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IoT in Transportation Market by Type (Hardware, Software, and Services), Mode of Transport (Roadways, Railways, Airways, and Maritime), and Application (Traffic Congestion Control Systems; Automotive Telematics; Reservation, Toll, & Ticketing Systems; Security & Surveillance Systems; Remote Monitoring; and Others) - Global Opportunity Analysis and Industry Forecast, 2016-2023

IC 172484
Pages: 130
Aug 2017 | 1595 Views
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Author's : Ashvin Namde
Tables: 30
Charts: 44
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IoT in Transportation Market Overview:

The adoption of IoT in the transportation industry has led to the incorporation of various tools & services that facilitate better transport management through traffic congestion control system; automotive telematics; reservation; toll & ticketing systems; security and surveillance system; remote monitoring; & others. Furthermore, the major tools used in the global industry include omnichannel commerce solutions, sales, inventory & operations planning, manufacturing & supply chain optimization, quality monitoring, system software development & integration, big data & edge data analytics, and fleet reliability analysis.

The adoption of IoT in the transportation industry facilitates better operation & control, material management, energy management, traffic planning, staff & passenger information management, data analytics, and others. Moreover, it offers unscheduled aircraft maintenance, tail allocation, sensory inputs, reliable & secure communications, and cloud application development services.

Global IoT in Transportation Market Segmentation

The global IoT in transportation market is segmented based on type, mode of transport, application, and geography. Based on type, it is categorized into hardware, software, and services. Based on mode of transport, it is divided into roadways, railways, airways, and maritime. Based on application, it is classified into traffic congestion control systems; automotive telematics; reservation, toll, & ticketing systems; security & surveillance systems; remote monitoring; and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global IoT in transportation market was valued at $135.35 billion in 2016, and is expected to reach $328.76 billion by 2023, growing at a CAGR of 13.7% from 2017 to 2023. The major factors driving the market growth are extended connectivity; enhanced internet penetration; government initiatives for smart cities; decreased cost of powerful sensors & controllers; growth in information, communication, & technology (ICT); and expenditure by governments in the several developed and the developing regions including North America, Europe, and Asia-Pacific.

North America generated the highest revenue in the global market in 2016, owing to technologically backed infrastructure, high adoption of Internet of Things (IoT), and growth in demand for IoT in transportation tools. Moreover, Asia-Pacific is expected to grow at the highest CAGR, owing to rise in demand for technological upgrade in the transportation sector for China, India, & the other developing countries in this region.

The key players operating in the global IoT in transportation market include Alcatel-Lucent, AT&T Inc., Garmin International Inc., IBM Corp., Denso Corp., Thales Group, General Electric, Verizon Communications Inc., Cisco Systems, Inc., and TomTom N.V. These players have expanded their market presence by adopting various business strategies such as acquisition, geographical expansion, product development, strategic alliance, and collaboration.

Growth in Information, Communication, & Technology (ICT)

As per the report published by World Bank, the minimum internet penetration rate is 15% in the least developed countries of South Asia and Sub-¬Saharan Africa. Further, technological innovation drives the development of Information & Communication Technology (ICT) infrastructure.

Decrease in the Cost of Sensors & Controllers

The increase in internet penetration, infrastructural development, growth in demand for automation and analytics are the factors that reduce the cost of powerful sensors and controllers used in the transportation sector. Furthermore, various tools and software provided by the key market players is used to optimize devices that helps reduce costs and manages the connectivity of devices effectively.

Government Expenditure for Smart Cities and Smart Transportation Systems in Several Developed and Developing Regions

IoT in transportation is an ongoing trend in business intelligence and analytics, owing to the growing acceptance of this acceptance and increasing utilization rate across the globe. However, high costs associated with the implementation of this system across enterprises hamper the market growth. The government of several developed & developing countries has invested and supported IoT usage in the several developed and the developing regions especially Asia-Pacific, North America, and Europe.

Key Benefits

  • In-depth analyses of the global IoT in transportation industry and dynamics are provided to understand the market scenario.
  • Quantitative analyses of the current trends and future estimations from 2017 to 2023 are provided to assist the strategists and stakeholders to capitalize on the prevailing opportunities in the global IoT in transportation market.
  • Porter’s five forces analysis examines the competitive structure of the market and explains about the factors that influence the market entry and expansion in the IoT in transportation market
  • A detailed analysis of geography enables the identification of profitable segments for industry players in the IoT in transportation market
  • Comprehensive analyses of the trends, sub segments, and key revenue pockets are provided in the IoT in transportation market report.
  • Detailed analyses of the key players operating in the global industry and their business strategies are anticipated to assist stakeholders to take informed business decisions.

