Transportation system is a network of elements
& physical components that play several roles in the transportation of
persons and goods from one place to another. Transport infrastructure refers as
the foundation that supports our transport system. It includes airports, roads,
railways, and ports. It links persons to health services, jobs, and education
on a regular basis. It enables the supply of goods & services all over the
world. A transport system is a vigorous driver of social & economic growth,
which creates probabilities for both poor and facilitating economies to become
competitive. Local and national government are responsible for the development
of our transport infrastructure.
According to study, “Global
Transportation Infrastructure Market Status (2015-2019) and Forecast
(2020-2024) by Region, Product Type & End-Use” the key companies operating
in the global transportation infrastructure market are Indra Company, GEM
Elettronica, TERMA, AMC Search, Lockheed Martin, Frequentis, Kongsberg, TechnoKontrol,
Shelter, ACS, Bechtel Corporation, Actividades DE Construccin Y Servicios, S.A.
(Spain), CK Hutchison Holdings Limited, VINCI, Balfour Beatty, Kiewit
Corporation, Globalvia Inversiones, Anhui Construction Engineering Group,
Arabian Construction, LAING O'ROURKE, Alstom, Larsen & Toubro Limited. As a
reaction to restricted margins, many players have recently adopted various
modernized and autmated ways to carry out projects, not only in the design
& engineering phase but also in the construction phase.
Based on type, transportation infrastructure
market is segmented into navigational advice & assistance service, traffic
monitoring, traffic organization service (TOS), information service and others.
In addition, based on application, market is segmented into airways, railways,
waterways, roadways and others. Airways include route optimization, air traffic
management and others. Railways include rail traffic management, performance
management and others. Waterways include route optimization, ship monitoring
and others. Additionally, roadways include road traffic management, road safety
management and others. The railways infrastructure segment is estimated to
witness higher growth rate owing to rise in ability of railway logistic
networks to transport materials and persons through huge distances during the
forecast period.
The transportation infrastructure market is
driven by increase in demand due to globalization, followed by growth in
adoption of connected & smart technologies in transportation infrastructure,
rapidly aging transport infrastructure and rapid population growth has led to
growth in traffic. However, fast urbanization along with the changing climate
and lack of sufficient capital or space to build such railways & roads may
impact the market. Moreover, growth in technological innovations &
cross-border collaborations is a key opportunity for market. Furthermore, rise
in demand for autonomous vehicles & smart cars and emergence of green
transport are major trend for market.
Based on geography, the European and
North-American regions dominate the transportation infrastructure market owing
to presence of several manufacturers and increase in disposable income in the
regions. Whereas, the Asian-Pacific region is anticipated to witness higher
growth rate due to rapid population & increase in urbanization and growth
in economy over the forecast period. In near future, it is predicted that the
market will be reached at rapid pace as a result of growth in advancements in
technologies during the forecast period.
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