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Internet of Things (IoT) in Transportation Market Synopsis:

Internet of Things (IoT) in Transportation Market Size Was Valued at USD 302.9 Billion in 2023, and is Projected to Reach USD 1,032.7 Billion by 2032, Growing at a CAGR of 14.6% From 2024-2032.

The Internet of Things (IoT) in the transportation market defines the use of IoT technology in the transport industry to allow vehicles, infrastructure, and systems to be linked and speak to one another. This network enables the actual gathering and analysis of data, and thus increases operational capacity, safety, and convenient for passengers. Charles, Internet of Things for smart city transportation helps in having efficient transport management through fleet management, vehicle tracking and traffic management and most importantly the Open Data Platform for Real Time Passenger Information System which will enhance the decision making.

The Internet of Things in transportation market has grown very fast over the several years because of the development of new technologies, high demand for automation and efficiency of transport systems. IoT in transportation is the ability to gather huge amounts of information through vehicular ad-hoc networks, routers, traffic control signals, sensors on roads, and GPS units. Such real-time information is used in fleet decision support, safety monitoring, route guidance, and prognosis of equipment failures among others. Businesses and governments are continuing to spend money on IoT solutions to alleviate traffic density and increase safety and efficiency.

The increased rate of urbanization along with the need for intelligent cities has also helped contribute for IoT to be used in transport. In smart cities, IoT applications are used to organize traffic flows with less energy usage and to develop better transport services for the population. In addition, IoT systems implement environmental sustainability since emissions and traffic can be analyzed to reduce congestion and excessive emissions. With the gradual revival of the global economy and dependency on transportation increasing, there will be a constant demand for IoT in the improvement of practicality and safety of different modes of transport. Other factors which have further contributed to the growth of the IoT in transportation market include; faster and reliable data collection due to Artificial intelligence, machine learning and 5G technology.

Internet of Things (IoT) in Transportation Market  - Trend, Growth, Forecast 2024–2032

Internet of Things (IoT) in Transportation Market Trend Analysis:

Advancement in Autonomous Vehicles

  • Among the trends in IoT in transportation market, the use of IoT with self-driving cars as the main transportation means is one of the most concerning trends. These are self-driven cars that use IoT devices to help in communication with the roads and other cars; they include: The following are some of the benefits of these vehicles; These include; Connectivity tools within IoT in automobiles help the self-driving cars narrow down their decisions on what happens around them by receiving real time data. In addition, it automatically means it can interact with traffic lights, other cars, and roads sensors to provide a smart means of transport.
  • In a world with ever-growing popularity of self-driving cars the market for the IoT in transport will expand even further. There are emerging superior IoT solutions that organizations are implementing to facilitate the functioning of self-automotive transport by allowing V2V and V2I. It is believed that this trend will transform global transportation management, eliminate traffic accidents, decrease traffic density, and ensure the optimal distribution of traffic. Further advances in AI and machine learning along with advancement in the network connectivity will help to nurture this trend to boom the IoT connected-self-driven cars.

Smart Traffic Management Systems

  • The rising complication in the traffic flow in urban areas as well as a challenge of congestion has brought about a great opportunity of integrating smart traffic management systems driven by the IoT. As known, these systems use sensors, cameras and other IoT devices to gather information on traffic conditions to provide real-time analysis and improves traffic flow. By capturing and using such data, the city can control traffic signals and traffic flows in real-time, in addition to tracking the density of vehicles on the road and the specific channels, to minimize time spent and fuel consumption. Further, intelligent traffic control helps in safety since the system can detect accidents-hazard-prone areas and warn the authorities in real-time.
  • Due to the unprecedented expansion of cities and traffic situations, smart traffic solutions will be needed increasingly in the future. Expenditures related to IoT technologies that underlie these systems are expected to increase, which will open new possibilities for the creation and improvement of these systems. In addition, smart traffic management systems can also provide connectivity with other IoT application used for transportation and touchdowns to optimize a larger transportation entity like vehicle tracking, fleet management and a host of other related matters to advance general operation efficiency, effectiveness, safety and sustainability.

