Increased Population, Urbanization & Industrialization Will Boost the Demand for Smart Public Transportation

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Smart Transportation Market for Roadway Railway
By Technology (AVLS, TIS, EPS, Intelligent
Vehicle Initiatives), Components (CCTV Camera,
GPS, Display, Automated Stop Announcement
Wi-Fi), Application, and Region - Global forecast
to 2021
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Electronic payment system and traveler
information system have significant impact on the
growth of smart solutions market for mass
transit For roadways as a transportation mode
the electronic payment system segment is
estimated to be the largest market. The growth is
driven by the increase in efforts by governments
and transportation agencies to reduce manual cash
collection and shift to advanced e-payment
systems. For instance, the Singapore government
has implemented a contactless smart card which
can be used to travel across the entire public
transport network. In the case of railways as a
transportation mode, the traveler information
system segment is estimated to be the largest
market. The system helps the passengers with
information and guidance about the upcoming stops
and the route which makes their travel experience
better. For instance, in Australia the
Smartraveller information system is used which
provides travel information as well as travel
warnings. PDF Brochure https//www.marketsandma
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Increase in need for smart ticketing systems
would give rise to demand for smart solutions
market for mass transit The smart ticketing
system is the fastest growing market in the smart
public transportation market for both roadways
and railways. This growth is due to the benefits
such as increased efficiency, and reliability.
This application is essential to reduce manual
interference and force public transport operators
to deploy e-ticketing and integrated payment
systems. As per the Rocky Mountain Institute
(U.S.) 14 of a transportation companys budget
is spent on fare collection. Thus the system
improves a transportation companys financial
performance which has led to several mass transit
operators already implementing smart ticketing
solutions. For instance, according to the annual
statistics published by the Department for
Transport, U.K., out of 26.2 thousand public
buses in U.K., 89 of public buses are fitted
with ITSO smart cards by 2015. Request for
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The global market for mass transit is broadly
segmented based on its use into roadways and
railways. Region-wise, Asia-Oceania and Europe
are estimated to dominate the market for roadways
and railways. The Asia-Oceania market is growing
due to rising industrialization, urbanization,
and government spending on the transportation
sector. The growth of the European market can be
credited to the improved socio-economic
conditions in economies such as Germany, the
U.K., and France. Due to increasing need for
surveillance and vehicle tracking, there has been
an increased in the use of Wi-Fi devices, in
public transits (both roadways and railways)
which is driving the demand for smart solutions
in mass transit. The market for smart ticketing
systems is expected to grow for both roadways and
railways. This growth is owing to the advantages
offered in terms of efficiency, and reliability.
These services make the travel experience better
as well as reduce losses which leads to better
performance. Request Sample _at_
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North America Europe Largest markets for smart
solutions market for mass transit The North
American market is estimated to dominate the
market for roadways as it accounted for the
largest share during the forecast period. The
growth factors includes increasing roadways
networks, government spending and rising safety
concerns for commuters. Europe is estimated to
dominate the market for railways in terms of
value during the forecast period. This growth is
attributed to improved socio-economic conditions
in countries such as Germany, the U.K., and
France. In addition, the sizeable growth in
population of these countries leads to an
increase in use of public transport, which
further resulted in more government projects for
transportation infrastructure development. Speak
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Market Ecosystem The smart solutions market for
mass transit ecosystem consists of system
manufacturers such as Thales Group (France),
Siemens AG (Germany) and, Kapsch TrafficCom
(Austria) amongst others traveler information
system manufacturer such as WS Atkins Plc
(U.K.)and Q-Free ASA (Norway) among others and
the manufacturers of parking assist systems
include Swarco AG (Austria) and TransCore LP
(U.S.) amongst others these OEMs  integrate
these equipments and sell them to end-users to
cater to their business requirements. Buy
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Browse gtgt 73 market data
tables 64 figures
163 pages and in-depth TOC Smart
Transportation Market for Roadway Railway By
Technology (AVLS, TIS, EPS, Intelligent Vehicle
Initiatives), Components (CCTV Camera, GPS,
Display, Automated Stop Announcement Wi-Fi),
Application, and Region - Global forecast to
2021 Early buyers will receive 10
customization on this report. This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
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