Ofer Eitan Imply: Top Companies, Trends, Growth Factors Details - Jonathan Cartu - Moving & Transportation Services
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Ofer Eitan Imply: Top Companies, Trends, Growth Factors Details

Smart Transportation Market Outlook 2024: Top Companies, Trends, Growth Factors Details

Ofer Eitan Imply: Top Companies, Trends, Growth Factors Details

Robust penetration of smart technologies in the transit space has led the global smart transportation market trends to accrue massive momentum in the recent years. This growth can be appropriately credited to the mounting adoption of connected vehicle technologies to support the public safety.

Also, an upsurge in the number of passenger and commercial vehicles across the developing economies has escalated the product demand over the years, eventually propelling the smart transportation market outlook.

The constant efforts of the automotive industry players to introduce innovative products and latest technologies to suffice the public demands have supplemented the business dynamics by 2024.

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Based on the components segmentation, the global passenger information systems market trends are projected to accrue noticeable gains in the upcoming years owing to the product’s provision of news broadcasting, entertainment, emergency communication services.

According to reports, the global passenger information systems in smart transportation market is expected register a CAGR of 20 per cent through 2024.

Moreover, the proliferating needs for smart traffic management systems to regulate the flow of traffic would propel the market demands over the projected timeframe. For instance, a Chinese firm, Didi Chuxing in 2018 introduced a smart city traffic management solution in tandem with Chinese traffic management for the country’s traffic management. Additionally, the product has been brought to use by over 20 Chinese cities to cater to the smart transportation requirements by the masses.

As per estimates, smart traffic management solutions held over USD 9.3 billion in 2017 and is probable to be worth USD 25.4 billion by 2024.

China, the biggest automotive market across the globe, has been highly proactive in improvising its automobiles, thereby emerging as a pivotal contributor in smart transportation market. The nation has seemingly deployed intelligent transportation systems such as traffic signal control systems, variable message signs, car navigation, speed cameras and automatic number plate recognition. This is being done primarily to update transportation systems and resolve various social issues that are often indirectly related to poor transportation. In fact, one of the most iconic instances demonstrating China’s proactiveness in smart transportation industry is the construction of an intelligent highway equipped with battery chargers, solar panels and mapping sensors all along the 1.08 km stretch.

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In the forthcoming years, vehicle ownership is likely to be displaced with the rapid proliferation of Mobility-as-a-Service technology. Smart transportation market is expected to witness an altogether new scenario of ride-hailing services and pilotless vehicle options, revolutionizing the automotive & transportation space in its entirety. As per estimates, smart transportation industry is anticipated to increase commendably in the ensuing years, with a target valuation of USD 130 billion by 2024.

Some Points From Table Of Content: –

Chapter 5.   Global Smart Transportation Market, By Mode of Transportation

5.1.  Global smart transportation industry, key takeaways, by mode of transportation

5.2.  Roadways     

5.2.1. Market estimates and forecast, 2013 – 2024

5.2.2. Market estimates and forecast, by region, 2013 – 2024

5.3.  Railways

5.3.1. Market estimates and forecast, 2013 – 2024

5.3.2. Market estimates and forecast, by region, 2013 – 2024

5.4.  Airways

5.4.1. Market estimates and forecast, 2013 – 2024

5.4.2. Market estimates and forecast, by region, 2013 – 2024

Chapter 6.   Global Smart Transportation Market, By Component

6.1.  Global smart transportation industry, key takeaways, by component

6.2.  Software

6.2.1. Telematics

6.2.1.1.   Market estimates and forecast, 2013 – 2024

6.2.1.2.   Market estimates and forecast, by region, 2013 – 2024

6.2.2. Parking management

6.2.2.1.   Market estimates and forecast, 2013 – 2024

6.2.2.2.   Market estimates and forecast, by region, 2013 – 2024

6.2.3. Ticket management

6.2.3.1.   Market estimates and forecast, 2013 – 2024

6.2.3.2.   Market estimates and forecast, by region, 2013 – 2024

6.2.4. Traffic management

6.2.5. Security and surveillance

6.2.6. Passenger information system

6.3.  Service

6.3.1. Training and consulting service

6.3.2. Integration service

6.3.3. Support and maintenance service

Chapter 7.   Global Smart Transportation Market, By Deployment model

7.1.  Global smart transportation market, key takeaways, by deployment model

7.2.  On-premise

7.2.1. Market estimates and forecast, 2013 – 2024

7.2.2. Market estimates and forecast, by region, 2013 – 2024

7.3.  Cloud

7.3.1. Market estimates and forecast, 2013 – 2024

7.3.2. Market estimates and forecast, by region, 2013 – 2024

7.4.  Hybrid

7.4.1. Market estimates and forecast, 2013 – 2024

7.4.2. Market estimates and forecast, by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/smart-transportation-market

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