The Report Cube which is one of the leading market research company in UAE expects the US Smart Cities Market to grow at a CAGR of around 3.81% through 2032, as highlighted in their latest research report. The study provides an in-depth analysis of the emerging trends shaping the US Smart Cities Market and offers detailed forecasts for its potential growth during 2026–2032. The report also presents a comprehensive assessment of the competitive landscape, including profiles of leading players, their performance metrics, and recent strategic developments. Additionally, it explores the key market drivers, challenges, opportunities, and provides insights into historical and future revenue trends at the global, regional, and country levels.

US Smart Cities Market Overview:

Market Size (2025): USD 162.1 Billion
Market Size (2032): USD 482.21 Billion
CAGR (2026–2032): 3.81%
Top Companies in US Smart Cities Market: International Business Machines Corporation, Itron Inc., KAPSCH Group, US, Ericsson, General Electric, and Honeywell International Inc.

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US Smart Cities Industry Recent News and Developments:

AVEVA Group plc introduced an amalgamated operations center designed for smart cities to manage citywide data on a single interface.

Ericsson declared partnerships with municipalities to deploy 5G-based smart traffic management systems.

Honeywell International Inc. joined hands with cities to deploy smart building management systems.

IBM introduced new urban AI solutions for smart water & waste management.

Huawei Technologies Co., Ltd. extended its Intelligent City Solution in North America with assimilated data platforms.

Oracle Corporation introduced a cloud-native city service platform for assimilated municipal functions.

Key Growth Drivers of the US Smart Cities Market:

Federal and state policies supporting sustainability and urban modernization are key drivers of the US Smart Cities Market. Funding programs and public-private partnerships are also allowing cities to modernize infrastructure and enhance citizen services by utilizing smart technologies.

US Smart Cities Market Segmentation

The market is segmented based on smart transportation, smart utilities, and application areas. In the smart transportation segment, key components include smart ticketing, traffic management systems, passenger information management systems, freight information systems, connected vehicles, and other related solutions. The smart utilities segment comprises advanced metering infrastructure, distribution management systems, substation automation, and additional utility solutions. By application, the market caters to smart utilities, smart governance, smart transportation, smart healthcare, smart buildings, and environmental solutions, reflecting the diverse adoption of smart technologies across multiple sectors.

Market Share, By Smart Transportation

·       Smart Ticketing

·       Traffic Management System

·       Passenger Information Management System

·       Freight Information System

·       Connected Vehicles

·       Others

Market Share, By Smart Utilities

·       Advanced Metering Infrastructure

·       Distribution Management System

·       Substation Automation

·       Others

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Market Share, By Application

·       Smart Utilities

·       Smart Governance

·       Smart Transportation

·       Smart Healthcare

·       Smart Building

·       Environmental Solution

Note:
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