Smart Roads Market Research Report - Global Forecast to 2023

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 2023

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

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



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, 2017-2023

7.2.2 Market Estimates & Forecast by Region, 2017-2023

7.3 Traffic Management System

7.3.1 Market Estimates & Forecast, 2017-2023

7.3.2 Market Estimates & Forecast by Region, 2017-2023

8. Global Smart Roads Market by Sensors

8.1 Introduction

8.2 Anemometers

8.2.1 Market Estimates & Forecast, 2017-2023

8.2.2 Market Estimates & Forecast by Region, 2017-2023

8.3 Strain Gauge

8.3.1 Market Estimates & Forecast, 2017-2023

8.3.2 Market Estimates & Forecast by Region, 2017-2023

8.4 Accelerometers

8.4.1 Market Estimates & Forecast, 2017-2023

8.4.2 Market Estimates & Forecast by Region, 2017-2023

8.5 Weigh-in-motion Devices

8.5.1 Market Estimates & Forecast, 2017-2023

8.5.2 Market Estimates & Forecast by Region, 2017-2023

8.5 Temperature Sensors

8.5.1 Market Estimates & Forecast, 2017-2023

8.5.2 Market Estimates & Forecast by Region, 2017-2023

9. Global Smart Roads Market by Deployment

9.1 Introduction

9.2 On-Premise

9.2.1 Market Estimates & Forecast, 2017-2023

9.2.2 Market Estimates & Forecast by Region, 2017-2023

9.3 On Cloud

9.3.1 Market Estimates & Forecast, 2017-2023

9.3.2 Market Estimates & Forecast by Region, 2017-2023

10. Global Smart Roads Market by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, 2017-2023

10.2.2 Market Estimates & Forecast by Technology, 2017-2023

10.2.3 Market Estimates & Forecast by Sensors, 2017-2023

10.2.4 Market Estimates & Forecast by Deployment, 2017-2023

10.2.5 U.S.A

10.2.5.1 Market Estimates & Forecast, 2017-2023

10.2.5.2 Market Estimates & Forecast by Technology, 2017-2023

10.2.5.3 Market Estimates & Forecast by Sensors, 2017-2023

10.2.5.4 Market Estimates & Forecast by Deployment, 2017-2023

10.2.6 Mexico

10.2.6.1 Market Estimates & Forecast, 2017-2023

10.2.6.2 Market Estimates & Forecast by Technology, 2017-2023

10.2.6.3 Market Estimates & Forecast by Sensors, 2017-2023

10.2.6.4 Market Estimates & Forecast by Deployment, 2017-2023

10.2.7 Canada

10.2.7.1 Market Estimates & Forecast, 2017-2023

10.2.7.2 Market Estimates & Forecast by Technology, 2017-2023

10.2.7.3 Market Estimates & Forecast by Sensors, 2017-2023

10.2.7.4 Market Estimates & Forecast by Deployment, 2017-2023

10.3 Europe

10.3.1 Market Estimates & Forecast, 2017-2023

10.3.2 Market Estimates & Forecast by Technology, 2017-2023

10.3.3 Market Estimates & Forecast by Sensors, 2017-2023

10.3.4 Market Estimates & Forecast by Deployment, 2017-2023

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast, 2017-2023

10.3.5.2 Market Estimates & Forecast by Technology, 2017-2023

10.3.5.3 Market Estimates & Forecast by Sensors, 2017-2023

10.3.5.4 Market Estimates & Forecast by Deployment, 2017-2023

10.3.6. France

10.3.6.1 Market Estimates & Forecast, 2017-2023

10.3.6.2 Market Estimates & Forecast by Technology, 2017-2023

10.3.6.3 Market Estimates & Forecast by Sensors, 2017-2023

10.3.6.4 Market Estimates & Forecast by Deployment, 2017-2023

10.3.7 U.K

10.3.7.1 Market Estimates & Forecast, 2017-2023

10.3.7.2 Market Estimates & Forecast by Technology, 2017-2023

10.3.7.3 Market Estimates & Forecast by Sensors, 2017-2023

10.3.7.4 Market Estimates & Forecast by Deployment, 2017-2023

10.4 Asia Pacific

10.4.1 Market Estimates & Forecast, 2017-2023

10.4.2 Market Estimates & Forecast by Technology, 2017-2023

10.4.3 Market Estimates & Forecast by Sensors, 2017-2023

10.4.4 Market Estimates & Forecast by Deployment, 2017-2023

10.4.5 China

10.4.5.1 Market Estimates & Forecast, 2017-2023

10.4.5.2 Market Estimates & Forecast by Technology, 2017-2023

10.4.5.3 Market Estimates & Forecast by Sensors, 2017-2023

10.4.5.4 Market Estimates & Forecast by Deployment, 2017-2023

