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IoT in Transportation Market Segmentation and Analysis by Recent Trends, Development and Growth by Regions to 2020
The IoT in transportation market is segmented into five major geographic regions, namely North America, Europe, APAC, Middle East, and Africa.
The IoT in transportation market is expected to reach $143.93 billion by 2020 at an estimated CAGR of 8.95% from 2014 to 2020. Africa is the leading region in the overall market, followed by Asia-Pacific (APAC) and the Middle East.
IOT is increasingly demanding more evolved devices from the semiconductor industry, with long lasting battery technologies, low power consumption, and the ability to accurately process and store data at lower costs. The report segments IoT in transportation market into six different segments such as component, products & software services, verticals, solutions, application, and geography.
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Scope of the report:
IoT in Transportation Market By Components
The global IoT market in intelligent transportation systems can be classified into semiconductor and wireless components. The semiconductors components can further be segmented into microcontroller (MCU), digital signal processing (DSP), field programmable gate array (FFGA), memory protection unit (MPU), application specific standard product (AASP), and application specific integrated circuit (ASIC).
IoT in Transportation Market By Products, Software, and Services
The IoT market in intelligent transportation systems, by product type, is classified into the product, software, and service segments. The automotive industry is witnessing a new wave of technological revolution, which accelerates the idea of connected cars. Providing Internet accessibility in cars is imminent as consumers require an array of real-time services, such as on-demand infotainment and traffic navigation, along with safety and security features.
IoT in Transportation Market By Verticals
The report divides the IoT in transportation market into roads, railways, airways, and maritime. Airways and maritime are the fastest-growing verticals. The newly developed airports are well-equipped with the latest technologies and safety measurements.
IoT in Transportation Market By Solutions
The report covers solutions, including traffic, asset, ticketing, supervision, operations, passenger information, and maintenance. The asset tracking solution and maintenance solution are expected to grow the fastest in this segment.
IoT in Transportation Market By Geography
The report covers regions including Europe, APAC, Middle East, and Africa for the IoT in transportation market. A complete quantitative analysis of all the regions has been covered in the report.
The concept of IoT has gone beyond the machine-to-machine (M2M) communication. With technological advancements and our increasing dependence on them in the day-to-day lives, it is evident that the IoT concept has a promising future. With the rate of proliferation of the wireless sensors network, the increasing adoption of emerging technologies and mainstreaming of many smart consumer applications, IoT is on its way to becoming the big thing. Few trends in the technology and application segments are projected to shape the future of IoT. Some of these critical technology trends, which are expected to have a huge impact on the IoT evolution, are big data, cloud computing, IPV6, wireless sensor network proliferation, and faster communication standards such as 4G-LTE and beyond.
The opportunities for IoT in transportation market are extremely high and mainly depend on organizations for adopting technological changes that are ever-increasing. With such a rapid change, it would be possible to have excellent quality of experience as well as better economic opportunities for users, governments, and businesses.
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The report profiles all the prominent companies involved in the field of IoT, such as Garmin International, Ltd. (U.S.), Thales Group (France), TomTom N.V. (The Netherlands), Denso Corp. (Japan), Alcatel-Lucent (France), Sierra Wireless, Inc. (Canada), AT&T, Inc. (U.S), Verizon Communications (U.S.), and Intel Corp. (U.S).
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