GITNUX MARKETDATA REPORT 2024

Smart Transportation Industry Statistics

The Smart Transportation Industry is expected to grow rapidly, driven by increasing urbanization, technological advancements, government initiatives, and growing interest in sustainable transportation solutions.

Statistic 1

"By 2025, the smart transportation market is expected to achieve a valuation of $149.21 billion."

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Statistic 2

"Over 65% of global urban areas are expected to implement smart transportation solutions by 2030."

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Statistic 3

"Sustainable transportation solutions are expected to make up 25% of the smart transportation market by 2025."

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Statistic 4

"The smart parking segment is anticipated to grow at a CAGR of 16.2% during the forecast period."

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Statistic 5

"The global smart transportation market was valued at approximately $70 billion in 2020."

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Statistic 6

"The European smart transportation market is forecast to reach $45 billion by 2026."

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Statistic 7

"North America held a 35% share of the global smart transportation market in 2021."

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Statistic 8

"The freight management segment will grow at a CAGR of 17% from 2022 to 2030."

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Statistic 9

"The use of Artificial Intelligence (AI) in smart transportation systems is expected to grow by 19.4% annually."

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Statistic 10

"Intelligent transportation analytics and telematics market size is projected to reach $6 billion by 2025."

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Statistic 11

"The intelligent traffic management segment is forecasted to reach $29.45 billion by 2025."

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Statistic 12

"Autonomous vehicle technology is projected to account for 15% of the smart transportation market by 2028."

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Statistic 13

"Asia-Pacific is expected to witness the highest growth rate in the smart transportation market during the forecast period."

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Statistic 14

"By 2024, electric vehicles will account for 10% of smart fleet management systems worldwide."

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Statistic 15

"The smart transportation market is expected to grow at a CAGR of 18.68% from 2021 to 2026."

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Statistic 16

"The adoption of smart city initiatives is boosting the smart transportation market's growth by 30%, according to recent studies."

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Statistic 17

"Smart ticketing accounted for 22% of the smart transportation market share in 2020."

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Statistic 18

"Europe held the largest market share in the smart transportation market in 2020."

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Statistic 19

"The use of IoT in smart transportation systems is projected to grow by 21% annually through 2027."

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Statistic 20

"More than 50 cities worldwide have implemented smart transportation solutions as of 2023."

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