IoT in Transportation Market Key Segments:

By Component

  • Hardware
  • Software
  • Services

By Mode of Transport

  • Roadways
  • Railways
  • Airways
  • Maritime

By Application

  • Traffic Congestion Control Systems
  • Automotive Telematics
  • Reservation, Toll, & Ticketing Systems
  • Security & Surveillance Systems
  • Remote Monitoring
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • Australia
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

The Key Players Profiled in the Report are:

  • Alcatel-Lucent
  • AT&T Inc.
  • Garmin International Inc.
  • IBM Corp.
  • Denso Corp.
  • Thales Group
  • General Electric
  • Verizon Communications Inc.
  • Cisco Systems, Inc.
  • TomTom N.V.
 

Chapter: 1 INTRODUCTION

1.1. Report description
1.2. Key benefits
1.3. Key market segments
1.4. Research methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO perspective

Chapter: 3 MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five force analysis

3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Degree of competition
3.3.4. Threat of new entrants
3.3.5. Threat of substitutes

3.4. Market player positioning
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Decreased cost of powerful sensors & controllers
3.5.1.2. Extended connectivity and enhanced internet connectivity
3.5.1.3. Growth in information, communication, & technology industry
3.5.1.4. Government Initiatives for Smart Cities

3.5.2. Restraints

3.5.2.1. Threat for data security & privacy
3.5.2.2. Poor transport infrastructure in the developing and underdeveloped nations

3.5.3. Opportunities

3.5.3.1. Growth of cloud based transport infrastructure service providers

Chapter: 4 IOT IN TRANSPORTATION MARKET, BY TYPE

4.1. Overview
4.2. Hardware

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast

4.3. Software

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast

4.4. Services

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast

Chapter: 5 IOT IN TRANSPORTATION MARKET, BY MODE OF TRANSPORT

5.1. Overview
5.2. Roadways

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast

5.3. Railways

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast

5.4. Airways

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast

5.5. Maritime

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast

Chapter: 6 IOT IN TRANSPORTATION MARKET, BY APPLICATION

6.1. Overview
6.2. Traffic congestion control system

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast

6.3. Automotive telematics

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast

6.4. Reservation, toll, & ticketing systems

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast

6.5. Security and surveillance system

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast

6.6. Remote monitoring

6.6.1. Key market trends, growth factors, and opportunities
6.6.2. Market size and forecast

6.7. Others

6.7.1. Key market trends, growth factors, and opportunities
6.7.2. Market size and forecast

Chapter: 7 IOT IN TRANSPORTATION MARKET, BY GEOGRAPHY

7.1. Overview
7.2. North America

7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast

7.2.2.1. U.S.
7.2.2.1. Canada
7.2.2.2. Mexico

7.3. Europe

7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast

7.3.2.1. UK
7.3.2.2. Germany
7.3.2.3. France
7.3.2.4. Italy
7.3.2.5. Rest of Europe

7.4. Asia-Pacific

7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast

7.4.2.1. China
7.4.2.2. Japan
7.4.2.3. South Korea
7.4.2.4. India
7.4.2.5. Rest of Asia-Pacific

7.5. LAMEA

7.5.1. Key Market trends, growth factors & opportunities
7.5.2. Market size and forecast

7.5.2.1. Latin America
7.5.2.1. Middle East
7.5.2.2. Africa

Chapter: 8 COMPANY PROFILES

8.1. ALCATEL-LUCENT

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Business performance
8.1.4. Key strategic moves & developments

8.2. AT & T INC.

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Business performance
8.2.4. Key strategic moves & developments

8.3. GARMIN INTERNATIONAL INC.

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Business performance
8.3.4. Key strategic moves & developments

8.4. IBM CORP

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Business performance
8.4.4. Key strategic moves & developments

8.5. DENSO CORP.

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Business performance
8.5.4. Key strategic moves & developments

8.6. THALES GROUP

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Business performance
8.6.4. Key strategic moves & developments

8.7. GENERAL ELECTRIC

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Business performance
8.7.4. Key strategic moves & developments

8.8. VERIZON COMMUNICATIONS INC.

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Business performance
8.8.4. Key strategic moves & developments

8.9. CISCO SYSTEMS, INC.

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Business performance
8.9.4. Key strategic moves & developments

8.10. TOMTOM N.V.

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Business performance
8.10.4. Key strategic moves & developments

