Intelligent Road System Market- Global Industry Analysis and Forecast (2023-2029)


Intelligent Road System Market is expected to reach US $ 76.38 Bn by 2029, at a CAGR of 10.5% during the forecast period.

Global Intelligent Road System Market Overview:

Today the rate of road accidents has grown drastically. The road accidents are unintended cause and the entire world is facing this issue. To minimize the number of accidents and overcome this problem the government of each country are putting maximum efforts and investing billions. The intelligent road system technology has definitely proven to be the major contributor to avoid accidents and improve road safety. Global Intelligent road safety system are significant back up to make roads safer for walkers on road as well as drivers by alerting vehicles for hazards and thereby increase protection from accident.Intelligent Road System MarketTo know about the Research Methodology :- Request Free Sample Report

Today this system is widely getting popular all over the world and could be the best supplementary factor in future cars. Intelligent road system can progressively assist with advanced cars like, driverless cars or autonomous cars. Another accelerating factor is the development of smart cities in various developed as well as developing countries. As per the researchers at Maximize Market Research, current economic slowdown and adverse effects of COVID – 19 may hamper market growth in 2021 but all these factors are expected to fuel the global intelligent road system market growth in forecasted period.

The report presents the analysis of Global Intelligent Road System Market with regards to different segments, geography and role of several small & large companies in the market. At the same time the report study has also analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

Global Intelligent Road System Market Dynamics:

The accelerating factors responsible for driving growth of the market contain a rise in levels of traffic congestion due to more number of vehicles on road and population growth. Rapid growth in the traffic volumes creates large demand for improvements in road safety, which estimated to contribute market growth over forecasted period. With mounting levels of population density and upsurge in distances due to the widespread of society, having own personal transport of various types has become necessary as well as status symbol for many people. Intensification in the levels of cars on the roads along with parking problems in numerous commercial and residential areas led to higher demand for advanced cars. This scenario has fuelled the development of the intelligent road system. The use of vehicle to vehicle communications, or vehicle to infrastructure communications, permitting for communication among traffic signals, other vehicles, etc. This allows to drivers to be alert of potential hazards by way of safety aspects. Availability of Bluetooth, sensors, satellite communications and GPS systems also empower combining of historical and live travel time data, which can help in calculating the duration required to complete the trip and possible disruptions like congestions and alternative routes that can be conveniently used. The most expressively popular trend in this market is that of autonomous vehicles that can considerably relieve the traffic issues. The factors that can hamper the growth of this market are sluggish growth in infrastructure development and high implementation costs related to such technologies.

Regional Analysis:

North America stood as the major contributor market for intelligent road system with US$ 34.36 Bn in 2021 and is expected to dominate the market over the forecast period growing with CAGR 10.5% owing to rising concern for driver safety, to reduce jamming and governing initiatives. The major contributing countries are the US, Canada, and Mexico in North America. Asia-pacific is the fastest-growing region in the intelligent road system market owing to rising sale of automobile and demand for latest technologies implemented into it. Asia Pacific is expected to grow at CAGR of 10.5% during forecast period and reach value US$ 76.38 Bn by 2029. In this region countries like, China and India register the highest growth owing to large population and growing attraction for having own personal vehicle. Similarly, the report covers the detail analysis of all the regions such as, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Their growth rate and the reason for growth along with the expected value to be reached by end of the 2029 are mentioned in the final report.

Segmentation Analysis:

Based on type, the market is segmented into wireless communication, computational technologies, floating car data/ floating cellular data, sensing technologies, and others. Among all sensing technology is anticipated to experience rapid growth at CAGR 10.5% during forecasted timespan. But wireless communications as well as computational technologies are estimated to be the largest contributor in the growth of the Global Intelligent Road System Market. Owing to diverse use of Computational technologies in improving vehicles safety as well as performance, this segment is anticipated to grow at CAGR 10.5% and reach US$ 76.38 Bn by 2029. All the segments and their sub segments with their current market share, expected growth percentage, factors boosting & hampering the growth and region wise anticipated market share during the each year in forecast period along with their graphical representation are illustrated in the report.

Objective of the Global Intelligent Road System Market :

The objective of the report is to present a comprehensive analysis of the Global Intelligent Road System Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Intelligent Road System Market dynamics, structure by analyzing the market segments and projects the Global Intelligent Road System Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Intelligent Road System Market make the report investor’s guide.

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Global Intelligent Road System Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2018 to 2022
Market Size in 2022:
US $ 37.97 Bn.




Forecast Period 2023 to 2029 CAGR:
10.5%
Market Size in 2029:
US $ 76.38 Bn.




