© Copyright khedmeh Wall
According to the latest report by IMARC Group “Smart Transportation Market: Global Industry Trends, Share, Growth, Opportunity and Forecast 2023-2028“, The global smart transportation market size reached US$ 96.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 184.7 Billion by 2028, exhibiting a growth rate (CAGR) of 12% during 2023-2028.
Smart transportation refers to the implementation of innovative infrastructure and management techniques in existing transportation systems to improve efficiency and convenience. It encompasses a range of applications, including passenger information systems, parking management and guidance, and traffic management systems. This is achieved through the adoption of advanced technologies, the introduction of mobility services, and regulations promoting the use of sustainable fuels for public transport. In recent times, smart transportation has gained immense traction across the globe due to its ability to provide affordable, convenient, and dependable transportation options for residents.
Request for a free sample copy of this report: https://www.imarcgroup.com/smart-transportation-market/requestsample
Market Trends:
The global smart transportation market is primarily driven by the rising use of Internet of Things (IoT) devices, 5G communication technology, and machine learning (ML). Moreover, the introduction of cloud-based technologies and improvements in vehicle-to-vehicle (V2V) and vehicle-to-grid infrastructure (V2I) is positively influencing the market growth. Additionally, the rising focus of governments of numerous countries on reducing greenhouse emissions and alleviating high levels of traffic congestion has catalyzed market growth. Furthermore, the introduction of innovative features in automobiles, such as safe design, high performance, sustainable fuels, and adherence to the latest norms, is contributing to the market growth. Other factors, including rising sales of vehicles, expanding working population, increasing disposable incomes, and improving living standards, are also anticipated to drive the market further.
Breakup by Solution:
Breakup by Service:
Breakup by Transportation Mode:
Breakup by Application:
Market Breakup by Region:
Competitive Landscape with Key Player:
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/smart-transportation-market
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US
IMARC Group
Email: [email protected]
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal
The Wall