Transportation ICT System Global Key Players Rank and Marke - Maharashtra - Mumbai ID1555038

Transportation ICT system means information and communications technology systems and applications using information, communication, navigation or positioning/localisation technologies, enabling to process, store and exchange the data and information needed to manage infrastructure, mobility and traffic on the trans-European transport network effectively, to report relevant information to authorities and to provide value-added services to citizens, shippers and operators, including systems for resilient, safe, secure, environmentally sound and capacity-efficient use of the network. They include systems, technologies and services referred to in points (r) to (x) and may also include on-board devices with corresponding infrastructure components.

According to the new market research report “Global Transportation ICT System Market Report 2023-2029”, published by QYResearch, the global Transportation ICT System market size is projected to reach USD 102.18 billion by 2029, at a CAGR of 7.1% during the forecast period.

According to QYResearch Top Players Research Center, the global key manufacturers of Transportation ICT System include Cisco, Almaviva, Thales, NEC, Schneider Electric, Fujitsu, Siemens, Hitachi, ABB, Honeywell, etc.

In 2022, the global top 10 players had a share approximately 32.3% in terms of revenue.

Market Drivers: The transportation industry serves both passengers and goods, and the common challenge faced by both is efficiency. The digital transformation of the transportation industry should comprehensively facilitate the convenient and smooth interline transportation of passengers and the efficient and economical multimodal transportation of goods. To achieve more convenient and smooth passenger flow and logistics, more efficient new integrated transportation infrastructure and various digital intelligent applications are needed, combined with the intelligent dispatching of various transportation element resources by the comprehensive transportation "digital brain" to achieve the organic integration of different transportation elements, open up information breakpoints and resource breakpoints end-to-end, and truly realize "travel as a service" and "logistics as a service". This requires continuous driving by technological progress and market growth of information and communication systems for transportation.

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