Smart Roads Market Research Report - Global Forecast to 2027

Global Smart Roads Market Research: By Technology (Transportation and Communication Systems, Traffic Management System), by Sensor (Anemometers, Strain Gauges, Accelerometers, Temperature Sensors), by Deployment (On-Premise, On-Cloud) - Forecast to 2027

ID: MRFR/SEM/0494-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of the report has been updated from 2017-2023 to 2020-2027. Cordially fill Sample form for the updated data.

Market synopsis


With technology, the world becomes smarter. However, the introduction of automated vehicles has increased the risk of on-road accidents by such vehicles. 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. Heavy investment by major players and government initiatives towards the promotion of the good infrastructure is one of the major drivers of the market. A major trend in the smart roads market is the electrically connected smart roads. These roads along with related technologies try to reduce the vehicle emissions by identifying the best and shortest route for any vehicle to reach its destination. Additionally, the rise in the global traffic marks and need for a better traffic management system creating an opportunity for the smart roads market to develop an advanced infrastructure for the connected vehicles and roadside assistance.


Many integrated systems are applied in the smart roads such as vehicle infrastructure integration, structural health monitoring for roads (highways and state roads), intelligent transportation system or connected vehicle system, photovoltaic pavement, wireless vehicle charging system, and road markings. Photovoltaic pavements are a type of pavement that generate electricity by gathering solar radiations with photovoltaic. These photovoltaic materials can be used in parking lots, footpaths, driveways, streets and highways. Smart roads are a crucial component for a smart city to be operational. 


Segmentation


On the basis of technology, the market is segmented into transportation and communication system (ANPR- Automatic Number Plate Recognition, Lane warning/keeping systems, Wireless Radio Communication) and Traffic Management System (GPS and Advanced Traffic Management System).


On the basis of the sensor, the market is segmented into anemometers, strain gauges, accelerometers, weigh-in-motion devices, temperature sensors among others.


On the basis of deployment, the market is segmented into on-premise and on-cloud.


Regional analysis


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. Virginia in the U.S. has developed the first 3.5 km long smart road and is currently being tested by the many companies. This road is equipped with a high class sensor and other equipment’s and expected that soon the smart road concept will become reality in other countries. The Asia Pacific has emerged as the fastest growing market with countries like China and Japan, which are now paying high attention to the road safety are working on various projects for the smart road.


Key players


Some of the prominent players in the market of smart roads are Alcatel Lucent (France), Kapsch AG (Austria), Indra Sistemas, S.A. (Madrid), LG CNS (South Korea), Siemens AG (Germany), Cisco (U.S.), Kapsch TrafficCom (Austria), Xerox Corporation (U.S.), Huawei (China) among others.


The competitive landscape of the smart roads market involves key players from various industries integrating their services and products. These key players constantly keep innovating and investing in research and development for a cost-effective portfolio. Apart from the key players, there are certain start-ups and new entrants stepping into the smart roads market as this market is one of the biggest segments of the larger smart cities market.


Global Smart Roads Market, USD Billion Smart Roads Market Image


 


Intended Audience



  • Smart Roads Market services providers

  • IT providers

  • Smart components manufacturers

  • Government agencies

  • Cloud Service providers

  • Auto components manufacturers

  • Value-added resellers

  • Construction builders

  • Research firms



Report Scope:
Report Attribute/Metric Details
  Market Size   Significant Value
  CAGR   16%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Technology, Sensor, Deployment
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Alcatel Lucent (France), Kapsch AG (Austria), Indra Sistemas, S.A. (Madrid), LG CNS (South Korea), Siemens AG (Germany), Cisco (U.S.), Kapsch TrafficCom (Austria), Xerox Corporation (U.S.), Huawei (China)
  Key Market Opportunities

  • Advanced infrastructure for the connected vehicles and roadside assistance.
  • The rise in the global traffic marks.
  •   Key Market Drivers

  • Heavy investment by major players.
  • Government initiatives towards the promotion of the good infrastructure.


  • Frequently Asked Questions (FAQ) :


    A major trend penetrating the global smart roads market refers to electrically connected smart roads. These types of roads coupled with the associated technologies help bring down vehicle emissions by analyzing the best and the shortest route for the vehicle to reach its destination.

    The technology-based market segments covered in the report are transportation and communication system (Lane warning/keeping systems, ANPR- Automatic Number Plate Recognition and Wireless Radio Communication) as well as Traffic Management System (GPS & Advanced Traffic Management System).