 Segments Covered:
by Application
Emergency Vehicle Notification System
Variable Speed Limits
Collision Avoidance System




by Type
Wireless Communication
Computational Technologies
Floating Car Data/ Floating Cellular Data






Global Intelligent Road System Market, By Region:

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Key players operating in the Global Intelligent Road System Market:

1. Ricardo PLC,
2. EFKON AG,
3. TOMtom International BV,
4. Iteris, Inc.,
5. Lanner Electronic Inc.,
6. Siemens AG,
7. WS Atkins PLC,
8. Kapsch Trafficcom,
9. Q-Free ASA,
10.Roper Technologies, Inc.
11.Thales Group
12.Garmin
13.Cubic Corporation
14.EFKON GmbH
15.FLIR Systems, Inc.
16.Indra Sistemas
17.Denso Corporation

Frequently Asked Questions:

1. Which region has the largest share in Global Intelligent Road System Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Intelligent Road System Market?

Ans: The Global intelligent road system market is expected to grow at a CAGR of 10.5% during forecast period 2023-2029.

3. What is scope of the Global Intelligent Road System Market report?
Ans: Global intelligent road system market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. What is the study period of this Global Intelligent Road System Market?
Ans: The Global intelligent road system market is studied from 2022 to 2029. 




Global Intelligent Road System Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources

3. Executive Summary: Global Intelligent Road System Market Size, by Market Value (US$ Bn)
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies

5. Supply Side and Demand Side Indicators
6. Global Intelligent Road System Market Analysis and Forecast
6.1. Intelligent Road System Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Global Intelligent Road System Market Analysis and Forecast, By Type
7.1. Introduction and Definition
7.2. Key Findings
7.3. Intelligent Road System Market Value Share Analysis, By Type
7.4. Intelligent Road System Market Size (US$ Bn) Forecast, By Type
7.5. Intelligent Road System Market Analysis, By Type
7.6. Intelligent Road System Market Attractiveness Analysis, By Type

8. Global Intelligent Road System Market Analysis and Forecast, By Application
8.1. Introduction and Definition
8.2. Key Findings
8.3. Intelligent Road System Market Value Share Analysis, By Application
8.4. Intelligent Road System Market Size (US$ Bn) Forecast, By Application
8.5. Intelligent Road System Market Analysis, By Application
8.6. Intelligent Road System Market Attractiveness Analysis, By Application

9. Global Intelligent Road System Market Analysis, by Region
9.1. Intelligent Road System Market Value Share Analysis, by Region
9.2. Intelligent Road System Market Size (US$ Bn) Forecast, by Region
9.3. Intelligent Road System Market Attractiveness Analysis, by Region

10. North America Intelligent Road System Market Analysis
10.1. Key Findings
10.2. North America Intelligent Road System Market Overview
10.3. North America Intelligent Road System Market Value Share Analysis, By Type
10.4. North America Intelligent Road System Market Forecast, By Type
10.4.1. Wireless Communication
10.4.2. Computational Technologies
10.4.3. Floating Car Data/ Floating Cellular Data
10.4.4. Other
10.5. North America Intelligent Road System Market Value Share Analysis, By Application
10.6. North America Intelligent Road System Market Forecast, By Application
10.6.1. Emergency Vehicle Notification System
10.6.2. Variable Speed Limits
10.6.3. Collision Avoidance System
10.7. North America Intelligent Road System Market Value Share Analysis, by Country
10.8. North America Intelligent Road System Market Forecast, by Country
10.8.1. U.S.
10.8.2. Canada
10.9. North America Intelligent Road System Market Analysis, by Country
10.10. U.S. Intelligent Road System Market Forecast, By Type
10.10.1. Wireless Communication
10.10.2. Computational Technologies
10.10.3. Floating Car Data/ Floating Cellular Data
10.10.4. Other
10.11. U.S. Intelligent Road System Market Forecast, By Application
10.11.1. Emergency Vehicle Notification System
10.11.2. Variable Speed Limits
10.11.3. Collision Avoidance System
10.12. Canada Intelligent Road System Market Forecast, By Type
10.12.1. Wireless Communication
10.12.2. Computational Technologies
10.12.3. Floating Car Data/ Floating Cellular Data
10.12.4. Other
10.13. Canada Intelligent Road System Market Forecast, By Application
10.13.1. Emergency Vehicle Notification System
10.13.2. Variable Speed Limits
10.13.3. Collision Avoidance System
10.14. North America Intelligent Road System Market Attractiveness Analysis
10.14.1. By Type
10.14.2. By Application
10.15. PEST Analysis
10.16. Key Trends
10.17. Key Developments

