The Europe Smart Transportation Market would witness market growth of 9.4% CAGR during the forecast period (2022-2028).
The smart transportation market is expected to grow due to factors such as increased demand for efficient transportation networks around the world, government initiatives for the development and promotion of green fuels, and rising demand due to a rise in road safety and traffic congestion issues. In addition, the rise in the use of cloud services in transportation and the implementation of smart transportation systems in railways would help the market to grow further. However, industry growth is constrained by significant capital investments, huge database requirements for the road network, and a lack of standardized and uniform technologies. Furthermore, investments in new smart city concepts and the implementation of parking management systems create profitable growth potential for market participants.
Information technology and artificial intelligence are used in smart transportation to efficiently manage and coordinate sophisticated public transportation networks. In Germany, for example, artificial intelligence is being used to improve traffic signal control and minimize intersection wait times. The use of a smart transportation network allows the traveling public to be more aware of traffic, allowing for improved coordination and driver safety. Globally, traffic congestion has continued to rise over the last decade.
The regional market is characterized by significant infrastructure funding through grant programs like the Connecting Europe Facility (CEF), which has facilitated over 763 projects worth up to USD 22 billion. The European Council and the European Parliament, for example, agreed in March 2021 to renew the CEF with a budget of 25.8 billion euros to fund transportation projects between 2021 and 2027.
Due to the early adoption of various new technologies and increased traffic congestion in key cities, Europe is likely to present considerable potential for industry expansion. In July 2010, European Union member countries enacted Directive 2010/40/EU to speed up the deployment of innovative transportation systems across Europe.
By 2020, around 233 million linked automobiles are estimated to be on the road worldwide. During the projected period, Europe is expected to account for the bulk of connected car manufacturing. When compared to the existing market situation, the connected car market is predicted to grow fourfold by 2020. The market for smart transportation solutions may be boosted by connected technology in the automotive sector.
The Germany market dominated the Europe Smart Transportation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $15,771.6 million by 2028. The UK market is experiencing a CAGR of 8.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 10.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Smart Transportation Market Size will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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.
Related Reports:
Global Smart Transportation Market Report 2022-2028
North America Smart Transportation Market Report 2022-2028
Asia Pacific Smart Transportation Market Report 2022-2028
LAMEA Smart Transportation Market Report 2022-2028
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Smart Transportation Market, by Component
1.4.2 Europe Smart Transportation Market, by Transportation Type
1.4.3 Europe 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. Europe Smart Transportation Market by Component
4.1 Europe Solution Market by Country
4.2 Europe Smart Transportation Market by Solution Type
4.2.1 Europe Traffic Management System Market by Country
4.2.2 Europe Parking Management & Guidance System Market by Country
4.2.3 Europe Ticketing Management System Market by Country
4.2.4 Europe Integrated Supervision System Market by Country
4.3 Europe Services Market by Country
4.4 Europe Smart Transportation Market by Services Type
4.4.1 Europe Business Market by Country
4.4.2 Europe Professional Market by Country
4.4.3 Europe Cloud Services Market by Country
Chapter 5. Europe Smart Transportation Market by Transportation Type
5.1 Europe Roadways Market by Country
5.2 Europe Railways Market by Country
5.3 Europe Airways Market by Country
5.4 Europe Maritime Market by Country
Chapter 6. Europe Smart Transportation Market by Country
6.1 Germany Smart Transportation Market
6.1.1 Germany Smart Transportation Market by Component
6.1.1.1 Germany Smart Transportation Market by Solution Type
6.1.1.2 Germany Smart Transportation Market by Services Type
6.1.2 Germany Smart Transportation Market by Transportation Type
6.2 UK Smart Transportation Market
6.2.1 UK Smart Transportation Market by Component
6.2.1.1 UK Smart Transportation Market by Solution Type
6.2.1.2 UK Smart Transportation Market by Services Type
6.2.2 UK Smart Transportation Market by Transportation Type
6.3 France Smart Transportation Market
6.3.1 France Smart Transportation Market by Component
6.3.1.1 France Smart Transportation Market by Solution Type
6.3.1.2 France Smart Transportation Market by Services Type
6.3.2 France Smart Transportation Market by Transportation Type
6.4 Russia Smart Transportation Market
6.4.1 Russia Smart Transportation Market by Component
6.4.1.1 Russia Smart Transportation Market by Solution Type
6.4.1.2 Russia Smart Transportation Market by Services Type
6.4.2 Russia Smart Transportation Market by Transportation Type
6.5 Spain Smart Transportation Market
6.5.1 Spain Smart Transportation Market by Component
6.5.1.1 Spain Smart Transportation Market by Solution Type
6.5.1.2 Spain Smart Transportation Market by Services Type
6.5.2 Spain Smart Transportation Market by Transportation Type
6.6 Italy Smart Transportation Market
6.6.1 Italy Smart Transportation Market by Component
6.6.1.1 Italy Smart Transportation Market by Solution Type
6.6.1.2 Italy Smart Transportation Market by Services Type
6.6.2 Italy Smart Transportation Market by Transportation Type
6.7 Rest of Europe Smart Transportation Market
6.7.1 Rest of Europe Smart Transportation Market by Component
6.7.1.1 Rest of Europe Smart Transportation Market by Solution Type
6.7.1.2 Rest of Europe Smart Transportation Market by Services Type
6.7.2 Rest of Europe 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 Europe Smart Transportation Market, 2018 - 2021, USD Million
TABLE 2 Europe 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 Europe Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 7 Europe Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 8 Europe Solution Market by Country, 2018 - 2021, USD Million
TABLE 9 Europe Solution Market by Country, 2022 - 2028, USD Million
TABLE 10 Europe Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 11 Europe Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 12 Europe Traffic Management System Market by Country, 2018 - 2021, USD Million
