The global smart transportation market attained a value of about USD 188.96 Billion in 2025. The market is further expected to grow at a CAGR of 17.20% during the forecast period of 2026-2035 to reach approximately USD 923.94 Billion by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
17.2%
Value in USD Billion
2026-2035
*this image is indicative*
The global market for smart transportation is being driven by the advancements in technology like the introduction of the Internet of Things (IoT), Artificial Intelligence (AI), and Machine-to-Machine (M2M) connections. Smart transportation infrastructure provides rapid insights by sending real-time updates based on location intelligence and GIS technology about nearby restaurants or hospitals and can provide information on traffic insights, such as estimated time to reach the destination.
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Furthermore, smart transportation system enables safer transportation by combining machine learning with IoT and cellular connectivity like 4G or 5G in autonomous transportation systems, including vehicles and stationary infrastructure like intersections, thus achieving enhanced accuracy and safety, thereby augmenting the market growth of smart transportation. In addition, self-driven vehicles equipped with internet facility, and smart sensors owing to innovations in the automobile industry is aiding the industry growth of smart transportation.
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Smart transportation refers to the integration of modern technology like the Internet of Things (IoT) and advanced management strategies to monitor, evaluate, and manage transportation systems to enhance efficiency and safety.
Market Breakup by Solution
Market Breakup by Service
Market Breakup by Region
The market for smart transportation is anticipated to be invigorated by the emergence of smart cities over the forecast period. With devices being equipped with smart sensors that provide real-time updates on traffic movements to enhance the transportation sector, the smart transportation is predicted to exhibit healthy growth in the coming years. In addition, owing to the rising concerns regarding environmental degradation, governments around the world are making huge investments in sustainable, digital ecosystems, thus further aiding the market growth. The smart transportation systems add to sustainability by providing real time updates on traffics, thus reducing congestion, which, in turn, reduces energy wastage and cleaner air. Furthermore, the growing awareness regarding electronic vehicles owing to the presence of prominent market players is anticipated to further spur the market for smart transportation systems with equipped motion sensors.
In addition, smart transportation is gaining prevalence due to ease in government operations, such as monitoring speed and collecting toll tax, among others, which is propelling the market growth. Speed cameras installed with detectors embedded in the road or radar technology aids in monitoring the speed of vehicles, thereby reducing the risk of road accidents, therefore enhancing its market demand. In addition, owing to the digitisation of monetary services, FASTag services, which allows online collection of toll taxes, is further providing smooth driving solutions, hence augmenting the market growth for smart transportation.
The report presents a detailed analysis of the following key players in the global smart transportation market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
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The global smart transportation market attained a value of nearly USD 188.96 Billion in 2025.
The market is projected to grow at a CAGR of 17.20% in the forecast period of 2026-2035.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach about USD 923.94 Billion by 2035.
The market is being driven by the rising penetration of technologies like the Internet of Things (IoT) and artificial intelligence (AI), and the deployment of analytics in smart transportation.
The key trends of the market include the emergence of smart cities in major countries owing to the investments by various governments and rising concerns regarding environmental degradation.
The major regional markets for smart transportation are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The leading solutions of smart transportation are ticketing management system, parking management system, integrated supervision system, and traffic management system.
The significant services of smart transportation include cloud services, business services, and professional services.
The key players in the global smart transportation market are Accenture PLC, Cisco Systems, Inc., General Electric Company, IBM Corporation, and Alstom SA, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Solution |
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| Breakup by Service |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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