Smart Transportation Market Estimated at $276.65 Billion by 2029
The Smart Transportation Market is projected to rise from USD 129.72 billion in 2024 to USD 276.65 billion by 2029, registering a CAGR of 16.4% over the forecast period.
Smart transportation is a modernization that digitally integrates AI, IoT, 5G as well, and data analytics into the transportation systems to improve the optimality of efficiency, safety, and sustainability over road, rail, air,...
Smart Transportation Market Size Predicted to Hit $248.7 Billion by 2028
The smart transportation market size is projected to grow from USD 122.4 billion in 2023 to USD 248.7 billion by 2028, at a CAGR of 15.2% during the forecast period.
Factors such as developments in IoT technology are expected to drive the growth of the smart transportation market. With the ongoing advancements, smart connectivity and control devices are expected to become highly intelligent...