Global Smart Transportation Market to Reach US$362.1 Billion by 2030
The global market for Smart Transportation estimated at US$162.2 Billion in the year 2024, is expected to reach US$362.1 Billion by 2030, growing at a CAGR of 14.3% over the analysis period 2024-2030. Roadways, one of the segments analyzed in the report, is expected to record a 13.5% CAGR and reach US$145.3 Billion by the end of the analysis period. Growth in the Railways segment is estimated at 14.6% CAGR over the analysis period.
The U.S. Market is Estimated at US$44.8 Billion While China is Forecast to Grow at 13.6% CAGR
The Smart Transportation market in the U.S. is estimated at US$44.8 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$55.5 Billion by the year 2030 trailing a CAGR of 13.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 12.5% and 12.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.4% CAGR.
Global Smart Transportation Market - Key Trends and Drivers Summarized
How Is Smart Transportation Transforming Roadways?
Smart transportation is redefining the way roadways are managed and utilized, creating a safer, more efficient, and sustainable transport ecosystem. With the rise of connected vehicles, real-time traffic management systems, and smart infrastructure, roadways are becoming smarter, responsive, and more adaptive. Advanced traffic management systems (ATMS) utilize sensors, cameras, and IoT devices to monitor and manage traffic flow, reduce congestion, and minimize accidents. Smart traffic signals, for example, adjust their timings based on real-time traffic conditions to optimize the flow, while intelligent toll collection systems improve efficiency by enabling seamless, contactless payments. The deployment of autonomous vehicles is also a significant trend that promises to transform roadways by reducing human error, enhancing safety, and improving fuel efficiency. Furthermore, vehicle-to-everything (V2X) communication technologies are enabling vehicles to communicate with each other and with the surrounding infrastructure, providing real-time updates on traffic, weather, and road conditions, which helps in better navigation and route planning.
What Innovations Are Enhancing Railways in Smart Transportation?
The railway sector is witnessing a significant transformation through the adoption of smart transportation technologies. Intelligent train control systems, such as the European Train Control System (ETCS) and Positive Train Control (PTC), are helping railway operators to manage train traffic more efficiently and safely by preventing collisions and derailments. Real-time passenger information systems enhance the travel experience by providing live updates on train schedules, delays, and platform changes. Predictive maintenance powered by AI and machine learning is another critical development, allowing railway operators to monitor the health of critical components and infrastructure, such as tracks and signaling systems, to predict failures and schedule maintenance proactively. Additionally, the integration of IoT sensors across railway networks helps in monitoring track conditions, temperature, and other environmental factors, which are vital for ensuring the safety and reliability of railway operations. The introduction of smart ticketing systems has also streamlined fare collection, making it easier for passengers to book tickets and for operators to manage passenger flow and revenue.
How Are Airways and Maritime Modes Adapting to Smart Transportation?
In the airways segment, smart transportation focuses on enhancing operational efficiency, safety, and passenger experience through advanced technologies. The integration of AI, big data analytics, and IoT in airports helps optimize flight schedules, predict delays, and manage air traffic more efficiently. Smart baggage handling systems, biometric-based check-ins, and automated border control systems reduce wait times and enhance security. Moreover, the deployment of drones for surveillance and monitoring around airports is another significant trend, ensuring enhanced safety and efficient ground operations. In the maritime sector, smart transportation is focused on optimizing cargo handling, reducing transit times, and improving fuel efficiency. Advanced fleet management systems, powered by AI and machine learning, enable real-time tracking of vessels, route optimization, and predictive maintenance of ships and port equipment. The use of digital twins in ports helps simulate different scenarios, manage port traffic, and optimize resource allocation, which reduces delays and improves overall efficiency. Blockchain technology is also being leveraged to enhance transparency and security in maritime logistics, enabling faster and more secure transactions and documentation processes.
What Is Driving the Expansion of the Smart Transportation Market?
The growth in the smart transportation market is driven by several factors, including the increasing need for efficient traffic management, enhanced safety protocols, and the rising demand for automation in transportation systems. The advancements in IoT and AI technologies are enabling the development of intelligent transport solutions that optimize traffic flow, reduce congestion, and enhance safety across roadways, railways, airways, and maritime routes. The growing adoption of smart infrastructure, such as connected traffic lights, smart toll systems, and intelligent train control systems, is further propelling the market. Additionally, the increasing integration of smart ticketing systems and real-time passenger information systems in public transportation is enhancing the overall travel experience, driving demand in the market. The need for predictive maintenance and efficient fleet management solutions in railways, airways, and maritime sectors is another significant growth driver. As urbanization and population density continue to rise globally, the smart transportation market is expected to expand substantially, driven by the growing emphasis on sustainable, efficient, and safe transportation solutions.
