Global Smart Roads Market Research Report by Forecast to 2023
Global Smart Roads Market Research Report by Forecast to 2023
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Global Smart Roads Market Research Report by Forecast to 2023
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Global Smart Roads Market Research Report by Forecast to 2023
Summary
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Global Smart Roads Market Research Report by Forecast to 2023 The global smart roads market is rising continually, mainly due to the wonderful driving experience smart roads can provide. The smart road is a viable solution to counter all traffic-related issues. Substantial technological advances and the uptake of advanced solutions, such as ultrasonic sensors, light sensors, motion sensors, camera, and IoT devices drive the growth of the market.
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Global Smart Roads Market Research Report by Forecast to 2023
Major Key Players: •
Alcatel Lucent (France)
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Kapsch AG (Austria)
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Indra Sistemas
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S.A. (Madrid)
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LG CNS (South Korea)
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Siemens AG (Germany)
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Cisco (U.S.)
Segmentation: •
By Technology: Traffic Management System (GPS & Advanced Traffic Management System, others.) and Transportation & Communication Systems {Automatic Number Plate Recognition (ANPR), Lane Warning/Keeping Systems, and Wireless Radio Communication, others}.
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By Sensor: Accelerometers, Strain Gauges, Anemometers, Temperature Sensors, and Weigh-inMotion Devices, among others.
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By Deployment: On-premise and On-cloud.
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By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.
Regional Analysis: North America dominates the global smart road market; majorly due to the vast technological advancement. The US and Canada are highly advanced countries in terms of technology. These countries pay great attention to road safety, and as a result, the smart road becomes a good option. Besides, the presence of a large number of intelligent road equipment manufacturers in these countries influences the growth of the regional market. The smart road market in the European region takes the second lead, globally. The region would acquire a substantial market share, creating a considerable revenue pocket throughout the forecast period.
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Global Smart Roads Market Research Report by Forecast to 2023
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