Asia-Pacific smart transportation market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the smart city initiatives in the emerging economies of the region, such as China and India. Moreover, the rising urban population and significant penetration rate of IoT and automation technologies in the region, are some other factors augmenting the market growth in Asia-Pacific. The smart transportation market is classified on the basis of transportation mode and application. Based on transportation mode, the market is segmented into railways, airways, roadways, and maritime. Based on application, the market is segregated into ticketing management system, parking management system, traffic management system, and others. The smart transportation market will be driven by the roadway’s transportation. The roadway smart transportation market is estimated to project a considerable CAGR during the forecast period.  

Geographically, Asia-Pacific smart transportation market is analyzed for China, Japan, India, and rest of Asia-Pacific. China contributed the major share in Asia-Pacific smart transportation market in 2019 and is expected to retain at its position during the forecast period. The dominance of China in Asia-Pacific market is mainly due to the presence of the world’s largest electronics hub, offering a range of products at a comparable price. India is projected to exhibit a considerable CAGR in Asia-Pacific smart transportation market during the forecast period, owing to the rising spending of government on the development of smart city infrastructure, backed by public-private partnership (PPP) model. 

The Asia-Pacific smart transportation market is influenced by product development and advancements conducted by the market players. The key players of the smart transportation market include Cisco Systems, Inc., Siemens AG, Oracle Corp., IBM Corp., SAP SE, Huawei Technologies Co., Ltd., Intel Corp., and Parsons Corp. These players are playing a significant role in the growth of the smart transportation market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.

RESEARCH METHODOLOGY

The market study of the Asia-Pacific smart transportation market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary sources include:

1. Financial reports of companies involved in the market
2. Whitepapers, research-papers, and news blogs
3. Company websites and their product catalog

The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Asia-Pacific Smart transportation Market Research and Analysis by Transportation Mode
2. Asia-Pacific Smart transportation Market Research and Analysis by Application

The Report covers:

• Comprehensive research methodology of the Asia-Pacific smart transportation market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific smart transportation market.
• Insights about market determinants which are stimulating the Asia-Pacific market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.