The Asia Pacific Smart Transportation Market would witness market growth of 10.7% CAGR during the forecast period (2022-2028).
The combined use of the newest technology and management methods aimed at providing innovative services connected to various modes of transportation and traffic management systems is referred to as smart transportation. In addition, smart transportation allows for a better transportation network by providing real-time data on vehicle performance and traffic congestion issues, allowing for increased efficiency and lower emissions. Car navigation, traffic signal control systems, automatic number plate identification, and speed cameras are among the technology included. For example, Cubic Corporation updated its Trafficware's ATMS with the latest version of its industry-leading transportation management system, ATMS 2.9, in 2019 to provide additional metadata for the intersection layout, which is available via the connected vehicle module as well as TidalWave, a live streaming traffic information service powered by Smart edge analytics.
The Indian government's plan to establish 100 smart cities is expected to open up new opportunities for business. Countries like China and India have a significant impact on APAC's economy. The governments of these countries are implementing a number of smart city development programs. For example, India expects to invest more than $250 billion in smart city development in 2019. By 2023, China's smart city efforts are expected to be worth $38.92 billion.
Regulatory policies have aided the rapid development of smart transportation infrastructure in nations like China and South Korea. In China, for example, the Ministry of Transport released a Notice on Accelerating the Next-Generation National Traffic Control Network and Smart Highway Pilot in 2018. Among other things, it concentrates on infrastructure digitization, new national traffic control networks, and integrated road network management based on big data. Therefore, these factors are likely to propel the growth of the regional Smart Transportation Market during the forecasting period.
The China market dominated the Asia Pacific Smart Transportation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $15,379.1 million by 2028. The Japan market is estimated to grow at a CAGR of 10% during (2022 - 2028). Additionally, The India market would witness a CAGR of 11.4% during (2022 - 2028).
Based on Component, the market is segmented into Solution (Traffic Management System, Parking Management & Guidance System, Ticketing Management System, and Integrated Supervision System) and Services (Business, Professional, and Cloud Services). Based on Transportation Type, the market is segmented into Roadways, Railways, Airways, and Maritime. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Smart Transportation Market is Projected to reach USD 190.6 Billion by 2028, at a CAGR of 9.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Cisco Systems, Inc., Accenture PLC, Cubic Corporation, ALSTOM Holdings, Siemens AG, Thales Group S.A., TomTom N.V., MSR-Traffic GmbH (MSR-Group GmbH), and Iteris, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution
- Traffic Management System
- Parking Management & Guidance System
- Ticketing Management System
- Integrated Supervision System
- Services
- Business
- Professional
- Cloud Services
By Transportation Type
- Roadways
- Railways
- Airways
- Maritime
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Cisco Systems, Inc.
- Accenture PLC
- Cubic Corporation
- ALSTOM Holdings
- Siemens AG
- Thales Group S.A.
- TomTom N.V.
- MSR-Traffic GmbH (MSR-Group GmbH)
- Iteris, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Smart Transportation Market, by Component
1.4.2 Asia Pacific Smart Transportation Market, by Transportation Type
1.4.3 Asia Pacific Smart Transportation Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Sep – 2022, Apr) Leading Players
Chapter 4. Asia Pacific Smart Transportation Market by Component
4.1 Asia Pacific Solution Market by Country
4.2 Asia Pacific Smart Transportation Market by Solution Type
4.2.1 Asia Pacific Traffic Management System Market by Country
4.2.2 Asia Pacific Parking Management & Guidance System Market by Country
4.2.3 Asia Pacific Ticketing Management System Market by Country
4.2.4 Asia Pacific Integrated Supervision System Market by Country
4.3 Asia Pacific Services Market by Country
4.4 Asia Pacific Smart Transportation Market by Services Type
4.4.1 Asia Pacific Business Market by Country
4.4.2 Asia Pacific Professional Market by Country
4.4.3 Asia Pacific Cloud Services Market by Country
Chapter 5. Asia Pacific Smart Transportation Market by Transportation Type
5.1 Asia Pacific Roadways Market by Country
5.2 Asia Pacific Railways Market by Country
5.3 Asia Pacific Airways Market by Country
5.4 Asia Pacific Maritime Market by Country
Chapter 6. Asia Pacific Smart Transportation Market by Country
6.1 China Smart Transportation Market
6.1.1 China Smart Transportation Market by Component
6.1.1.1 China Smart Transportation Market by Solution Type
6.1.1.2 China Smart Transportation Market by Services Type
6.1.2 China Smart Transportation Market by Transportation Type
6.2 Japan Smart Transportation Market
6.2.1 Japan Smart Transportation Market by Component
6.2.1.1 Japan Smart Transportation Market by Solution Type
6.2.1.2 Japan Smart Transportation Market by Services Type
6.2.2 Japan Smart Transportation Market by Transportation Type
6.3 India Smart Transportation Market
6.3.1 India Smart Transportation Market by Component
6.3.1.1 India Smart Transportation Market by Solution Type
6.3.1.2 India Smart Transportation Market by Services Type
