Europe Smart Transportation Market – Size, Outlook, Trends and Forecast (2024 – 2032)

A smart transportation system is an advanced application which will provide unique services to give creative traffic management solution. The term is usually taken from Latin trans means “across”, and portation signifies “to carry”.

Europe Smart Transportation Market Segments Size & Growth:

Europe Smart Transportation Market is accounted for $XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market growth by an increase in urban population, government initiatives, the emergence of green fuels, and smart technologies. Though, Increase in capital expenditure hamper the growth of the Europe smart transportation market.

Europe Smart Transportation Market Segments Share:

Europe smart transportation market is categorised into by transportation mode which consists of railways and roadways. Both rail and roadways are expected to grow at a quick pace due to increase in population. By market type, it is classified by cooperative vehicle systems, advanced transportation pricing system, advanced transportation management system, advanced public transportation system, advanced traveller information system, and advanced parking management system. Advanced parking management system is the leading market due to increase in vehicles. By the solution, it is segmented as parking management solution, smart ticketing management solution, traffic supervision solution, and passenger information solution. Smart ticketing management empowers the vehicle organisations to give better administration to their clients and reduce fund leakage and have a fair charge. Deployment and integration service is projected to have the highest growth due to the demand for upgrading the transportation facilities. Traffic management and automotive telematics are expected to have high growth owing to the rise in some automobiles and advancements in technology, especially in automotive industry.

By Geography, Germany is dominating the growth of the Europe smart transportation market and the growth in Europe is mainly attributed because of the technological advancements in the automotive and rapid usage of smart devices. Furthermore, UK is witnessing the fastest growth during the forecast period, due to the rise in adoption of smart devices, increase in vehicles and investments in digitalisation of transport infrastructures.

Europe Smart Transportation Market Segments Trends:

• In January 2017, Parkopedia partnered along with Volkswagen had launched a new product “HAD Parking Maps” to provide clients more detailed data on parking spaces.
• In February 2017, Parkmobile, LLC along with Park Harrisburg to launch novel mobile payment which allows paying for parking all on-street spaces.

Europe Smart Transportation Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

• Kapsch Group
• Schneider Electric SE
• Thales Group
• Q-Free
• ERTICO