Mexico Smart Transportation Market Research Report, 2029

The smart transportation market in Mexico encompasses a wide range of technologies and solutions aimed at improving the efficiency, safety, and sustainability of transportation systems. These include intelligent transportation systems (ITS), connected vehicles, electric vehicles (EVs), autonomous vehicles (AVs), and mobility-as-a-service (MaaS) platform. The Mexican smart transportation market is relatively young, with its initial development taking place around the 2010s. Early adopters focused on traffic management solutions like adaptive traffic lights and intelligent transportation systems (ITS) in major cities like Mexico City and Guadalajara. Subsequently, the market expanded to include public transportation ticketing systems, parking management solutions, and connected vehicle technologies. According to the research report "Mexico Smart Transportation Market Research Report, 2029," published by Actual Market Research, the Mexican Smart Transportation market is market is expected to reach market size of more than USD 1 Billion by 2029. Drivers for the growth of the Mexican smart transportation market include government initiatives such as the National Connectivity Plan and Sustainable Mobility Strategy, along with private sector investments by leading technology firms and transportation operators aiming to enhance efficiency and competitiveness. The increasing demand for connectivity, driven by rising smartphone usage and mobile data consumption, is also propelling the adoption of connected vehicle technologies and mobile transportation applications. Additionally, safety concerns stemming from growing traffic accidents are prompting the uptake of smart solutions to improve road safety. However, despite the positive trajectory, the market faces challenges such as aging infrastructure and limited investment, data privacy apprehensions, funding constraints at governmental levels, shortages of technical expertise, and difficulties in integrating diverse smart solutions across various transportation modes and stakeholders.

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Under solution-based categorization, Traffic Management Systems (TMS) stand out due to the escalating traffic congestion in major cities like Mexico City, with AI-powered traffic prediction and dynamic route optimization gaining momentum. Ticketing Management Systems (TMS) emphasize integration with contactless payment systems and mobile apps to enhance user adoption, particularly with the growth of open-loop ticketing systems for intermodal travel. The Parking Management and Guidance System (PMGS) sector witness a surge in sensor-based availability detection and online booking platforms, primarily in urban settings. Integrated Supervision Systems (ISS) amalgamate video surveillance, data analytics, and communication platforms, garnering interest from governmental bodies and public transportation authorities for safety and security monitoring. Transportation mode-wise, the dominance of the Roadway sector is attributed to Mexico's extensive road network and high car ownership, with technologies like connected cars and intelligent traffic lights being rapidly embraced. Railway investments in high-speed rail and modernization projects pave the way for advanced ticketing systems and asset management solutions. Airport modernization initiatives drive opportunities in the Airway sector, while Port automation solutions gain traction in the Maritime segment due to increasing cargo volumes. In terms of services, the Business segment caters to larger transportation entities and governmental agencies, offering comprehensive solutions with customization and integration capabilities, whereas the Professional segment targets smaller businesses and startups with cost-effective, modular solutions, with cloud-based offerings gaining popularity across both segments. Application-wise, Mobility as a Service (MaaS) platforms integrating various transportation modes are on the rise, alongside the necessity for real-time traffic updates, navigation apps, and multi-modal journey planning for efficient travel. Smart ticketing and integrated payment solutions are transforming public transportation experiences, while improving passenger flow and efficiency at transit hubs remains pivotal. Connected cars continue to shape market growth with safety features, infotainment systems, and autonomous driving technologies, albeit facing regulatory hurdles. The adoption of video analytics for security, traffic monitoring, and incident detection is also increasing, alongside emerging areas such as environmental impact solutions, predictive maintenance analytics, cybersecurity, and innovative financing models.

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Kripa Shah

Senior Analyst

In Mexico's smart transportation market, the policy framework is robust and multifaceted. The National Mobility Plan 2040 (PIMT) emphasizes connectivity, sustainability, and safety, while the General Law on Sustainable Mobility and Urban Development (LGMTSUD) mandates collaboration across government levels. Sectoral regulations, such as NOM-190-SCT-2 and NOM-180-SCT-1-2015, set standards for connected vehicles and intelligent transportation systems. Certification from the Federal Telecommunications Institute (IFT) is required for telecommunications equipment, while the General Data Protection Law (LGPD) governs data privacy. The National Cybersecurity Strategy ensures cybersecurity measures for critical infrastructure, including transportation. Despite a lack of specific regulations for autonomous vehicles, controlled testing is permitted with SCT authorization. The future of the smart transportation market in Mexico looks promising, with continued investments in infrastructure, supportive government policies, and technological advancements driving growth. Key trends shaping the future of the market include the rise of EVs and AVs, the integration of MaaS platforms, and the development of smart city initiatives.

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