US 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 rising government spending in the improvement of transport infrastructure and continuous R&D in the autonomous vehicles in the country by the leading automotive companies, such as Tesla Inc. Moreover, the rising urban population due to the migration of people in the US for education, job, and medical issues, is further leading to the growth of the traffic in the country, which in turn, is augmenting the growth of the smart transportation market in the US. The presence of the key market players, such as Oracle Corp., IBM Corp., and Intel Corp., is further supporting the growth of the market in the US. However, the stringent transportation regulations, lack of standardized technology, and the high initial cost of deployment of the smart transportation solutions will affect the market growth during the forecast period.
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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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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
US Smart Transportation Market by Transportation Mode
- Railways
- Roadways
- Airways
- Maritime
US Smart Transportation Market by Application
- Ticketing Management System
- Parking Management System
- Traffic Management System
- Others (Integrated Supervision System)
Company Profiles
- Advantech Co., Ltd.
- ALSTOM Holdings
- Bentley Systems, Inc.
- Cisco Systems, Inc.
- Conduent Business Services, LLC
- Cubic Corp.
- Hitachi, Ltd.
- Huawei Technologies Co., Ltd.
- IBM Corp.
- Intel Corp.
- Kapsch Group
- Oracle Corp.
- Parsons Corp.
- SAP SE
- Siemens AG
- Stantec Inc.
- Thales Group
- The Descartes Systems Group Inc.
- Toshiba Corp.
- Trimble, Inc.
The Report covers:
- Comprehensive research methodology of the US 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 US smart transportation market.
- Insights about market determinants which are stimulating the US market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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