Smart Roads Market 2017 Segmentation, Application, Technology and Analysis Report by Forecast to 2027

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Pune, India — 12/26/2017 — Smart Roads Global Market Overview:

In the last few years, there has been several changes and upgradation in the current technological environment including in the field of making the roads and highways safer. With the growing the number of vehicles on roads, need of safety, reliability and congestion free roads are increasing. To overcome from these problems and others such as high travel time and population, companies are coming up with new technologies and plans. Smart Roads are one of the technological achievement which helps the commuters to eliminate the several hurdles which they come across in their everyday routine.

Smart Roads is a new concept of roads which includes several technological products such as ETC, lane departure warning system, ITS, intelligent signboards and others. Smart roads also include deployment of various sensors for the safety, security and communication purposes. These technologies are designed to help the drivers and riders with safe journey till their destination. Growing urbanization and need of safe roads are some of the major driving factor behind the growth of smart roads market.

Smart Roads Market is also expected to make significant difference on the roads as well as on the economy of the countries. Countries with the growing GDP attracts huge number of foreign players to enter into the market. These players invest in various industries and often set their plants and offices in the geographic boundaries of the countries. This move helps the country to generate more income and also generate more employment for their citizens. Smart road is a concept which requires huge integration of technology with the infrastructure which helps the core companies to expand their geographic presence and gain more market share by offering competitive products and technologies to the emerging countries.

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Major Key Players:
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) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global smart roads market. There are various factors which is driving the market of smart roads market. Heavy investment by the key companies and government initiatives towards the promotion of the good infrastructure are some of major driving factors.

Industry News:

July, 2017, Alcatel-Lucent Enterprise said that India will grow faster than any other market in the Asia-Pacific region. The company is collaborating with the various companies and government bodies for advancement in various industries including smart cities and smart roads. For the development of smart cities project, the company have collaborated with Nokia where both the companies will be working towards single aim of developing smart cities concept into reality. Huge potential in the infrastructure sector around the world is also one of the major reason why Alcatel-Lucent Enterprise in making collaboration with the other companies.

January, 2017, Kapsch TrafficCom AG and Fluidtime Data Services GmbH (Fluidtime) have announced they are joining forces in the area of integrated mobility solutions, with Kapsch buying a 75% stake in Fluidtime. Kapsch says the acquisition of Fluidtime strengthens its position to act as a platform- and service provider for forthcoming Mobility-as-a-Service (MaaS) schemes for cities, corporations and transport agencies. According to Kapsch, Fluidtime mobility platform provides urban travellers with real-time information about transport options and multimodal routes.

Smart Roads Global Market Segmentation:

Segmentation by 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

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Smart Roads Global Market Regional Analysis:
North America is dominating the market of smart roads market. Industrialization and investment of the local bodies in North American countries and presence of technologically advanced countries such as U.S. and Canada in the region gives a competitive advantage to the North America over other regions. Whereas Europe stands as second largest market of smart roads. Presence of several developed countries such as Germany, France, Italy, U.K. and Netherlands in the region is helping the market of smart roads in the Europe region. On the other hand, Asia-Pacific region has emerged as fastest growing market among all the regions.

The market is being driven by the various initiative of government of Asian countries such as China, Japan and India. China and India are also one of the largest potential market where the companies are making investment leading to heavy demand for smart road components. In the last ten years, the government of these countries have announced various collaboration with the multinational companies for upgrading their current infrastructure which includes roads as well. The companies are working closely with the local bodies of the government for the development and upgradation of the instructor.

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Maria Burns

Maria Burns

Maria is a Viral News Editor who graduated from the University Of California. She likes social media trends, being semi-healthy, Buffalo Wild Wings and vodka with lime. When she isn’t writing, Maria loves to travel. She last went to Thailand to play with elephants and is planning a trip to Bali.
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