Temperature Smart Roads Market to Exhibit a Remarkable CAGR of 18.8% by 2029, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

Data Bridge Market Research analyses that the temperature smart roads market was valued at USD 35.3 billion in 2021 and is expected to reach the value of USD 140.06 billion by 2029, at a CAGR of 18.8% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Market Definition:

Smart roads are infrastructural roads integrated with advanced technologies to improve traffic management and flow. The roads have artificial intelligence (AI), big data, and Internet of Things (IoT)-enabled speed and acoustic sensors, solar panels, closed-circuit television (CCTV) cameras, and digital signage. These embedded technologies improve visibility, generate energy, communicate with autonomous and connected vehicles, and monitor road conditions. They also collect and analyze real-time traffic and vehicle data to reduce street congestion and optimize e-tolling, payment gateways, and parking experiences.

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Some of the major players operating in the temperature smart roads market are:

• Kapsch Traffic Com (Austria)
• Thales (France)
• Alstom (France)
• MSR-Traffic GmbH (Germany)
• Cubic Corporation (U.S.)
• SNC-Lavalin (U.K.)
• Cisco System, Inc. (U.S.)
• (Ireland)
• IBM (U.S.)
• LG CNS (South Korea)
• TOSHIBA CORPORATION (Japan)

Competitive Landscape and Temperature Smart Roads Market Share Analysis:

The temperature smart roads market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to temperature smart roads market.

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