Global Smart Roads Market Growth (Status and Outlook) 2024-2030

Global Smart Roads Market Growth (Status and Outlook) 2024-2030

Smart roads guide the drivers of vehicles against any object that is in front of the vehicle, which the driver is not able to see. The sensors deployed give signals to the vehicle about any possible incident that could happen and the damage that might occur to the vehicle and to the driver.

The global Smart Roads market size is projected to grow from US$ 1028.6 million in 2023 to US$ 3690.3 million in 2030; it is expected to grow at a CAGR of 20.0% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Smart Roads Industry Forecast” looks at past sales and reviews total world Smart Roads sales in 2023, providing a comprehensive analysis by region and market sector of projected Smart Roads sales for 2024 through 2030. With Smart Roads sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Roads industry.

This Insight Report provides a comprehensive analysis of the global Smart Roads landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Roads portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Roads market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Roads and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Roads.

Among the regions, North America is leading the global smart road market due to the technological advancement. Highly advanced countries in the field of technology such as the U.S. and Canada comprised of many players that are manufacturing smart road equipment. These countries pay high attention to the road safety and as a result creating a wide opportunity for enterprises plying in the smart road market.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Roads market by product type, application, key players and key regions and countries.

Segmentation by type
Transportation and Communication System
Traffic Management System
Others

Segmentation by application
Urban Traffic
Highway
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Indra Sistemas
IBM
Swarco Holding
Alcatel Lucent
Kapsch
LG CNS
Siemens
Cisco Systems
Schneider Electric
Xerox
Huawei

Please note: The report will take approximately 2 business days to prepare and deliver.