The Smart Transportation Market was valued at USD 121.0 Billion in 2023 and is expected to reach USD 388.0 Billion by 2032, growing at a CAGR of 13.84% from 2024-2032.

The Smart Transportation Market involves the integration of advanced technologies such as IoT, AI, and big data to enhance urban mobility and logistics. Solutions include intelligent traffic management, autonomous vehicles, and connected public transportation systems.

Key drivers include urbanization, environmental concerns, and government initiatives for smart cities. Sectors such as automotive, logistics, and public transportation are significant contributors to the market.

Trends include the adoption of vehicle-to-everything (V2X) communication, shared mobility services, and the integration of renewable energy in transportation infrastructure. The market plays a crucial role in building sustainable and efficient transportation ecosystems.

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