Comparing 10 vendors in Smart Transportation Startups across 0 criteria.

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Summary

Summary

The global smart transportation market is on a notable growth trajectory, predicted to surge from approximately USD 129.7 billion in 2024 to around USD 276.7 billion by 2029, at a significant compound annual growth rate (CAGR) of 16.4%. This expansion can be attributed to multiple factors, including advancements in technology, an increase in autonomous and connected vehicles, and rising government initiatives for public-private partnerships (PPP) in smart transportation.

Key Market Drivers and Applications:

Key players in this ecosystem include hardware and software providers, as well as integrators of systems that combine multiple technologies to offer comprehensive mobility solutions. The integration of smart city initiatives is viewed as a monumental opportunity, set to drive innovation and growth within the sector.


360Quadrants Evaluation Framework for smart transportation market

The 360 Startup/SMEs evaluation matrix provides a comprehensive company assessment of major start-ups and SMEs offering smart transportation market Quadrant. It outlines key findings and analyzes how effectively each market vendor performs based on predefined competitive leadership mapping criteria. Vendor evaluations are conducted based on product footprint and market share/rank. Each category includes various criteria upon which the vendors are assessed. The top criteria for product footprint evaluation included  transportation mode (roadways, railways, airways, and maritime) and End user (Governments, commercial organizations).

Startups/SME Companies in the smart transportation market

BASSnet: Based in Norway, BASSnet stands as a pivotal player in maritime transport, offering comprehensive fleet management solutions. Their suite includes maintenance, safety, and document management systems that streamline vessel operations and enhance regulatory compliance. With an expansive network, BASSnet serves a diverse geographic clientele across North America, Europe, and Asia Pacific. EKE-Electronics: A Finnish innovator in the smart transportation domain, EKE-Electronics specializes in advanced train systems. Their solutions focus on enhancing rail safety and efficiency through integrated management systems and cutting-edge monitoring technologies. The company's strong export market is a testament to its global influence, providing a significant portion of its revenue. Aitek: An Italian firm known for its technological prowess, Aitek delivers innovative solutions for transport security and efficiency, integrating AI and machine learning into their offerings. Their commitment to cybersecurity and system reliability makes Aitek a trusted partner in the global market.
Table Of Contents
1 INTRODUCTION

    1.1 Study Objectives
    1.2 Market Definition
    1.3 Study Scope

        1.3.1 Market Segmentation
        1.3.2 Inclusion and Exclusion
        1.3.3 Years Considered

    1.4 Currency Considered
    1.5 Stakeholders
    1.6 Summary of Changes


2 MARKET OVERVIEW AND INDUSTRY TRENDS

 2.1 Introduction
 2.2 Market Dynamics
  2.2.1 Drivers
   2.2.1.1 Increasing demand for autonomous and connected vehicles
   2.2.1.2 Technological advancements to enhance customer experience
   2.2.1.3 Growing government initiatives and PPP models for smart transportation
   2.2.1.4 Rising urban population and high demographic rates
  2.2.2 Restraints
   2.2.2.1 Integration challenges for new age and legacy systems
   2.2.2.2 Lack of standardized and uniform technology
   2.2.2.3 Stringent transportation regulatory policies
  2.2.3 Opportunities
   2.2.3.1 Leveraging smart city initiatives for growth in smart transportation
   2.2.3.2 Designing and developing connected vehicles compatible with ITS
   2.2.3.3 Penetration of analytics in smart transportation
   2.2.3.4 Decline in vehicle ownership with advancement of MaaS
  2.2.4 Challenges
   2.2.4.1 Scalability of smart transportation solutions in large cities
   2.2.4.2 High initial cost of deployment
   2.2.4.3 Multiple sensors and touchpoints posing data fusion challenges

 2.3 Evolution of Smart Transportation
 2.4 Ecosystem
 2.5 Market Segmentation Overview
 2.6 Value Chain Analysis
 2.7 Market Sizing Assumptions and Forecast Methodology
 2.8 Regulatory Landscape
 2.9 Technology Analysis
  2.9.1 Key Technologies
   2.9.1.1 Vehicle-to-Everything (V2X)
   2.9.1.2 AI & ML
   2.9.1.3 Autonomous Vehicles
   2.9.1.4 GIS
  2.9.2 Complementary Technologies
   2.9.2.1 5G/6G Connectivity
   2.9.2.2 Digital twin
   2.9.2.3 ADAS
   2.9.2.4 Blockchain
  2.9.3 Adjacent Technologies
   2.9.3.1 Augmented Reality (AR)
   2.9.3.2 Smart sensors & cameras
   2.9.3.3 Robotics

