Internet of Things (IoT) in Transportation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Internet of Things (IoT) in Transportation Market covers analysis by Component (Hardware, Software, and Service); Vertical (Airways, Railways, Roadways, and Maritime); Application (Asset Utilization, Fleet Management, Transit Management, Inventory Management, and Geo-Fencing);, and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00003026
  • Category : Technology, Media and Telecommunications
  • Status : Upcoming
  • No. of Pages : 150
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Transportation is one of the major industry witnessing the deployment of Internet of Things (IoT). The transportation industry is facing a critical challenge related to the transfer of passengers and cargos safely and efficiently. This has created a need for companies to access real-time data to determine how to enhance operational efficiency as well as performance. Internet of Things (IoT) in the transportation market is propelled by several factors including, decreasing cost of sensors & controllers, increasing internet penetration, and smart city impetus by government among others.

The "Global Internet of Things (IoT) in Transportation Market Analysis to 2028" is a specialized and in-depth study of the Internet of Things (IoT) in transportation industry with a focus on the global internet of things (IoT) in transportation market trend. The report aims to provide an overview of the global internet of things (IoT) in transportation market with detailed market segmentation by component, vertical, application and geography. The global internet of things (IoT) in transportation market is expected to witness high growth during the forecast period. The report includes key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

The internet of things (IoT) in transportation market research report offers a detailed overview of the industry including both qualitative and quantitative information. It also provides market size and forecast till 2028 for overall internet of things (IoT) in transportation market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Besides this, the report analyzes factors affecting internet of things (IoT) in transportation market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the global internet of things (IoT) in Transportation market report. Further, the report also includes ecosystem analysis for the internet of things (IoT) in transportation market.

Also, key internet of things (IoT) in transportation market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information for the last 3 years, and key developments in the past five years. Some of the key players influencing the internet of things (IoT) in Transportation market are IBM Corporation, AT&T, Inc., Thales Group, Verizon Communications, Tomtom N.V., Cisco Systems, Inc., General Electric, Garmin International, Alcatel-Lucent (Nokia), and Denso Corp. among others. REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

