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Press Release:

Global IoT in Transportation Market to Reach US$ 315.5 Billion by 2027, Impelled by Increasing Demand for Improved Traffic Management System

COVID-19
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IoT in Transportation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global IoT in transportation market reached a value of US$ 97.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 315.5 Billion by 2027, exhibiting a growth rate (CAGR) of 20.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, mode of transport and application.

Breakup by Type:

 

 
 

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  • 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:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Mode of Transport, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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

List of Figures

Figure 1: Global: IoT in Transportation Market: Major Drivers and Challenges
Figure 2: Global: IoT in Transportation Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: IoT in Transportation Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: IoT in Transportation Market: Breakup by Type (in %), 2021
Figure 5: Global: IoT in Transportation Market: Breakup by Mode of Transport (in %), 2021
Figure 6: Global: IoT in Transportation Market: Breakup by Application (in %), 2021
Figure 7: Global: IoT in Transportation Market: Breakup by Region (in %), 2021
Figure 8: Global: IoT in Transportation (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: IoT in Transportation (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: IoT in Transportation (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: IoT in Transportation (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: IoT in Transportation (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: IoT in Transportation (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: IoT in Transportation (Roadways) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: IoT in Transportation (Roadways) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: IoT in Transportation (Railways) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: IoT in Transportation (Railways) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: IoT in Transportation (Airways) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: IoT in Transportation (Airways) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: IoT in Transportation (Maritime) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: IoT in Transportation (Maritime) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: IoT in Transportation (Traffic Congestion Control Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: IoT in Transportation (Traffic Congestion Control Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: IoT in Transportation (Automotive Telematics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: IoT in Transportation (Automotive Telematics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: IoT in Transportation (Reservation, Toll and Ticketing Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: IoT in Transportation (Reservation, Toll and Ticketing Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: IoT in Transportation (Security and Surveillance Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: IoT in Transportation (Security and Surveillance Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: IoT in Transportation (Remote Monitoring) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: IoT in Transportation (Remote Monitoring) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: IoT in Transportation (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: IoT in Transportation (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: North America: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: North America: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: United States: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: United States: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Canada: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Canada: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia-Pacific: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia-Pacific: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: China: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: China: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Japan: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Japan: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: India: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: India: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: South Korea: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: South Korea: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Australia: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Australia: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Indonesia: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Indonesia: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Others: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Others: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Europe: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Europe: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Germany: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Germany: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: France: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: France: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United Kingdom: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United Kingdom: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Italy: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Italy: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Spain: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Spain: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Russia: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Russia: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Latin America: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Latin America: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Brazil: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Brazil: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Mexico: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Mexico: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Middle East and Africa: IoT in Transportation Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Middle East and Africa: IoT in Transportation Market: Breakup by Country (in %), 2021
Figure 82: Middle East and Africa: IoT in Transportation Market Forecast: Sales Value (in Million US$), 2022-2027
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

List of Tables

Table 1: Global: IoT in Transportation Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: IoT in Transportation Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: IoT in Transportation Market Forecast: Breakup by Mode of Transport (in Million US$), 2022-2027
Table 4: Global: IoT in Transportation Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: IoT in Transportation Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: IoT in Transportation Market: Competitive Structure
Table 7: Global: IoT in Transportation Market: Key Players


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Key Questions Answered in This Report

The global IoT in transportation market was valued at US$ 97.1 Billion in 2021.

 

We expect the global IoT in transportation market to exhibit a CAGR of 20.60% during 2022-2027.

 

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in transportation restrictions, thereby negatively impacting the global market for IoT in transportation solution.

 

The increasing adoption of IoT in transportation solution in improving safety, enhancing operation performance and customer experience, optimizing maintenance by reducing recurring complexities, etc., is primarily driving the global IoT in transportation market.

Based on the type, the global IoT in transportation market can be categorized into hardware, software, and services. Currently, hardware exhibits clear dominance in the market.

Based on the mode of transport, the global IoT in transportation market has been segmented into roadways, railways, airways, and maritime. Among these, roadways currently hold the largest market share.

Based on the application, the global IoT in transportation market can be bifurcated into traffic congestion control systems, automotive telematics, reservation, toll and ticketing systems, security and surveillance systems, remote monitoring, and others. Currently, automotive telematics accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

 

Some of the major players in the global IoT in transportation market include 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.

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