size of the smart transportation market has seen rapid expansion recently. In terms of figures, it is expected to surge from $158.49 billion in 2024 to $181.77 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 14.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Smart Transportation Industry?
The smart transportation market is anticipated to expand to $335.95 billion in 2029, with a compound annual growth rate (CAGR) of 16.6%.
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What are the Key Growth Drivers Fueling the Smart Transportation Market?
The key drivers in the smart transportation market are:
• Rise in the adoption of electric and autonomous vehicles
• Increasing focus on sustainability and eco-friendly transportation solutions
• Growth in the shared mobility and ride-sharing industry
• Expansion of smart transportation infrastructure in emerging economies
Global Market Segmentation: Identifying Major Smart Transportation Industry Segments
The smart transportation market covered in this report is segmented –
1) By Product Type: Advanced Traveler Information Systems (ATIC), Advanced Transportation Management Systems (ATMS), Advanced Transportation Pricing Systems (ATPS), Advanced Public Transportation Systems (APTS), Cooperative Vehicle Systems
2) By Transportation Mode: Roadways, Railways, Airways, Maritime
3) By Application: Traffic Management, Road Safety And Security, Parking Management, Public Transport, Automotive Telematics, Freight
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What are the Emerging Trends Shaping the Future of the Smart Transportation Market?
The key trends in the light car trailer market are:
• Development of integrated Mobility-as-a-Service (MaaS) platforms is a key trend emerging in the smart transportation market.
• There is an increasing emphasis on predictive maintenance for transportation fleets.
• The use of artificial intelligence for traffic prediction and optimization is shaping the future of the market.
• Integration of blockchain technology for secure transactions and collaboration between automotive manufacturers and technology companies for connected vehicle solutions are also major upcoming trends.
Who Are the Top Competitors & Leading Players in the Smart Transportation Market?
Major companies in the smart transportation market are:
• Cisco Systems Inc.
• Toshiba Corporation
• Siemens Corporation
• SAP SE
• Thales Group
• Alphabet Inc.
• Tesla Inc.
• Uber Technologies Inc.
• Mobileye
• NVIDIA Corporation
• Siemens Mobility
• TomTom N. V.
• IBM Corporation
• Qualcomm Inc.
• Intel Corporation
• General Motors Company
• Ford Smart Mobility
• Daimler AG
• Bosch Group
• Continental AG
• Cubic Corporation
• Aptiv PLC
• Trimble Inc.
• HERE Technologies
• Velodyne Lidar Inc.
• ChargePoint Inc.
• NXP Semiconductors
• TransCore Holdings Inc.
• WSP Global Inc.
• Cryoport Inc.
Regional Dominance: Which Area Leads the Global Smart Transportation Market?
North America was the largest region in the smart transportation market in 2024
