Smart Transportation Market Size, Growth & Forecast Report 2025-2032

The global smart transportation market size was valued at USD 128.43 billion in 2024 and is projected to grow from USD 146.55 billion in 2025 to USD 419.81 billion by 2032, exhibiting a strong CAGR of 16.22% during the forecast period. This growth is fueled by increasing urbanization, rising investments in intelligent infrastructure, government support for sustainable mobility, and advancements in Internet of Things (IoT), artificial intelligence (AI), and big data analytics.