US Smart Cities Market Statistics:

Market Size in 2025: USD 162.1 billion

Market Size in 2032:  USD 482.21 billion

Market Growth Rate 2026-2032: CAGR 3.81% 
According to The Report Cube’s latest research study US Smart Cities Market is anticipated to register a CAGR of around 3.81% during the forecast period, i.e., 2026–32. The market was valued at nearly USD 162.1 billion in 2025 and is projected to reach USD 482.21 billion in 2032.

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US Smart Cities Market Drivers:

·       Driver: Increasing Government-Led Smart Infrastructure Initiatives Elevate the Market Growth

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.

According to the report, prominent players operating in the market include:

·       International Business Machines Corporation

·       Itron Inc.

·       KAPSCH Group

·       US

·       Ericsson

·       General Electric

·       Honeywell International Inc.

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Key Market Segmentation

o   Market Share, By Smart Transportation

o   Smart Ticketing

o   Traffic Management System

o   Passenger Information Management System

o   Freight Information System

o   Connected Vehicles

o   Others

o   Market Share, By Smart Utilities

o   Advanced Metering Infrastructure

o   Distribution Management System

o   Substation Automation

o   Others

o   Market Share, By Application

o   Smart Utilities

o   Smart Governance

o   Smart Transportation

o   Smart Healthcare

o   Smart Building

o   Environmental Solution

Recent News and Developments in US Smart Cities Market

• 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.

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