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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- 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
US 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)
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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