IoT in Transportation Market, By Component (Hardware, Software, Services), By Mode of Transport (Roadways, Railways, Airways, Maritime), By Application (Traffic congestion control system, Automotive telematics, Reservation, toll, & ticketing systems, Secu
IoT in Transportation Market, By Component (Hardware, Software, Services), By Mode of Transport (Roadways, Railways, Airways, Maritime), By Application (Traffic congestion control system, Automotive telematics, Reservation, toll, & ticketing systems, Security and surveillance system, Remote monitoring, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
Global IoT in transportation market growth is driven by increasing connectivity and adoption of advanced technologies across automotive, logistics and transportation infrastructure sectors. IoT devices help transport operators to improve efficiency, enhance safety and optimize asset usage. Connected vehicles integrated with IoT sensors generate large volumes of useful data that can be analyzed for predictive maintenance, traffic management and consumer experience improvements. Furthermore, IoT technologies enable real-time tracking of shipments and assets, automated toll collection systems and smart parking solutions among others. Growing autonomous vehicles can boost IoT investments as vehicle-to-everything communication becomes essential for coordination between self-driving cars and transportation networks. Data privacy and security concerns can hamper the market growth.
Market Dynamics:
Global IoT in transportation market growth is driven by rising demand for optimized resource utilization, real-time monitoring solutions and safety & efficiency improvements across transport sectors. Increasing connected vehicles, infrastructure developments supporting vehicle communication technologies, adoption of predictive analytics for asset maintenance and increasing investments in autonomous driving can drive the market growth. However, high setup costs and integration challenges can hamper the wider adoption of IoT systems. Data privacy risks and cybersecurity threats can also pose challenges for the market growth. Major market players are focusing on developing advanced and affordable connectivity solutions to tap opportunities arising from trends like car sharing, drone deliveries and smart logistics. Technology advancements in 5G, edge computing, AI and blockchain can offer new opportunities for innovation in IoT powered transportation services and infrastructure. Ongoing collaboration between technology companies, automotive OEMs and infrastructure developers is crucial for realizing the full potential of IoT in transforming mobility.
Key features of the study:
This report provides in-depth analysis of the global IoT in transportation market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global IoT in transportation market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Amazon Web Services (AWS), ARM Holdings, Dell, Ericsson, Google, Huawei, IBM Corporation, Intel Corporation, Microsoft, Oracle, Qualcomm, RTI, SAP, Siemens, Telefonica
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global IoT in transportation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global IoT in transportation market
Detailed Segmentation:
By Component
Hardware
Software
Services
By Mode of Transport
Roadways
Railways
Airways
Maritime
By Application
Traffic congestion control system
Automotive telematics
Reservation, toll, & ticketing systems
Security and surveillance system
Remote monitoring
Others
By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players Insights
Amazon Web Services (AWS)
ARM Holdings
Dell
Ericsson
Google
Huawei
IBM Corporation
Intel Corporation
Microsoft
Oracle
Qualcomm
RTI
SAP
Siemens
Telefonica
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Component
Market Snippet, By Mode of Transport
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic
4. Global IoT in Transportation Market, By Component, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020-2031
Segment Trends
Hardware
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Software
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Services
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
5. Global IoT in Transportation Market, By Mode of Transport, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020-2031
Segment Trends
Roadways
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Railways
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Airways
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Maritime
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
6. Global IoT in Transportation Market, By Application, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020-2031
Segment Trends
Traffic congestion control system
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Automotive telematics
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Reservation, toll, & ticketing systems
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Security and surveillance system
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Remote monitoring
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Others
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
7. Global IoT in Transportation Market, By Region, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020-2031
North America
Regional Trends
Market Size and Forecast, By Component, 2019–2031, (US$ Bn)
Market Size and Forecast, By Mode of Transport, 2019–2031, (US$ Bn)
Market Size and Forecast, By Application, 2019–2031, (US$ Bn)
Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Component, 2019–2031, (US$ Bn)
Market Size and Forecast, By Mode of Transport, 2019–2031, (US$ Bn)
Market Size and Forecast, By Application, 2019–2031, (US$ Bn)
Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Component, 2019–2031, (US$ Bn)
Market Size and Forecast, By Mode of Transport, 2019–2031, (US$ Bn)
Market Size and Forecast, By Application, 2019–2031, (US$ Bn)
Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Component, 2019–2031, (US$ Bn)
Market Size and Forecast, By Mode of Transport, 2019–2031, (US$ Bn)
Market Size and Forecast, By Application, 2019–2031, (US$ Bn)
Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Regional Trends
Market Size and Forecast, By Component, 2019–2031, (US$ Bn)
Market Size and Forecast, By Mode of Transport, 2019–2031, (US$ Bn)
Market Size and Forecast, By Application, 2019–2031, (US$ Bn)
Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
South Africa
Israel
GCC Countries
Rest of Middle East & Africa
8. Competitive Landscape
Company Profiles
Amazon Web Services (AWS)
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
ARM Holdings
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Dell
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Ericsson
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Google
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Huawei
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
IBM Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Intel Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Microsoft
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Oracle
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Qualcomm
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
RTI
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
SAP
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Siemens
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Telefonica
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
9. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. Research Methodology
References
Research Methodology
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