June 5, 2024

IoT in Transportation Market Size to Hit Around US$ 498.47 billion by 2030

Precedence Research a new report on IoT in transportation market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future. The global IoT in transportation market size was valued at US$ 85.21 billion in 2021. The global IoT in transportation market is projected to reach US$ 498.47 billion by 2030, registering a compound annual growth rate (CAGR) of 21.69% during the forecast period from 2022 to 2030.

IoT in Transportation

Download Free Sample Copy with TOC@ https://www.precedenceresearch.com/sample/2003

The global IoT in transportation market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2030. The report offers a detailed analysis and information as per IoT in transportation, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.

IoT in Transportation Market Report Scope 

Report Coverage Details
Market Size in 2022 USD 103.69 Billion
Market Size by 2030 USD 498.47 Billion
Growth Rate from 2022 to 2030 CAGR of 21.69%
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Source, Components, Transport, Application, Geography

The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.

Read Also@ Logistics Automation Market is Anticipated to Grow US$ 162.5 Billion By 2030

Some of the prominent players in the IoT in transportation market include:
  • Alcatel-Lucent
  • AT&T Inc.
  • Garmin International Inc.
  • IBM Corp.
  • Denso Corp.
  • Thales Group
  • General Electric
  • Verizon Communications Inc.
  • Cisco Systems, Inc.
  • TomTom N.V.
IoT in Transportation Market Segmentation

By Source

  • Hardware
  • Software
  • Services

By Components

By Transport

  • Roadways
  • Railways
  • Airways
  • Maritime

By Application

  • Traffic Congestion Control Systems
  • Automotive Telematics
  • Reservation, Toll, & Ticketing Systems
  • Security & Surveillance Systems
  • Remote Monitoring
  • Others

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Key Questions are

  • What are the key factors influencing the IoT in transportation market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2022 and 2030?
  • What would be the Y-o-Y growth trend of the global market between 2022 and 2030?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

Research Objectives and Research Approach

The comprehensive report on the global IoT in transportation market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global IoT in transportation market.

It is followed by the market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global IoT in transportation market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2030 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.

Why should you invest in this report?

If you are aiming to enter the global IoT in transportation market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for IoT in transportation are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Table of Contents

 

Buy This Premium Research Report Click Here@ https://www.precedenceresearch.com/checkout/2003

Our Press Release@ https://www.precedenceresearch.com/press-releases

About Us

Precedence Research is a Canada/India based company and one of the leading providers of strategic market insights. We offer executive-level blueprints of markets and solutions beyond flagship surveys. Our repository covers consultation, syndicated market studies, and customized research reports. Through our services we aim at connecting an organization’s goal with lucrative prospects globally.

From gauging investment feasibility to uncovering hidden growth opportunities, our market studies cover in-depth analysis, which also is interspersed with relevant statistics. Recommendation are often enclosed within our reports with the sole intent of enabling organizations achieve mission-critical success.

Contact Us:                  

Precedence Research

Apt 1408 1785 Riverside Drive Ottawa, ON, K1G 3T7, Canada

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Website: https://www.precedenceresearch.com

Leave a Reply

Your email address will not be published. Required fields are marked *