Smart Transportation Market Analysis, Regional Outlook, Business Landscape 2027
Global Smart Transportation Market - Overview Rapid automation and technical advancements in automotive industry have encouraged the manufacturers to integrate smart technology in their transportation system. Moreover, with the advent of industrialization, the developing economies are observing a shift of employees from rural areas to urban areas. These factors are attributing to the growth of Smart Transportation Market altogether. Smart Transportation System Market is estimated at USD 273 Billion by 2022. Smart-transport is a revolutionary technology. Smart transportation integrates infrastructure and vehicles with communication, control, sensing and detecting technologies to analyse the traffic in real-time thus, mitigating the risks involved in traffic safety. The adoption of smart transportation is also expected to result in reduced vehicle emissions thereby, increasing the efficiency of transportation systems. Over the past few years, countries have witnessed an increase in th