Internet of Things (IoT) in Transportation Market Segment Analysis:

Internet of Things (IoT) in Transportation Market is Segmented based on component, communication technology, deployment mode, application, end user, and region.

By Component, Service segment is expected to dominate the market during the forecast period

  • The IoT in transportation is software and services that help collect and process data from connected devices in the transportation industry. Software solutions are important in delivering timely and accurate information, as well as, forecasting and decision actions that enhance transport systems. Such flows include; fleet management, traffic analysis, and vehicle diagnostics call for intensive use of software systems in data acquisition and analysis.
  • The services segment includes things such as the implementation, support, and supervision of the IoT systems that are crucial for proper functioning of IoT integrated transport systems. I believe that as the evolution of IoT unfolds and the scale of IoT systems becomes even more intricate needs for more specific services such as cloud services, data processing services, integration services etc will skyrocket. Again, the growing trends in artificial intelligence and machine learning expected to bring new growth opportunities through added functionality to the software segment making this segment as a growth driver in the future.

By Application, Fleet Management segment expected to held the largest share

  • Managing fleets is among the essential arisen IoT use cases in the transportation market. IoT solution help the fleet operators to track real time location of their vehicles, speed of vehicles, consumption of fuel, health of the vehicle etc. This is for instance enable effective management of resources, route planning, and in general, fuel consumption. IoT solutions deployed in managing a fleet of vehicles also facilitate predictive maintenance, allowing a fleet owner to note possible weaknesses that may cause major breakdown. Further, they assist in better management of compliance since they generate records of the drivers, vehicles, and service schedules in order to conform to legislative rules.
  • IoT based fleet management solutions are gaining popularity in the e-commerce logistics industry since the growth of e-commerce and logistics business require advanced methods of transportation and tracking of logistic vehicles. Major industries are implementing IoT technologies to enhance their fleets, cut expenses, and enhance satisfaction among their clients. While IoT in transportation market is growing day by day, the application of this technology in fleet management would remain the largest and most promising area in the future.

Internet of Things (IoT) in Transportation Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

  • North America is expected to have the largest market share for IoT in transportation because of its well-developed technology, acceptance of IoT devices, and government support to smart city. It involves infrastructure such as roads that are gradually being integrated with IoT technologies as those relating to vehicle tracking, fleet management as well as smart traffic systems. Thus, many countries are at the early stage of IoT adoption and United States could become an example for them: New York, Los Angeles and San Francisco are the first cities, which use IoT for optimization of transportation. Also, North America enjoys capital investments in digital technologies in smart infrastructure; this expands IoT’s application in transportation.
  • Another factor that has also acted as influential driver is the technological firm concentration in North America together with communications service providers and automotive giants. Some of the factors that speak volume for North America as the leader in adopting and deploying IoT solutions in transportation are; By and large the adoption and deployment of IoT solutions in transportation will rely on continuous progression in 5G connectivity, artificial intelligence, and big data analytics. Also, sustainability with regard to the amount of carbon emissions in the region is well correlated with the objectives of applications based on IoT technologies since the industrial Internet of Things contributes to the development of more efficient transport infrastructure.

Internet of Things (IoT) in Transportation Market  - Trend, Growth, Forecast 2024–2032

Active Key Players in the Internet of Things (IoT) in Transportation Market:

  • Cisco Systems (USA)
  • IBM Corporation (USA)
  • Intel Corporation (USA)
  • Ericsson (Sweden)
  • Siemens AG (Germany)
  • Microsoft Corporation (USA)
  • Honeywell International (USA)
  • TomTom International (Netherlands)
  • Bosch Group (Germany)
  • Continental AG (Germany)
  • Qualcomm Incorporated (USA)
  • Vodafone Group (UK), and Other Active Players

Key Industry Developments in the Internet of Things (IoT) in Transportation Market:

  • In August 2023, STC Group's joint venture with PIF, iot squared, celebrates its first anniversary with a major milestone by signing a binding agreement to acquire 100% of Machinestalk, a leading IoT solutions provider in Saudi Arabia. This acquisition accelerates iot squared's growth and reinforces its position as the top IoT solutions provider in the MENA region, aligning with STC Group's commitment to driving digital transformation across the region.

