Asia Pacific Smart Transportation Market Size & Outlook
Asia Pacific smart transportation market, 2018-2030 (US$M)
Related Markets
Asia Pacific smart transportation market highlights
- The Asia Pacific smart transportation market generated a revenue of USD 27.7 million in 2023.
- The market is expected to grow at a CAGR of 14.7% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating offering in 2023.
- Services is the most lucrative offering segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 27.7 million |
| Market revenue in 2030 | USD 72.2 million |
| Growth rate | 14.7% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Accenture PLC Class A, Alstom SA, Cisco Systems Inc, Portland General Electric Co, International Business Machines Corp, Indra Sistemas SA ADR, Xerox Holdings Corp, CubicFarm Systems Corp, Kapsch Group, LG CNS |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.8% of the global smart transportation market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 72.2 million by 2030.
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Smart Transportation Market Scope
Smart Transportation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific smart transportation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart transportation market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 64.98% in 2023. Horizon Databook has segmented the Asia Pacific smart transportation market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Asia Pacific Smart Transportation Offering Outlook (Revenue, USD Million, 2018-2030)
- Solution
- Ticketing Management System
- Parking Management System
- Integrated Supervision System
- Traffic Management System
- Services
- Cloud Services
- Business Services
- Professional Services
- Solution
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Target buyers of Asia Pacific smart transportation market databook
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Our clientele includes a mix of smart transportation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific smart transportation market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific smart transportation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific smart transportation market size, by country, 2018-2030 (US$M)
Asia Pacific Smart Transportation Market Outlook Share, 2023 & 2030 (US$M)
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