Smart Transportation Market Analysis, Size, Share, Growth, Trends, and Forecasts by 2031
Global smart transportation market was valued at $ 103.4 billion in 2022 and is likely to reach $ 256.1 billion by 2032, registering a CAGR of 9.3% over the forecast period of 2023-2032. Smart transportation refers to the integration of advanced technologies and innovative strategies to optimize the efficiency, safety, and sustainability of transportation systems. It encompasses a range of solutions including intelligent infrastructure, data-driven analytics, connected vehicles, and mobility services. By leveraging real-time data and communication networks, smart transportation aims to alleviate traffic congestion, reduce emissions, enhance passenger experiences, and improve overall transportation operations