Smart Transportation Market Value Projected to Expand
by 2018-2026
Smart Transportation Market study provides key insights about market
drivers, restraints, opportunities, new product launches or approval,
regional outlook, and competitive strategies adopted by the leading
players.
Smart transportation system are efficient and sustainable intermodal transport systems and
infrastructure that can deliver high level of intelligence and performance. Smart transportation
system includes use of advanced technologies such as electronics, computers, information and
telecommunication, and advanced sensors to provide information to consumers in order to
improve safety and efficiency of the transportation system. Smart transportation system are
increasingly being adopted in order to reduce congestion, improve traffic management, and
reduce environmental impact of greenhouse gasses emitted by vehicles.
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These systems have a range of applications in transportation such as electronic toll collection,
ramp meters, traffic light cameras, traffic-signal coordination, transit signal priority, and
traveler-information systems. These are also used in fleet monitoring, tolling management,
ticket management, telematics and traffic monitoring. Smart transportation systems aids in
improving safety and security and offers real-time information related to traffic and routes and
this one of the major drivers for growth of the market.