10.4.6 India

10.4.6.1 Market Estimates & Forecast, 2017-2023

10.4.6.2 Market Estimates & Forecast by Technology, 2017-2023

10.4.6.3 Market Estimates & Forecast by Sensors, 2017-2023

10.4.6.3 Market Estimates & Forecast by Deployment, 2017-2023

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, 2017-2023

10.4.7.2 Market Estimates & Forecast by Technology, 2017-2023

10.4.7.3 Market Estimates & Forecast by Sensors, 2017-2023

10.4.7.4 Market Estimates & Forecast by Deployment, 2017-2023

10.4.8 Rest of Asia Pacific

10.4.8.1 Market Estimates & Forecast, 2017-2023

10.4.8.2 Market Estimates & Forecast by Technology, 2017-2023

10.4.8.3 Market Estimates & Forecast by Sensors, 2017-2023

10.4.8.4 Market Estimates & Forecast by Deployment, 2017-2023

10.5 Rest of the World

10.5.1 Market Estimates & Forecast, 2017-2023

10.5.2 Market Estimates & Forecast by Technology, 2017-2023

10.5.3 Market Estimates & Forecast by Sensors, 2017-2023

10.5.4 Market Estimates & Forecast by Deployment, 2017-2023

10.5.5 Middle East & Africa

10.5.5.1 Market Estimates & Forecast, 2017-2023

10.5.5.2 Market Estimates & Forecast by Technology, 2017-2023

10.5.5.3 Market Estimates & Forecast by Sensors, 2017-2023

10.5.5.4 Market Estimates & Forecast by Deployment, 2017-2023

10.5.6 Latin Countries

10.5.6.1 Market Estimates & Forecast, 2017-2023

10.5.6.2 Market Estimates & Forecast by Technology, 2017-2023

10.5.6.3 Market Estimates & Forecast by Sensors, 2017-2023

10.5.6.4 Market Estimates & Forecast by Deployment, 2017-2023

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 (2017 To 2030)

Table2 Global Smart Roads Market: By Region, 2017-2023

Table3 North America Smart Roads Market: By Country, 2017-2023

Table4 Europe Smart Roads Market: By Country, 2017-2023

Table5 Asia-Pacific Smart Roads Market: By Country, 2017-2023

Table6 Middle East & Africa Smart Roads Market: By Country, 2017-2023

Table7 Latin America Smart Roads Market: By Country, 2017-2023

Table8 Global Smart Roads by Technology Market: By Regions, 2017-2023

Table9 North America Smart Roads by Technology Market: By Country, 2017-2023

Table10 Europe Smart Roads by Technology Market: By Country, 2017-2023

Table11 Asia-Pacific Smart Roads by Technology Market: By Country, 2017-2023

Table12 Middle East & Africa Smart Roads by Technology Market: By Country, 2017-2023

Table13 Latin America Smart Roads by Technology Market: By Country, 2017-2023

Table14 Global Smart Roads by Deployment Market: By Regions, 2017-2023

Table15 North America Smart Roads by Deployment Market: By Country, 2017-2023

Table16 Europe Smart Roads by Deployment Market: By Country, 2017-2023

Table17 Asia-Pacific Smart Roads by Deployment Market: By Country, 2017-2023

Table18 Middle East & Africa Smart Roads by Deployment Market: By Country, 2017-2023

Table19 Latin America Smart Roads by Deployment Market: By Country, 2017-2023

Table20 North America Smart Roads for Deployment Market: By Country, 2017-2023

Table21 Europe Smart Roads for Deployment Market: By Country, 2017-2023

Table22 Asia-Pacific Smart Roads for Deployment Market: By Country, 2017-2023

Table23 Middle East & Africa Smart Roads for Deployment Market: By Country, 2017-2023

Table24 Global Technology Market: By Region, 2017-2023

Table25 Global Deployment Market: By Region, 2017-2023

Table26 Global Deployment Market: By Region, 2017-2023

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 2017, by country (in %)

FIGURE 6 Global Smart Roads Market, 2017-2023,

FIGURE 7 Sub segments of Technology

FIGURE 8 Global Smart Roads Market size by Technology, 2017

FIGURE 9 Share of Global Smart Roads Market by Technology, 2017 TO 2023

FIGURE 10 Global Smart Roads Market size by Sensors, 2017

FIGURE 10 Share of Global Smart Roads Market by Sensors, 2017 TO 2023

FIGURE 12 Global Smart Roads Market size by Deployment, 2017

FIGURE 14 Share of Global Smart Roads Market by Deployment, 2017 TO 2023