The requirement to manage the transportation systems has
emerged with a rising population. With the swift advancements in technology,
the integration of data analytics and the Internet of Things (IoT) has resulted
in the formation of another interdisciplinary of the IoT referred as
Intelligent Transportation Systems. It is an advanced application used to offer
more efficient transportation management services where customers can have a
better plan of traffic management and the network of transportation routes. IoT
in intelligent transportation system is being adopted for smart parking
solutions, passenger entertainment, traffic management solutions, fleet management
and telematics solutions and security solutions. In addition to this, they help
in advanced transportation management system which comprises of traffic control,
electronic toll collection and management of networking solutions. Internet of
things in intelligence transportation management system utilizes sensing, communications
and data-processing technologies to minimize traffic problems and sudden mishaps.
New generation IoT based intelligent transportation systems with enhanced
performance providing higher precision and flexibility, with easy incorporation
into systems will spur the growth in IoT based intelligent transportation
systems industry. Besides, a paradigm inclination towards a connected world and
rising need for miniaturization is compelling further advancement in the IoT based
intelligent transportation systems market and develop smarter products. In
addition, the research and development in the IoT based intelligent
transportation systems industry to cut down costs and enhance functionality are
projected to advance in the medium term. Autonomous vehicles are likely to hit
the mainstream as well as rapid increase in AI computing capabilities with better
commercials are providing immense opportunities in the IoT Based Intelligent
Transportation Systems market. Moreover, the integration of transportation
systems coupled with big data analytics and significant emphasis on the
research and development of IoT-associated software acts as a major driver in
the global IoT based intelligent transportation systems market. On the other
hand, the rising complexity in the big data analytics will restrain the market
growth.
Few other
factors such as the increase in internet penetration, infrastructural
development, surge in demand for automation and analytics are the factors which
minimize the cost of powerful sensors and controllers utilized in the
transportation sector will drive the market growth. Moreover, several tools and
software offered by the key market players is used to optimize devices which
helps minimize costs and manages the connectivity of devices effectively. Furthermore, the implementation of government rules
and regulations is creating more opportunities in the market. Also the data
centers are likely to benefit from the deployment of IoT in intelligence transportation
system.
The
global IoT in Intelligent Transportation Systems Market is segregated on the
basis of component as Semiconductor components and Wireless/cellular components.
Based on Type the global IoT in Intelligent Transportation Systems Market is
segmented in Product, Software and Service. Based on Vertical the global IoT in
Intelligent Transportation Systems Market is segmented in Roadways, Railways, Airways
and Maritime. Based on Application the global IoT in Intelligent Transportation
Systems Market is segmented in Telematics, Infotainment and Advanced driver
assistance system.
The
global IoT in Intelligent Transportation Systems Market report provides
geographic analysis covering regions, such as Europe, North America, Asia
Pacific, and Rest of The World. The IoT in Intelligent Transportation Systems
Market for each region is further segmented for major countries including the
U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil,
South Africa, and others.
Competitive Analysis
Cisco
Systems, Intel Corporation, Cubic Transportation Systems, Siemens AG, Thales
Group and others are among the major players in the global IoT in Intelligent
Transportation Systems Market. The companies studied in terms of product
strategy and various n several growth and expansion strategies to gain a
competitive edge in the market. The major players not only follow value chain
integration with business operations in multiple stages of the value chain.
- In
January 2020, Verizon declared that it has collaborated with Audi America., to provide
advanced connectivity and equipped in-vehicle connectivity solutions. Supposedly,
these solutions allow Audi’s connected vehicle service (launching in 2020) are projected
to be initially featured in Audi A4 and A5 model lines.
- In
November 2019, AT&T declared a partnership with Nokia to delivering
Munich-based innovation studio to help the rising global adoption of existing
and next-generation Internet of Things (IoT) solutions. This partnership will allow
AT&T to assist solve business problems related to IoT solutions such as
asset tracking and help it capture the European ecosystem.
The global IoT in Intelligent Transportation
Systems Market has been segmented as below:
IoT in
Intelligent Transportation Systems Market, By Component
- Semiconductor components
- Wireless/cellular components
IoT in
Intelligent Transportation Systems Market, By Type
IoT in
Intelligent Transportation Systems Market, By Vertical
- Roadways
- Railways
- Airways
- Maritime
IoT in
Intelligent Transportation Systems Market, By Application
- Telematics
- Infotainment
- Advanced driver assistance system
IoT in
Intelligent Transportation Systems Market, By Region
- Europe
- North America
- Asia Pacific
- Rest of The World
IoT in
Intelligent Transportation Systems Market, By Company
- Cisco Systems
- Intel Corporation
- Cubic Transportation Systems
- Siemens AG
- Thales Group
- TomTom NV
- TransCore Holdings
- Verizon Telematics
- Microsoft Corporation
- Garmin Ltd
- NEC Corporation
- Watson Internet of Things (IBM)
- Huawei Technologies
- Hitachi Transport System
- Iteris Inc.
The
report covers the below scope:
- Global IoT in Intelligent
Transportation Systems Market sizes from 2020 to 2026, along with CAGR for
2020-2026
- Market size comparison for 2019 vs
2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to
2026
- Global IoT in Intelligent
Transportation Systems Market trends, covering comprehensive range of consumer
trends & manufacturer trends
- Value chain analysis covering
participants from raw material suppliers to the downstream buyer in the global IoT
in Intelligent Transportation Systems Market
- Major market opportunities and
challenges in forecast timeframe to be focused
- Competitive landscape with analysis
on competition pattern, portfolio comparisons, development trends and strategic
management
- Comprehensive company profiles of
the key industry players
The
years considered for the study are as follows:
- Base year - 2019
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2026
Report
Scope:
The global IoT in Intelligent Transportation
Systems Market report scope includes detailed study covering underlying factors
influencing the industry trends. The report covers analysis on regional and
country level market dynamics. The scope also covers competitive overview
providing company market shares along with company profiles for major revenue
contributing companies. The report scope includes detailed competitive outlook
covering market shares and profiles key participants in the global IoT in
Intelligent Transportation Systems Market share. Major industry players with
significant revenue share include Cisco Systems, Intel
Corporation, Cubic Transportation Systems, Siemens AG, Thales Group and others.
Why to
Buy this Report:
- Gain detailed insights on the IoT in Intelligent Transportation Systems industry trends
- Find complete analysis on the
market status
- Identify the IoT in Intelligent
Transportation Systems Market opportunities and growth segments
- Analyse competitive dynamics by
evaluating business segments & product portfolios
- Facilitate strategy planning and
industry dynamics to enhance decision making
Target
Audience:
- The report targeted towards the existing players in
the industry is as follows:
- Market Manufacturers/Service
Providers
- Market Wholesale/Traders
- Investment and Financial
Institutions
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