WiseGuyReports.Com Publish a New Market Research Report On –“ Smart Roads and Bridges 2019 Global Market By Key Players,Share,Growth,Trends,Size,Analysis & Forecast to 2022”.
Smart Roads and Bridges Industry 2019
Description:-
The smart road and bridges market is an emerging market. The smart roads and bridges enable the roads and bridges to self-recognize and self-diagnose the different characteristics like operating conditions, loads, as well as the climatic conditions. The smart roads help the drivers to understand the various road incidents like breakdowns, traffic congestions, and repair situations well in advance.
The smart bridges are technologically alert and advanced to predict the uncertainties before the occurrence. The GPS trackers and sensors are increasingly being adopted for the construction of smart roads and bridges.
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Key Drivers of the Market
The emergence of automated vehicles is the key market driver of the smart roads and bridges market owing to the unpredictable risks. The growth in traffic congestions, an increase in vehicle ownership, and the rise in the unpredictable hazards are some of the important factors leading to market growth.
The increasing government support for the smart roads and bridges to prevent road accidents and reduce damage due to natural calamities is expected to increase the market demand.
Segmentation of the Market
The worldwide smart roads and bridges market is segmented into sensors and technology. Sensors play an important role during the construction of smart roads and bridges. The sensor market is subdivided into temperature sensors, accelerometers, anemometers, and other sensors. The temperature sensor market is the leading segment in the global scenario. The increase in the number of start-ups, the increasing investments, and the innovations in IoT are driving the growth of the sensor market segment.
Based on the technology, the global market segment is divided into a communication system, transportation management system, monitoring system, and traffic management system. The transportation segment is the leading market in the worldwide smart roads and bridges market. The innovation in technologies and the entry of the leading tech players are driving the market growth of the technology sector.
Competitive Landscape
The dominant players in the worldwide smart roads and bridges market are IBM, Siemens, Accenture, Cisco, Alcatel Lucent, General Electric, KapschTrafficCom, CTS, Intel, Huawei, LG CNS, IndraSistemas, and many other players.
Regional Outlook
The major regions of the worldwide smart roads and bridges market are North America, Canada, the US, Europe, Asia Pacific, and the Middle East and Africa. North America is the market leader owing to its technological advancements and an increase in the adoption rates. The Europe region is investing largely on research and development and is expected to grow its market in the future. Government initiatives in the Asia Pacific region will drive its market growth. The market growth is stagnant in the United States and Canada. The Middle East and Africa region are expected to grow during the forecast period.
Top Industry Trend
The developing countries are adopting recent technological advancement for the construction of smart roads and bridges. The leading technology players are coming up with innovative solutions to develop the roads and bridges in the coming years. The collaboration between the key players and the new players in the market is resulting in the betterment of the smart roads and bridges.
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