The IoT in transportation market
is expected to reach $143.93 billion by 2020 at an estimated CAGR of
8.95% from 2014 to 2020. Africa is the leading region in the
overall market, followed by Asia-Pacific (APAC) and the Middle East.
IOT
is increasingly demanding more evolved devices from the semiconductor
industry, with long lasting battery technologies, low power consumption,
and the ability to accurately process and store data at lower costs.
The report segments IoT in transportation market into six different
segments such as component, products & software services, verticals,
solutions, application, and geography.
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Scope of the report:
IoT in Transportation Market By Components
The
global IoT market in intelligent transportation systems can be
classified into semiconductor and wireless components. The
semiconductors components can further be segmented into microcontroller
(MCU), digital signal processing (DSP), field programmable gate array
(FFGA), memory protection unit (MPU), application specific standard
product (AASP), and application specific integrated circuit (ASIC).
IoT in Transportation Market By Products, Software, and Services
The
IoT market in intelligent transportation systems, by product type, is
classified into the product, software, and service segments. The
automotive industry is witnessing a new wave of technological
revolution, which accelerates the idea of connected cars. Providing
Internet accessibility in cars is imminent as consumers require an array
of real-time services, such as on-demand infotainment and traffic
navigation, along with safety and security features.
IoT in Transportation Market By Verticals
The
report divides the IoT in transportation market into roads, railways,
airways, and maritime. Airways and maritime are the fastest-growing
verticals. The newly developed airports are well-equipped with the
latest technologies and safety measurements.
IoT in Transportation Market By Solutions
The
report covers solutions, including traffic, asset, ticketing,
supervision, operations, passenger information, and maintenance. The
asset tracking solution and maintenance solution are expected to grow
the fastest in this segment.
IoT in Transportation Market By Geography
The
report covers regions including Europe, APAC, Middle East, and Africa
for the IoT in transportation market. A complete quantitative analysis
of all the regions has been covered in the report.
The
concept of IoT has gone beyond the machine-to-machine (M2M)
communication. With technological advancements and our increasing
dependence on them in the day-to-day lives, it is evident that the IoT
concept has a promising future. With the rate of proliferation of the
wireless sensors network, the increasing adoption of emerging
technologies and mainstreaming of many smart consumer applications, IoT
is on its way to becoming the big thing. Few trends in the technology
and application segments are projected to shape the future of IoT. Some
of these critical technology trends, which are expected to have a huge
impact on the IoT evolution, are big data, cloud computing, IPV6,
wireless sensor network proliferation, and faster communication
standards such as 4G-LTE and beyond.
The
opportunities for IoT in transportation market are extremely high and
mainly depend on organizations for adopting technological changes that
are ever-increasing. With such a rapid change, it would be possible to
have excellent quality of experience as well as better economic
opportunities for users, governments, and businesses.
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The
applications segment covers the major applications of IoT in
transportation market that are divided into four segments, namely
telematics, infotainment, advanced driver assistance system, and so on.
Moreover, the IoT market in intelligent transportation systems, by
geography, has been divided based on geographic locations of the
countries that include the Americas, Europe, APAC, Middle East, and
Africa. The Americas is the largest market, by geography, which is due
to the easy availability of infrastructure for the deployment of IoT in
transportation in this region.
The report
profiles all the prominent companies involved in the field of IoT, such
as Garmin International, Ltd. (U.S.), Thales Group (France), TomTom
N.V. (The Netherlands), Denso Corp. (Japan), Alcatel-Lucent (France),
Sierra Wireless, Inc. (Canada), AT&T, Inc. (U.S), Verizon
Communications (U.S.), and Intel Corp. (U.S).
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