Smart Roads Market, Global Outlook and Forecast 2023-2030
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.
This report aims to provide a comprehensive presentation of the global market for Smart Roads, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Roads. This report contains market size and forecasts of Smart Roads in global, including the following market information:
Global Smart Roads Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global top five companies in 2022 (%)
The global Smart Roads market was valued at US$ 1081.9 million in 2022 and is projected to reach US$ 3543.7 million by 2029, at a CAGR of 18.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Smart Roads companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Smart Roads Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Smart Roads Market Segment Percentages, by Type, 2022 (%)
Transportation and Communication System
Traffic Management System
Others
Global Smart Roads Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Smart Roads Market Segment Percentages, by Application, 2022 (%)
Urban Traffic
Highway
Others
Global Smart Roads Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Smart Roads Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Smart Roads revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Smart Roads revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Indra Sistemas
IBM
Swarco Holding
Alcatel Lucent
Kapsch
LG CNS
Siemens
Cisco Systems
Schneider Electric
Xerox
Huawei
Outline of Major Chapters:
Chapter 1: Introduces the definition of Smart Roads, market overview.
Chapter 2: Global Smart Roads market size in revenue.
Chapter 3: Detailed analysis of Smart Roads company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Smart Roads in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
