- Smart transportation refers to the integration of technology, data, and communication systems into transportation infrastructure to enhance the efficiency, safety, and sustainability of transport networks.
- Smart transportation systems often incorporate technologies such as Mobility as a Service (MaaS) platforms, autonomous vehicles, and electric vehicles, enabling more efficient, flexible, and environmentally friendly transportation options.
- Europe is expected to dominate the smart transportations market due to well-developed transportation infrastructure, facilitating the integration of smart transportation solutions across major cities
- Asia-Pacific is expected to be the fastest growing region in the smart transportation market during the forecast period due to investing heavily in smart city initiatives, including intelligent transportation systems, to improve urban mobility
- Traffic management segment is expected to dominate the market with a market share of 32.5% due to its integrated monitoring systems, intelligent parking systems, transportation planning systems, and ticketing management solutions are among the essential marketable solutions
