Smart Roads Market

Smart Roads Market Research Report by Forecast to 2023

Smart Roads Market Research Report by Forecast to 2023

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Smart Roads Market Research Report by Forecast to 2023

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Smart Roads Market Research Report by Forecast to 2023

Summary With technology, the world is increasingly becoming smarter. However, the introduction of automated vehicles has augmented the risk of on-road accidents by such vehicles. Smart Roads Market guide the drivers of cars against any object that is in front of them, which the driver is not able to see. The sensors used to give signals to the car about any potential incident that could happen and the damage that may occur to the vehicle and to the driver. Substantial investment by major players and government initiatives towards the promotion of proper infrastructure is one of the primary drivers of the market. A significant trend in the smart roads market is electrically connected to smart roads.

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Smart Roads Market Research Report by Forecast to 2023

Major Key Players: • • • • • •

Alcatel Lucent (France) Kapsch AG (Austria) Indra Sistemas S.A. (Madrid) LG CNS (South Korea) Siemens AG (Germany)

Segmentation: • •

On the basis of the sensor, the market for smart roads has been segmented into strain gauges, anemometers, accelerometers, temperature sensors, weigh-in-motion devices, among others.

On the basis of deployment, the global smart roads market is segmented into on-premise and oncloud.

Regional Analysis: North America is the leading region in the global smart roads market. The growing Industrialization and increasing investments by the local and central government authorities in the North American region and the higher presence of technologically advanced nations such as the U.S. and Canada are offering enterprises with a competitive advantage over other Substantial. Europe, on the other hand, holds the second-largest share of the global smart roads market over the review period. This stronghold over the market is owing to the presence of several developed countries such as France, Germany, Italy, the U.K., and the Netherlands in the region.

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Smart Roads Market Research Report by Forecast to 2023

pacific. This is majorly due to rise in the online customer and internet usage. region P a g e |5

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