Global Smart Roads Market Size & Share to 2027
Global Smart Roads Market Size, Trends & Growth Opportunity By Technology (Automatic Number Plate Recognition, Wireless Radio Communication, Lane Warning/Keeping systems), By Sensors (Strain Gauges, Weigh-in-motion-devices, Temperature Sensors, and Anemometers), By Deployment (On-Premise, and Cloud), By Traffic Management system, , and By Region and Forecast till 2027
Global Smart Roads Market
The smart road is the type of advanced technology which guides the drivers of vehicles against any object which is in front of the vehicle. These roads help to reduce the vehicle emissions by identifying best and shortest route for any vehicle to reach its destination. The smart roads are developed with an aim to decrease the growing traffic.
Market Drivers
The rise in heavy traffic congestion, global traffic mark is the key driving factor which expected to boost the global smart roads market growth. Furthermore, the rise in technological advancements will positively influence the market growth. Also, the increase in government initiatives to manage traffic related problems is anticipated to propel the global smart roads market growth. The increase in use of automated vehicles in developed regions which is anticipated to support the market growth during this forecast timeline. In addition, the growing demand for electrically connected smart roads will add new opportunities for this market over the forecast period.
Market Restraints
Lack of developed infrastructure in underdeveloped countries is expected to hamper the global smart roads market growth. Also, the high investment cost may limit the market growth over the forecast period.
Market Segmentation
The Global Smart Roads Market is segmented into technology such as Automatic Number Plate Recognition, Wireless Radio Communication, Lane Warning/Keeping systems, by sensors such as Strain Gauges, Weigh-in-motion-devices, Temperature Sensors, and Anemometers, by deployment such as On-Premise, and Cloud. Further, market is segmented into Traffic Management system such as Advanced Traffic Management, and GPS.
Also, the Global Smart Roads Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Siemens AG, Alcatel Lucent, Kapsch AG , Huawei , Xerox Corporation , LG CNS, Indra Sistemas, S.A., IBM Corporation, Schneider Electric, Intelligent Highway Solutions Inc., Infineon Technologies, etc.
Market Taxonomy
By Technology
- Automatic Number Plate Recognition
- Wireless Radio Communication
- Lane Warning/Keeping systems
- Strain Gauges
- Weigh-in-motion-devices
- Temperature Sensors
- Anemometers
- On-Premise
- Cloud
- Advanced Traffic Management
- GPS
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- What are the Key Opportunities in Global Smart Roads Market?
- What will be the growth rate from 2019 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market Definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Smart Roads Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Smart Roads Market, By Technology
- 5.1 Y-o-Y Growth Comparison, By Technology
- 5.2 Global Smart Roads Market Share Analysis, By Technology
- 5.3 Global Smart Roads Market Size and Forecast, By Technology
- 5.3.1 Automatic Number Plate Recognition
- 5.3.2 Wireless Radio Communication
- 5.3.3 Lane Warning/Keeping systems
- 6 Global Smart Roads Market, By Sensor
- 6.1 Y-o-Y Growth Comparison, By Sensor
- 6.2 Global Smart Roads Market Share Analysis, By Sensor
- 6.3 Global Smart Roads Market Size and Forecast, By Sensor
- 6.3.1 Strain Gauges
- 6.3.2 Weigh-in-motion-devices
- 6.3.3 Temperature Sensors
- 6.3.4 Anemometers
- 7 Global Smart Roads Market, By Deployment
- 7.1 Y-o-Y Growth Comparison, By Deployment
- 7.2 Global Smart Roads Market Share Analysis, By Deployment
- 7.3 Global Smart Roads Market Size and Forecast, By Deployment
- 7.3.1 On-Premise
- 7.3.2 Cloud
- 8 Global Smart Roads Market, By Traffic Management System
- 8.1 Y-o-Y Growth Comparison, By Traffic Management System
- 8.2 Global Smart Roads Market Share Analysis, By Traffic Management System
- 8.3 Global Smart Roads Market Size and Forecast, By Traffic Management System
- 8.3.1 Advanced Traffic Management
- 8.3.2 GPS
- 8.3.3 Retail
- 9 Global Smart Roads Market, By Region
- 9.1 Global Smart Roads Market Share Analysis, By Region
- 9.2 Global Smart Roads Market Share Analysis, By Region
- 9.3 Global Smart Roads Market Size and Forecast, By Region
- 10 North America Smart Roads Analysis and Forecast (2020 – 2027)
- 10.1 Introduction
- 10.2 North America Smart Roads Product Market Share Analysis, By Technology
- 10.3 North America Smart Roads Product Market Size and Forecast, By Sensor
- 10.4 North America Smart Roads Product Market Size and Forecast, By Deployment
- 10.5 North America Smart Roads Product Market Size and Forecast, By Traffic Management System
- 10.6 North America Smart Roads Product Market Size and Forecast, By Country
- 10.6.1 U.S.