TABLE OF CONTENTS 1. INTRODUCTION 1.1. SCOPE OF THE STUDY 1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 1.3. MARKET SEGMENTATION o Internet of Things (IoT) in Transportation Market - By Component o Internet of Things (IoT) in Transportation Market - By Vertical o Internet of Things (IoT) in Transportation Market - By Application o Internet of Things (IoT) in Transportation Market - By Region - By Country 2. KEY TAKEAWAYS 3. RESEARCH METHODOLOGY 4. INTERNET OF THINGS (IOT) IN TRANSPORTATION MARKET LANDSCAPE 4.1. OVERVIEW 4.2. ECOSYSTEM ANALYSIS 4.3. PEST ANALYSIS 4.3.1. North America - PEST Analysis 4.3.2. Europe - PEST Analysis 4.3.3. Asia Pacific (APAC) - PEST Analysis 4.3.4. Middle East & Africa (MEA) - PEST Analysis 4.3.5. South America (SAM)- PEST Analysis 5. INTERNET OF THINGS (IOT) IN TRANSPORTATION MARKET - KEY INDUSTRY DYNAMICS 5.1. KEY MARKET DRIVERS 5.2. KEY MARKET RESTRAINTS 5.3. KEY MARKET OPPORTUNITIES 5.4. FUTURE TRENDS 5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC 6. INTERNET OF THINGS (IOT) IN TRANSPORTATION MARKET - GLOBAL MARKET ANALYSIS 6.1. INTERNET OF THINGS (IOT) IN TRANSPORTATION- GLOBAL MARKET OVERVIEW 6.2. INTERNET OF THINGS (IOT) IN TRANSPORTATION- GLOBAL MARKET AND FORECAST TO 2028 6.3. MARKET POSITIONING/ MARKET SHARE 7. INTERNET OF THINGS (IOT) IN TRANSPORTATION MARKET REVENUE AND FORECASTS TO 2028 - COMPONENT 7.1. OVERVIEW 7.2. COMPONENT MARKET FORECASTS AND ANALYSIS 7.3. HARDWARE 7.3.1. Overview 7.3.2. Hardware Market Forecast and Analysis 7.4. SOFTWARE 7.4.1. Overview 7.4.2. Software Market Forecast and Analysis 7.5. SERVICE 7.5.1. Overview 7.5.2. Service Market Forecast and Analysis 8. INTERNET OF THINGS (IOT) IN TRANSPORTATION MARKET REVENUE AND FORECASTS TO 2028 - VERTICAL 8.1. OVERVIEW 8.2. VERTICAL MARKET FORECASTS AND ANALYSIS 8.3. AIRWAYS 8.3.1. Overview 8.3.2. Airways Market Forecast and Analysis 8.4. RAILWAYS 8.4.1. Overview 8.4.2. Railways Market Forecast and Analysis 8.5. ROADWAYS 8.5.1. Overview 8.5.2. Roadways Market Forecast and Analysis 8.6. MARITIME 8.6.1. Overview 8.6.2. Maritime Market Forecast and Analysis 9. INTERNET OF THINGS (IOT) IN TRANSPORTATION MARKET REVENUE AND FORECASTS TO 2028 - APPLICATION 9.1. OVERVIEW 9.2. APPLICATION MARKET FORECASTS AND ANALYSIS 9.3. ASSET UTILIZATION 9.3.1. Overview 9.3.2. Asset Utilization Market Forecast and Analysis 9.4. FLEET MANAGEMENT 9.4.1. Overview 9.4.2. Fleet Management Market Forecast and Analysis 9.5. TRANSIT MANAGEMENT 9.5.1. Overview 9.5.2. Transit Management Market Forecast and Analysis 9.6. INVENTORY MANAGEMENT 9.6.1. Overview 9.6.2. Inventory Management Market Forecast and Analysis 9.7. GEO-FENCING 9.7.1. Overview 9.7.2. Geo-Fencing Market Forecast and Analysis 9.8. OTHERS 9.8.1. Overview 9.8.2. Others Market Forecast and Analysis 10. INTERNET OF THINGS (IOT) IN TRANSPORTATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS 10.1. NORTH AMERICA 10.1.1. North America Internet of Things (IoT) in Transportation Market Overview 10.1.2. North America Internet of Things (IoT) in Transportation Market Forecasts and Analysis 10.1.3. North America Market Forecasts and Analysis - By Component 10.1.4. North America Market Forecasts and Analysis - By Vertical 10.1.5. North America Market Forecasts and Analysis - By Application 10.1.6. North America Market Forecasts and Analysis - By Countries 10.1.6.1. US market 10.1.6.1.1. US Market by Component 10.1.6.1.2. US Market by Vertical 10.1.6.1.3. US Market by Application 10.1.6.2. Canada market 10.1.6.2.1. Canada Market by Component 10.1.6.2.2. Canada Market by Vertical 10.1.6.2.3. Canada Market by Application 10.1.6.3. Mexico market 10.1.6.3.1. Mexico Market by Component 10.1.6.3.2. Mexico Market by Vertical 10.1.6.3.3. Mexico Market by Application 10.2. EUROPE 10.2.1. Europe Internet of Things (IoT) in Transportation Market Overview 10.2.2. Europe