Global Intelligent road systems Market is expected to reach USD 48 billion by the end of the forecast period.
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.
Pune, India – June 29, 2017 /MarketersMedia/ —
Introduction:
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.
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Key Findings
1) On the basis of manufacturers, with respect to value analysis, Siemen AG accounts for largest market share in the year 2016.
2) 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.
3) 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.
4) Geographically, North America has been projected to have the largest market share in global intelligent road systems market throughout the forecast period.
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..
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.
Target Audience
1) Intelligent transportation system providers
2) Network providers
3) Software providers
4) Navigation and GPS manufacturers
5) Research & consultancy
6) Government
7) Technology investors
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