Intelligent Road System Market is thriving worldwide by 2029

Intelligent Road System Market  is anticipated to grow at a significant CAGR during the forecast period. Intelligent transportation system (ITS) is a sophisticated application that aims to provide innovative services related to various modes of transportation and traffic management, as well as assisting users in becoming more informed and making safer, more coordinated, and ‘smarter’ use of transportation networks. The intelligent road system provides real-time guidance to travellers regularly, allowing them to avoid traffic jams. The global market for intelligent road systems is being boosted by the increased demand for road safety enhancements.

Increased traffic congestion as a result of more vehicles on the road and population increase is a major driver of the global intelligent road system market. The rapid growth in traffic volumes creates a large demand for improvements in road safety, which is a key factor accelerating market growth. Other major factors boosting the global intelligent road system market include the launch of new vehicles, increased demand for new vehicles, and increased research and development activities in the market.

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Market Coverage

  • The market number available for – 2022-2030
  • Base year- 2022
  • Forecast period- 2023-2030

Segment Covered-

  • By  Type
  • By Application
  • Competitive Landscape: Ricardo PLC, EFKON AG, TOMtom International BV, Iteris Inc., Lanner Electronics Inc. and others

Intelligent Road System Market by Segments

By Type

  • Wireless communication
  • Computational technologies
  • Floating car data/ floating cellular data
  • Sensing technologies

By Application

  • Emergency vehicle notification systems
  • Automatic road enforcement
  • Variable speed limits
  • Collision avoidance systems

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Intelligent Road System Market by Region 

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe

Asia-Pacific

  • India
  • China
  • Japan
  • South Korea
  • Rest of APAC

Rest of the World

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