Global Smart Roads Market Growth (Status and Outlook) 2025-2031

The global Smart Roads market size is predicted to grow from US$ 13160 million in 2025 to US$ 20420 million in 2031; it is expected to grow at a CAGR of 7.6% from 2025 to 2031.

Smart roads refer to an innovative concept in transportation infrastructure that leverages advanced technologies to enhance safety, efficiency, and sustainability on roadways. These intelligent road systems integrate various cutting-edge features to create a more responsive and adaptable environment for drivers and vehicles. One key element of a smart road is the incorporation of smart sensors and cameras, along with the road network to collect real-time data on traffic flow, weather conditions, and road hazards. This data is then analyzed and processed by intelligent systems, enabling automated traffic management and predictive maintenance. Smart roads often include dynamic lane markings and signage that can adjust according to changing traffic conditions, providing real-time guidance to drivers and optimizing lane usage. Additionally, advanced communication systems enable vehicle-to-infrastructure (V2I) and vehicle-to-vehicle (V2V) connectivity, fostering cooperative driving and collision avoidance. Beyond the immediate benefits to drivers and commuters, smart roads also contribute to sustainability efforts by optimizing energy consumption through smart lighting and utilizing renewable energy sources. By incorporating smart charging infrastructure for electric vehicles, these roads promote eco-friendly transportation alternatives.

Global key players of Smart Roads include Mundys (Yunex Traffic), Swarco Holding, Huawei, Sumitomo Electric, Cisco, etc. The top five players hold a share over 32%. China is the largest market, and has a share about 34%, followed by Europe and Americas with share 31% and 18%, separately. In terms of product type, Hardware is the largest segment, occupied for a share of 63%. In terms of application, Urban Traffic has a share about 52 percent.

LPI (LP Information)' newest research report, the “Smart Roads Industry Forecast” looks at past sales and reviews total world Smart Roads sales in 2024, providing a comprehensive analysis by region and market sector of projected Smart Roads sales for 2025 through 2031. 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 analyses 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.

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:
Software
Hardware

Segmentation by Application:
Urban Traffic
Highway
Bridges and Tunnels
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.
Mundys (Yunex Traffic)
Swarco Holding
Huawei
Sumitomo Electric
Cisco
Kapsch
Nippon Signal
Hisense Transtech
Intel
Almaviva
Q-FREE
IBM
Lianyungang JARI Electronics
MOVYON
Indra Sistemas
LG CNS
Vaisala
Econolite
Alcatel Lucent
Valerann

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