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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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 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.
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Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
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