2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

Which Primary Drivers Are Supporting the Continued Market Growth of theSmart Roads Market?

The increasing number of highway accidents is expected to propel the growth of the smart road market. Highway accidents, caused by factors like weather, vehicle maintenance issues, and traffic congestion, are on the rise. Smart roads help reduce accidents by enhancing traffic management, improving safety, and enabling real-time monitoring. For instance, road crash deaths in Australia increased by 5.8% in 2022. Thus, the growing number of highway accidents is driving the smart road market.

Get Your Free Sample Report Now – Explore Exclusive Market Insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=19191&type=smp

#How Will the CAGR of the Smart Roads Market Influence Its Overall Growth by 2034?

The smart roads market size has experienced exponential growth in recent years. It will grow from $16.35 billion in 2024 to $20.59 billion in 2025, at a CAGR of 26.0%. This growth is driven by the focus on road safety, the rising number of traffic injuries, the increasing demand for smart motorways, the need for efficient transportation, and population growth.

The smart roads market is expected to grow to $51.19 billion by 2029, with a CAGR of 25.6%. Growth drivers include increased corporate travel, rising highway accidents, investment in transportation and construction, the demand for safer roads, and the adoption of connected and autonomous vehicles. Key trends include IoT integration, autonomous vehicle infrastructure development, a focus on sustainability, the enhancement of road safety via advanced sensors, and the use of big data analytics for traffic pattern predictions.

You can Directly Purchase the Report Here:

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19191

How Are Consumer Market Innovations Shaping the Current and Future Landscape of theSmart Roads Market?

Companies in the smart roads market are developing turnkey solutions to improve traffic management and road safety. A turnkey solution is a fully operational product or service ready for use with minimal customization. In July 2024, Intelligent Security Systems (ISS) (USA) launched Intellisection, a turnkey solution for automated intersection monitoring. This advanced solution detects, counts, and classifies road users like vehicles, pedestrians, and cyclists. It improves safety with near-miss analysis, red-light violation monitoring, and crash detection, providing real-time alerts and ensuring high reliability in complex intersections.

Who Are the Key Market Players Influencing the Growth of the Corn and Smart Roads Industry?

Major companies operating in the smart roads market are Huawei Technologies Co. Ltd., Hitachi Ltd., Siemens AG, Intel Corporation, Panasonic Holdings Corporation, International Business Machines Corporation, Cisco Systems Inc., Nokia Corporation, Thales Group, Infineon Technologies AG, WSP Global Inc., Indra Sistemas SA, Cubic Corporation, Alcatel-Lucent Enterprise, SWARCO INDUSTRIES Inc., TransCor, Sierra Wireless Inc., Genetec Inc., Iteris Inc., Econolite Group Inc., Intelligent Security Systems, Kapsch TrafficCom AG

Order Your Report Now For A Swift Delivery:

https://www.thebusinessresearchcompany.com/report/smart-roads-global-market-report

Which Key Market Segments Comprise the Smart Roads Market and Drive Its Revenue Growth?

The smart roadsmarket covered in this report is segmented –

1) By Type: Transportation And Communication System, Traffic Management System, Other Types

2) By Component: Hardware, Software, Service

3) By Deployment Mode: On-Premise, Cloud

4) By Technology: Intelligent Transportation Management System, Intelligent Management System, Communication System, Monitoring System, Other Technologies

5) By Application: Urban Traffic Management, Highway Traffic Management, Parking Management, Other Applications

Subsegments:

1) By Transportation And Communication System: Vehicle-To-Vehicle (V2V) Communication, Vehicle-To-Infrastructure (V2I) Communication, Intelligent Transportation Systems (ITS), Smart Traffic Signals

2) By Traffic Management System: Traffic Monitoring Systems, Traffic Control Systems, Incident Management Systems, Traffic Flow Optimization Systems

3) By Other Types: Smart Parking Solutions, Road Weather Information Systems (RWIS), Automated Toll Collection Systems

Gain Exclusive Market Insights—Customize Your Research Report Today for Fast Delivery!

https://www.thebusinessresearchcompany.com/customise?id=19191&type=smp

Which Regions Are Emerging as Leaders in the Smart Roads Market?

North America was the largest region in the smart roads market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart roads market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Browse Through More Reports Similar to the Global Smart Roads Market 2025, By The Business Research Company:

Roads And Highways Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/roads-and-highways-global-market-report

Road Marking Materials Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/road-marking-materials-global-market-report

Vehicle Road Sign Assist Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/vehicle-road-sign-assist-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: