The global intelligent road systems market is estimated to grow at a significant CAGR during the forecast period. The intelligent road system is a proven way of reducing traffic congestion. It is a software application that is intended to give individualized transportation solutions. One of the primary market drivers for the intelligent road system market is the growing worry about traffic congestion. The intelligent road system provides real-time guidance to travellers regularly, allowing them to avoid traffic jams. In addition to this, the market for intelligent road systems is being boosted by the increased demand for road safety enhancements globally.
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Many people have been forced to possess various types of personal transportation as a result of increased population density and increasing distances as a result of society’s growth. Today, the increased number of vehicles on the road as a result of 2 or more vehicles owned by a single household has led to parking challenges in various residential and commercial locations. This has motivated the need for the creation of an intelligent road system.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Intelligent Road Systems Market by Segments
By type
- Wireless communication
- Computational technologies
- Floating car data/ floating cellular data
- Sensing technologies
- Others
By application
- Emergency vehicle notification systems
- Automatic road enforcement
- Variable speed limits
- Collision avoidance systems
- Others
Global Intelligent Road Systems Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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