SCOPE OF STUDY:
The report analyzes the Smart Transportation market in terms of units by the following Segments, and Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Select Competitors (Total 24 Featured) -
ABB Group
Accenture PLC
Advanced Navigation and Positioning Corporation (ANPC)
AeroVironment, Inc.
Aldridge Traffic Systems Pty. Ltd. (ATS)
Alstom SA
Amadeus IT Group SA
Amano Corporation
BASS Software Ltd.
Bentley Systems, Inc.
Bestmile USA, Inc.
BlaBlaCar
Bombardier, Inc.
Cambio Carsharing
Car2go NA, LLC
ChargePoint, Inc.
Chariot
Cisco Systems, Inc.
Citi Bike
Cityhop Ltd.
Communauto Inc.
Conduent, Inc.
Confidex Ltd.
Continental AG
CPI Card Group, Inc.
Cubic Corporation
Cyient Ltd.
Delphi Technologies
DNV GL Group
DriveNow GmbH & Co. KG
E2s Warning Signals
Eaton Corporation PLC
Econolite
Evatran (Plugless Power)
Federal Signal Corporation
Gemalto NV
Google LLC
Harman International Industries, Inc.
Harris Corporation
Hevo Power
Hitachi Ltd.
Huawei Technologies Co., Ltd.
IBM Corporation
Indigo UK
Indra Sistemas SA
Kapsch AG
Medha Servo Drives Private Limited
Mitsubishi Electric Corporation
Mobike
Mojo Mobility
Momentum Dynamics Corp
Nedap Identification Systems
Neusoft Corporation
NXP Semiconductors NV
ofo, Inc.
Predikto, Inc.
PTV Group
Rambus, Inc.
Robert Bosch GmbH
Rockwell Collins, Inc.
SAAB AB
SAP SE
Siemens AG
Streetline
TE Connectivity Ltd.
Teleste Corporation
Thales Group
The Descartes Systems Group Inc.
Tiger Analytics
Tkh Group-Park Assist
TomTom International BV
Toshiba Corporation
Trimble, Inc.
Uber Technologies Inc.
Veson Nautical LLC.
WERMA Signaltechnik GmbH + Co. KG,
Witricity Corporation
AI INTEGRATIONS
We're transforming market and competitive intelligence with validated expert content and AI tools.
Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.
TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
Tariff Impact on Global Supply Chain Patterns
Global Economic Update
Smart Transportation - Global Key Competitors Percentage Market Share in 2025 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Growing Urbanization and Congestion Drives Adoption of Smart Transportation Solutions
Rising Investments in Smart City Projects Expand Addressable Market Opportunity
Deployment of IoT-Based Solutions Strengthens Business Case for Smart Transportation
Government Initiatives for Reducing Traffic and Emissions Propel Market Growth
Development of Connected and Autonomous Vehicles Spurs Growth in Smart Transportation
Integration of Artificial Intelligence and Machine Learning Enhances Efficiency in Smart Transportation Systems
Expansion of 5G Technology Generates Demand for Real-Time Transportation Data Analytics
Increasing Adoption of Mobility-as-a-Service (MaaS) Models Drives Market Growth
Growing Emphasis on Public Safety and Security Throws Spotlight on Smart Transportation
Technological Innovations in Electric Vehicles Propel Market Adoption
Rising Demand for Seamless Intermodal Transportation Expands Addressable Market
Development of Advanced Traffic Management Systems Spurs Growth in the Market
Emergence of Smart Parking Solutions Accelerates Demand for Smart Transportation Solutions
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Smart Transportation Market Analysis of Annual Sales in US$ Million for Years 2015 through 2030
TABLE 2: World Recent Past, Current & Future Analysis for Smart Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 3: World 6-Year Perspective for Smart Transportation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2025 & 2030
TABLE 4: World Recent Past, Current & Future Analysis for Roadways by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 5: World 6-Year Perspective for Roadways by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
TABLE 6: World Recent Past, Current & Future Analysis for Railways by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 7: World 6-Year Perspective for Railways by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
TABLE 8: World Recent Past, Current & Future Analysis for Airways by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 9: World 6-Year Perspective for Airways by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
TABLE 10: World Recent Past, Current & Future Analysis for Maritime by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 11: World 6-Year Perspective for Maritime by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2025 & 2030
III. MARKET ANALYSIS
UNITED STATES
Smart Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
TABLE 12: USA Recent Past, Current & Future Analysis for Smart Transportation by Transportation Mode - Roadways, Railways, Airways and Maritime - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 13: USA 6-Year Perspective for Smart Transportation by Transportation Mode - Percentage Breakdown of Value Sales for Roadways, Railways, Airways and Maritime for the Years 2025 & 2030
CANADA