Internet of Things (IoT) in Transportation Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 302.9 Billion

Forecast Period 2024-32 CAGR:

 14.6%

Market Size in 2032:

USD 1,032.7 Billion

Segments Covered:

By Component

  • Hardware
  • Software
  • Services

By Application

  • Fleet Management
  • Vehicle Tracking
  • Traffic Management
  • Passenger Information Systems
  • Cargo & Freight Monitoring
  • Remote Vehicle Diagnostics
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising Demand for Real-Time Data and Automation

Key Market Restraints:

  • Data Privacy and Security Concerns

Key Opportunities:

  • Smart Traffic Management Systems

Companies Covered in the report:

  • Cisco Systems (USA), IBM Corporation (USA), Intel Corporation (USA), Ericsson (Sweden), Siemens AG (Germany), Microsoft Corporation (USA), Honeywell International (USA), TomTom International (Netherlands), Bosch Group (Germany) and Other Active Players.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Internet of Things (IoT) in Transportation Market by Component
 4.1 Internet of Things (IoT) in Transportation Market Snapshot and Growth Engine
 4.2 Internet of Things (IoT) in Transportation Market Overview
 4.3 Hardware
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Hardware: Geographic Segmentation Analysis
 4.4 Software
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Software: Geographic Segmentation Analysis
 4.5 Services
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Services: Geographic Segmentation Analysis

Chapter 5: Internet of Things (IoT) in Transportation Market by Application
 5.1 Internet of Things (IoT) in Transportation Market Snapshot and Growth Engine
 5.2 Internet of Things (IoT) in Transportation Market Overview
 5.3 Fleet Management
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Fleet Management: Geographic Segmentation Analysis
 5.4 Vehicle Tracking
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Vehicle Tracking: Geographic Segmentation Analysis
 5.5 Traffic Management
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Traffic Management: Geographic Segmentation Analysis
 5.6 Passenger Information Systems
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Passenger Information Systems: Geographic Segmentation Analysis
 5.7 Cargo & Freight Monitoring
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Cargo & Freight Monitoring: Geographic Segmentation Analysis
 5.8 Remote Vehicle Diagnostics
  5.8.1 Introduction and Market Overview
  5.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.8.3 Key Market Trends, Growth Factors and Opportunities
  5.8.4 Remote Vehicle Diagnostics: Geographic Segmentation Analysis
 5.9 Others
  5.9.1 Introduction and Market Overview
  5.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.9.3 Key Market Trends, Growth Factors and Opportunities
  5.9.4 Others: Geographic Segmentation Analysis

Chapter 6: Internet of Things (IoT) in Transportation Market by End-User
 6.1 Internet of Things (IoT) in Transportation Market Snapshot and Growth Engine
 6.2 Internet of Things (IoT) in Transportation Market Overview
 6.3 Automotive
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Automotive: Geographic Segmentation Analysis
 6.4 Aviation
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Aviation: Geographic Segmentation Analysis
 6.5 Marine
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Marine: Geographic Segmentation Analysis
 6.6 Railways
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Railways: Geographic Segmentation Analysis
 6.7 Logistics & Supply Chain
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Logistics & Supply Chain: Geographic Segmentation Analysis
 6.8 Others
  6.8.1 Introduction and Market Overview
  6.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.8.3 Key Market Trends, Growth Factors and Opportunities
  6.8.4 Others: Geographic Segmentation Analysis

Chapter 7: Internet of Things (IoT) in Transportation Market by Communication Technology
 7.1 Internet of Things (IoT) in Transportation Market Snapshot and Growth Engine
 7.2 Internet of Things (IoT) in Transportation Market Overview
 7.3 Cellular Communication
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Cellular Communication: Geographic Segmentation Analysis
 7.4 Short-Range Communication
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Short-Range Communication: Geographic Segmentation Analysis
 7.5 Satellite Communication
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Satellite Communication: Geographic Segmentation Analysis
 7.6 Other Communication Technologies
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Other Communication Technologies: Geographic Segmentation Analysis

