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Intelligent Road System Market Future Outlook, COVID-19 Impact Analysis, Forecast - 2031

09-06-2024 04:55 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Intelligent Road System Market

Intelligent Road System Market

The global intelligent road system market is anticipated to grow at a significant CAGR during the forecast period. Intelligent transportation system (ITS) is a sophisticated application that aims to provide innovative services related to various modes of transportation and traffic management, as well as assisting users in becoming more informed and making safer, more coordinated, and 'smarter' use of transportation networks. The intelligent road system provides real-time guidance to travellers regularly, allowing them to avoid traffic jams. The global market for intelligent road systems is being boosted by the increased demand for road safety enhancements.

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Increased traffic congestion as a result of more vehicles on the road and population increase is a major driver of the global intelligent road system market. The rapid growth in traffic volumes creates a large demand for improvements in road safety, which is a key factor accelerating market growth. Other major factors boosting the global intelligent road system market include the launch of new vehicles, increased demand for new vehicles, and increased research and development activities in the market.

Full report of Intelligent Road System Market available @ https://www.omrglobal.com/industry-reports/intelligent-road-system-market

Market Coverage

Segment Covered
Competitive Landscape: Ricardo PLC, EFKON AG, TOMtom International BV, Iteris Inc., Lanner Electronics Inc. and others

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Intelligent Road System Market by Segments

By Application

Emergency Vehicle Notification Systems
Automatic Road Enforcement
Variable Speed Limits
Collision Avoidance Systems


Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/intelligent-road-system-market

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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