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IoT in Transportation Market Report by Type (Hardware, Software, Services), Mode of Transport (Roadways, Railways, Airways, Maritime), Application (Traffic Congestion Control Systems, Automotive Telematics, Reservation, Toll and Ticketing Systems, Security and Surveillance Systems, Remote Monitoring, and Others), and Region 2024-2032
Market Report I 2024-07-01 I 140 Pages I IMARC Group
The global IoT in transportation market size reached US$ 143.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 606.8 Billion by 2032, exhibiting a growth rate (CAGR) of 17.1% during 2024-2032.
The Internet of Things (IoT) refers to a technological solution that is used for connecting mechanical equipment, vehicles, and objects to the internet. It utilizes actuators, embedded sensors, and other devices to gather and transmit data regarding real-world activities, such as road conditions, traffic, vehicle diagnostics, driving behavior, fuel usage, and alerts for speeding. It is widely used for remote monitoring, traffic congestion control system, automotive telematics, security and surveillance system, reservation, and toll and ticketing systems. IoT in transportation assists in improving safety, enhancing operation performance, customer experience, and optimizing maintenance by reducing recurring complexities and providing remote diagnosis and real-time monitoring. As a result, it is widely used in airways, railways, maritime, and roadways.
IoT in Transportation Market Trends:
Significant growth in the railway system due to the increasing need for urban connectivity across the globe is creating a positive outlook for the market. IoT in railways is commonly used to check the flow of passengers, timetable management, capacity optimization, and predictive maintenance. In line with this, the introduction of smart railway systems that is equipped with IoT enabled sensors and devices to monitor conveyance performance and environmental conditions is acting as another growth-inducing factor. This, in turn, is aiding the sector in improving operational efficiency and safety, while reducing delays. Additionally, the widespread product adoption in roadway vehicles due to the increasing need for interconnected mobility solutions that reduce commute time and road traffic is positively impacting the market growth. Other factors, including the rising spending capacities of consumers, particularly in emerging economies, enhanced internet connectivity, significant expansion in the information and communications technology (ICT) sector, and the implementation of various government initiatives for the development of smart cities, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global IoT in transportation market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, mode of transport and application.
Breakup by Type:
Hardware
Software
Services
Breakup by Mode of Transport:
Roadways
Railways
Airways
Maritime
Breakup by Application:
Traffic Congestion Control Systems
Automotive Telematics
Reservation, Toll and Ticketing Systems
Security and Surveillance Systems
Remote Monitoring
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alcatel-Lucent Enterprise (China Huaxin Post and Telecom Technologies Co. Limited), AT&T Inc., Cisco Systems Inc., DENSO Corporation, Garmin Ltd, International Business Machines Corporation, Microsoft Corporation, Sierra Wireless Inc., Software Aktiengesellschaft, Thales Group, TomTom N.V. and Verizon Communications Inc.
Key Questions Answered in This Report
1. What was the size of the global IoT in transportation market in 2023?
2. What is the expected growth rate of the global IoT in transportation market during 2024-2032?
3. What has been the impact of COVID-19 on the global IoT in transportation market?
4. What are the key factors driving the global IoT in transportation market?
5. What is the breakup of the global IoT in transportation market based on the type?
6. What is the breakup of the global IoT in transportation market based on the mode of transport?
7. What is the breakup of the global IoT in transportation market based on the application?
8. What are the key regions in the global IoT in transportation market?
9. Who are the key players/companies in the global IoT in transportation market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global IoT in Transportation Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Services
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Mode of Transport
7.1 Roadways
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Railways
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Airways
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Maritime
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Application
8.1 Traffic Congestion Control Systems
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Automotive Telematics
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Reservation, Toll, and Ticketing Systems
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Security and Surveillance Systems
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Remote Monitoring
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Alcatel-Lucent Enterprise (China Huaxin Post and Telecom Technologies Co. Limited)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 AT&T Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Cisco Systems Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 DENSO Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Garmin Ltd
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 International Business Machines Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Microsoft Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Sierra Wireless Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Software Aktiengesellschaft
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Thales Group
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 TomTom N.V.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Verizon Communications Inc.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
Figure 1: Global: IoT in Transportation Market: Major Drivers and Challenges
Figure 2: Global: IoT in Transportation Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: IoT in Transportation Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: IoT in Transportation Market: Breakup by Type (in %), 2023
Figure 5: Global: IoT in Transportation Market: Breakup by Mode of Transport (in %), 2023
Figure 6: Global: IoT in Transportation Market: Breakup by Application (in %), 2023
Figure 7: Global: IoT in Transportation Market: Breakup by Region (in %), 2023
Figure 8: Global: IoT in Transportation (Hardware) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: IoT in Transportation (Hardware) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: IoT in Transportation (Software) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: IoT in Transportation (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: IoT in Transportation (Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: IoT in Transportation (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: IoT in Transportation (Roadways) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: IoT in Transportation (Roadways) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: IoT in Transportation (Railways) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: IoT in Transportation (Railways) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: IoT in Transportation (Airways) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: IoT in Transportation (Airways) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: IoT in Transportation (Maritime) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: IoT in Transportation (Maritime) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: IoT in Transportation (Traffic Congestion Control Systems) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: IoT in Transportation (Traffic Congestion Control Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: IoT in Transportation (Automotive Telematics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: IoT in Transportation (Automotive Telematics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: IoT in Transportation (Reservation, Toll and Ticketing Systems) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: IoT in Transportation (Reservation, Toll and Ticketing Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: IoT in Transportation (Security and Surveillance Systems) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: IoT in Transportation (Security and Surveillance Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: IoT in Transportation (Remote Monitoring) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: IoT in Transportation (Remote Monitoring) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: IoT in Transportation (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: IoT in Transportation (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: North America: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: North America: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: United States: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: United States: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Canada: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Canada: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Asia-Pacific: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Asia-Pacific: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: China: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: China: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Japan: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Japan: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: India: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: India: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: South Korea: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: South Korea: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Australia: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Australia: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Indonesia: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Indonesia: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Others: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Others: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Europe: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Europe: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Germany: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Germany: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: France: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: France: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: United Kingdom: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: United Kingdom: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Italy: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Italy: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Spain: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Spain: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Russia: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Russia: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Others: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Others: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Latin America: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Latin America: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Brazil: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Brazil: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Mexico: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Mexico: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Others: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Others: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Middle East and Africa: IoT in Transportation Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Middle East and Africa: IoT in Transportation Market: Breakup by Country (in %), 2023
Figure 82: Middle East and Africa: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Global: IoT in Transportation Industry: SWOT Analysis
Figure 84: Global: IoT in Transportation Industry: Value Chain Analysis
Figure 85: Global: IoT in Transportation Industry: Porter's Five Forces Analysis
Table 1: Global: IoT in Transportation Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: IoT in Transportation Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: IoT in Transportation Market Forecast: Breakup by Mode of Transport (in Million US$), 2024-2032
Table 4: Global: IoT in Transportation Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: IoT in Transportation Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: IoT in Transportation Market: Competitive Structure
Table 7: Global: IoT in Transportation Market: Key Players
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