 2.10 Patent Analysis
  2.10.1 Methodology
   2.10.1.1 List of major patents

 2.11 Trade Analysis
  2.11.1 Export Scenario of Electrical Signalling, Safety, or Traffic Control Equipment
  2.11.2 Import Scenario of Electrical Signalling, Safety, or Traffic Control Equipment

 2.12 Porter’s Five Forces Analysis
  2.12.1 Threat of New Entrants
  2.12.2 Threat of Substitutes
  2.12.3 Bargaining Power of Buyers
  2.12.4 Bargaining Power of Suppliers
  2.12.5 Intensity of Competitive Rivalry

 2.13 Trends/Disruptions Impacting Customer Business
 2.14 Strategic Initiatives by Governments and Key Players
 2.15 Key Conferences and Events, 2025–2026
 2.16 Technology Roadmap for Smart Transportation
  2.16.1 Smart Transportation Technology Roadmap Till 2030
   2.16.1.1 Short-term roadmap (2025–2027)
   2.16.1.2 Mid-term roadmap (2027–2029)
   2.16.1.3 Long-term roadmap (2029–2031)

 2.17 Impact of AI/Generative AI on Smart Transportation Market
  2.17.1 Use Cases of Generative Smart Transportation

 2.18 Investment & Funding Scenario


3 COMPETITIVE LANDSCAPE

 3.1 Introduction
 3.2 Key Player Strategies/Right to Win
 3.3 Revenue Analysis
 3.4 Market Share Analysis
 3.5 Market Ranking Analysis
 3.6 Product Benchmarking and Comparison
 3.7 Company Evaluation Matrix: Start-Ups/SMEs, 2024
  3.7.1 Progressive Companies
  3.7.2 Responsive Companies
  3.7.3 Dynamic Companies
  3.7.4 Starting Blocks
  3.7.5 Competitive Benchmarking: Start-Ups/SMEs, 2024
   3.7.5.1 Detailed list of key start-ups/SMEs
   3.7.5.2 Competitive benchmarking of key start-ups/SMEs

 3.8 Competitive Scenarios & Trends
  3.8.1 Product Launches
  3.8.2 Deals

 3.9 Brand/Product Comparison
 3.10 Company Valuation and Financial Metrics of Key Smart Transportation Market Providers



4 COMPANY PROFILES

    4.1 BASSNET

        4.1.1 Business overview
        4.1.2 Products/Solutions/Services offered
        4.1.3 Recent developments

    4.2 EKE-ELECTRONICS

        4.2.1 Business overview
        4.2.2 Products/Solutions/Services offered
        4.2.3 Recent developments

    4.3 AITEK

        4.3.1 Business overview
        4.3.2 Products/Solutions/Services offered
        4.3.3 Recent developments

    4.4 ITERIS

        4.4.1 Business overview
        4.4.2 Products/Solutions/Services offered
        4.4.3 Recent developments

    4.5 INRIX

        4.5.1 Business overview
        4.5.2 Products/Solutions/Services offered
        4.5.3 Recent developments

    4.6 TAGMASTER

        4.6.1 Business overview
        4.6.2 Products/Solutions/Services offered
        4.6.3 Recent developments

    4.7 ATSUKÈ

        4.7.1 Business overview
        4.7.2 Products/Solutions/Services offered
        4.7.3 Recent developments

    4.8 PARK+

        4.8.1 Business overview
        4.8.2 Products/Solutions/Services offered
        4.8.3 Recent developments

    4.9 APPYWAY

        4.9.1 Business overview
        4.9.2 Products/Solutions/Services offered
        4.9.3 Recent developments

    4.10 EFFTRONICS SYSTEMS

        4.10.1 Business overview
        4.10.2 Products/Solutions/Services offered
        4.10.3 Recent developments
 
Company List

Company List +

Company Headquarters Year Founded Holding Type
Aitek Genoa, Italy 1986 Private
Appyway London, UK 2013 Private
Atsuke Paris, France 2012 Private
BASSnet Lysaker, Norway 1997 Private
EKE-Electronics Espoo, Finland 1986 Private
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360 Quadrants

360 Quadrants is a scientific research methodology by MarketsandMarkets to understand market leaders in 6000+ micro markets

360 Quadrants

360 Quadrants is a scientific research methodology by MarketsandMarkets to understand market leaders in 6000+ micro markets

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