Global Smart Roads Market Size, Status and Forecast 2020-2026
Smart roads guide the drivers of vehicles against any object that is in front of the vehicle, which the driver is not able to see. The sensors deployed give signals to the vehicle about any possible incident that could happen and the damage that might occur to the vehicle and to the driver.
Among the regions, North America is leading the global smart road market due to the technological advancement. Highly advanced countries in the field of technology such as the U.S. and Canada comprised of many players that are manufacturing smart road equipment. These countries pay high attention to the road safety and as a result creating a wide opportunity for enterprises plying in the smart road market.
Market Analysis and Insights: Global Smart Roads Market
In 2019, the global Smart Roads market size was US$ 897.2 million and it is expected to reach US$ 3122 million by the end of 2026, with a CAGR of 19.3% during 2021-2026.
Global Smart Roads Scope and Market Size
Smart Roads market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Smart Roads market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Smart Roads market is segmented into Transportation and Communication System, Traffic Management System, Others, etc.
Segment by Application, the Smart Roads market is segmented into Urban Traffic, Highway, Others, etc.
Regional and Country-level Analysis
The Smart Roads market is analysed and market size information is provided by regions (countries).
The key regions covered in the Smart Roads market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.
Smart Roads market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Smart Roads business, the date to enter into the Smart Roads market, Smart Roads product introduction, recent developments, etc.
The major vendors include Indra Sistemas, IBM, Swarco Holding, Alcatel Lucent, Kapsch, LG CNS, Siemens, Cisco Systems, Schneider Electric, Xerox, Huawei, etc.
This report focuses on the global Smart Roads status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Smart Roads development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
Indra Sistemas
IBM
Swarco Holding
Alcatel Lucent
Kapsch
LG CNS
Siemens
Cisco Systems
Schneider Electric
Xerox
Huawei
Transportation and Communication System
Traffic Management System
Others
Urban Traffic
Highway
Others
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
To analyze global Smart Roads status, future forecast, growth opportunity, key market and key players.
To present the Smart Roads development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Smart Roads are as follows:
History Year: 2015-2019
2019
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Among the regions, North America is leading the global smart road market due to the technological advancement. Highly advanced countries in the field of technology such as the U.S. and Canada comprised of many players that are manufacturing smart road equipment. These countries pay high attention to the road safety and as a result creating a wide opportunity for enterprises plying in the smart road market.
Market Analysis and Insights: Global Smart Roads Market
In 2019, the global Smart Roads market size was US$ 897.2 million and it is expected to reach US$ 3122 million by the end of 2026, with a CAGR of 19.3% during 2021-2026.
Global Smart Roads Scope and Market Size
Smart Roads market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Smart Roads market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Smart Roads market is segmented into Transportation and Communication System, Traffic Management System, Others, etc.
Segment by Application, the Smart Roads market is segmented into Urban Traffic, Highway, Others, etc.
Regional and Country-level Analysis
The Smart Roads market is analysed and market size information is provided by regions (countries).
The key regions covered in the Smart Roads market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.
Competitive Landscape
and Smart Roads Market Share AnalysisSmart Roads market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Smart Roads business, the date to enter into the Smart Roads market, Smart Roads product introduction, recent developments, etc.
The major vendors include Indra Sistemas, IBM, Swarco Holding, Alcatel Lucent, Kapsch, LG CNS, Siemens, Cisco Systems, Schneider Electric, Xerox, Huawei, etc.
This report focuses on the global Smart Roads status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Smart Roads development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
The key players covered in this study
Indra Sistemas
IBM
Swarco Holding
Alcatel Lucent
Kapsch
LG CNS
Siemens
Cisco Systems
Schneider Electric
Xerox
Huawei
Market segment by Type, the product can be split into
Transportation and Communication System
Traffic Management System
Others
Market segment by Application, split into
Urban Traffic
Highway
Others
Market segment by Regions/Countries, this report covers
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Smart Roads status, future forecast, growth opportunity, key market and key players.
To present the Smart Roads development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Smart Roads are as follows:
History Year: 2015-2019
Base Year:
2019Estimated Year:
2020Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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