11. Europe Intelligent Road System Market Analysis
11.1. Key Findings
11.2. Europe Intelligent Road System Market Overview
11.3. Europe Intelligent Road System Market Value Share Analysis, By Type
11.4. Europe Intelligent Road System Market Forecast, By Type
11.4.1. Wireless Communication
11.4.2. Computational Technologies
11.4.3. Floating Car Data/ Floating Cellular Data
11.4.4. Other
11.5. Europe Intelligent Road System Market Value Share Analysis, By Application
11.6. Europe Intelligent Road System Market Forecast, By Application
11.6.1. Emergency Vehicle Notification System
11.6.2. Variable Speed Limits
11.6.3. Collision Avoidance System
11.7. Europe Intelligent Road System Market Value Share Analysis, by Country
11.8. Europe Intelligent Road System Market Forecast, by Country
11.8.1. Germany
11.8.2. U.K.
11.8.3. France
11.8.4. Italy
11.8.5. Spain
11.8.6. Rest of Europe
11.9. Europe Intelligent Road System Market Analysis, by Country
11.10. Germany Intelligent Road System Market Forecast, By Type
11.10.1. Wireless Communication
11.10.2. Computational Technologies
11.10.3. Floating Car Data/ Floating Cellular Data
11.10.4. Other
11.11. Germany Intelligent Road System Market Forecast, By Application
11.11.1. Emergency Vehicle Notification System
11.11.2. Variable Speed Limits
11.11.3. Collision Avoidance System
11.12. U.K. Intelligent Road System Market Forecast, By Type
11.12.1. Wireless Communication
11.12.2. Computational Technologies
11.12.3. Floating Car Data/ Floating Cellular Data
11.12.4. Other
11.13. U.K. Intelligent Road System Market Forecast, By Application
11.13.1. Emergency Vehicle Notification System
11.13.2. Variable Speed Limits
11.13.3. Collision Avoidance System
11.14. France Intelligent Road System Market Forecast, By Type
11.14.1. Wireless Communication
11.14.2. Computational Technologies
11.14.3. Floating Car Data/ Floating Cellular Data
11.14.4. Other
11.15. France Intelligent Road System Market Forecast, By Application
11.15.1. Emergency Vehicle Notification System
11.15.2. Variable Speed Limits
11.15.3. Collision Avoidance System
11.16. Italy Intelligent Road System Market Forecast, By Type
11.16.1. Wireless Communication
11.16.2. Computational Technologies
11.16.3. Floating Car Data/ Floating Cellular Data
11.16.4. Other
11.17. Italy Intelligent Road System Market Forecast, By Application
11.17.1. Emergency Vehicle Notification System
11.17.2. Variable Speed Limits
11.17.3. Collision Avoidance System
11.18. Spain Intelligent Road System Market Forecast, By Type
11.18.1. Wireless Communication
11.18.2. Computational Technologies
11.18.3. Floating Car Data/ Floating Cellular Data
11.18.4. Other
11.19. Spain Intelligent Road System Market Forecast, By Application
11.19.1. Emergency Vehicle Notification System
11.19.2. Variable Speed Limits
11.19.3. Collision Avoidance System
11.20. Rest of Europe Intelligent Road System Market Forecast, By Type
11.20.1. Wireless Communication
11.20.2. Computational Technologies
11.20.3. Floating Car Data/ Floating Cellular Data
11.20.4. Other
11.21. Rest of Europe Intelligent Road System Market Forecast, By Application
11.21.1. Emergency Vehicle Notification System
11.21.2. Variable Speed Limits
11.21.3. Collision Avoidance System
11.22. Europe Intelligent Road System Market Attractiveness Analysis
11.22.1. By Type
11.22.2. By Application
11.23. PEST Analysis
11.24. Key Trends
11.25. Key Developments

