New Study from StrategyR Highlights a $186.9 Billion Global Market for Smart Transportation by 2026

·5 min read

SAN FRANCISCO , July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Smart Transportation - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

New Study from StrategyR Highlights a $186.9 Billion Global Market for Smart Transportation by 2026
New Study from StrategyR Highlights a $186.9 Billion Global Market for Smart Transportation by 2026

FACTS AT A GLANCE
What's New for 2022?

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

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  • Access to our digital archives and MarketGlass Research Platform

  • Complimentary updates for one year

Edition: 6; Released: January 2022
Executive Pool: 43487
Companies: 24 - Players covered include ABB Group; Accenture PLC; Advanced Navigation and Positioning Corporation (ANPC); AeroVironment, Inc.; Aldridge Traffic Systems Pty. Ltd. (ATS); Alstom SA; Amadeus IT Group SA; Amano Corporation; BASS Software Ltd.; Bentley Systems, Inc.; Bestmile USA, Inc.; BlaBlaCar; Bombardier, Inc.; Cambio Carsharing; Car2go NA, LLC; ChargePoint, Inc.; Chariot; Cisco Systems, Inc.; Citi Bike; Cityhop Ltd.; Communauto Inc.; Conduent, Inc.; Confidex Ltd.; Continental AG; CPI Card Group, Inc.; Cubic Corporation; Cyient Ltd.; Delphi Technologies; DNV GL Group; DriveNow GmbH & Co. KG; E2s Warning Signals; Eaton Corporation PLC; Econolite; Evatran (Plugless Power); Federal Signal Corporation; Gemalto NV; Google LLC; Harman International Industries, Inc.; Harris Corporation; Hevo Power; Hitachi Ltd.; Huawei Technologies Co., Ltd.; IBM Corporation; Indigo UK; Indra Sistemas SA; Kapsch AG; Medha Servo Drives Private Limited; Mitsubishi Electric Corporation; Mobike; Mojo Mobility; Momentum Dynamics Corp; Nedap Identification Systems; Neusoft Corporation; NXP Semiconductors NV; ofo, Inc.; Predikto, Inc.; PTV Group; Rambus, Inc.; Robert Bosch GmbH; Rockwell Collins, Inc.; SAAB AB; SAP SE; Siemens AG; Streetline; TE Connectivity Ltd.; Teleste Corporation; Thales Group; The Descartes Systems Group Inc.; Tiger Analytics; Tkh Group-Park Assist; TomTom International BV; Toshiba Corporation; Trimble, Inc.; Uber Technologies Inc.; Veson Nautical LLC.; WERMA Signaltechnik GmbH + Co. KG,; Witricity Corporation and Others.
Coverage: All major geographies and key segments
Segments: Transportation Mode (Roadways, Railways, Airways, Maritime)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Smart Transportation Market to Reach $186.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Smart Transportation estimated at US$84 Billion, is projected to reach a revised size of US$186.9 Billion by 2026, growing at a CAGR of 14.1% over the analysis period. Roadways, one of the segments analyzed in the report, is projected to record a 13.3% CAGR and reach US$87.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Railways segment is readjusted to a revised 14.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $28.9 Billion in 2021, While China is Forecast to Reach $32.9 Billion by 2026
The Smart Transportation market in the U.S. is estimated at US$28.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$32.9 Billion by the year 2026 trailing a CAGR of 13.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.3% and 12.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.4% CAGR.

Airways Segment to Reach US$40.3 Billion by the year 2026
In the global Airways segment, USA, Canada, Japan, China and Europe will drive the 15.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$13.1 Billion will reach a projected size of US$36.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.