Intelligent Road System Market Overview
The rising factors liable for driving growth of the market contain an increase in levels of holdup because of the additional range of vehicles on the road and growth. Rapid growth within the traffic volumes creates massive demand for enhancements in road safety, that calculable to contribute market growth over forecasted amount. With mounting levels of population density and upsurge in distances because of the wide spread of society, having own personal transport of assorted varieties has become necessary also as standing image for several folks. Intensification within the levels of cars on the roads alongside parking issues in various industrial and residential areas' junction rectifier to higher demand for advanced cars. This situation has fuelled the event of the intelligent road system. The utilization of car to vehicle communications, or vehicle to infrastructure communications, allowing for communication among traffic signals, alternative vehicles, etc. this permits drivers to be alert of potential hazards by the approach of safety aspects. The availability of Bluetooth, sensors, satellite communications, and GPS systems additionally empower combining of historical and live time period knowledge, which may facilitate in shrewd the length needed to finish the trip and potential disruptions like congestions and different routes which will be handily used.
The foremost expressively well-liked trend during this market is that of autonomous vehicles which will significantly relieve the traffic problems. The factors which will hamper the expansion of this market square measure sluggish growth in infrastructure development and high implementation prices associated with such technologies.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Application and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Nuance Communications, Inc., Q-Free ASA, Siemens AG, TomTom International BV, TransCore, Addco, Agero, DENSOCORPORATION, EFKON GmbH, Hitachi, Ltd., Garmin Ltd., Thales Group, Xerox Corporation, Recardo, Sensys Networks, Inc., Telenav, Inc., Iteris, Inc., Kapsch TrafficCom, Lanner. |
The covid-19 Impact on Intelligent Road System Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Intelligent Road System Market Segment Overview
By Type, Wireless communication segment accounted major market share in forecasting period. Wireless technologies employed within the intelligent transportation system are evolving consistently to enhance the interoperability and reliability of transportation networks. Wireless communication technologies are improving regularly to boost the appliance of intelligent transportation systems, irrespective of the distance travelled by the vehicle.
By Application, Collision avoidance systems is accounted major market share in upcoming years, Owing to Implementation of intelligent transportation systems enables operators to get real-time details, which help them to manage fleets and update operations and schedules.
Market Analysis, Insights, and Forecast – By Type
· Wireless Communication
· Computational Technologies
· Floating Car Data/ Floating Cellular Data
Market Analysis, Insights, and Forecast – By Application
• Emergency Vehicle Notification System
• Variable Speed Limits
• Collision Avoidance System
Intelligent Road System Market Regional Overview
Region-wise, in terms of regions, North America holds to major market share in forecast period. The region is considered a technology hub for the development and aggressive implementation of the most recent, advanced technologies, like machine learning, big data, cloud computing, and IoT. The region is additionally home to major global market players.
Intelligent Road System Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Intelligent Road System Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Intelligent Road System are highlighted below.
· In July 2020, Transport Hi-Tech Consultants (THTC) announced partnership with TomTom International B.V. to supply a particular and accurate digital representation of several locations within the Middle East economies. This is resulting to provide wider understanding of traffic movement within the region and allowing smart mobility.
Intelligent Road System Market, Key Players
· Nuance Communications, Inc.
· Q-Free ASA
· Siemens AG
· TomTom International BV
· TransCore
· Addco
· Agero, Inc.
· DENSO CORPORATION
· EFKON GmbH
· Hitachi, Ltd.
· Garmin Ltd.
· Thales Group
· Xerox Corporation
· Recardo
· Sensys Networks, Inc.
· Telenav, Inc.
· Iteris, Inc.
· Kapsch TrafficCom
· Lanner
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Intelligent Road System market during the forecast period?
Intelligent Road System market is expected to record a CAGR of ~ 10.8% during the forecast period.
Q2. Which segment is projected to hold the largest share in the Intelligent Road System Market?
Wireless communication segment is projected to hold the largest share in the Intelligent Road System Market.
Q3. What are the driving factors for the Intelligent Road System market?
An intelligent road system is an application or a platform that assists drivers in navigating through daily routes, rising domestic tourism major key factor rising intelligent road system market.
Q4. Which Segments are covered in the Intelligent Road System market report?
Type, Application and Region, these segments are covered in the Intelligent Road System market report.
Q5. Which are the prominent players offering Intelligent Road System?
Nuance Communications, Inc.,Q-Free ASA,Siemens AG,TomTom International BV,TransCore ,Addco,Agero,Inc.,DENSOCORPORATION,EFKON GmbH,Hitachi, Ltd.,Garmin Ltd.,Thales Group,Xerox Corporation,Recardo,Sensys Networks, Inc.,Telenav, Inc.,Iteris, Inc.,Kapsch TrafficCom,Lanner.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Intelligent Road System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Wireless Communication
- 5.2.2. Computational Technologies
- 5.2.3. Floating Car Data/ Floating Cellular Data
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Emergency Vehicle Notification System
- 5.3.2. Variable Speed Limits
- 5.3.3. Collision Avoidance System
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East, and Africa
6. North America Intelligent Road System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Wireless Communication
- 6.2.2. Computational Technologies
- 6.2.3. Floating Car Data/ Floating Cellular Data
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Emergency Vehicle Notification System
- 6.3.2. Variable Speed Limits
- 6.3.3. Collision Avoidance System
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Intelligent Road System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Wireless Communication
- 7.2.2. Computational Technologies
- 7.2.3. Floating Car Data/ Floating Cellular Data
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Emergency Vehicle Notification System
- 7.3.2. Variable Speed Limits
- 7.3.3. Collision Avoidance System
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Intelligent Road System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Wireless Communication
- 8.2.2. Computational Technologies
- 8.2.3. Floating Car Data/ Floating Cellular Data
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Emergency Vehicle Notification System
- 8.3.2. Variable Speed Limits
- 8.3.3. Collision Avoidance System
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Intelligent Road System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Wireless Communication
- 9.2.2. Computational Technologies
- 9.2.3. Floating Car Data/ Floating Cellular Data
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Emergency Vehicle Notification System
- 9.3.2. Variable Speed Limits
- 9.3.3. Collision Avoidance System
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. TransCore
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Nuance Communications, Inc.
- 10.6. Q-Free ASA
- 10.7. Siemens AG
- 10.8. TomTom International BV
- 10.9. Addco
- 10.10. Agero, Inc.
- 10.11. DENSO CORPORATION
- 10.12. EFKON GmbH
- 10.13. Hitachi, Ltd.
- 10.14. Garmin Ltd.
- 10.15. Thales Group
- 10.16. Xerox Corporation
- 10.17. Recardo
- 10.18. Sensys Networks, Inc.
- 10.19. Telenav, Inc.
- 10.20. Iteris, Inc.
- 10.21. Kapsch TrafficCom
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
