Smart roads guide the drivers of vehicles against any object that is in front of the vehicle, which the driver is not able to see. The sensors deployed give signals to the vehicle about any possible incident that could happen and the damage that might occur to the vehicle and to the driver.
Among the regions, North America is leading the global smart road market due to the technological advancement. Highly advanced countries in the field of technology such as the U.S. and Canada comprised of many players that are manufacturing smart road equipment. These countries pay high attention to the road safety and as a result creating a wide opportunity for enterprises plying in the smart road market.

Market Analysis and Insights: Global Smart Roads Market
The global Smart Roads market size is projected to reach US$ 3724.5 million by 2027, from US$ 1051.5 million in 2020, at a CAGR of 19.3% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Smart Roads market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Smart Roads market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Smart Roads market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Smart Roads market.

Global Smart Roads Scope and Market Size
Smart Roads market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Smart Roads market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Transportation and Communication System
Traffic Management System
Others

Segment by Application
Urban Traffic
Highway
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Indra Sistemas
IBM
Swarco Holding
Alcatel Lucent
Kapsch
LG CNS
Siemens
Cisco Systems
Schneider Electric
Xerox
Huawei