IoT in Transportation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global IoT in Transportation Industry is Segmented by Type (Hardware, Software, Services), Mode of Transport (Roadways, Railways, Airways), Application (Traffic congestion control system, Automotive Telematics, Reservation, Toll and Ticketing systems), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value in USD million for all the above segments.

IoT in Transportation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

IoT in Transportation Industry Overview

The IoT in the transportation market is highly fragmented, owing to the presence of various global and local industry players. The market players of the industry are viewing strategic partnerships and acquisition as a lucrative path towards expansion as it helps them to leverage the strengths and skills of the other companies in the market and enhance their market presence through strategic collaboration. Recent developments in the market are -

  • January 2020 - Verizon announced that it has partnered with Audi America., to deliver advanced connectivity and embedded in-vehicle connectivity solutions. Reportedly, these solutions enable Audi's connected vehicle service (launching in 2020) are expected to be initially featured in Audi A4 and A5 model lines.
  • November 2019 - AT&T announced a collaboration with Nokia to delivering Munich-based innovation studio to support the growing global adoption of current and next-generation Internet of Things (IoT) solutions. This partnership will enable AT&T to help solve business problems associated with IoT solutions such as asset tracking and help it capture the European ecosystem.

IoT in Transportation Market Leaders

  1. Alcatel-Lucent

  2. AT & T Inc.

  3. Garmin International Inc.

  4. IBM Corporation

  5. Denso Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Alcatel-Lucent, AT & T Inc, Garmin International Inc, IBM Corporation, Denso Corporation.