North America Smart Transportation Market Size, Share & Industry Trends Analysis Report By Component (Solution and Services), By Transportation Type, By Country and Growth Forecast, 2022 – 2028

North America Smart Transportation Market Size, Share & Industry Trends Analysis Report By Component (Solution and Services), By Transportation Type, By Country and Growth Forecast, 2022 – 2028

The North America Smart Transportation Market would witness market growth of 9.5% CAGR during the forecast period (2022-2028).

Smart transportation, often known as smart transportation, is a type of modern transportation infrastructure that strives to provide novel traffic and transportation management services. It can be used for parking management and guiding, passenger information, and traffic management, among other things. Smart transportation systems (ITS) are cutting-edge applications that deliver advanced transportation and traffic management services. Using technology like automobile navigation, speed cameras, traffic signal control systems, and other real-time data and computational technologies, it allows numerous users to be more coordinated and informed. Infrastructure upgrades, legislative requirements for sustainable fuels for public transportation vehicles, and the deployment of systems to efficiently supply mobility services to ever-expanding cities are all ways to attain this smart transportation information.

The Texas Transportation Commission approved a $1.3 billion plan in June 2016 to reduce vehicle congestion on the state's most congested highways, which is expected to promote transportation infrastructure modernization through 2021. These types of investments will fuel the demand for smart transportation.

In the United States, federal-state cooperation on policy direction and funding has increased, resulting in faster road testing and software development. In 2018, Pittsburgh, for example, piloted Smart traffic lights in 50 intersections throughout the city. Idling time was decreased by more than 40%, while travel time was lowered by about 25%. As a result, infrastructure expansion, notably in the United States.

Because of the rapid deployment of smart transportation solutions, which include features such as real-time traffic information, parking management systems, smart signaling systems, electronic toll collection, and real-time information for public transit systems, North America would be a key region for this market. For example, the US Department of Transportation invested $160 billion in smart city technologies in 2016. These projects aim to improve parking and traffic management solutions, hence generating demand for the smart transportation sector.

The US market dominated the North America Smart Transportation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $41,794.5 million by 2028. The Canada market is poised to grow at a CAGR of 12% during (2022 - 2028). Additionally, The Mexico market would display a CAGR of 11% during (2022 - 2028).

Based on Component, the market is segmented into Solution (Traffic Management System, Parking Management & Guidance System, Ticketing Management System, and Integrated Supervision System) and Services (Business, Professional, and Cloud Services). Based on Transportation Type, the market is segmented into Roadways, Railways, Airways, and Maritime. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Cisco Systems, Inc., Accenture PLC, Cubic Corporation, ALSTOM Holdings, Siemens AG, Thales Group S.A., TomTom N.V., MSR-Traffic GmbH (MSR-Group GmbH), and Iteris, Inc.

Scope of the Study

Market Segments covered in the Report:

By Component

  • Solution
  • Traffic Management System
  • Parking Management & Guidance System
  • Ticketing Management System
  • Integrated Supervision System
  • Services
  • Business
  • Professional
  • Cloud Services
By Transportation Type
  • Roadways
  • Railways
  • Airways
  • Maritime
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • IBM Corporation
  • Cisco Systems, Inc.
  • Accenture PLC
  • Cubic Corporation
  • ALSTOM Holdings
  • Siemens AG
  • Thales Group S.A.
  • TomTom N.V.
  • MSR-Traffic GmbH (MSR-Group GmbH)
  • Iteris, Inc.
Unique Offerings from KBV Research
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Smart Transportation Market, by Component
1.4.2 North America Smart Transportation Market, by Transportation Type
1.4.3 North America Smart Transportation Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Sep – 2022, Apr) Leading Players
Chapter 4. North America Smart Transportation Market by Component
4.1 North America Solution Market by Country
4.2 North America Smart Transportation Market by Solution Type
4.2.1 North America Traffic Management System Market by Country
4.2.2 North America Parking Management & Guidance System Market by Country
4.2.3 North America Ticketing Management System Market by Country
4.2.4 North America Integrated Supervision System Market by Country
4.3 North America Services Market by Country
4.4 North America Smart Transportation Market by Services Type
4.4.1 North America Business Market by Country
4.4.2 North America Professional Market by Country
4.4.3 North America Cloud Services Market by Country
Chapter 5. North America Smart Transportation Market by Transportation Type
5.1 North America Roadways Market by Country
5.2 North America Railways Market by Country
5.3 North America Airways Market by Country
5.4 North America Maritime Market by Country
Chapter 6. North America Smart Transportation Market by Country
6.1 US Smart Transportation Market
6.1.1 US Smart Transportation Market by Component
6.1.1.1 US Smart Transportation Market by Solution Type
6.1.1.2 US Smart Transportation Market by Services Type
6.1.2 US Smart Transportation Market by Transportation Type
6.2 Canada Smart Transportation Market
6.2.1 Canada Smart Transportation Market, 2022 - 2028, USD Million
6.2.2 Canada Smart Transportation Market by Component
6.2.2.1 Canada Smart Transportation Market by Solution Type
6.2.2.2 Canada Smart Transportation Market by Services Type
6.2.3 Canada Smart Transportation Market by Transportation Type
6.3 Mexico Smart Transportation Market
6.3.1 Mexico Smart Transportation Market by Component
6.3.1.1 Mexico Smart Transportation Market by Solution Type
6.3.1.2 Mexico Smart Transportation Market by Services Type
6.3.2 Mexico Smart Transportation Market by Transportation Type
6.4 Rest of North America Smart Transportation Market
6.4.1 Rest of North America Smart Transportation Market by Component
6.4.1.1 Rest of North America Smart Transportation Market by Solution Type
6.4.1.2 Rest of North America Smart Transportation Market by Services Type
6.4.2 Rest of North America Smart Transportation Market by Transportation Type
Chapter 7. Company Profiles
7.1 IBM Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional & Segmental Analysis
7.1.4 Research & Development Expenses
7.2 Cisco Systems, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations and Agreements:
7.3 Accenture PLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Acquisition and Mergers:
7.3.6 SWOT Analysis
7.4 Cubic Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research and Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Acquisition and Mergers:
7.5 ALSTOM Holdings
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations and Agreements:
7.5.5.2 Acquisition and Mergers:
7.6 Siemens AG
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.5.2 Acquisition and Mergers:
7.6.6 SWOT Analysis
7.7 Thales Group S.A.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research and Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.7.5.2 Product Launches and Product Expansions:
7.8 TomTom N.V.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.8.6 SWOT Analysis
7.9 MSR-Traffic GmbH (MSR-Group GmbH)
7.9.1 Company Overview
7.10. Iteris, Inc.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expenses
7.10.5 Recent strategies and developments:
7.10.5.1 Partnerships, Collaborations, and Agreements:
7.10.5.2 Product Launches and Product Expansions:
7.10.5.3 Acquisition and Mergers:

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings