Smart Transport System is an advanced application which aims to provide innovative services relating to different modes of transport and traffic management and enable users to be better informed and make safer, more coordinated, and ‘smarter’ use of transport networks.
Market Snapshot
A recently published report by OMR Market Research, titled “Global Smart Transport System Market Size, Status and Forecast 2022” gives an overview of the overall Smart Transport System market. This section sheds light on key impact-rendering drivers and constraints that are impacting the growth. It permits users to understand the different shortcomings and how they may hamper the development afterward. This segment is considered to be one of the most crucial segments of the report as it helps readers comprehend the impact of various macro and microeconomic factors on development. The role of various sectors, including small-scale and large-scale, in the expansion has also been discussed in the report. Additionally, the industry experts have put forth the current trends and prospects, which are likely to aid the growth in the upcoming years.
The global Smart Transport System market size is projected to reach US$ 322 billion by 2027, from US$ 105 billion in 2020, at a CAGR of 18% during 2021-2027.
Impact of Covid-19 Outbreak
This section of the report has explored the overall status of the Covid scenario and has offered valuable insights into the changes in supply chain disruption, fluctuations in demand, etc. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
Segmental Analysis
The report has been segmented into product and application segments. The researchers have documented all the products present today in the Smart Transport System market. They have also shed light on the new product innovations and launches by the key players. In the segmental analysis, the analysts have provided revenue forecast figures based on type and application for the period 2016-2027. They have also discussed about the growth rate and potential of each segment for the period 2016-2027.
Smart Transport System Breakdown Data by Type
Advanced Traffic Management System
Advanced Traveler Information System
ITS-Enabled Transportation Pricing System
Advanced Public Transportation System
Commercial Vehicle Operation
Smart Transport System Breakdown Data by Application
Intelligent Traffic Control
Collision Avoidance
Parking Management
Passenger Information Management
Ticketing Management
Emergency Vehicle Notification
Automotive Telematics
Regional Analysis
The significant regions that are studied in the research report encompass North America, Europe, Asia Pacific, Central and South America, and the Middle East and Africa. In this section of the report, the specialists have explored various areas that are contributing to the development and can present lucrative growth prospects for the manufacturers in the forthcoming years. The report also provides region-wise and country-wise sales and revenue forecast data for the period 2021-2027.
Competitive Landscape
This segment focuses on the key players operating in the industry. It underlines all the current and future activities by the prominent manufacturers. By understanding various initiatives being taken up by different players, readers will gain the ability to settle on correct business choices. The authors of the report have provided accurate revenue figures of the companies for the period 2016-2021. The clients are sure to gain the upper hand once they get hold of this report. Key players studied in the research report include:
Ricardo
EFKON AG
TOMtom International
Nuance Communications
Denso Corporation
Thales Group
Hitachi
Iteris
Lanner Electronics
Siemens
WS Atkins
Xerox
Garmin
Kapsch Trafficcom
Q-Free
Savari
Transcore
China ITS
ZTE
Cubic
Flir Systems
Geotoll
Electricfeel
Doublemap
Bestmile
Nutonomy
Frequently Asked Questions
What factors will challenge the Smart Transport System market growth?
Which end-use segment will expand at the fastest CAGR in the Smart Transport System market?
Which are the emerging players in the Smart Transport System market?
How concentrated is the Smart Transport System market?
Which factors are positively contributing to the Smart Transport System market growth?
Which are the novel product innovations in the Smart Transport System market?
Which product segment will emerge as the most lucrative in the Smart Transport System market?
Which factors are increasing the competition in the Smart Transport System market?
Which are the strategic measures taken by the Smart Transport System industry players?
Which region will witness inactive growth during the forecast period?
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