Asia-Pacific smart transportation market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the smart city initiatives in the emerging economies of the region, such as China and India. Moreover, the rising urban population and significant penetration rate of IoT and automation technologies in the region, are some other factors augmenting the market growth in Asia-Pacific. The smart transportation market is classified on the basis of transportation mode and application. Based on transportation mode, the market is segmented into railways, airways, roadways, and maritime. Based on application, the market is segregated into ticketing management system, parking management system, traffic management system, and others. The smart transportation market will be driven by the roadway’s transportation. The roadway smart transportation market is estimated to project a considerable CAGR during the forecast period.
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Geographically, Asia-Pacific smart transportation market is analyzed for China, Japan, India, and rest of Asia-Pacific. China contributed the major share in Asia-Pacific smart transportation market in 2019 and is expected to retain at its position during the forecast period. The dominance of China in Asia-Pacific market is mainly due to the presence of the world’s largest electronics hub, offering a range of products at a comparable price. India is projected to exhibit a considerable CAGR in Asia-Pacific smart transportation market during the forecast period, owing to the rising spending of government on the development of smart city infrastructure, backed by public-private partnership (PPP) model.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Asia-Pacific Smart Transportation Market – Segmentation
By Transportation Mode
- Railways
- Roadways
- Airways
- Maritime
By Application
- Ticketing Management System
- Parking Management System
- Traffic Management System
- Others (Integrated Supervision System)
Asia-Pacific Smart Transportation Market – Segmentation
- China
- Japan
- India
- Rest of Asia-Pacific
The Report covers:
- Comprehensive research methodology of the Asia-Pacific smart transportation market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific smart transportation market.
- Insights about market determinants which are stimulating the Asia-Pacific market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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