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.To 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.Scope of the Global Intelligent Road System Market Report: Inquire before buying
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