Global Smart Roads Market Analysis, Key Players, Demand and Forecast to 2027

Key Players of Smart Roads Market:
• Alcatel Lucent (France)
• Kapsch AG (Austria)
• Indra Sistemas, S.A. (Madrid)
• LG CNS (South Korea)
• Siemens AG (Germany)
• Cisco (U.S.)
• Kapsch TrafficCom (Austria)
• Xerox Corporation (U.S.)
• Huawei (China)

Industry News:
• In May 2016, Huawei announced the collaboration with Dubai Police to make the road safer with the help of advance technology.
• In April 2016, Kapsch TrafficCom announced the acquisition of Schneider Electric’s Transportation Business which is a provider of real time IT solutions and one of the best intelligent transportation systems.
• In October 2016, Siemens AG announced the collaboration with Cohda Wireless to work together on smart road project.

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Market Segmentation:
Segmentation Technology: Transportation and communication systems (ANPR- Automatic Number Plate Recognition, Lane warning/keeping systems, Wireless Radio Communication), Traffic Management System (GPS and Advanced Traffic Management System)
Segmentation by Sensor: Anemometers, strain gauges, accelerometers, weigh-in-motion devices, temperature sensors among others.
Segmentation by Deployment: On-Premise & On-Cloud.

Market Scenario:
World is becoming smarter and with the introduction of automated vehicles, risk of uncertainty is also increasing. Smart Road is an option to this problem. Smart roads guides the drivers of any object which is in front of him or he’s not able to see. It will signal the vehicle about any possible incident which can occur. This roads are equipped with advance sensors and technological equipment’s and help the driver to travel without any worries. Currently smart road market has been valued at US $XX million and growing with the CAGR of XX%. As the technology is growing and government is taking part for making their roads more safer, it is expected that smart market will reach the market size of US $XX billion by the end of forecasted period.
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Study Objective of Smart Roads Market:
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Smart Roads Market.
• To provide insights about factors affecting the market growth.
• To analyze the Smart Roads market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
• To provide country level analysis of the market with respect to the current market size and future prospective.
• To provide country level analysis of the market for segment by technology, by sensors, by deployment and sub-segments.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Smart Roads Market.

Regional Analysis:
North America is dominating the market of Smart Road due to the technological advancement. Countries like US and Canada which are highly advanced countries in the field of technology consist many players which are in manufacturing of smart road equipment’s. These countries pays high attention to the road safety and as a result smart road becomes a good option. Europe stand as second biggest market for smart road with the market share of XX% and has been valued at US $XX million. Asia-Pacific has emerged as fastest growing market with the CAGR of XX% for smart road. Countries like China and Japan which are now paying high attention to the road safety are working on various projects for smart road.

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