Smart Transportation Market - Global Industry Insights, Trends, 2017-2025 Smart transportation system are efficient and sustainable intermodal transport systems and infrastructure that can deliver high level of intelligence and performance. Smart transportation system includes use of advanced technologies such as electronics, computers, information and telecommunication, and advanced sensors to provide information to consumers in order to improve safety and efficiency of the transportation system. Smart transportation system are increasingly being adopted in order to reduce congestion, improve traffic management, and reduce environmental impact of greenhouse gasses emitted by vehicles. These systems have a range of applications in transportation such as electronic toll collection, ramp meters, traffic light cameras, traffic-signal coordination, transit signal priority, and traveler-information systems. These are also used in fleet monitoring, tolling management, ticket management, telematics and traffic monitoring. Smart transportation systems aids in improving safety and security and offers real-time information related to traffic and routes and this one of the major drivers for growth of the market. Request Table of Content of This Report: https://www.coherentmarketinsights.com/ongoing-insight/toc/1114 One of the key factors responsible for driving the market growth is increasing vehicle parc worldwide. According to statistics by Organisation Internationale des Constructeurs d'Automobiles, globally, 93,856,388 units of vehicles were sold in 2016, which is 4,171,780 units over 2015 total global sales. Moreover, rising need for efficient traffic management, increasing need for public safety and security, and environmental concerns over emission of greenhouse gases, along with rise in number of smart cities. For instance, in 2015 Government of India launched "100 Smart Cities Mission". However, high initial investment for replacement of present infrastructure with advanced smart transportation solutions and requirement of large database for road network are factors expected to adversely affect the global smart transportation market growth. Smart Transportation Market Taxonomy On the basis of mode of transportation, the global smart transportation market is segmented into: ● ● ● ● Railways Roadways Airways Seaways Ask for Discount: https://www.coherentmarketinsights.com/insight/request-discount/1114 On the basis of services, the global smart transportation market is segmented into: ● Consulting ● Integration and Deployment ● Maintenance & Support On the basis of solution, the global smart transportation market is segmented into: ● ● ● ● ● Integrated Supervision Solution Traffic Management Solution Parking Management Solution Smart Ticketing Solution Others (Passenger Information Solution, Insurance Telematics Solution) Asia Pacific market is expected to exhibit strong growth potential over the forecast period North America accounted for the largest share in the global smart transportation market in 2016. U.S. is the major growth engine in North America market. This is owing to increasing initiatives from the U.S. government towards improvement of transportation facilities and implementation of intelligent transportation systems (ITS). For instance, the America's Surface Transportation Act or "FAST Act" was passed in 2015, in order to solve congestion issues, enhance transportation within the country, improve working efficiencies in transportation systems and commercial vehicles, and minimize vehicle emissions. Asia Pacific market is expected to exhibit highest CAGR over the forecast period and this is due to increasing deployment of smart city and smart infrastructure projects in this region. China, Japan, India, and South Korea are the major growth engines in the region. For instance, in 2015 Government of India launched "100 Smart Cities Mission". Major players operating in the global smart transportation system market are Accenture, Plc, Amano Corporation, Alstom SA, Cisco Systems Inc., Cubic Corporation, Gemalto N.V., Indigo Infra S.A., Inrix Inc., International Business, Machines Corporation (IBM), Kapsch Trafficom GmbH, Msr-traffic GmbH, and Siemens AG. For More Information : https://www.coherentmarketinsights.com/ongoing-insight/smart-transportation-market1114 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: [email protected] Visit Our New Website: http://www.coherentchronicle.com

North America accounted for the largest share in the global smart transportation market in 2016. U.S. is the major growth engine in North America market