6.3.2 India Smart Transportation Market by Transportation Type
6.4 South Korea Smart Transportation Market
6.4.1 South Korea Smart Transportation Market by Component
6.4.1.1 South Korea Smart Transportation Market by Solution Type
6.4.1.2 South Korea Smart Transportation Market by Services Type
6.4.2 South Korea Smart Transportation Market by Transportation Type
6.5 Singapore Smart Transportation Market
6.5.1 Singapore Smart Transportation Market by Component
6.5.1.1 Singapore Smart Transportation Market by Solution Type
6.5.1.2 Singapore Smart Transportation Market by Services Type
6.5.2 Singapore Smart Transportation Market by Transportation Type
6.6 Malaysia Smart Transportation Market
6.6.1 Malaysia Smart Transportation Market by Component
6.6.1.1 Malaysia Smart Transportation Market by Solution Type
6.6.1.2 Malaysia Smart Transportation Market by Services Type
6.6.2 Malaysia Smart Transportation Market by Transportation Type
6.7 Rest of Asia Pacific Smart Transportation Market
6.7.1 Rest of Asia Pacific Smart Transportation Market by Component
6.7.1.1 Rest of Asia Pacific Smart Transportation Market by Solution Type
6.7.1.2 Rest of Asia Pacific Smart Transportation Market by Services Type
6.7.2 Rest of Asia Pacific Smart Transportation Market by Transportation Type
Chapter 7. Company Profiles
7.1 IBM Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional & Segmental Analysis
7.1.4 Research & Development Expenses
7.2 Cisco Systems, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations and Agreements:
7.3 Accenture PLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Acquisition and Mergers:
7.3.6 SWOT Analysis
7.4 Cubic Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research and Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Acquisition and Mergers:
7.5 ALSTOM Holdings
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations and Agreements:
7.5.5.2 Acquisition and Mergers:
7.6 Siemens AG
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.5.2 Acquisition and Mergers:
7.6.6 SWOT Analysis
7.7 Thales Group S.A.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research and Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.7.5.2 Product Launches and Product Expansions:
7.8 TomTom N.V.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.8.6 SWOT Analysis
7.9 MSR-Traffic GmbH (MSR-Group GmbH)
7.9.1 Company Overview
7.10. Iteris, Inc.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expenses
7.10.5 Recent strategies and developments:
7.10.5.1 Partnerships, Collaborations, and Agreements:
7.10.5.2 Product Launches and Product Expansions:
7.10.5.3 Acquisition and Mergers:
TABLE 1 Asia Pacific Smart Transportation Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Smart Transportation Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Smart Transportation Market
TABLE 4 Product Launches And Product Expansions – Smart Transportation Market
TABLE 5 Acquisition and Mergers – Smart Transportation Market
TABLE 6 Asia Pacific Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 7 Asia Pacific Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 8 Asia Pacific Solution Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific Solution Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 11 Asia Pacific Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Traffic Management System Market by Country, 2018 - 2021, USD Million
TABLE 13 Asia Pacific Traffic Management System Market by Country, 2022 - 2028, USD Million
TABLE 14 Asia Pacific Parking Management & Guidance System Market by Country, 2018 - 2021, USD Million
TABLE 15 Asia Pacific Parking Management & Guidance System Market by Country, 2022 - 2028, USD Million
TABLE 16 Asia Pacific Ticketing Management System Market by Country, 2018 - 2021, USD Million
TABLE 17 Asia Pacific Ticketing Management System Market by Country, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Integrated Supervision System Market by Country, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Integrated Supervision System Market by Country, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Services Market by Country, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Services Market by Country, 2022 - 2028, USD Million
TABLE 22 Asia Pacific Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 23 Asia Pacific Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 24 Asia Pacific Business Market by Country, 2018 - 2021, USD Million
TABLE 25 Asia Pacific Business Market by Country, 2022 - 2028, USD Million
TABLE 26 Asia Pacific Professional Market by Country, 2018 - 2021, USD Million
TABLE 27 Asia Pacific Professional Market by Country, 2022 - 2028, USD Million
TABLE 28 Asia Pacific Cloud Services Market by Country, 2018 - 2021, USD Million
TABLE 29 Asia Pacific Cloud Services Market by Country, 2022 - 2028, USD Million
TABLE 30 Asia Pacific Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 31 Asia Pacific Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 32 Asia Pacific Roadways Market by Country, 2018 - 2021, USD Million
TABLE 33 Asia Pacific Roadways Market by Country, 2022 - 2028, USD Million
TABLE 34 Asia Pacific Railways Market by Country, 2018 - 2021, USD Million
TABLE 35 Asia Pacific Railways Market by Country, 2022 - 2028, USD Million
TABLE 36 Asia Pacific Airways Market by Country, 2018 - 2021, USD Million
TABLE 37 Asia Pacific Airways Market by Country, 2022 - 2028, USD Million
TABLE 38 Asia Pacific Maritime Market by Country, 2018 - 2021, USD Million
TABLE 39 Asia Pacific Maritime Market by Country, 2022 - 2028, USD Million
TABLE 40 Asia Pacific Smart Transportation Market by Country, 2018 - 2021, USD Million