    Growth in traffic marks across the globe coupled with the rising need for an improved traffic management system can give rise several opportunities for the smart roads market to progress in the near future.

    The competitive landscape of the global market for smart roads consists of several renowned companies belonging to different industries that integrate their services as well as products. These companies are always striving to innovate and invest in research and development for an affordable and appealing portfolio.

    The Asia Pacific market can achieve the fastest growth rate during the review period.

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Five Forces Analysis

    4.1.1 Threat of New Entrants

    4.1.2 Bargaining power of buyers

    4.1.3 Threat of substitutes

    4.1.4 Segment rivalry

    4.2 Value Chain/Supply Chain of Global Smart Roads Market

    5 Deployment Overview of Global Smart Roads Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact analysis

    5.4 Market Challenges

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact analysis

    7. Global Smart Roads Market by Technology

    7.1 Introduction

    7.2 Transportation and Communication System

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2 Market Estimates & Forecast by Region, 2020-2027

    7.3 Traffic Management System

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast by Region, 2020-2027

    8. Global Smart Roads Market by Sensors

    8.1 Introduction

    8.2 Anemometers

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.2.2 Market Estimates & Forecast by Region, 2020-2027

    8.3 Strain Gauge

    8.3.1 Market Estimates & Forecast, 2020-2027

    8.3.2 Market Estimates & Forecast by Region, 2020-2027

    8.4 Accelerometers

    8.4.1 Market Estimates & Forecast, 2020-2027

    8.4.2 Market Estimates & Forecast by Region, 2020-2027

    8.5 Weigh-in-motion Devices

    8.5.1 Market Estimates & Forecast, 2020-2027

    8.5.2 Market Estimates & Forecast by Region, 2020-2027

    8.5 Temperature Sensors

    8.5.1 Market Estimates & Forecast, 2020-2027

    8.5.2 Market Estimates & Forecast by Region, 2020-2027

    9. Global Smart Roads Market by Deployment

    9.1 Introduction

    9.2 On-Premise

    9.2.1 Market Estimates & Forecast, 2020-2027

    9.2.2 Market Estimates & Forecast by Region, 2020-2027

    9.3 On Cloud

    9.3.1 Market Estimates & Forecast, 2020-2027

    9.3.2 Market Estimates & Forecast by Region, 2020-2027

    10. Global Smart Roads Market by Region

    10.1 Introduction

    10.2 North America

    10.2.1 Market Estimates & Forecast, 2020-2027

    10.2.2 Market Estimates & Forecast by Technology, 2020-2027

    10.2.3 Market Estimates & Forecast by Sensors, 2020-2027

    10.2.4 Market Estimates & Forecast by Deployment, 2020-2027

    10.2.5 U.S.A

    10.2.5.1 Market Estimates & Forecast, 2020-2027

    10.2.5.2 Market Estimates & Forecast by Technology, 2020-2027

    10.2.5.3 Market Estimates & Forecast by Sensors, 2020-2027

    10.2.5.4 Market Estimates & Forecast by Deployment, 2020-2027

    10.2.6 Mexico

    10.2.6.1 Market Estimates & Forecast, 2020-2027

    10.2.6.2 Market Estimates & Forecast by Technology, 2020-2027

    10.2.6.3 Market Estimates & Forecast by Sensors, 2020-2027

    10.2.6.4 Market Estimates & Forecast by Deployment, 2020-2027

    10.2.7 Canada

    10.2.7.1 Market Estimates & Forecast, 2020-2027

    10.2.7.2 Market Estimates & Forecast by Technology, 2020-2027

    10.2.7.3 Market Estimates & Forecast by Sensors, 2020-2027

    10.2.7.4 Market Estimates & Forecast by Deployment, 2020-2027

    10.3 Europe

    10.3.1 Market Estimates & Forecast, 2020-2027

    10.3.2 Market Estimates & Forecast by Technology, 2020-2027

    10.3.3 Market Estimates & Forecast by Sensors, 2020-2027

    10.3.4 Market Estimates & Forecast by Deployment, 2020-2027

    10.3.5 Germany

    10.3.5.1 Market Estimates & Forecast, 2020-2027

    10.3.5.2 Market Estimates & Forecast by Technology, 2020-2027

    10.3.5.3 Market Estimates & Forecast by Sensors, 2020-2027

    10.3.5.4 Market Estimates & Forecast by Deployment, 2020-2027

    10.3.6. France

    10.3.6.1 Market Estimates & Forecast, 2020-2027

    10.3.6.2 Market Estimates & Forecast by Technology, 2020-2027

    10.3.6.3 Market Estimates & Forecast by Sensors, 2020-2027

    10.3.6.4 Market Estimates & Forecast by Deployment, 2020-2027

    10.3.7 U.K

    10.3.7.1 Market Estimates & Forecast, 2020-2027

    10.3.7.2 Market Estimates & Forecast by Technology, 2020-2027

    10.3.7.3 Market Estimates & Forecast by Sensors, 2020-2027

    10.3.7.4 Market Estimates & Forecast by Deployment, 2020-2027

    10.4 Asia Pacific

    10.4.1 Market Estimates & Forecast, 2020-2027

    10.4.2 Market Estimates & Forecast by Technology, 2020-2027

    10.4.3 Market Estimates & Forecast by Sensors, 2020-2027

    10.4.4 Market Estimates & Forecast by Deployment, 2020-2027

    10.4.5 China

    10.4.5.1 Market Estimates & Forecast, 2020-2027

    10.4.5.2 Market Estimates & Forecast by Technology, 2020-2027

    10.4.5.3 Market Estimates & Forecast by Sensors, 2020-2027

    10.4.5.4 Market Estimates & Forecast by Deployment, 2020-2027

    10.4.6 India

    10.4.6.1 Market Estimates & Forecast, 2020-2027

    10.4.6.2 Market Estimates & Forecast by Technology, 2020-2027

    10.4.6.3 Market Estimates & Forecast by Sensors, 2020-2027

    10.4.6.3 Market Estimates & Forecast by Deployment, 2020-2027

    10.4.7 Japan

    10.4.7.1 Market Estimates & Forecast, 2020-2027

    10.4.7.2 Market Estimates & Forecast by Technology, 2020-2027

    10.4.7.3 Market Estimates & Forecast by Sensors, 2020-2027

    10.4.7.4 Market Estimates & Forecast by Deployment, 2020-2027

    10.4.8 Rest of Asia Pacific

    10.4.8.1 Market Estimates & Forecast, 2020-2027

    10.4.8.2 Market Estimates & Forecast by Technology, 2020-2027

    10.4.8.3 Market Estimates & Forecast by Sensors, 2020-2027

    10.4.8.4 Market Estimates & Forecast by Deployment, 2020-2027

    10.5 Rest of the World

    10.5.1 Market Estimates & Forecast, 2020-2027

    10.5.2 Market Estimates & Forecast by Technology, 2020-2027

    10.5.3 Market Estimates & Forecast by Sensors, 2020-2027

    10.5.4 Market Estimates & Forecast by Deployment, 2020-2027

    10.5.5 Middle East & Africa

    10.5.5.1 Market Estimates & Forecast, 2020-2027

    10.5.5.2 Market Estimates & Forecast by Technology, 2020-2027

    10.5.5.3 Market Estimates & Forecast by Sensors, 2020-2027

    10.5.5.4 Market Estimates & Forecast by Deployment, 2020-2027

    10.5.6 Latin Countries

    10.5.6.1 Market Estimates & Forecast, 2020-2027

    10.5.6.2 Market Estimates & Forecast by Technology, 2020-2027

    10.5.6.3 Market Estimates & Forecast by Sensors, 2020-2027

    10.5.6.4 Market Estimates & Forecast by Deployment, 2020-2027

    11. Company Landscape

    12. Company Profiles

    12.1 Alcatel Lucent (France)

    12.1.1 Company Overview

    12.1.2 Product/Business Segment Overview

    12.1.3 Financial Updates

    12.1.4 Key Developments

    12.2 Kapsch AG (Austria)

    12.2.1 Company Overview

    12.2.2 Product/Business Segment Overview

    12.2.3 Financial Updates

    12.2.4 Key Developments

    12.3 Indra Sistemas, S.A. (Madrid)

    12.3.1 Company Overview

    12.3.2 Product/Business Segment Overview

    12.3.3 Financial Updates

    12.3.4 Key Developments

    12.4 LG CNS (South Korea)

    12.4.1 Company Overview

    12.4.2 Product/Business Segment Overview

    12.4.3 Financial Updates

    12.4.4 Key Developments

    12.5 Siemens AG (Germany)

    12.5.1 Company Overview

    12.5.2 Product/Business Segment Overview

    12.5.3 Financial Updates

    12.5.4 Key Developments

    12.6 Cisco (U.S.)

    12.6.1 Company Overview

    12.6.2 Product/Business Segment Overview

    12.6.3 Financial Updates

    12.6.4 Key Developments

    12.7 Xerox Corporation (U.S.)

    12.7.1 Company Overview

    12.7.2 Product/Business Segment Overview

    12.7.3 Financial Updates

    12.7.4 Key Developments

    12.8 Huawei (China)

    12.8.1 Company Overview

    12.8.2 Product/Business Segment Overview

    12.8.3 Financial Updates

    12.8.4 Key Developments

    12.9 Kapsch TrafficCom (Austria),

    12.9.1 Company Overview

    12.9.2 Product/Business Segment Overview

    12.9.3 Financial Updates

    12.9.4 Key Developments

    12.10 Others

    11 Conclusion

    LIST OF TABLES

    Table1 World Population by Major Regions (2020 To 2030)

    Table2 Global Smart Roads Market: By Region, 2020-2027

    Table3 North America Smart Roads Market: By Country, 2020-2027

    Table4 Europe Smart Roads Market: By Country, 2020-2027

    Table5 Asia-Pacific Smart Roads Market: By Country, 2020-2027

    Table6 Middle East & Africa Smart Roads Market: By Country, 2020-2027

    Table7 Latin America Smart Roads Market: By Country, 2020-2027

    Table8 Global Smart Roads by Technology Market: By Regions, 2020-2027

    Table9 North America Smart Roads by Technology Market: By Country, 2020-2027

    Table10 Europe Smart Roads by Technology Market: By Country, 2020-2027

    Table11 Asia-Pacific Smart Roads by Technology Market: By Country, 2020-2027

    Table12 Middle East & Africa Smart Roads by Technology Market: By Country, 2020-2027

    Table13 Latin America Smart Roads by Technology Market: By Country, 2020-2027

    Table14 Global Smart Roads by Deployment Market: By Regions, 2020-2027

    Table15 North America Smart Roads by Deployment Market: By Country, 2020-2027

    Table16 Europe Smart Roads by Deployment Market: By Country, 2020-2027

    Table20 Asia-Pacific Smart Roads by Deployment Market: By Country, 2020-2027

    Table18 Middle East & Africa Smart Roads by Deployment Market: By Country, 2020-2027

    Table19 Latin America Smart Roads by Deployment Market: By Country, 2020-2027

    Table20 North America Smart Roads for Deployment Market: By Country, 2020-2027

    Table21 Europe Smart Roads for Deployment Market: By Country, 2020-2027

    Table22 Asia-Pacific Smart Roads for Deployment Market: By Country, 2020-2027

    Table27 Middle East & Africa Smart Roads for Deployment Market: By Country, 2020-2027

    Table24 Global Technology Market: By Region, 2020-2027

    Table25 Global Deployment Market: By Region, 2020-2027

    Table26 Global Deployment Market: By Region, 2020-2027

    Table27 North America Smart Roads Market, By Country

    Table28 North America Smart Roads Market, By Technology

    Table29 North America Smart Roads Market, By Sensors

    Table30 Europe: Smart Roads Market, By Sensors

    Table31 Europe: Smart Roads Market, By Technology

    Table32 Asia-Pacific: Smart Roads Market, By Country

    Table33 Asia-Pacific: Smart Roads Market, By Technology

    Table34 Asia-Pacific: Smart Roads Market, By Sensors

    Table35 Middle East & Africa: Smart Roads Market, By Country

    Table36 Middle East & Africa Smart Roads Market, By Technology

    Table37 Middle East & Africa Smart Roads Market, By Sensors

    Table38 Latin America: Smart Roads Market, By Country

    Table39 Latin America Smart Roads Market, By Technology

    Table40 Latin America Smart Roads Market, By Sensors

    Table41 Latin America: Smart Roads Market, By Deployment

    LIST OF FIGURES

    FIGURE 1 Global Smart Roads market segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Five Forces Analysis of Global Smart Roads Market

    FIGURE 4 Value Chain of Global Smart Roads Market

    FIGURE 5 Share of Global Smart Roads Market in 2020, by country (in %)

    FIGURE 6 Global Smart Roads Market, 2020-2027,

    FIGURE 7 Sub segments of Technology

    FIGURE 8 Global Smart Roads Market size by Technology, 2020

    FIGURE 9 Share of Global Smart Roads Market by Technology, 2020 TO 2027

    FIGURE 10 Global Smart Roads Market size by Sensors, 2020

    FIGURE 10 Share of Global Smart Roads Market by Sensors, 2020 TO 2027

    FIGURE 12 Global Smart Roads Market size by Deployment, 2020

    FIGURE 14 Share of Global Smart Roads Market by Deployment, 2020 TO 2027