Global Intelligent Road System Market, By Type (Wireless Communication, Computational Technologies and Floating Car Data/ Floating Cellular Data), Application (Emergency Vehicle Notification System, Variable Speed Limits, Collision Avoidance System), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Intelligent Road System Market
Intelligent road system market will reach at an estimated value of USD 79.9 billion by 2028 and grow at a CAGR of 10.05% in the forecast period of 2021 to 2028. Increase in the levels of traffic congestion due to more number of vehicles on road and population growth is an essential factor driving the intelligent road system market.
Intelligent transportation system (ITS) is defined as an advanced application that aims to provide innovative services relating to different modes of transport and traffic management and also helps in enabling users to be better informed and make safer, more coordinated, and 'smarter' use of transport networks.
Rise in the rapid growth in the traffic volumes creates large demand for improvements in road safety is a crucial factor accelerating the market growth, also rise in the launch of new vehicles, rise in the demand for new vehicles and increase in the research and development activities in the market are the major factors among others boosting the intelligent road system market. Moreover, rise in the technological advancements and modernization in the production techniques will further create new opportunities for laser technology market in the forecast period mentioned above.
However, rise in the cost of research and development activities in the market acts as the major factor among others restraining the market growth, and will further challenge the intelligent road system market in the forecast period mentioned above.
This intelligent road system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on intelligent road system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Intelligent Road System Market Scope and Market Size
Intelligent road system market is segmented on the basis of type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, intelligent road system market is segmented into wireless communication, computational technologies and floating car data/ floating cellular data.
The intelligent road system market is also segmented on the basis of application into emergency vehicle notification system, variable speed limits, collision avoidance system
Intelligent Road System Market Scope Country Level Analysis
Intelligent road system market is analysed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the intelligent road system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the intelligent road system market due to rise in the concern for driver safety, to reduce jamming and governing initiatives, rise in the launch of new vehicles, rise in the demand for new vehicles and increase in the research and development activities in the market.
The country section of the intelligent road system market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Intelligent Road System Market Share Analysis
Intelligent road system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to intelligent road system market.
The major players covered in intelligent road system market report are Ricardo, EFKON GmbH, TOMtom International BV, Iteris, Inc., Lanner Electronic Inc., Siemens AG, WS Atkins PLC, Kapsch Trafficcom, Q-Free ASA, Roper Technologies, Inc, Thales Group, Garmin, Cubic Corporation, EFKON GmbH, FLIR Systems, Inc, Indra Sistemas and Denso Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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