Internet of Things (IoT) in Transportation Market Forecasts and Analysis 10.2.3. Europe Market Forecasts and Analysis - By Component 10.2.4. Europe Market Forecasts and Analysis - By Vertical 10.2.5. Europe Market Forecasts and Analysis - By Application 10.2.6. Europe Market Forecasts and Analysis - By Countries 10.2.6.1. France market 10.2.6.1.1. France Market by Component 10.2.6.1.2. France Market by Vertical 10.2.6.1.3. France Market by Application 10.2.6.2. Germany market 10.2.6.2.1. Germany Market by Component 10.2.6.2.2. Germany Market by Vertical 10.2.6.2.3. Germany Market by Application 10.2.6.3. Italy market 10.2.6.3.1. Italy Market by Component 10.2.6.3.2. Italy Market by Vertical 10.2.6.3.3. Italy Market by Application 10.2.6.4. Russia market 10.2.6.4.1. Russia Market by Component 10.2.6.4.2. Russia Market by Vertical 10.2.6.4.3. Russia Market by Application 10.2.6.5. UK market 10.2.6.5.1. UK Market by Component 10.2.6.5.2. UK Market by Vertical 10.2.6.5.3. UK Market by Application 10.2.6.6. Rest of Europe market 10.2.6.6.1. Rest of Europe Market by Component 10.2.6.6.2. Rest of Europe Market by Vertical 10.2.6.6.3. Rest of Europe Market by Application 10.3. ASIA PACIFIC (APAC) 10.3.1. Asia Pacific Internet of Things (IoT) in Transportation Market Overview 10.3.2. Asia Pacific Internet of Things (IoT) in Transportation Market Forecasts and Analysis 10.3.3. Asia Pacific Market Forecasts and Analysis - By Component 10.3.4. Asia Pacific Market Forecasts and Analysis - By Vertical 10.3.5. Asia Pacific Market Forecasts and Analysis - By Application 10.3.6. Asia Pacific Market Forecasts and Analysis - By Countries 10.3.6.1. South Korea 10.3.6.1.1. South Korea Market by Component 10.3.6.1.2. South Korea Market by Vertical 10.3.6.1.3. South Korea Market by Application 10.3.6.2. China market 10.3.6.2.1. China Market by Component 10.3.6.2.2. China Market by Vertical 10.3.6.2.3. China Market by Application 10.3.6.3. India market 10.3.6.3.1. India Market by Component 10.3.6.3.2. India Market by Vertical 10.3.6.3.3. India Market by Application 10.3.6.4. Japan market 10.3.6.4.1. Japan Market by Component 10.3.6.4.2. Japan Market by Vertical 10.3.6.4.3. Japan Market by Application 10.3.6.5. Australia market 10.3.6.5.1. Australia Market by Component 10.3.6.5.2. Australia Market by Vertical 10.3.6.5.3. Australia Market by Application 10.3.6.6. Rest of APAC market 10.3.6.6.1. Rest of APAC Market by Component 10.3.6.6.2. Rest of APAC Market by Vertical 10.3.6.6.3. Rest of APAC Market by Application 10.4. MIDDLE EAST AND AFRICA (MEA) 10.4.1. Middle East and Africa Internet of Things (IoT) in Transportation Market Overview 10.4.2. Middle East and Africa Internet of Things (IoT) in Transportation Market Forecasts and Analysis 10.4.3. Middle East and Africa Market Forecasts and Analysis - By Component 10.4.4. Middle East and Africa Market Forecasts and Analysis - By Vertical 10.4.5. Middle East and Africa Market Forecasts and Analysis - By Application 10.4.6. Middle East and Africa Market Forecasts and Analysis - By Countries 10.4.6.1. South Africa market 10.4.6.1.1. South Africa Market by Component 10.4.6.1.2. South Africa Market by Vertical 10.4.6.1.3. South Africa Market by Application 10.4.6.2. Saudi Arabia market 10.4.6.2.1. Saudi Arabia Market by Component 10.4.6.2.2. Saudi Arabia Market by Vertical 10.4.6.2.3. Saudi Arabia Market by Application 10.4.6.3. UAE market 10.4.6.3.1. UAE Market by Component 