Press release
Intelligent Road System (IRS) Market will reach 4870 million USD in2023
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 efficacy.
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Global Intelligent Road System (IRS) Market: Forecast by Type / Application / Region
The major growth driver of Intelligent Road System Market includes increasing concern about traffic congestion, increasing need of road safety improvements, and shifting of freight industry from unorganized to organized sector among others.
The global Intelligent Road System (IRS) market is valued at 2580 million USD in 2017 and is expected to reach 4870 million USD by the end of 2023, growing at a CAGR of 11.2% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Intelligent Road System (IRS).
This report studies the Intelligent Road System (IRS) market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Intelligent Road System (IRS) market by product type and applications/end industries.
Global Nonferrous Metal Recycling Market:Key Players
Ricardo
TomTom
International BV
Siemen
WS Atkins
Kapsch Trafficcom
Q-Free ASA
EFKON
Iteris
Lanner Electronics
Roper Technologies
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Related Information:
United States Intelligent Road System (IRS) Market 2018 Forecast to 2023
Europe Intelligent Road System (IRS) Market 2018 Forecast to 2023
North America Intelligent Road System (IRS) Market 2018 Forecast to 2023
Asia-Pacific Intelligent Road System (IRS) Market 2018 Forecast to 2023
China Intelligent Road System (IRS) Market 2018 Forecast to 2023
EMEA Intelligent Road System (IRS) Market 2018 Forecast to 2023
Global Intelligent Road System (IRS) Market 2018 Forecast to 2023
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