Chapter 8: Internet of Things (IoT) in Transportation Market by Deployment Mode
 8.1 Internet of Things (IoT) in Transportation Market Snapshot and Growth Engine
 8.2 Internet of Things (IoT) in Transportation Market Overview
 8.3 Cloud-Based
  8.3.1 Introduction and Market Overview
  8.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.3.3 Key Market Trends, Growth Factors and Opportunities
  8.3.4 Cloud-Based: Geographic Segmentation Analysis
 8.4 On-Premises
  8.4.1 Introduction and Market Overview
  8.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.4.3 Key Market Trends, Growth Factors and Opportunities
  8.4.4 On-Premises: Geographic Segmentation Analysis

Chapter 9: Company Profiles and Competitive Analysis
 9.1 Competitive Landscape
  9.1.1 Competitive Benchmarking
  9.1.2 Internet of Things (IoT) in Transportation Market Share by Manufacturer (2023)
  9.1.3 Industry BCG Matrix
  9.1.4 Heat Map Analysis
  9.1.5 Mergers and Acquisitions  
 9.2 CISCO SYSTEMS (USA)
  9.2.1 Company Overview
  9.2.2 Key Executives
  9.2.3 Company Snapshot
  9.2.4 Role of the Company in the Market
  9.2.5 Sustainability and Social Responsibility
  9.2.6 Operating Business Segments
  9.2.7 Product Portfolio
  9.2.8 Business Performance
  9.2.9 Key Strategic Moves and Recent Developments
  9.2.10 SWOT Analysis
 9.3 IBM CORPORATION (USA)
 9.4 INTEL CORPORATION (USA)
 9.5 ERICSSON (SWEDEN)
 9.6 SIEMENS AG (GERMANY)
 9.7 MICROSOFT CORPORATION (USA)
 9.8 HONEYWELL INTERNATIONAL (USA)
 9.9 TOMTOM INTERNATIONAL (NETHERLANDS)
 9.10 BOSCH GROUP (GERMANY)
 9.11 CONTINENTAL AG (GERMANY)
 9.12 QUALCOMM INCORPORATED (USA)
 9.13 VODAFONE GROUP (UK)
 9.14 OTHER ACTIVE PLAYERS