12. Asia Pacific Intelligent Road System Market Analysis
12.1. Key Findings
12.2. Asia Pacific Intelligent Road System Market Overview
12.3. Asia Pacific Intelligent Road System Market Value Share Analysis, By Type
12.4. Asia Pacific Intelligent Road System Market Forecast, By Type
12.4.1. Wireless Communication
12.4.2. Computational Technologies
12.4.3. Floating Car Data/ Floating Cellular Data
12.4.4. Other
12.5. Asia Pacific Intelligent Road System Market Value Share Analysis, By Application
12.6. Asia Pacific Intelligent Road System Market Forecast, By Application
12.6.1. Emergency Vehicle Notification System
12.6.2. Variable Speed Limits
12.6.3. Collision Avoidance System
12.7. Asia Pacific Intelligent Road System Market Value Share Analysis, by Country
12.8. Asia Pacific Intelligent Road System Market Forecast, by Country
12.8.1. China
12.8.2. India
12.8.3. Japan
12.8.4. ASEAN
12.8.5. Rest of Asia Pacific
12.9. Asia Pacific Intelligent Road System Market Analysis, by Country
12.10. China Intelligent Road System Market Forecast, By Type
12.10.1. Wireless Communication
12.10.2. Computational Technologies
12.10.3. Floating Car Data/ Floating Cellular Data
12.10.4. Other
12.11. China Intelligent Road System Market Forecast, By Application
12.11.1. Emergency Vehicle Notification System
12.11.2. Variable Speed Limits
12.11.3. Collision Avoidance System
12.12. India Intelligent Road System Market Forecast, By Type
12.12.1. Wireless Communication
12.12.2. Computational Technologies
12.12.3. Floating Car Data/ Floating Cellular Data
12.12.4. Other
12.13. India Intelligent Road System Market Forecast, By Application
12.13.1. Emergency Vehicle Notification System
12.13.2. Variable Speed Limits
12.13.3. Collision Avoidance System
12.14. Japan Intelligent Road System Market Forecast, By Type
12.14.1. Wireless Communication
12.14.2. Computational Technologies
12.14.3. Floating Car Data/ Floating Cellular Data
12.14.4. Other
12.15. Japan Intelligent Road System Market Forecast, By Application
12.15.1. Emergency Vehicle Notification System
12.15.2. Variable Speed Limits
12.15.3. Collision Avoidance System
12.16. ASEAN Intelligent Road System Market Forecast, By Type
12.16.1. Wireless Communication
12.16.2. Computational Technologies
12.16.3. Floating Car Data/ Floating Cellular Data
12.16.4. Other
12.17. ASEAN Intelligent Road System Market Forecast, By Application
12.17.1. Emergency Vehicle Notification System
12.17.2. Variable Speed Limits
12.17.3. Collision Avoidance System
12.18. Rest of Asia Pacific Intelligent Road System Market Forecast, By Type
12.18.1. Wireless Communication
12.18.2. Computational Technologies
12.18.3. Floating Car Data/ Floating Cellular Data
12.18.4. Other
12.19. Rest of Asia Pacific Intelligent Road System Market Forecast, By Application
12.19.1. Emergency Vehicle Notification System
12.19.2. Variable Speed Limits
12.19.3. Collision Avoidance System
12.20. Asia Pacific Intelligent Road System Market Attractiveness Analysis
12.20.1. By Type
12.20.2. By Application
12.21. PEST Analysis
12.22. Key Trends
12.23. Key Developments

13. Middle East & Africa Intelligent Road System Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Intelligent Road System Market Overview
13.3. Middle East & Africa Intelligent Road System Market Value Share Analysis, By Type
13.4. Middle East & Africa Intelligent Road System Market Forecast, By Type
13.4.1. Wireless Communication
13.4.2. Computational Technologies
13.4.3. Floating Car Data/ Floating Cellular Data
13.4.4. Other
13.5. Middle East & Africa Intelligent Road System Market Value Share Analysis, By Application
13.6. Middle East & Africa Intelligent Road System Market Forecast, By Application
13.6.1. Emergency Vehicle Notification System
13.6.2. Variable Speed Limits
13.6.3. Collision Avoidance System
13.7. Middle East & Africa Intelligent Road System Market Value Share Analysis, by Country
13.8. Middle East & Africa Intelligent Road System Market Forecast, by Country
13.8.1. GCC
13.8.2. South Africa
13.8.3. Rest of Middle East & Africa
13.9. Middle East & Africa Intelligent Road System Market Analysis, by Country
13.10. GCC Intelligent Road System Market Forecast, By Type
13.10.1. Wireless Communication
13.10.2. Computational Technologies
13.10.3. Floating Car Data/ Floating Cellular Data
13.10.4. Other
13.11. GCC Intelligent Road System Market Forecast, By Application
13.11.1. Emergency Vehicle Notification System
13.11.2. Variable Speed Limits
13.11.3. Collision Avoidance System
13.12. South Africa Intelligent Road System Market Forecast, By Type
13.12.1. Wireless Communication
13.12.2. Computational Technologies
13.12.3. Floating Car Data/ Floating Cellular Data
13.12.4. Other
13.13. South Africa Intelligent Road System Market Forecast, By Application
13.13.1. Emergency Vehicle Notification System
13.13.2. Variable Speed Limits
13.13.3. Collision Avoidance System
13.14. Rest of Middle East & Africa Intelligent Road System Market Forecast, By Type
13.14.1. Wireless Communication
13.14.2. Computational Technologies
13.14.3. Floating Car Data/ Floating Cellular Data
13.14.4. Other
13.15. Rest of Middle East & Africa Intelligent Road System Market Forecast, By Application
13.15.1. Emergency Vehicle Notification System
13.15.2. Variable Speed Limits
13.15.3. Collision Avoidance System
13.16. Middle East & Africa Intelligent Road System Market Attractiveness Analysis
13.16.1. By Type
13.16.2. By Application
13.17. PEST Analysis
13.18. Key Trends
13.19. Key Developments

