Smart Transportation Market Growth, Opportunity and Forecast 2030

1. Smart Transportation Market Size Worth USD 254.78 Billion in 2030 Growing number of smartphones and increasing use of m-commerce are key factors driving smart transportation market revenue growth www.emergenresearch.com . 2

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5. Market Summary The globalSmart Transportation Market size was USD 103.81 Billion in 2021 and is expected to register a revenue CAGR of 10.6% during the forecast period, according to latest analysis by Emergen Research. Technological advancements to enhance customer experience is the major factor driving market revenue growth. With significant technological development, autonomous and semi-autonomous cars are evolving quickly, as they can operate with little or no assistance from humans. The transportation sector is experiencing a trend toward development of autonomous cars, while semi-autonomous cars are anticipated to be introduced by a number of transportation providers in the future, even if widespread adoption of autonomous vehicles would take some time. Some businesses that offer mobility-on-demand services are now using semi-autonomous vehicle technologies in automobiles. Since autonomous cars don't need drivers and would save mobility service providers money, their deployment is essential for development of the smart transportation sector. Although several businesses in the smart transportation sector are already moving in this direction, autonomous cars are still in early stages of development. For providers of smart transportation solutions, the development of automated cars offers enormous growth prospects. Read More : https://www.emergenresearch.com/industry-report/smart-transportation-market www.emergenresearch.com

6. Market Summary Some Key Findings From the Report: The roadway segment accounted for largest revenue share in 2021. There is an increasing demand for smart transportation owing to ,technology's capacity to increase road safety and reduce traffic congestion through efficient monitoring and control of road transport. Lower injury rates and improved protection for motorists, riders, and pedestrians are results of implementing smart transportation on roads, which is one of the major factors driving revenue growth of this segment. Advancements in technology for a variety of uses, such as installing improved radar and warning lights embedded in e roadway pavement to alert vehicles, are also expected to drive revenue growth of this segment.  Smart ticketing technology is one of the most innovative methods of handling tickets and related processes in the airline company. Among other technological solutions and other transport networks, implementation of smart ticketing in airlines is experiencing a lot of changes on a global scale. Airport staff can manage manual chores at peak times by deploying smart ticketing technology, while airlines receive helpful services and benefits including self-boarding and self-luggage management, which is expected to drive revenue growth of this segment.   Request Free Sample @ https://www.emergenresearch.com/request-sample/1257 www.emergenresearch.com

7. Market Summary • Market Segmentation: • Component Type Outlook (Revenue, USD Billion; 2019-2030) • Railways • Roadways • Airways • Maritime • Application Type Outlook (Revenue, USD Billion; 2019-2030) • Mobility as a Service • Smart ticketing solution • Route Information and Route Guidance • Passenger Information • Public Transport • Transit Hubs • Connected Cars • Video Management • Others • Request customization of the report @ https://www.emergenresearch.com/request-for-customization/1257

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