TABLE 14: Canada Recent Past, Current & Future Analysis for Smart Transportation by Transportation Mode - Roadways, Railways, Airways and Maritime - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 15: Canada 6-Year Perspective for Smart Transportation by Transportation Mode - Percentage Breakdown of Value Sales for Roadways, Railways, Airways and Maritime for the Years 2025 & 2030
JAPAN
Smart Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
TABLE 16: Japan Recent Past, Current & Future Analysis for Smart Transportation by Transportation Mode - Roadways, Railways, Airways and Maritime - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 17: Japan 6-Year Perspective for Smart Transportation by Transportation Mode - Percentage Breakdown of Value Sales for Roadways, Railways, Airways and Maritime for the Years 2025 & 2030
CHINA
Smart Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
TABLE 18: China Recent Past, Current & Future Analysis for Smart Transportation by Transportation Mode - Roadways, Railways, Airways and Maritime - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 19: China 6-Year Perspective for Smart Transportation by Transportation Mode - Percentage Breakdown of Value Sales for Roadways, Railways, Airways and Maritime for the Years 2025 & 2030
EUROPE
Smart Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
TABLE 20: Europe Recent Past, Current & Future Analysis for Smart Transportation by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 21: Europe 6-Year Perspective for Smart Transportation by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2025 & 2030
TABLE 22: Europe Recent Past, Current & Future Analysis for Smart Transportation by Transportation Mode - Roadways, Railways, Airways and Maritime - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 23: Europe 6-Year Perspective for Smart Transportation by Transportation Mode - Percentage Breakdown of Value Sales for Roadways, Railways, Airways and Maritime for the Years 2025 & 2030
FRANCE
Smart Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
TABLE 24: France Recent Past, Current & Future Analysis for Smart Transportation by Transportation Mode - Roadways, Railways, Airways and Maritime - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 25: France 6-Year Perspective for Smart Transportation by Transportation Mode - Percentage Breakdown of Value Sales for Roadways, Railways, Airways and Maritime for the Years 2025 & 2030
GERMANY
Smart Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
TABLE 26: Germany Recent Past, Current & Future Analysis for Smart Transportation by Transportation Mode - Roadways, Railways, Airways and Maritime - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 27: Germany 6-Year Perspective for Smart Transportation by Transportation Mode - Percentage Breakdown of Value Sales for Roadways, Railways, Airways and Maritime for the Years 2025 & 2030
ITALY
TABLE 28: Italy Recent Past, Current & Future Analysis for Smart Transportation by Transportation Mode - Roadways, Railways, Airways and Maritime - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 29: Italy 6-Year Perspective for Smart Transportation by Transportation Mode - Percentage Breakdown of Value Sales for Roadways, Railways, Airways and Maritime for the Years 2025 & 2030
UNITED KINGDOM
Smart Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
TABLE 30: UK Recent Past, Current & Future Analysis for Smart Transportation by Transportation Mode - Roadways, Railways, Airways and Maritime - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 31: UK 6-Year Perspective for Smart Transportation by Transportation Mode - Percentage Breakdown of Value Sales for Roadways, Railways, Airways and Maritime for the Years 2025 & 2030
REST OF EUROPE
TABLE 32: Rest of Europe Recent Past, Current & Future Analysis for Smart Transportation by Transportation Mode - Roadways, Railways, Airways and Maritime - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 33: Rest of Europe 6-Year Perspective for Smart Transportation by Transportation Mode - Percentage Breakdown of Value Sales for Roadways, Railways, Airways and Maritime for the Years 2025 & 2030
ASIA-PACIFIC
Smart Transportation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
TABLE 34: Asia-Pacific Recent Past, Current & Future Analysis for Smart Transportation by Transportation Mode - Roadways, Railways, Airways and Maritime - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 35: Asia-Pacific 6-Year Perspective for Smart Transportation by Transportation Mode - Percentage Breakdown of Value Sales for Roadways, Railways, Airways and Maritime for the Years 2025 & 2030
REST OF WORLD
TABLE 36: Rest of World Recent Past, Current & Future Analysis for Smart Transportation by Transportation Mode - Roadways, Railways, Airways and Maritime - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 37: Rest of World 6-Year Perspective for Smart Transportation by Transportation Mode - Percentage Breakdown of Value Sales for Roadways, Railways, Airways and Maritime for the Years 2025 & 2030