LIST OF TABLES

TABLE 1. IOT IN TRANSPORTATION MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 2. IOT IN TRANSPORTATION MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 3. IOT IN TRANSPORTATION MARKET FOR HARDWARE, BY REGION, 2016-2023 ($MILLION)
TABLE 4. IOT IN TRANSPORTATION MARKET FOR SOFTWARE, BY REGION, 2016-2023 ($MILLION)
TABLE 5. IOT IN TRANSPORTATION MARKET FOR SERVICES, BY REGION, 2016-2023 ($MILLION)
TABLE 6. GLOBAL IOT IN TRANSPORTATION MARKET, BY MODE OF TRANSPORT, 2016-2023($MILLION)
TABLE 7. IOT IN TRANSPORTATION MARKET FOR ROADWAYS BY REGION, 2016-2023($MILLION)
TABLE 8. IOT IN TRANSPORTATION MARKET FOR RAILWAYS BY REGION, 2016-2023($MILLION)
TABLE 9. IOT IN TRANSPORTATION MARKET FOR AIRWAYS BY REGION, 2016-2023($MILLION)
TABLE 10. IOT IN TRANSPORTATION MARKET FOR MARITIME BY REGION, 2016-2023($MILLION)
TABLE 11. GLOBAL IOT IN TRANSPORTATION MARKET, BY APPLICATION, 2016-2023($MILLION)
TABLE 12. IOT IN TRANSPORTATION MARKET FOR TRAFFIC CONGESTION CONTROL SYSTEM BY REGION, 2016-2023($MILLION)
TABLE 13. IOT IN TRANSPORTATION MARKET AUTOMOTIVE TELEMATICS BY REGION, 2016-2023($MILLION)
TABLE 14. IOT IN TRANSPORTATION MARKET FOR RESERVATION, TOLL & TICKETING SYSTEMS BY REGION, 2016-2023($MILLION)
TABLE 15. IOT IN TRANSPORTATION MARKET FOR SECURITY AND SURVEILLANCE SYSTEM BY REGION, 2016-2023($MILLION)
TABLE 16. IOT IN TRANSPORTATION MARKET FOR REMOTE MONITORING BY REGION, 2016-2023($MILLION)
TABLE 17. IOT IN TRANSPORTATION MARKET FOR OTHER APPLICATION BY REGION, 2016-2023($MILLION)
TABLE 18. IOT IN TRANSPORTATION MARKET BY REGION, 2016-2023 ($MILLION)
TABLE 19. NORTH AMERICA IOT IN TRANSPORTATION MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 20. EUROPE IOT IN TRANSPORTATION MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 21. APAC IOT IN TRANSPORTATION MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 22. LAMEA IOT IN TRANSPORTATION MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 23. COMPANY SNAPSHOT: ALCATEL-LUCENT.
TABLE 24. COMPANY SNAPSHOT: AT & T INC.
TABLE 25. COMPANY SNAPSHOT: GARMIN INTERNATIONAL INC.
TABLE 26. COMPANY SNAPSHOT: IBM CORP
TABLE 27. COMPANY SNAPSHOT: DENSO CORP.
TABLE 28. COMPANY SNAPSHOT: THALES GROUP
TABLE 29. COMPANY SNAPSHOT: GENERAL ELECTRIC
TABLE 30. COMPANY SNAPSHOT: VERIZON COMMUNICATIONS INC.
TABLE 31. COMPANY SNAPSHOT: CISCO SYSTEMS, INC.
TABLE 32. COMPANY SNAPSHOT: TOMTOM N.V.

