North America IoT Transportation Market – Global Industry Analysis and Forecast (2022-2029)

North America IoT Transportation Market CAGR is expected to be 13.7% during the forecast period and the market size is expected to reach nearly US$ 127.82 Bn by 2029.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

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The North America IoT Transportation Market is segmented by type, mode of transportation, application, and geography. By type, the hardware segment holds one of the largest shares for the North America IoT Transportation Market. It has been seen that the hardware components form a major part of the complete automotive industry. The hardware components are being implemented within the automotive design for working on its features and its level of services. IoT has been a welcome change for managing especially the time related constraints and has been very crucial for modifying the automotive industry as a whole.

North America IoT Transportation Market forms one of the most evolving areas for IoT growth in North America which forms a manufacturing hub for the automotive industries. The Internet of Things or IoT is primarily transforming the transportation industry. The next generation of intelligent transportation systems will optimize the movement of people and goods, improving economics, public safety, and the environment. The next wave of intelligent transportation systems are working on gathering, analysing, as well as acting upon massive volumes of data in an extremely efficient and reliable manner. It helps in addressing stringent IoT performance demands that are quick and cost-effective along with the smart transportation systems architecture or the solution components.

With the rate of production of the wireless sensors network, there is an increase in adoption of emerging technologies and mainstreaming of various smart consumer applications making IoT forming the next biggest thing. Recent trends in the technology or the application segments are expected to shape the complete future of IoT.
In North America, countries such as the U.S. and Canada have worked on to become some of the highest contributors to the overall growth of the IoT transportation market. The technological improvements along with overall advancements in the automotive sector have been some of the key factors that have boosted the North America IoT Transportation Market.

Key players operated in market includes Garmin International, Thales Group, Tom-tom N.V., Nuance Communication, Denso Corp., Alcatel-Lucent, AT&T, Inc., Verizon Communications, Sierra Wireless, Inc., IBM Corporation, Cisco Systems, Inc., General Electric, Veniam, Terbine, LimeBike, Borderless.

The objective of the report is to present comprehensive North America IoT Transportation Market  including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding North America IoT Transportation Market  North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the North America IoT Transportation Market  North America for Asia Pacific   size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the North America IoT Transportation Market  North America for Asia Pacific make the report investor’s guide.
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Global North America IOT Transportation Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 45.76 Bn.


Forecast Period 2022 to 2029 CAGR:
13.7%
Market Size in 2029:
US $ 127.82 Bn.


 Segments Covered:
by Transportation Mode
• Roadways
• Railways
• Airways
• Maritime


by Type
• Hardware
• Software
• Services


by Application
• Automotive telematics
• Reservation, toll, & ticketing systems
• Security & surveillance system
• Remote monitoring
• Others



North America IoT Transportation Market by Region:
• US
• Canada
Key players operated in North America IoT Transportation Market:
• Garmin International
• Thales Group
• Tom-tom N.V.
• Nuance Communication
• Denso Corp.
• Alcatel-Lucent
• AT&T, Inc.
• Verizon Communications
• Sierra Wireless, Inc.
• IBM Corporation
• Cisco Systems, Inc.
• General Electric
• Veniam
• Terbine
• LimeBike
• Borderless.
Frequently Asked Questions:
1] What segments are covered in Global North america iot transportation Market report?
Ans. The Market report are based on transportation mode, Type and application

2] Which region is expected to hold the highest share in the global Market?
Ans. North America is expected to hold the highest share in the global Market.

3] What is the market size of global  Market by 2029?
Ans. The market size of global  Market is expected to reach US $ 127.82 Bn. by 2029.

4] What was the market size of global Market in 2021?
Ans. The market size of global Market in 2021 was US $ 45.76 Bn.