TABLE 41 Asia Pacific Smart Transportation Market by Country, 2022 - 2028, USD Million
TABLE 42 China Smart Transportation Market, 2018 - 2021, USD Million
TABLE 43 China Smart Transportation Market, 2022 - 2028, USD Million
TABLE 44 China Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 45 China Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 46 China Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 47 China Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 48 China Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 49 China Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 50 China Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 51 China Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 52 Japan Smart Transportation Market, 2018 - 2021, USD Million
TABLE 53 Japan Smart Transportation Market, 2022 - 2028, USD Million
TABLE 54 Japan Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 55 Japan Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 56 Japan Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 57 Japan Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 58 Japan Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 59 Japan Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 60 Japan Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 61 Japan Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 62 India Smart Transportation Market, 2018 - 2021, USD Million
TABLE 63 India Smart Transportation Market, 2022 - 2028, USD Million
TABLE 64 India Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 65 India Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 66 India Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 67 India Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 68 India Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 69 India Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 70 India Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 71 India Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 72 South Korea Smart Transportation Market, 2018 - 2021, USD Million
TABLE 73 South Korea Smart Transportation Market, 2022 - 2028, USD Million
TABLE 74 South Korea Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 75 South Korea Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 76 South Korea Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 77 South Korea Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 78 South Korea Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 79 South Korea Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 80 South Korea Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 81 South Korea Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 82 Singapore Smart Transportation Market, 2018 - 2021, USD Million
TABLE 83 Singapore Smart Transportation Market, 2022 - 2028, USD Million
TABLE 84 Singapore Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 85 Singapore Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 86 Singapore Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 87 Singapore Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 88 Singapore Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 89 Singapore Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 90 Singapore Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 91 Singapore Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 92 Malaysia Smart Transportation Market, 2018 - 2021, USD Million
TABLE 93 Malaysia Smart Transportation Market, 2022 - 2028, USD Million
TABLE 94 Malaysia Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 95 Malaysia Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 96 Malaysia Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 97 Malaysia Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 98 Malaysia Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 99 Malaysia Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 100 Malaysia Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 101 Malaysia Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 102 Rest of Asia Pacific Smart Transportation Market, 2018 - 2021, USD Million
TABLE 103 Rest of Asia Pacific Smart Transportation Market, 2022 - 2028, USD Million
TABLE 104 Rest of Asia Pacific Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 105 Rest of Asia Pacific Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 106 Rest of Asia Pacific Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 107 Rest of Asia Pacific Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 108 Rest of Asia Pacific Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 109 Rest of Asia Pacific Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 110 Rest of Asia Pacific Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 111 Rest of Asia Pacific Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 112 Key information – IBM Corporation
TABLE 113 Key Information – Cisco Systems, Inc.
TABLE 114 Key information – Accenture PLC
TABLE 115 Key Information – Cubic Corporation
TABLE 116 Key Information – ALSTOM Holdings
TABLE 117 Key Information – Siemens AG
TABLE 118 key information – Thales Group S.A.
TABLE 119 Key information – TomTom N.V.
TABLE 120 Key Information – MSR-Traffic GmbH
TABLE 121 Key Information – ITERIS, INC.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Sep – 2022, Apr) Leading Players
FIG 5 Swot analysis: Accenture plc
FIG 6 Recent strategies and developments: Cubic Corporation
FIG 7 Recent strategies and developments: ALSTOM Holdings
FIG 8 Recent strategies and developments: Siemens AG
FIG 9 Swot analysis: Siemens AG
FIG 10 Recent strategies and developments: Thales Group S.A.
FIG 11 SWOT Analysis: TomTom N.V.
FIG 12 Recent strategies and developments: Iteris, Inc.