Chapter 10: Global Internet of Things (IoT) in Transportation Market By Region
 10.1 Overview
10.2. North America Internet of Things (IoT) in Transportation Market
  10.2.1 Key Market Trends, Growth Factors and Opportunities
  10.2.2 Top Key Companies
  10.2.3 Historic and Forecasted Market Size by Segments
  10.2.4 Historic and Forecasted Market Size By Component
  10.2.4.1 Hardware
  10.2.4.2 Software
  10.2.4.3 Services
  10.2.5 Historic and Forecasted Market Size By Application
  10.2.5.1 Fleet Management
  10.2.5.2 Vehicle Tracking
  10.2.5.3 Traffic Management
  10.2.5.4 Passenger Information Systems
  10.2.5.5 Cargo & Freight Monitoring
  10.2.5.6 Remote Vehicle Diagnostics
  10.2.5.7 Others
  10.2.6 Historic and Forecasted Market Size By End-User
  10.2.6.1 Automotive
  10.2.6.2 Aviation
  10.2.6.3 Marine
  10.2.6.4 Railways
  10.2.6.5 Logistics & Supply Chain
  10.2.6.6 Others
  10.2.7 Historic and Forecasted Market Size By Communication Technology
  10.2.7.1 Cellular Communication
  10.2.7.2 Short-Range Communication
  10.2.7.3 Satellite Communication
  10.2.7.4 Other Communication Technologies
  10.2.8 Historic and Forecasted Market Size By Deployment Mode
  10.2.8.1 Cloud-Based
  10.2.8.2 On-Premises
  10.2.9 Historic and Forecast Market Size by Country
  10.2.9.1 US
  10.2.9.2 Canada
  10.2.9.3 Mexico
10.3. Eastern Europe Internet of Things (IoT) in Transportation Market
  10.3.1 Key Market Trends, Growth Factors and Opportunities
  10.3.2 Top Key Companies
  10.3.3 Historic and Forecasted Market Size by Segments
  10.3.4 Historic and Forecasted Market Size By Component
  10.3.4.1 Hardware
  10.3.4.2 Software
  10.3.4.3 Services
  10.3.5 Historic and Forecasted Market Size By Application
  10.3.5.1 Fleet Management
  10.3.5.2 Vehicle Tracking
  10.3.5.3 Traffic Management
  10.3.5.4 Passenger Information Systems
  10.3.5.5 Cargo & Freight Monitoring
  10.3.5.6 Remote Vehicle Diagnostics
  10.3.5.7 Others
  10.3.6 Historic and Forecasted Market Size By End-User
  10.3.6.1 Automotive
  10.3.6.2 Aviation
  10.3.6.3 Marine
  10.3.6.4 Railways
  10.3.6.5 Logistics & Supply Chain
  10.3.6.6 Others
  10.3.7 Historic and Forecasted Market Size By Communication Technology
  10.3.7.1 Cellular Communication
  10.3.7.2 Short-Range Communication
  10.3.7.3 Satellite Communication
  10.3.7.4 Other Communication Technologies
  10.3.8 Historic and Forecasted Market Size By Deployment Mode
  10.3.8.1 Cloud-Based
  10.3.8.2 On-Premises
  10.3.9 Historic and Forecast Market Size by Country
  10.3.9.1 Russia
  10.3.9.2 Bulgaria
  10.3.9.3 The Czech Republic
  10.3.9.4 Hungary
  10.3.9.5 Poland
  10.3.9.6 Romania
  10.3.9.7 Rest of Eastern Europe
10.4. Western Europe Internet of Things (IoT) in Transportation Market
  10.4.1 Key Market Trends, Growth Factors and Opportunities
  10.4.2 Top Key Companies
  10.4.3 Historic and Forecasted Market Size by Segments
  10.4.4 Historic and Forecasted Market Size By Component
  10.4.4.1 Hardware
  10.4.4.2 Software
  10.4.4.3 Services
  10.4.5 Historic and Forecasted Market Size By Application
  10.4.5.1 Fleet Management
  10.4.5.2 Vehicle Tracking
  10.4.5.3 Traffic Management
  10.4.5.4 Passenger Information Systems
  10.4.5.5 Cargo & Freight Monitoring
  10.4.5.6 Remote Vehicle Diagnostics
  10.4.5.7 Others
  10.4.6 Historic and Forecasted Market Size By End-User
  10.4.6.1 Automotive
  10.4.6.2 Aviation
  10.4.6.3 Marine
  10.4.6.4 Railways
  10.4.6.5 Logistics & Supply Chain
  10.4.6.6 Others
  10.4.7 Historic and Forecasted Market Size By Communication Technology
  10.4.7.1 Cellular Communication
  10.4.7.2 Short-Range Communication
  10.4.7.3 Satellite Communication
  10.4.7.4 Other Communication Technologies
  10.4.8 Historic and Forecasted Market Size By Deployment Mode
  10.4.8.1 Cloud-Based
  10.4.8.2 On-Premises
  10.4.9 Historic and Forecast Market Size by Country
  10.4.9.1 Germany
  10.4.9.2 UK
  10.4.9.3 France
  10.4.9.4 The Netherlands
  10.4.9.5 Italy
  10.4.9.6 Spain
  10.4.9.7 Rest of Western Europe