- 10.6.2 Canada
- 10.6.3 Mexico
- 11 Europe Smart Roads Market Analysis and Forecast (2020 – 2027)
- 11.1 Introduction
- 11.2 Europe Smart Roads Product Market Share Analysis, By Technology
- 11.3 Europe Smart Roads Product Market Size and Forecast, By Sensor
- 11.4 Europe Smart Roads Product Market Size and Forecast, By Deployment
- 11.5 Europe Smart Roads Product Market Size and Forecast, By Traffic Management System
- 11.6 Europe Smart Roads Product Market Size and Forecast, By Country
- 11.6.1 Germany
- 11.6.2 France
- 11.6.3 UK
- 11.6.4 Rest of Europe
- 12 Asia Pacific Smart Roads Market Analysis and Forecast (2020 – 2027)
- 12.1 Introduction
- 12.2 Asia Pacific Smart Roads Product Market Share Analysis, By Technology
- 12.3 Asia Pacific Smart Roads Product Market Size and Forecast, By Sensor
- 12.4 Asia Pacific Smart Roads Product Market Size and Forecast, By Deployment
- 12.5 Asia Pacific Smart Roads Product Market Size and Forecast, By Traffic Management System
- 12.6 Asia Pacific Smart Roads Product Market Size and Forecast, By Country
- 12.6.1 China
- 12.6.2 Japan
- 12.6.3 India
- 12.6.4. Rest of Asia Pacific
- 13 Latin America Smart Roads Market Analysis and Forecast (2020 – 2027)
- 13.1 Introduction
- 13.2 Latin America Smart Roads Product Market Share Analysis, By Technology
- 13.3 Latin America Smart Roads Product Market Size and Forecast, By Sensor
- 13.4 Latin America Smart Roads Product Market Size and Forecast, By Deployment
- 13.5 Latin America Smart Roads Product Market Size and Forecast, By Traffic Management System
- 13.6 Latin America Smart Roads Product Market Size and Forecast, By Country
- 14 Middle East Smart Roads Market Analysis and Forecast (2020 – 2027)
- 14.1 Introduction
- 14.2 Middle East Smart Roads Product Market Share Analysis, By Technology
- 14.3 Middle East Smart Roads Product Market Size and Forecast, By Sensor
- 14.4 Middle East Smart Roads Product Market Size and Forecast, By Deployment
- 14.5 Middle East Smart Roads Product Market Size and Forecast, By Traffic Management System
- 14.6 Middle East Smart Roads Product Market Size and Forecast, By Country
- 15 Competitive Analysis
- 15.1 Competition Dashboard
- 15.2 Market share Analysis of Top Vendors
- 15.3 Key Development Strategies
- 16 Company Profiles
- 16.1 Siemens AG
- 16.1.1 Overview
- 16.1.2 Offerings
- 16.1.3 Key Financials
- 16.1.4 Business Segment & Geographic Overview
- 16.1.5 Key Market Developments
- 16.1.6 Key Strategies
- 16.2 Alcatel Lucent
- 16.2.1 Overview
- 16.2.2 Offerings
- 16.2.3 Key Financials
- 16.2.4 Business Segment & Geographic Overview
- 16.2.5 Key Market Developments
- 16.2.6 Key Strategies
- 16.3 Kapsch AG
- 16.3.1 Overview
- 16.3.2 Offerings
- 16.3.3 Key Financials
- 16.3.4 Business Segment & Geographic Overview
- 16.3.5 Key Market Developments
- 16.3.6 Key Strategies
- 16.4 Huawei
- 16.4.1 Overview
- 16.4.2 Offerings
- 16.4.3 Key Financials
- 16.4.4 Business Segment & Geographic Overview
- 16.4.5 Key Market Developments
- 16.4.6 Key Strategies
- 16.5 Xerox Corporation
- 16.5.1 Overview
- 16.5.2 Offerings
- 16.5.3 Key Financials
- 16.5.4 Business Segment & Geographic Overview
- 16.5.5 Key Market Developments
- 16.5.6 Key Strategies
- 16.6 LG CNS
- 16.6.1 Overview
- 16.6.2 Offerings
- 16.6.3 Key Financials
- 16.6.4 Business Segment & Geographic Overview
- 16.6.5 Key Market Developments
- 16.6.6 Key Strategies
- 16.7 Indra Sistemas, S.A
- 16.7.1 Overview
- 16.7.2 Offerings
- 16.7.3 Key Financials
- 16.7.4 Business Segment & Geographic Overview
- 16.7.5 Key Market Developments
- 16.7.6 Key Strategies
- 16.8 IBM Corporation
- 16.8.1 Overview
- 16.8.2 Offerings
- 16.8.3 Key Financials
- 16.8.4 Business Segment & Geographic Overview
- 16.8.5 Key Market Developments
- 16.8.6 Key Strategies
- 16.9 Schneider Electric
- 16.9.1 Overview
- 16.9.2 Offerings
- 16.9.3 Key Financials
- 16.9.4 Business Segment & Geographic Overview
- 16.9.5 Key Market Developments
- 16.9.6 Key Strategies
- 16.10 Intelligent Highway Solutions Inc
- 16.10.1 Overview
- 16.10.2 Offerings
- 16.10.3 Key Financials
- 16.10.4 Business Segment & Geographic Overview
- 16.10.5 Key Market Developments
- 16.10.6 Key Strategies
- 16.11 Infineon Technologies
- 16.11.1 Overview
- 16.11.2 Offerings
- 16.11.3 Key Financials
- 16.11.4 Business Segment & Geographic Overview
- 16.11.5 Key Market Developments
- 16.11.6 Key Strategies
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook