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 The global Smart Roads market size is projected to reach US$ 3724.5 million by 2027, from US$ 1051.5 million in 2020, at a CAGR of 19.3% during 2021-2027. With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Smart Roads market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Smart Roads market in terms of revenue. On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Smart Roads market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Smart Roads market. Global Smart Roads Scope and Market Size Smart Roads market is segmented by company, region (country), 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 2016-2027. Segment by Type Transportation and Communication System Traffic Management System Others Segment by Application Urban Traffic Highway Others By Region North America U.S. Canada Europe Germany France U.K. Italy Russia Nordic Rest of Europe Asia-Pacific China Japan South Korea Southeast Asia India Australia Rest of Asia Latin America Mexico Brazil Rest of Latin America Middle East & Africa Turkey Saudi Arabia UAE Rest of MEA By Company Indra Sistemas IBM Swarco Holding Alcatel Lucent Kapsch LG CNS Siemens Cisco Systems Schneider Electric Xerox Huawei
1 Report Overview 1.1 Study Scope 1.2 Market Analysis by Type 1.2.1 Global Smart Roads Market Size Growth Rate by Type: 2016 VS 2021 VS 2027 1.2.2 Transportation and Communication System 1.2.3 Traffic Management System 1.2.4 Others 1.3 Market by Application 1.3.1 Global Smart Roads Market Share by Application: 2016 VS 2021 VS 2027 1.3.2 U
