Smart Transportation Market - Forecast(2021 - 2026)
Smart Transportation Market forecast to reach $128.1 billion by 2025, at a CAGR of 13.1% during 2020-2025. Increase in urban population, various government regulations, growing smart city initiatives assist in developing connected vehicle technologies such as Vehicle-to-Vehicle (V2V) and Vehicle-to-Grid infrastructure (V2I). For instance, Indian government provided a funding of $7.6 billion for the development of smart infrastructure and management services under the smart city initiative program over a five year period from 2016 to 2021. Such investments and initiatives are likely to improve the smart transportation market. Request Sample Report Coverage The report: “Smart Transportation Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Smart transportation Market. By Transportation Mode: Roadways, railways, Airways, maritime By Applications: Traffic Management, Road Safety and Security, Parking By Geography: North America (...