14. South America Intelligent Road System Market Analysis
14.1. Key Findings
14.2. South America Intelligent Road System Market Overview
14.3. South America Intelligent Road System Market Value Share Analysis, By Type
14.4. South America Intelligent Road System Market Forecast, By Type
14.4.1. Wireless Communication
14.4.2. Computational Technologies
14.4.3. Floating Car Data/ Floating Cellular Data
14.4.4. Other
14.5. South America Intelligent Road System Market Value Share Analysis, By Application
14.6. South America Intelligent Road System Market Forecast, By Application
14.6.1. Emergency Vehicle Notification System
14.6.2. Variable Speed Limits
14.6.3. Collision Avoidance System
14.7. South America Intelligent Road System Market Value Share Analysis, by Country
14.8. South America Intelligent Road System Market Forecast, by Country
14.8.1. Brazil
14.8.2. Mexico
14.8.3. Rest of South America
14.9. South America Intelligent Road System Market Analysis, by Country
14.10. Brazil Intelligent Road System Market Forecast, By Type
14.10.1. Wireless Communication
14.10.2. Computational Technologies
14.10.3. Floating Car Data/ Floating Cellular Data
14.10.4. Other
14.11. Brazil Intelligent Road System Market Forecast, By Application
14.11.1. Emergency Vehicle Notification System
14.11.2. Variable Speed Limits
14.11.3. Collision Avoidance System
14.12. Mexico Intelligent Road System Market Forecast, By Type
14.12.1. Wireless Communication
14.12.2. Computational Technologies
14.12.3. Floating Car Data/ Floating Cellular Data
14.12.4. Other
14.13. Mexico Intelligent Road System Market Forecast, By Application
14.13.1. Emergency Vehicle Notification System
14.13.2. Variable Speed Limits
14.13.3. Collision Avoidance System
14.14. Rest of South America Intelligent Road System Market Forecast, By Type
14.14.1. Wireless Communication
14.14.2. Computational Technologies
14.14.3. Floating Car Data/ Floating Cellular Data
14.14.4. Other
14.15. Rest of South America Intelligent Road System Market Forecast, By Application
14.15.1. Emergency Vehicle Notification System
14.15.2. Variable Speed Limits
14.15.3. Collision Avoidance System
14.16. South America Intelligent Road System Market Attractiveness Analysis
14.16.1. By Type
14.16.2. By Application
14.17. PEST Analysis
14.18. Key Trends
14.19. Key Developments

15. Company Profiles
15.1. Market Share Analysis, by Company
15.2. Competition Matrix
15.2.1. Competitive Benchmarking of key players by price, presence, market share, Vehicles and R&D investment
15.2.2. New Product Launches and Product Enhancements
15.2.3. Market Consolidation
15.2.3.1. M&A by Regions, Investment and Vehicles
15.2.3.2. M&A Key Players, Forward Integration and Backward
15.2.3.3. Integration
15.3. Company Profiles: Key Players
15.3.1. Ricardo PLC
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Product Portfolio
15.3.1.4. Business Strategy
15.3.1.5. Recent Developments
15.3.1.6. Development Footprint
15.3.2. EFKON AG,
15.3.3. TOMtom International BV,
15.3.4. Iteris, Inc.,
15.3.5. Lanner Electronic Inc.,
15.3.6. Siemens AG,
15.3.7. WS Atkins PLC,
15.3.8. Kapsch Trafficcom,
15.3.9. Q-Free ASA,
15.3.10. Roper Technologies, Inc.
15.3.11. Thales Group
15.3.12. Garmin
15.3.13. Cubic Corporation
15.3.14. EFKON GmbH
15.3.15. FLIR Systems, Inc.
15.3.16. Indra Sistemas
15.3.17. Denso Corporation
16. Primary Key Insights
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