Intelligent Road Systems Market Analysis, Trends and Insights 2016-2027
Summary - A new market study, titled “Global Intelligent Road Systems Market Analysis & Forecast 2016 to 2027” has been featured on WiseGuyReports.
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 efficiency. Intelligent road system is a computerized system with
diverse applications connected with vehicle transportation, and provides live
feeds with the help of sophisticated sensors of smartphone and the equipment is
installed along roadside that includes cameras mounted on the traffic poles.
Intelligent road system
market is growing at a rapid pace. Increasing concern about traffic congestion
is one to the major market driver for the growth of intelligent road system
market. In the current scenario people are more concerned about convenient,
reliable and affordable travelling option. Intelligent road system helps to
guide travelers in real time on daily basis, helping in avoidance of
congestion. The study indicates that increasing need of road safety
improvements is driving the intelligent road system market. Intelligent road
systems use technology that enable government organizations and private users
to keep transportation systems performing as efficiently and as safely as
possible. Therefore increasing government initiatives are responsible for the
growth of market during the forecast period.
The global intelligent road systems market had
been valued at USD 25 billion in the year 2016, which is expected to reach USD
48 billion by the end of the forecast period; growing at ~ 11% CAGR.
Key Players
The key 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., and Roper Technologies Inc..
Global Intelligent Road Systems Market Analysis
& Forecast, from 2016 to 2022
• To provide detailed analysis of the market
structure along with forecast for the next 10 years of the various segments and
sub-segments included in global Intelligent road systems market with analysis
of its development and demand in the market
• Upcoming technologies, high growth geographies
and countries were identified
• Regional and country specific demand and
forecast for intelligent road systems were studied
• Key segments covered in the report are global
intelligent road systems by type, by application and sub-segments
• Unit breakdown for all different
classification was finalized; and same was referred for forecasting, keeping
few assumptions into factor
• For all the regions, forecast demand for all
applications were identified and then with historical figure, data collected
through primary and annual reports were triangulated to derive the regional
market size
• Historical trend is identified to forecast and
estimate the future value data
Target Audience
• Intelligent transportation system providers
• Network providers
• Software providers
• Navigation and GPS manufacturers
• Research & consultancy
• Government
• Technology investors
Key Findings
• On the basis of manufacturers, with respect to
value analysis, Siemen AG accounts for largest market share in the year 2016.
• On the basis of types, with respect to value
analysis, the computational technology accounts for the largest market share
and is growing at 13.85% CAGR, approximately, during forecast period.
• On the basis of applications, with respect to
value analysis the emergency vehicle notification system holds the largest
market growing at 15.61% CAGR, approximately, by the end of forecast period.
• Geographically, North America has been
projected to have the largest market share in global intelligent road systems
market throughout the forecast period.
Regional and Country Analysis of Intelligent
road systems Market Estimation and Forecast
The global intelligent road systems market is
expected to grow at a promising rate during the forecast period, 2016-2022.
Asia-Pacific is expected to be the fastest growing market due to the efforts
taken for improving the performance of overall transportation system.
The report also cover country level analysis:
• North America
• Europe
• Asia – Pacific
o China
o India
o Japan
o Southeast Asia
o Rest of Asia-Pacific
• Rest of the World
FOR MORE
DETAILS: https://www.wiseguyreports.com/reports/1218510-global-intelligent-road-systems-market-analysis-forecast-2016-to-2027
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