Smart Transportation Market - PowerPoint PPT Presentation

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Smart Transportation Market

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Smart Transportation Market forecast to reach $292.5 billion by 2026, at a CAGR of 16.5% during 2021-2026. Increase in urban population, various government regulations, growing smart city initiatives assist in developing connected vehicle technologies such as Vehicle-to-Vehicle (V2V) and Vehicle-to-Grid infrastructure (V2I). – PowerPoint PPT presentation

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Date added: 23 March 2022
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Title: Smart Transportation Market


1
Smart Transportation MarketMarket size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
Contact Venkat Reddy sales_at_industryarc.com
(1) 970-236-3677
2
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  • Smart Transportation Market forecast to reach
    292.5 billion by 2026, at a CAGR of 16.5 during
    2021-2026. Increase in urban population, various
    government regulations, growing smart city
    initiatives assist in developing connected
    vehicle technologies such as Vehicle-to-Vehicle
    (V2V) and Vehicle-to-Grid infrastructure (V2I).
    For instance, Indian government provided funding
    of 7.6 billion for the development of smart
    infrastructure and management services under the
    smart city initiative program over a five year
    period from 2016 to 2021. Such investments and
    initiatives are likely to improve the smart
    transportation market.

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3
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  • Key Takeaways
  • Asia-Pacific is the fastest growing region in the
    smart transportation market owing to the
    government initiatives for development of smart
    city solutions in this region.
  • According to Smart transportation market
    analysis, technological innovations such as
    Vehicle-to-Vehicle (V2V) and Vehicle-to-Grid
    infrastructure (V2I), are making transport
    systems more efficient, reliable and brought
    major changes in the way everything operates.
  • Smart traffic management solutions hold the
    highest share in smart transportation due to
    smart traffic management systems, which are
    inbuilt with sensors and regulate the flow of
    traffic by reducing traffic congestion.

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4
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By Distribution Channel- Segment
Analysis Roadways account for the highest share
in the smart transportation market. According to
the report given by United States Environment
Protection Agency in 2019, the transportation
sector generates the largest share of greenhouse
emissions accounting for 26 percent of total
emissions globally. The adoption of smart
transportation solutions, such as compressed
natural gas, smart fuels and connected vehicles,
helps in reducing the total vehicle carbon
emissions and enhancing the environmental safety.
The railway sector is expected to grow at the
fastest rate over the forecast period. It carries
billions of tons of freight and passengers each
year, which results in the development of
efficient smart rail infrastructure and
technologies.
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5
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  • Smart Transportation Market Industry Outlook 
  •  Accenture PLC,
  • International Business Machine (IBM) Corporation,
  • Kapsch,
  • Alstom, SA
  • Cisco System, Inc.
  • General Electric Company (GE).

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6
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Smart Transportation Market Forecast (2021 -
2026) Learn More About the
Report _at_ https//www.industryarc.com/Research/Sm
art-Transportation-Market-Research-500894
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7
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  • You Can Customize the Report as Per Your Need.
    We have included Some Customization Options
  • Company Profile
  • Analyst Briefing
  • Data Tables
  • Key Contacts
  • Free Customization
  • Purchase Full Report _at_ https//www.industryarc.com
    /purchasereport.php?id500894

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8
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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
_at_ http//www.linkedin.com/company/industryarc
Contact (1) 970-236-3677
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