10.5. Asia Pacific Internet of Things (IoT) in Transportation Market
  10.5.1 Key Market Trends, Growth Factors and Opportunities
  10.5.2 Top Key Companies
  10.5.3 Historic and Forecasted Market Size by Segments
  10.5.4 Historic and Forecasted Market Size By Component
  10.5.4.1 Hardware
  10.5.4.2 Software
  10.5.4.3 Services
  10.5.5 Historic and Forecasted Market Size By Application
  10.5.5.1 Fleet Management
  10.5.5.2 Vehicle Tracking
  10.5.5.3 Traffic Management
  10.5.5.4 Passenger Information Systems
  10.5.5.5 Cargo & Freight Monitoring
  10.5.5.6 Remote Vehicle Diagnostics
  10.5.5.7 Others
  10.5.6 Historic and Forecasted Market Size By End-User
  10.5.6.1 Automotive
  10.5.6.2 Aviation
  10.5.6.3 Marine
  10.5.6.4 Railways
  10.5.6.5 Logistics & Supply Chain
  10.5.6.6 Others
  10.5.7 Historic and Forecasted Market Size By Communication Technology
  10.5.7.1 Cellular Communication
  10.5.7.2 Short-Range Communication
  10.5.7.3 Satellite Communication
  10.5.7.4 Other Communication Technologies
  10.5.8 Historic and Forecasted Market Size By Deployment Mode
  10.5.8.1 Cloud-Based
  10.5.8.2 On-Premises
  10.5.9 Historic and Forecast Market Size by Country
  10.5.9.1 China
  10.5.9.2 India
  10.5.9.3 Japan
  10.5.9.4 South Korea
  10.5.9.5 Malaysia
  10.5.9.6 Thailand
  10.5.9.7 Vietnam
  10.5.9.8 The Philippines
  10.5.9.9 Australia
  10.5.9.10 New Zealand
  10.5.9.11 Rest of APAC
10.6. Middle East & Africa Internet of Things (IoT) in Transportation Market
  10.6.1 Key Market Trends, Growth Factors and Opportunities
  10.6.2 Top Key Companies
  10.6.3 Historic and Forecasted Market Size by Segments
  10.6.4 Historic and Forecasted Market Size By Component
  10.6.4.1 Hardware
  10.6.4.2 Software
  10.6.4.3 Services
  10.6.5 Historic and Forecasted Market Size By Application
  10.6.5.1 Fleet Management
  10.6.5.2 Vehicle Tracking
  10.6.5.3 Traffic Management
  10.6.5.4 Passenger Information Systems
  10.6.5.5 Cargo & Freight Monitoring
  10.6.5.6 Remote Vehicle Diagnostics
  10.6.5.7 Others
  10.6.6 Historic and Forecasted Market Size By End-User
  10.6.6.1 Automotive
  10.6.6.2 Aviation
  10.6.6.3 Marine
  10.6.6.4 Railways
  10.6.6.5 Logistics & Supply Chain
  10.6.6.6 Others
  10.6.7 Historic and Forecasted Market Size By Communication Technology
  10.6.7.1 Cellular Communication
  10.6.7.2 Short-Range Communication
  10.6.7.3 Satellite Communication
  10.6.7.4 Other Communication Technologies
  10.6.8 Historic and Forecasted Market Size By Deployment Mode
  10.6.8.1 Cloud-Based
  10.6.8.2 On-Premises
  10.6.9 Historic and Forecast Market Size by Country
  10.6.9.1 Turkiye
  10.6.9.2 Bahrain
  10.6.9.3 Kuwait
  10.6.9.4 Saudi Arabia
  10.6.9.5 Qatar
  10.6.9.6 UAE
  10.6.9.7 Israel
  10.6.9.8 South Africa
10.7. South America Internet of Things (IoT) in Transportation Market
  10.7.1 Key Market Trends, Growth Factors and Opportunities
  10.7.2 Top Key Companies
  10.7.3 Historic and Forecasted Market Size by Segments
  10.7.4 Historic and Forecasted Market Size By Component
  10.7.4.1 Hardware
  10.7.4.2 Software
  10.7.4.3 Services
  10.7.5 Historic and Forecasted Market Size By Application
  10.7.5.1 Fleet Management
  10.7.5.2 Vehicle Tracking
  10.7.5.3 Traffic Management
  10.7.5.4 Passenger Information Systems
  10.7.5.5 Cargo & Freight Monitoring
  10.7.5.6 Remote Vehicle Diagnostics
  10.7.5.7 Others
  10.7.6 Historic and Forecasted Market Size By End-User
  10.7.6.1 Automotive
  10.7.6.2 Aviation
  10.7.6.3 Marine
  10.7.6.4 Railways
  10.7.6.5 Logistics & Supply Chain
  10.7.6.6 Others
  10.7.7 Historic and Forecasted Market Size By Communication Technology
  10.7.7.1 Cellular Communication
  10.7.7.2 Short-Range Communication
  10.7.7.3 Satellite Communication
  10.7.7.4 Other Communication Technologies
  10.7.8 Historic and Forecasted Market Size By Deployment Mode
  10.7.8.1 Cloud-Based
  10.7.8.2 On-Premises
  10.7.9 Historic and Forecast Market Size by Country
  10.7.9.1 Brazil
  10.7.9.2 Argentina
  10.7.9.3 Rest of SA