10.4.6.3.2. UAE Market by Vertical 10.4.6.3.3. UAE Market by Application 10.4.6.4. Rest of MEA market 10.4.6.4.1. Rest of MEA Market by Component 10.4.6.4.2. Rest of MEA Market by Vertical 10.4.6.4.3. Rest of MEA Market by Application 10.5. SOUTH AMERICA (SAM) 10.5.1. South America Internet of Things (IoT) in Transportation Market Overview 10.5.2. South America Internet of Things (IoT) in Transportation Market Forecasts and Analysis 10.5.3. South America Market Forecasts and Analysis - By Component 10.5.4. South America Market Forecasts and Analysis - By Vertical 10.5.5. South America Market Forecasts and Analysis - By Application 10.5.6. South America Market Forecasts and Analysis - By Countries 10.5.6.1. Brazil market 10.5.6.1.1. Brazil Market by Component 10.5.6.1.2. Brazil Market by Vertical 10.5.6.1.3. Brazil Market by Application 10.5.6.2. Argentina market 10.5.6.2.1. Argentina Market by Component 10.5.6.2.2. Argentina Market by Vertical 10.5.6.2.3. Argentina Market by Application 10.5.6.3. Rest of SAM market 10.5.6.3.1. Rest of SAM Market by Component 10.5.6.3.2. Rest of SAM Market by Vertical 10.5.6.3.3. Rest of SAM Market by Application 11. INDUSTRY LANDSCAPE 11.1. MERGERS & ACQUISITIONS 11.2. MARKET INITIATIVES 11.3. NEW DEVELOPMENTS 12. INTERNET OF THINGS (IOT) IN TRANSPORTATION MARKET, KEY COMPANY PROFILES 12.1. ALCATEL-LUCENT (NOKIA) 12.1.1. Key Facts 12.1.2. Business Description 12.1.3. Products & Services 12.1.4. Financial Overview 12.1.5. SWOT Analysis 12.1.6. Key Developments 12.2. AT&T, INC. 12.2.1. Key Facts 12.2.2. Business Description 12.2.3. Products & Services 12.2.4. Financial Overview 12.2.5. SWOT Analysis 12.2.6. Key Developments 12.3. CISCO SYSTEMS, INC. 12.3.1. Key Facts 12.3.2. Business Description 12.3.3. Products & Services 12.3.4. Financial Overview 12.3.5. SWOT Analysis 12.3.6. Key Developments 12.4. DENSO CORP. 12.4.1. Key Facts 12.4.2. Business Description 12.4.3. Products & Services 12.4.4. Financial Overview 12.4.5. SWOT Analysis 12.4.6. Key Developments 12.5. GARMIN INTERNATIONAL 12.5.1. Key Facts 12.5.2. Business Description 12.5.3. Products & Services 12.5.4. Financial Overview 12.5.5. SWOT Analysis 12.5.6. Key Developments 12.6. GENERAL ELECTRIC 12.6.1. Key Facts 12.6.2. Business Description 12.6.3. Products & Services 12.6.4. Financial Overview 12.6.5. SWOT Analysis 12.6.6. Key Developments 12.7. IBM CORPORATION 12.7.1. Key Facts 12.7.2. Business Description 12.7.3. Products & Services 12.7.4. Financial Overview 12.7.5. SWOT Analysis 12.7.6. Key Developments 12.8. THALES GROUP 12.8.1. Key Facts 12.8.2. Business Description 12.8.3. Products & Services 12.8.4. Financial Overview 12.8.5. SWOT Analysis 12.8.6. Key Developments 12.9. TOMTOM N.V. 12.9.1. Key Facts 12.9.2. Business Description 12.9.3. Products & Services 12.9.4. Financial Overview 12.9.5. SWOT Analysis 12.9.6. Key Developments 12.10. VERIZON COMMUNICATIONS 12.10.1. Key Facts 12.10.2. Business Description 12.10.3. Products & Services 12.10.4. Financial Overview 12.10.5. SWOT Analysis 12.10.6. Key Developments 13. APPENDIX 13.1. ABOUT THE INSIGHT PARTNERS 13.2. GLOSSARY OF TERMS
The List of Companies

1. Alcatel-Lucent (Nokia)
2. AT&T, Inc.
3. Cisco Systems, Inc.
4. Denso Corp.
5. Garmin International
6. General Electric
7. IBM Corporation
8. Thales Group
9. Tomtom N.V.
10. Verizon Communications

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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