Rising urbanization in Asia-Pacific economies will escalate Asia-Pacific smart transportation market

Asia-Pacific smart transportation market is projected to grow at a significant CAGR of around 14.8% during the forecast period (2020-2026). The market for smart transportation in Asia-Pacific is projected to grow at a high rate during the forecast period, backed by the rising urbanization in the region, which in turn, is increasing the traffic in the emerging economies of Asia-Pacific. Moreover, the huge population base in the Asia-Pacific economies, such as India and China. This, in turn, is rising the traffic and congestion in the cities in the Asia-Pacific economies, such as India. Therefore, several smart city initiatives have been introduced across the emerging economies of the region, such as Smart City Mission.

Browse the full report description Asia-Pacific Smart transportation Market Size, Share & Trends Analysis Report by Transportation Mode (Railways, Airways, Roadways, and Maritime) and by Application (Ticketing Management System, Parking Management System, Traffic Management System, and Others) and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/asia-pacific-smart-transportation-market

Moreover, the presence of world’s largest electronics and automotive hubs in China and Japan is further supporting the growth of the smart transportation infrastructure development in the region. The companies are focussing on rapidly growing economies/cities of the region, such as Hong Kong, Tokyo, and Beijing, which in turn, is supporting the smart city projects of the respective countries, leading to the rise in the growth of the smart transportation market in Asia-Pacific. Moreover, the continuous expansion of industrial sector is further leading to the rise in the population base in the region, offering growth factor for the smart transportation market in the region.

Market Coverage

Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment/region dominates the market in base year?
• Which segment/region will project fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and coming years?

o Recovery Timeline

o Deviation from pre-COVID 

o Most affected segment/region

o Recommendations 

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Asia-Pacific Smart Transportation Market – Segmentation

By Transportation Mode

• Railways
• Roadways
• Airways
• Maritime

By Application

• Ticketing Management System
• Parking Management System
• Traffic Management System 
• Others (Integrated Supervision System)

Asia-Pacific Smart Transportation Market – Segmentation

• China
• Japan
• India
• Rest of Asia-Pacific