LIST OF FIGURES

FIGURE 1. IOT IN TRANSPORTATION MARKET: MARKET SNAPSHOT
FIGURE 2. GLOBAL IOT IN TRANSPORTATION: MARKET SEGMENTATION
FIGURE 3. TOP INVESTMENT POCKETS 2016
FIGURE 4. MODERATE BARGAINING POWER OF BUYERS
FIGURE 5. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 6. HIGH DEGREE OF COMPETITION
FIGURE 7. HIGH THREAT OF NEW ENTRANTS
FIGURE 8. LOW THREAT OF SUBSTITUTES
FIGURE 9. DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 10. GLOBAL IOT IN TRANSPORTATION MARKET, BY TYPE
FIGURE 11. GLOBAL IOT IN TRANSPORTATION MARKET, BY TYPE, 2016-2023
FIGURE 12. IOT IN TRANSPORTATION MARKET, BY MODE OF TRANSPORT 2016-2023
FIGURE 13. IOT IN TRANSPORTATION MARKET OVERVIEW, BY MODE OF TRANSPORT 2016-2023
FIGURE 14. IOT IN TRANSPORTATION MARKET, BY APPLICATION 2016-2023
FIGURE 15. IOT IN TRANSPORTATION MARKET SHARE, BY REGION (2016)
FIGURE 16. OVERVIEW: NORTH AMERICA IOT IN TRANSPORTATION MARKET
FIGURE 17. U.S. IOT IN TRANSPORTATION MARKET, 2016-2023 ($MILLION)
FIGURE 18. CANADA IOT IN TRANSPORTATION MARKET, 2016-2023 ($MILLION)
FIGURE 19. MEXICO IOT IN TRANSPORTATION MARKET, 2016-2023
FIGURE 20. OVERVIEW: EUROPE IOT IN TRANSPORTATION MARKET
FIGURE 21. UK IOT IN TRANSPORTATION MARKET, 2016-2023 ($MILLION)
FIGURE 22. GERMANY IOT IN TRANSPORTATION MARKET, 2016-2023 ($MILLION)
FIGURE 23. FRANCE IOT IN TRANSPORTATION MARKET, 2016-2023
FIGURE 24. ITALY IOT IN TRANSPORTATION MARKET, 2016-2023
FIGURE 25. REST OF EUROPE IOT IN TRANSPORTATION MARKET, 2016-2023
FIGURE 26. OVERVIEW: ASIA-PACIFIC IOT IN TRANSPORTATION MARKET
FIGURE 27. CHINA IOT IN TRANSPORTATION MARKET, 2016-2023 ($MILLION)
FIGURE 28. JAPAN IOT IN TRANSPORTATION MARKET, 2016-2023
FIGURE 29. SOUTH KOREA IOT IN TRANSPORTATION MARKET, 2016-2023
FIGURE 30. INDIA IOT IN TRANSPORTATION MARKET, 2016-2023
FIGURE 31. REST OF ASIA PACIFIC IOT IN TRANSPORTATION MARKET, 2016-2023
FIGURE 32. LATIN IOT IN TRANSPORTATION MARKET, 2016-2023
FIGURE 33. MIDDLE EAST IOT IN TRANSPORTATION MARKET, 2016-2023
FIGURE 34. AFRICA IOT IN TRANSPORTATION MARKET, 2016-2023
FIGURE 35. ALCATEL-LUCENT.: FINANCIAL PERFORMANCE
FIGURE 36. AT & T INC.: FINANCIAL PERFORMANCE
FIGURE 37. GARMIN INTERNATIONAL INC.: FINANCIAL PERFORMANCE
FIGURE 38. IBM CORP: FINANCIAL PERFORMANCE
FIGURE 39. DENSO CORP.: FINANCIAL PERFORMANCE
FIGURE 40. THALES GROUP: FINANCIAL PERFORMANCE
FIGURE 41. GENERAL ELECTRIC: FINANCIAL PERFORMANCE
FIGURE 42. VERIZON COMMUNICATIONS INC.: FINANCIAL PERFORMANCE
FIGURE 43. CISCO SYSTEMS, INC.: FINANCIAL PERFORMANCE
FIGURE 44. TOMTOM N.V.: FINANCIAL PERFORMANCE

 

Internet of Things (IoT) refers to the network of embedded computing devices, data, and things that are interconnected distinctively in the existing internet infrastructure. Furthermore, it has enabled the web of communicating network between users and machines, and is expected to enhance the capability to control infrastructures such as, smart/intelligent transportation, smart cities, smart grids, smart homes, and others. In addition, high security & standards and other social & economic benefits are offered with the implementation of IoT in the transportation industry.

The global IoT in transportation market is expected to reach $328.76 million by 2023, and is estimated to grow at a significant rate of 13.7% from 2017 to 2023. The market is expected to witness a significant growth, owing to increase in adoption of connected & smart technologies in transportation infrastructure across developing and the developed countries globally.

The global IoT in transportation market is driven by enhanced internet infrastructure, government initiatives for smart cities, and decreased cost of powerful sensors & controllers; growth in information, enhanced connectivity, communication, and technology; and surge in expenditure by the governments of several developed and the developing regions including North America, Europe, and Asia-Pacific.

The hardware segment was the highest revenue contributor to the global market revenue in 2016, while the software segment is anticipated to witness the highest growth rate during the forecast period. North America accounted for the highest revenue share in 2016, followed by Europe. Asia-Pacific is anticipated to witness significant growth during the forecast period.

The key players operating in the global market have adopted various strategies, such as product launches, partnerships, business expansions, promotional activities, and strategic alliances, to create awareness about this technology and increase its adoption across various sectors.

 

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