Market Scenario
The Intelligent Road System is the tested route to mitigate the traffic congestion problem. the global market of intelligent road system had been valued at approximately USD 25 billion which is expected to be at USD 48 billion by the end of the year 2022. It is an application that is designed to provide customized solutions to improve the transportation system. The major objective of this system is to evaluate, develop, analyze and integrate new technologies and concept to achieve the traffic efficacy. In the year 2016 However, slow growth in improving infrastructure and high installation cost are some of the factors which are hindering the growth of Intelligent Road System Market. The major growth driver of Intelligent Road System Market includes increasing concern about traffic congestion, increasing need of road safety improvements, and shifting of freight industry from unorganized to organized sector among others.
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Key Players
Key Findings:
Segments
Global Intelligent Road System Market can be segmented as follows:
Regional Analysis of Intelligent Road System Market:
By Region, North America has the leading market for intelligent road system and is expected to dominate the market over forecast period due to rising driver safety, reducing congestion and regulatory initiatives. Asia-pacific is the fastest growing region in intelligent road system market. China among all major developing economy is expected to grow at the highest CAGR of 15.54% over the forecast period.
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Target Audience
The report for Intelligent Road System Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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