IoT in Transportation Market, Global Outlook and Forecast 2023-2029
The Internet of Things (IoT) is the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect and exchange data, creating opportunities for more direct integration of the physical world into computer-based systems, resulting in efficiency improvements, economic benefits, and reduced human exertions.
This report contains market size and forecasts of IoT in Transportation in Global, including the following market information:
Global IoT in Transportation Market Size 2024-2029, ($ millions)
The global IoT in Transportation market is projected to reach US$ 285740 million by 2029.
The IoT can assist in the integration of communications, control, and information processing across various transportation systems. Application of the IoT extends to all aspects of transportation systems (i.e. the vehicle, the infrastructure, and the driver or user). Dynamic interaction between these components of a transport system enables inter and intra vehicular communication, smart traffic control, smart parking, electronic toll collection systems, logistic and fleet management, vehicle control, and safety and road assistance.
We surveyed the IoT in Transportation companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global IoT in Transportation Market, by Type, 2024-2029 ($ millions)
Global IoT in Transportation Market Segment Percentages, by Type
Hardware
Software
Service
Global IoT in Transportation Market, by Application, 2024-2029 ($ millions)
Global IoT in Transportation Market Segment Percentages, by Application
Road Transportation
Railway Transportation
Air Transportation
Marine Transportation
Global IoT in Transportation Market, By Region and Country, 2024-2029 ($ Millions)
Global IoT in Transportation Market Segment Percentages, by region and country
United States
Europe
Asia
China
Rest of World
Competitor Analysis
The report also provides analysis of leading market participants including:
Further, the report presents profiles of competitors in the market, key players include:
Alcatel-Lucent
AT&T
Cisco Systems
IBM
Intel
Amazon Web Services
ARM Holdings
Dell
Ericsson
GE
Google
Huawei
Microsoft
Oracle
Qualcomm
RTI
SAP
Telefonica