TABLE 13 Europe Traffic Management System Market by Country, 2022 - 2028, USD Million
TABLE 14 Europe Parking Management & Guidance System Market by Country, 2018 - 2021, USD Million
TABLE 15 Europe Parking Management & Guidance System Market by Country, 2022 - 2028, USD Million
TABLE 16 Europe Ticketing Management System Market by Country, 2018 - 2021, USD Million
TABLE 17 Europe Ticketing Management System Market by Country, 2022 - 2028, USD Million
TABLE 18 Europe Integrated Supervision System Market by Country, 2018 - 2021, USD Million
TABLE 19 Europe Integrated Supervision System Market by Country, 2022 - 2028, USD Million
TABLE 20 Europe Services Market by Country, 2018 - 2021, USD Million
TABLE 21 Europe Services Market by Country, 2022 - 2028, USD Million
TABLE 22 Europe Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 23 Europe Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 24 Europe Business Market by Country, 2018 - 2021, USD Million
TABLE 25 Europe Business Market by Country, 2022 - 2028, USD Million
TABLE 26 Europe Professional Market by Country, 2018 - 2021, USD Million
TABLE 27 Europe Professional Market by Country, 2022 - 2028, USD Million
TABLE 28 Europe Cloud Services Market by Country, 2018 - 2021, USD Million
TABLE 29 Europe Cloud Services Market by Country, 2022 - 2028, USD Million
TABLE 30 Europe Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 31 Europe Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 32 Europe Roadways Market by Country, 2018 - 2021, USD Million
TABLE 33 Europe Roadways Market by Country, 2022 - 2028, USD Million
TABLE 34 Europe Railways Market by Country, 2018 - 2021, USD Million
TABLE 35 Europe Railways Market by Country, 2022 - 2028, USD Million
TABLE 36 Europe Airways Market by Country, 2018 - 2021, USD Million
TABLE 37 Europe Airways Market by Country, 2022 - 2028, USD Million
TABLE 38 Europe Maritime Market by Country, 2018 - 2021, USD Million
TABLE 39 Europe Maritime Market by Country, 2022 - 2028, USD Million
TABLE 40 Europe Smart Transportation Market by Country, 2018 - 2021, USD Million
TABLE 41 Europe Smart Transportation Market by Country, 2022 - 2028, USD Million
TABLE 42 Germany Smart Transportation Market, 2018 - 2021, USD Million
TABLE 43 Germany Smart Transportation Market, 2022 - 2028, USD Million
TABLE 44 Germany Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 45 Germany Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 46 Germany Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 47 Germany Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 48 Germany Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 49 Germany Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 50 Germany Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 51 Germany Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 52 UK Smart Transportation Market, 2018 - 2021, USD Million
TABLE 53 UK Smart Transportation Market, 2022 - 2028, USD Million
TABLE 54 UK Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 55 UK Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 56 UK Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 57 UK Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 58 UK Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 59 UK Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 60 UK Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 61 UK Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 62 France Smart Transportation Market, 2018 - 2021, USD Million
TABLE 63 France Smart Transportation Market, 2022 - 2028, USD Million
TABLE 64 France Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 65 France Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 66 France Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 67 France Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 68 France Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 69 France Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 70 France Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 71 France Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 72 Russia Smart Transportation Market, 2018 - 2021, USD Million
TABLE 73 Russia Smart Transportation Market, 2022 - 2028, USD Million
TABLE 74 Russia Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 75 Russia Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 76 Russia Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 77 Russia Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 78 Russia Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 79 Russia Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 80 Russia Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 81 Russia Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 82 Spain Smart Transportation Market, 2018 - 2021, USD Million
TABLE 83 Spain Smart Transportation Market, 2022 - 2028, USD Million
TABLE 84 Spain Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 85 Spain Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 86 Spain Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 87 Spain Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 88 Spain Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 89 Spain Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 90 Spain Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 91 Spain Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 92 Italy Smart Transportation Market, 2018 - 2021, USD Million
TABLE 93 Italy Smart Transportation Market, 2022 - 2028, USD Million
TABLE 94 Italy Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 95 Italy Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 96 Italy Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 97 Italy Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 98 Italy Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 99 Italy Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 100 Italy Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 101 Italy Smart Transportation Market by Transportation Type, 2022 - 2028, USD Million
TABLE 102 Rest of Europe Smart Transportation Market, 2018 - 2021, USD Million
TABLE 103 Rest of Europe Smart Transportation Market, 2022 - 2028, USD Million
TABLE 104 Rest of Europe Smart Transportation Market by Component, 2018 - 2021, USD Million
TABLE 105 Rest of Europe Smart Transportation Market by Component, 2022 - 2028, USD Million
TABLE 106 Rest of Europe Smart Transportation Market by Solution Type, 2018 - 2021, USD Million
TABLE 107 Rest of Europe Smart Transportation Market by Solution Type, 2022 - 2028, USD Million
TABLE 108 Rest of Europe Smart Transportation Market by Services Type, 2018 - 2021, USD Million
TABLE 109 Rest of Europe Smart Transportation Market by Services Type, 2022 - 2028, USD Million
TABLE 110 Rest of Europe Smart Transportation Market by Transportation Type, 2018 - 2021, USD Million
TABLE 111 Rest of Europe 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.