Smart Transportation Market Share, Size, Global Trends, Forecast Till 2030 – Delvens

The global Smart Transportation Market size is expected to reach USD 377.1 billion and is projected to reach a CAGR of 17.6% from 2023-2030.

The combination of cutting-edge technology and creative solutions to completely transform how we carry people and things is referred to as the "Smart Transportation Market." It includes a broad range of programs and initiatives that seek to improve the effectiveness, security, sustainability, and practicality of transportation networks.

The smart transport market has experienced rapid expansion and is anticipated to do so in the years to come. The necessity for effective transit infrastructure, rapid urbanization, and population increase have been the main factors driving this industry. Demand for intelligent and connected transportation systems that can optimize traffic flow, alleviate congestion, and improve overall mobility is rising as cities become more crowded.