IoT in Transportation Market Growth, Trends, Technological Innovation and Forecast to 2023 | Alcatel-Lucent, AT&T, Garmin International, IBM, Denso, Thales Group, General Electric, Verizon Communications, Cisco Systems

IoT in Transportation Market

Internet of Things (IoT) is the internetworking of physical devices and vehicles, providing solutions to various industry verticals such as, automotive, electronics, insurance, manufacturing, and retail. It controls or remotely senses the objects through interconnectivity of devices. It offers various services such as, traffic congestion control system, automotive telematics, and reservation, toll & ticketing systems, security and surveillance system, remote monitoring, and others. It is incorporated in various technologies such as smart homes, smart cities, smart grids, and virtual power plants. IoT is one of the major platforms, which provide applications such as, smart energy management system (SEMS) and smart city. The global IoT in transportation market was valued at $135.35 billion in 2016, and is projected to reach $328.76 billion by 2023, growing at a CAGR of 13.7% from 2017 to 2023.

The global IoT in transportation market has witnessed significant growth in the recent years, and is expected to continue this trend in the near future. Moreover, plummeting cost of connected devices, such as sensors & controllers, assist key players to increase their customer base in the global market. Furthermore, growth in wireless technologies, such as Insteon, Zigbee, and Z-wave, is expected to fuel the market growth. However, data piracy and poor internet infrastructure in the developing and the underdeveloped regions hinder the market growth.

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Key Players of IoT in Transportation Market:
Alcatel-Lucent, AT&T, Garmin International, IBM, Denso, Thales Group, General Electric, Verizon Communications, Cisco Systems, and TomTom N.V.

Global IoT in Transportation Market Analysis to 2023 is a specialized and in-depth study of the IoT in Transportation industry with a focus on the global market trend. The report aims to provide an overview of global IoT in Transportation Market with detailed market segmentation by product/application and geography. IoT in Transportation Market report covers the present and past market scenarios, market development patterns, and is likely to proceed with a continuing development over the forecast period.

The IoT in Transportation Market is segmented on the basis of type of distribution channel, end user, footwear, and geography. Based on distribution channel, it is classified into online platforms, specialty stores, footwear stores, and others. Based on end user, it is bifurcated into women and men. Online platform is expected to gain increased market share, owing to the increase in penetration in terms of internet & smartphones and the growth of the e-commerce industry. Based on footwear, the market is divided into shoes, sandals, and slippers. Geographically, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Production and availability of innovative and new diabetic shoes in the U.S. boost the growth of North America diabetes Footwear Market. Moreover, rise in disposable income in emerging countries, such as China and India, is expected to surge the demand for diabetic shoes in Asia-Pacific.

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Key Benefits:

  1. This study comprises the analytical depiction of the global IoT in Transportation (market along with the current trends and future estimations to depict the imminent investment pockets.
  2. The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
  3. The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  4. Porter's five forces analysis illustrates the potency of the buyers and suppliers.

Table of Contents:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 IoT in Transportation Market, By Type
Chapter 5 IoT in Transportation Market, By Application
Chapter 6 IoT in Transportation Market, By End User
Chapter 7 IoT in Transportation Market, By Geography
Chapter 8 Company Profiles

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Posted by on Tuesday June 11 2019, 5:30 PM EDT. All trademarks acknowledged. Filed under Automotive & Transportation, Featured Press Release, Robotics, Software & Services, Technology Hardware & Equipment, Technology, Media, & Telecommunications, Telecommunication, Transportation. Comments and Trackbacks closed. Follow responses: RSS 2.0

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