Intelligent Road System Market Demand, Overview, Price, Business Opportunities, COVID-19 Pandemic Impact, Competitive Landscape and Forecast to 2025
In its new research report, Market Research Future (MRFR), emphasizes that the global Intelligent Road System Market 2020 is expected to grow exponentially over the review period, securing a substantial market valuation of USD 54.5 billion by 2025, and a healthy 10.5% CAGR over the assessment period.
Drivers and Restraints
The Intelligent Road Network helps the effect of road travel on the environment by reducing congestion and collisions, improving driver safety, and helping to manage the transport system well. Increasing the number of applicants in transport operations has made logistics networks more complex. In addition, the need for a new type of transportation system is used in the current scenario to more effectively transfer data and information between partners, increase freight visibility, and also increase contact with logistic information.
Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/2579
Advancement in technology from the conventional transport management system to the smart road management systems leads to improved transportation operator efficiency. The reasons responsible for driving this sector's growth include a rise in traffic congestion rates due to population development, the need to enhance road safety due to rising traffic volumes, the need for businesses to collaborate with this technology division in order to expand their business and ensure timely deliveries. The factors that may prove to limit this sector's growth are slow growth in infrastructure upgrades and high deployment costs associated with these technologies.
Trends like in-vehicle management systems that use satellite communication are increasingly being used to provide fleet managers with organizational security as it tracks employee behavior data from a driver. Likewise, the use of vehicle-to-vehicle communications, or vehicle-to-infrastructure communications, allowing contact between traffic signals, other vehicles, etc., allow drivers to be aware of potential hazards through safety warnings. The use of Bluetooth connectivity also allows the combination of historical and live travel time data to help measure the time needed to complete the journey, as well as potential delays such as congestion and alternate routes, which can be taken accordingly. The most popular trend in this sector is that of autonomous vehicles, which can significantly alleviate the traffic problems that countries around the world face on a daily basis.
By type, the market has been segmented into wireless communication, computational technologies, floating car data/ floating cellular data, sensing technologies, and others.
By application, the market has been segregated into emergency vehicle notification systems, automatic road enforcement, variable speed limits, collision avoidance systems, and others.
The geographical analysis of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world (Latin America, the Middle East, and Africa).
North America has the leading market for intelligent road systems and is expected to dominate the market over the forecast period due to rising driver safety, reducing congestion, and regulatory initiatives. Moreover, the availability of funds, driven by stable economic dynamics, is creating opportunities for research and development projects, which will consequently drive the global intelligent road system market.
Asia-pacific is the fastest-growing region in the intelligent road system market. China, among all significant developing economies, is expected to grow at the highest CAGR over the forecast period. The APAC region is witnessing growth in the populace, which is driving the demand in the construction sector.
The major market players operating in the global market, as identified by MRFR are Ricardo PLC, TOMtom International BV, EFKON AG, Iteris, Inc., Siemens AG, WS Atkins PLC, Lanner Electronics Inc., Q-Free ASA, Kapsch Trafficcom, and Roper Technologies, Inc.
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/intelligent-road-system-market-2579
Market Research Future
+1 646 845 9312
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Intelligent Road System Market Demand, Overview, Price, Business Opportunities, COVID-19 Pandemic Impact, Competitive Landscape and Forecast to 2025 here
News-ID: 2230263 • Views: 475
More Releases from Market Research Future
Semiconductor IC Tester Market Growth Factor, Demand, Size, Share, Trends, Growt …
The Semiconductor IC Tester Market research report includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2019 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the Semiconductor IC Tester market growth. Semiconductor IC Tester is
Tilt Sensor Market Share, COVID-19 Pandemic Impact, Comprehensive Analysis, Oppo …
Global Tilt Sensor Market Highlights: The global Tilt Sensor Market is growing rapidly over 7.42% of CAGR and is expected to reach at USD 257.64 million by the end of forecast period. The global tilt sensor market has been witnessing a steady growth over the last few years on account of rapid growth of automobile and transportation market, high implementation of sensors in the constructions machines and rising demand for tilt
High Altitude Long Endurance Market Demand, Growth, COVID-19 Pandemic Impact, Ap …
High Altitude Long Endurance (Pseudo Satellite) Market Overview Market Research Future (MRFR) anticipates that the High Altitude Long Endurance Market 2020 could potentially achieve a strong valuation of USD 23 billion by 2022. The market is also projected to advance at an approximate rate of 9% between 2016 and 2022 (review period). We will provide covid-19 impact analysis with the report. The research on COVID-19 impact offers an in-depth analysis post
Function as a Service Market by Top Manufacturers, COVID-19 Pandemic Impact, App …
Market Highlights Function as a Service (FaaS) is the concept of serverless computing via serverless architectures. Software developers can leverage this to deploy an individual “function”, action, or piece of business logic. The serverless architecture has many benefits as, it reduces time to market, lowers the operational costs, reduces the complexity of software and others. Therefore, the demand for serverless architecture is driving the function as a service market. The factors driving
More Releases for Intelligent
Intelligent Transportation System Market
Intelligent Transportation System Market – Global Industry Analysis and Forecast (2017-2026) – By Offering, by type, by Component, Application, and Geography Intelligent Transportation System Market was valued US$ 20.2 Bn in 2017 and is expected to reach US$ 40.5 Bn by 2026 at CAGR of 9.08% during forecast period. Intelligent Transportation System Market (ITS) is a computerized system with diverse applications connected with vehicle transportation. Also, it provides travelers with important information
Intelligent Tamper-Proof Packaging Market -
Water proof or air proof was the term used for considering leak proof packing of any commodity earlier. In today’s generation, it is tamper resistance. Basically it means to protect a product or package from internal malfunctioning or sabotage. The use of tamper protection features for our smartphone screens is for sealing food items, that, if exposed to the air for a longer time may get contaminated like that of
An intelligent factory
The company Barberini, founded by Pietro Barberini in 1963, today is the world leader for production of optical glass solar lenses, with exclusive and sophisticated technical features, used by various luxury brands. The company controls the entire production chain, from the raw materials to the finished lenses, with cutting-edge industrial sites in Italy, a glass melting plant in Germany, and advanced technologies to produce polarizing lenses for sunglasses. In Italy, Barberini
Intelligent RFID Platform - Bringing Wireless Scalability to Intelligent Sensing
An intelligent RFID platform is basically a part of RFID middleware that enables the development and deployment of RFID systems. The intelligent RFID platform absorbs differences in different RFID tags from multiple suppliers. It then integrates the data to build scalable and flexible RFID solutions. The intelligent RFID platform has tools for monitoring and maintaining RFID systems. An RFID system is a wireless technology that uses radio waves for gathering
Aliens Space Station | Intelligent Living
Aliens Space Station is distinguished by its highest quality construction, prime location, aesthetic appeal, functional design and optimum use of space where every apartment is a result of meticulous planning, incorporating best practices, adhering to a structured quality manual as per ISO norms and 700 quality checks- starting from incoming raw material checks to handover of the flats where you have 28 different floor plans to choose from. Space Station
Experience intelligent connected manufacturing
Trebing + Himstedt will present numerous live demos, from 3-D worker instructions, to shop floor analytics, to predictive maintenance, at the Hannover Trade Fair 2016 Schwerin, March 8, 2016 – Trebing + Himstedt, SAP MES expert for consulting, implementation and licensing of SAP solutions in the production environment, presents practical example applications for intelligently connected production based on SAP MES and IoT solutions. Visitors to the Hannover Trade Fair can experience