TRANSPORT MONITORING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Transport Monitoring Market, By Component (Hardware, Software, and Services), By Transportation Mode (Roadways, Railways, Airways, Maritime, Pipeline, and Others), By Application (Advanced Traffic Management, Fleet Monitoring, Intelligent Transport System, and Others), By End User (Automotive Manufacturers, Transport Authorities, Insurers, Fleet Operators, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Transport Monitoring Market Regional Insights:

North America is expected to be the largest market for transport monitoring market during the forecast period, accounting for over 42% of the market share in 2023. The growth of the market in North America is due to early adoption of advanced technologies and presence of leading tech companies.
Europe market is expected to be the second-largest market for transport monitoring market, accounting for over 32% of the market share in 2023. The growth of the market in Europe is due to rapidly expanding transportation sector and government initiatives for smart cities.
Asia Pacific market is expected to be the fastest-growing market for transport monitoring market, with a CAGR of over 12% during the forecast period. The growth of the market in Asia Pacific is due to investments in transportation infrastructure and adoption of latest technologies.