Electric commercial vehicle market is anticipated to showcase a lucrative CAGR of 19.0% during the forecast period. Government purchase of the electric bus for public transportation, development of charging infrastructure, and stringent target to curb carbon emission are the prominent factors that are driving the global electric commercial vehicle market. Moreover, the entrance of a […]
Category Archives: Automotive
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 […]
UK 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 urbanization and presence of an established automotive industry. The huge expansion of smart cities in the country is further rising the advancement in the technologies for smart transportation, including […]
North America 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 ongoing smart city projects in support with the growing government initiatives through public-private partnership (PPP) model. Moreover, the high adoption of smart connected devices, such as IoT and AI […]
India 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 support from the governmental bodies for the deployment of advanced technologies for the traffic management. In June 2015, Government of India announced its flagship program ‘Smart Cities Mission’ that […]
European 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 on improving the urban transport and traffic system of the region, especially in UK and France. Moreover, the increasing cross border trade has risen the traffic in […]
Asia-Pacific 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 smart city initiatives in the emerging economies of the region, such as China and India. Moreover, the rising urban population and significant penetration rate of IoT and automation technologies in […]
Smart ports market is estimated to grow at a CAGR of nearly 26.0% during the forecast period. The major factors contributing to the growth of the market include a significant rise in the logistics sector and rising demand for automation in ports. A significant rise in the logistics sector has been witnessed in developed and […]
Automatic Route Control System Market is expected to grow at a significant CAGR during the forecast period. The Automatic Route Control System (ARCS) is a self-contained automated system that directs the operation of a standard motor vehicle and manages tasks such as delivery or collection of commodities along predetermined routes. In practice, the system monitors […]
Smart railway market is anticipated to grow significantly at a CAGR of 4.5% over the forecast period. The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace. […]