Intelligent Road System, By Type (Wireless Communication,
Computational Technologies, Floating Car Data/ Floating Cellular Data, Sensing
Technologies), By Application (Emergency Vehicle Notification System, Automatic
Road Enforcement, Variable Speed Limits, Collision Avoidance System), Forecast
2022.
Market Synopsis of Intelligent Road System Market
Market Scenario
The Intelligent Road System is the tested route to mitigate the traffic congestion problem. It is an application that is designed to provide customized solutions to improve the transportation system. The major objective of this system is to evaluate, develop, analyze and integrate new technologies and concept to achieve the traffic efficacy. The major growth driver of Intelligent Road System Marketincludes increasing concern about traffic congestion, increasing need of road safety improvements, and shifting of freight industry from unorganized to organized sector among others. In the year 2016, the global market of intelligent road system had been valued at approximately USD 25 billion, which is expected to be at USD 48 billion by the end of the year 2022. However, slow growth in improving infrastructure and high installation cost are some of the factors which are hindering the growth of Intelligent Road System Market.
The Intelligent Road System is the tested route to mitigate the traffic congestion problem. It is an application that is designed to provide customized solutions to improve the transportation system. The major objective of this system is to evaluate, develop, analyze and integrate new technologies and concept to achieve the traffic efficacy. The major growth driver of Intelligent Road System Marketincludes increasing concern about traffic congestion, increasing need of road safety improvements, and shifting of freight industry from unorganized to organized sector among others. In the year 2016, the global market of intelligent road system had been valued at approximately USD 25 billion, which is expected to be at USD 48 billion by the end of the year 2022. However, slow growth in improving infrastructure and high installation cost are some of the factors which are hindering the growth of Intelligent Road System Market.
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Objective Study of Intelligent Road System Market:
- To provide detailed analysis of
the market structure along with forecast for the next five years of the
various segments and sub-segments of the global Intelligent Road System Market.
- To provide insights about
factors affecting the market growth.
- To Analyze the Intelligent Road
System Market based on various factors- porters five force analysis, mega
trend analysis, macroeconomic indicators etc.
- To provide historical and
forecast revenue of the market segments and sub-segments with respect to
four main geographies and their countries- North America, Europe, Asia,
and Rest of the World (ROW).
- To provide country level
analysis of the market with respect to the current market size and future
prospective.
- To provide country level
analysis of the market for segment by type, by application and
sub-segments.
- To provide strategic profiling
of key players in the market, comprehensively analyzing their core
competencies, and drawing a competitive landscape for the market
- To track and analyze
competitive developments such as joint ventures, strategic alliances,
mergers and acquisitions, new product developments, and research and
developments in the global intelligent road system market.
Key Findings:
- Intelligent Road System Market
is expected to grow at compound annual growth rate of 11% from year 2016
to year 2022.
- North America expected to
dominate the market of intelligent road system throughout the forecast
period.
- By Type segment- computational
technology is expected to be the fastest growing market with 13% CAGR in
the global market.
- By Application- Emergency
Vehicle Notification System is expected to be the fastest growing market
with 15% CAGR in the global market.
Segments
- Global Intelligent Road System
Market can be segmented as follows:
- Segmentation by
Type: Wireless Communication, Computational Technologies, Floating
Car Data/ Floating Cellular Data, Sensing Technologies and others.
- Segmentation by Application: Emergency
Vehicle Notification System, Automatic Road Enforcement, Variable Speed
Limits, Collision Avoidance System among others.
Regional Analysis of Intelligent Road System Market:
By Region, North America has the leading market for intelligent road system and is expected to dominate the market over forecast period due to rising driver safety, reducing congestion and regulatory initiatives. Asia-pacific is the fastest growing region in intelligent road system market. China among all major developing economy is expected to grow at the highest CAGR of 15.54% over the forecast period.
By Region, North America has the leading market for intelligent road system and is expected to dominate the market over forecast period due to rising driver safety, reducing congestion and regulatory initiatives. Asia-pacific is the fastest growing region in intelligent road system market. China among all major developing economy is expected to grow at the highest CAGR of 15.54% over the forecast period.
Key Players
Some of the major players in Global Intelligent Road System Market include Ricardo Plc, TomTom International BV, Siemen AG, WS Atkins PLC, Kapsch Trafficcom, Q-Free ASA, EFKON AG, Iteris Inc., Lanner Electronics Inc., Roper Technologies Inc. and others.
Some of the major players in Global Intelligent Road System Market include Ricardo Plc, TomTom International BV, Siemen AG, WS Atkins PLC, Kapsch Trafficcom, Q-Free ASA, EFKON AG, Iteris Inc., Lanner Electronics Inc., Roper Technologies Inc. and others.
Target Audience
- Intelligent transportation
system providers
- Network providers
- Software providers
- Navigation and GPS
manufacturers
- Research & consultancy
- Government
- Technology investors
The report for Intelligent
Road System Market of Market Research Future comprises of
extensive primary research along with the detailed analysis of qualitative as
well as quantitative aspects by various industry experts, key opinion leaders
to gain the deeper insight of the market and industry performance. The report
gives the clear picture of current market scenario which includes historical
and projected market size in terms of value, technological advancement, macro
economical and governing factors in the market. The report provides details
information and strategies of the top key players in the industry. The report
also gives a broad study of the different market segments and regions.
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