Chapter 11 Analyst Viewpoint and Conclusion
11.1 Recommendations and Concluding Analysis
11.2 Potential Market Strategies

Chapter 12 Research Methodology
12.1 Research Process
12.2 Primary Research
12.3 Secondary Research
 

Internet of Things (IoT) in Transportation Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 302.9 Billion

Forecast Period 2024-32 CAGR:

 14.6%

Market Size in 2032:

USD 1,032.7 Billion

Segments Covered:

By Component

  • Hardware
  • Software
  • Services

By Application

  • Fleet Management
  • Vehicle Tracking
  • Traffic Management
  • Passenger Information Systems
  • Cargo & Freight Monitoring
  • Remote Vehicle Diagnostics
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising Demand for Real-Time Data and Automation

Key Market Restraints:

  • Data Privacy and Security Concerns

Key Opportunities:

  • Smart Traffic Management Systems

Companies Covered in the report:

  • Cisco Systems (USA), IBM Corporation (USA), Intel Corporation (USA), Ericsson (Sweden), Siemens AG (Germany), Microsoft Corporation (USA), Honeywell International (USA), TomTom International (Netherlands), Bosch Group (Germany) and Other Active Players.
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Frequently Asked Questions :

What would be the forecast period in the Internet of Things (IoT) in Transportation Market research report?

The forecast period in the Internet of Things (IoT) in Transportation Market research report is 2024-2032.

Who are the key players in the Internet of Things (IoT) in Transportation Market?

Cisco Systems, IBM Corporation, Intel Corporation, Ericsson, Siemens AG, Microsoft Corporation, Honeywell International, TomTom International, Bosch Group, Continental AG, Qualcomm Incorporated, Vodafone Group, and Other Active Players.

What are the segments of the Internet of Things (IoT) in Transportation Market?

The Internet of Things (IoT) in Transportation Market is segmented into Component, Communication Technology, Deployment Mode, Application, End User and region. By Component, the market is categorized into Hardware, Software, Services. By Application, the market is categorized into Fleet Management, Vehicle Tracking, Traffic Management, Passenger Information Systems, Cargo & Freight Monitoring, Remote Vehicle Diagnostics, Others. By End-User, the market is categorized into Automotive, Aviation, Marine, Railways, Logistics & Supply Chain, Others. By Communication Technology, the market is categorized into Cellular Communication, Short-Range Communication, Satellite Communication, Other Communication Technologies. By Deployment Mode, the market is categorized into Cloud-Based, On-Premises. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Russia; Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; The Netherlands; Italy; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Internet of Things (IoT) in Transportation Market?

The Internet of Things (IoT) in the transportation market defines the use of IoT technology in the transport industry to allow vehicles, infrastructure, and systems to be linked and speak to one another. This network enables the actual gathering and analysis of data, and thus increases operational capacity, safety, and convenient for passengers. Charles, Internet of Things for smart city transportation helps in having efficient transport management through fleet management, vehicle tracking and traffic management and most importantly the Open Data Platform for Real Time Passenger Information System which will enhance the decision making.

How big is the Internet of Things (IoT) in Transportation Market?

Internet of Things (IoT) in Transportation Market Size Was Valued at USD 302.9 Billion in 2023, and is Projected to Reach USD 1,032.7 Billion by 2032, Growing at a CAGR of 14.6% From 2024-2032.