IoT in transportation refers to the networking of vehicles, mechanical equipment, and objects via embedded sensors, actuators, and other devices. These IoT devices gather and transmit real-time data regarding various activities, such as traffic, road conditions, speeding alerts, vehicle diagnostics, driving behavior, and fuel usage. They also enable remote diagnosis and real-time monitoring to help enhance safety, customer experience and operation performance, optimize maintenance, reduce energy use, and minimize recurring complexities. As a result, IoT in transportation finds extensive applications across roadways, airways, railways, and maritime in traffic congestion control, automotive telematics, security and surveillance, reservation, and toll and ticketing systems.
Report Metric |
Historical: 2016-2021 |
Base Year: 2021 |
Forecast Year: 2022-2027 |
According to the latest report by IMARC Group, titled "Global IoT in Transportation Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027", The global IoT in transportation market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027.
IoT In Transportation Market Trends and Drivers:
The global IoT in transportation market is primarily driven by the growing need for urban connectivity. Additionally, the introduction of smart railway systems equipped with IoT-enabled sensors and devices is another major growth-inducing factor.
Along with this, several favorable initiatives undertaken by the government of various countries to develop smart cities have catalyzed the demand for IoT in transportation. Furthermore, the escalating demand for interconnected mobility solutions to reduce commute time and road traffic has accelerated the product adoption rate.
Other factors, including the expanding information and communications technology (ICT) sector, improved internet connectivity, rapid digitization, and technological advancements, are also anticipated to propel the market growth in the coming years.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/iot-in-transportation-market/requestsample
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global IoT In Transportation Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Alcatel-Lucent Enterprise (China Huaxin Post and Telecom Technologies Co. Limited)
AT&T Inc.
Cisco Systems Inc.
DENSO Corporation
Garmin Ltd
International Business Machines Corporation
Microsoft Corporation
Sierra Wireless Inc.
Software Aktiengesellschaft
Thales Group
TomTom N.V.
Verizon Communications Inc.
The report has segmented the market on the basis of region, type, mode of transport and application.
Breakup by Type:
- Hardware
- Software
- Services
Breakup by Mode of Transport:
- Roadways
- Railways
- Airways
- Maritime
Breakup by Application:
- Traffic Congestion Control Systems
- Automotive Telematics
- Reservation, Toll and Ticketing Systems
- Security and Surveillance Systems
- Remote Monitoring
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/iot-in-transportation-market
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Reviews
Comments
Most Recent Articles
- Mar 21, 2024 Exploring Transaction Platforms Offered by Mutual Fund Software for Distributors by REDVision Technologies
- Mar 20, 2024 How can MFDs establish trust among their investors with mutual fund software for IFA? by Wealth Elite
- Mar 6, 2024 How to Get the Best Health Insurance Services in Beawar? by Ambition Finserve Pvt. Ltd.
- Feb 17, 2024 The Charm of 14k Wedding Band Sets by Donnell Dean
- Feb 14, 2024 Savings vs. Low-Interest Loans: Finding the Right Balance for You by Brajendra Kumar
Most Viewed Articles
- 10196 hits How to Start an Invention Idea by Edwin Poul
- 8543 hits How to Download and Install Facebook Messenger on Firestick by Hope Mikaelson
- 2366 hits Brief discussion about Water by kavin prasath
- 1963 hits Importance of Proofreading While You Write an Assignment by clara
- 1648 hits Everything About Garmin Express by Maria Cooper
Popular Articles
In today’s competitive world, one must be knowledgeable about the latest online business that works effectively through seo services....
76865 Views
Are you caught in between seo companies introduced by a friend, researched by you, or advertised by a particular site? If that is the...
31906 Views
Walmart is being sued by a customer alleging racial discrimination. The customer who has filed a lawsuit against the retailer claims that it...
12029 Views
If you have an idea for a new product, you can start by performing a patent search. This will help you decide whether your idea could become the...
10196 Views
Statistics
Members | |
---|---|
Members: | 13874 |
Publishing | |
---|---|
Articles: | 58,269 |
Categories: | 202 |
Online | |
---|---|
Active Users: | 1172 |
Members: | 11 |
Guests: | 1161 |
Bots: | 5774 |
Visits last 24h (live): | 3859 |
Visits last 24h (bots): | 18651 |