US smart transportation market is projected to grow at a significant CAGR of around 14.8%
during the forecast period (2020-2026). The market for smart transportation in US is
projected to grow at a high rate during the forecast period, backed by the rising government
initiatives for the smart city. US have launched various initiatives for implementing the smart
cities services such as smart home and smart transportation in their countries. For instance,
the US Department of Transportation leveraged around $350 million in public and private
funds for smart city and advanced transportation technologies as a part their smart city
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According, to US Mayors, $10 million in proposed investments and more than $35 million in
new grants to build a research infrastructure for smart city development by the National
Science Foundation and National Institute of Standards and Technology in the North
American region. Almost $70 million in new spending and more than $45 million in proposed
investments was announced by the Department of Homeland Security, the Environmental
Protection Agency and Department of Transportation, Department of Energy, Department of
Commerce to develop new smart city solutions.
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US Smart Transportation Market – Segmentation
By Transportation Mode
Ticketing Management System
Parking Management System
Traffic Management System
Others (Integrated Supervision System)
Advantech Co., Ltd.
Bentley Systems, Inc.
Cisco Systems, Inc.
Conduent Business Services, LLC
Huawei Technologies Co., Ltd.