Smart Roads Market Report Forecasts High Growth by 2022 - Scalar Market Research

With the increase in automated vehicles and traffic worldwide, there is also an increase in the risk of uncertainties. Smart road is an efficient solution for this problem. Smart roads enable easy driving for the driver as it guides him about the road. It even gives the information about the road that the driver cannot see. It signals the vehicle about any possible incident likely to happen. Smart roads are equipped with advanced sensors and technological equipment that assists the driver and makes driving more efficient and effortless. This report studies the current and future aspects of the smart roads market.

Download Free Sample: https://www.scalarmarketresearch.com/request-sample.php?id=1146

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the smart roads market. The scope of this report covers the smart roads market by its major segments, which include the types, applications, and the major geographic regions.

Enquiry Before Buying: https://www.scalarmarketresearch.com/enquire-before-buy.php?id=1146

KEY PREMIUM INDUSTRY INSIGHTS

1. Rise in automated vehicles and a discrepancy in traffic norms is increasing the chances of road accidents. Drivers need a specialized technology that can not only guide them about the road but also about the vehicle. This will make their driving experience more effortless.

2. Smart roads offer the absolute benefit of safe driving. Governments in various countries are taking efforts to make road driving safer, hence creating new growth opportunities for the smart roads market. Developing countries are also taking efforts to minimize road accidents and are using smart road options to cater to this problem.

The global smart roads market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The North America region holds the highest market share and is the largest revenue contributor for the smart roads market. The region is dominant because of advancement in technology. Countries like U.S. and Canada are advancing in the field of technology and manufacturing smart road equipment. They pay more attention to road safety and are therefore promoting the market growth. Next in line is the Europe region which is witnessing a rapid market growth during the forecasted period due to awareness about road safety measures. Asia-Pacific region is also growing steadily because of increased efforts by government to make roads safer for driving and reduce incidences of road accidents. Countries like China and Japan are paying more attention to road safety and working on creating smart roads.

KEY MARKET PLAYERS

Key players in the smart roads market include:

1. Alcatel Lucent
2. Kapsch AG
3. Indra Sistemas, S.A.
4. LG CNS
5. Siemens AG
6. Cisco
7. Kapsch TrafficCom
8. Xerox Corporation
9. Huawei

Browse Report: https://www.scalarmarketresearch.com/market-reports/smart-roads-market

About Scalar Market Research

Scalar Market Research Inc. aspires to assist organizations from around the world to achieve their business goal with premium market research reports and consulting services. Our real-time industry tracking with the help of advanced analytics offers a crystal clear view of all the activities in niche markets. Our team, with thorough global understanding, works relentlessly to gather the necessary market insights, including customer analysis, competitions and global forecast.

Find out more about our services at: www.scalarmarketresearch.com

Contact:
8770 W Bryn Mawr Ave.,
Suite 1300
Chicago, IL 60631
Tel.: +1-800-213-5170 (U.S./Canada Toll-free)
Email: sales@scalarmarketresearch.com

This release was published on openPR.