Intelligent Road System Market Size USD 25 Billion in 2015 and will Exceed USD 48 Billion by 2022

May 11, 2017

Intelligent Road System, By Type (Wireless Communication, Computational Technologies, Floating Car Data/ Floating Cellular Data, Sensing Technologies), By Application (Emergency Vehicle Notification System, Automatic Road Enforcement, Variable Speed Limits, Collision Avoidance System), Forecast 2022

Pune, India - May 11, 2017 /MarketersMedia/ —

Market Highlights
Modern transportation systems are complex and independent. The effective management of intelligent road systems requires better, faster, more comprehensive information about the current and future state of the system, and better management and control tools. Intelligent Road System helps to reduce the environmental impact of road travel by reducing congestion and crashes, improving driver performance, and helping to manage the transportation system well. Increase in number of applicants in transportation operations has raised the complexity in logistic networks. Moreover, in the current scenario the demand of new form of transportation system is used to move data and information more efficiently among partners, increase freight visibility and also used to increase the interaction with logistic information. The advancement in technology from traditional transportation management system to intelligent road management system lead to improve the performance of transportation operators.

According to MRFR, the Intelligent Road System Market is expected to reach $48.62 billion by 2022 growing at a CAGR of 11.62%. Growing population and increasing vehicles have led to increased traffic congestion and need for effective traffic management. The advancement in technology from traditional transportation management system to intelligent road management system lead to improve the performance of transportation operators. These systems are also used in area that includes freight transportation, fleet management and control, placement of identification of freight and vehicle and city logistics. With the use of such systems the fluidity of truck traffic has been drastically increased and ensures a sufficient level of control and reporting.

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Market Research Analysis:
Intelligent Road System incorporates a broad range of wireless and traditional based information and electronics technologies. The increasing demand of intelligent road system shows and immense opportunity for wireless communication market that includes device and application. Various active close circuit cameras (CCTV) and sensors are utilized to provide real-time information, whereas GPS technology with different image processing techniques are used for navigation systems.

Intelligent Road Systems are used for the utilization of IT technology and services in the field of transportation. The technology like geometric is supporting in most of the intelligent road system services with navigation & mapping tools and GIS. It is an application in transportation industry that is widely been used across the globe.

Further, Regional analysis for Intelligent Road System market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region would account for larger share in Intelligent Road System market. Europe has emerged as the fastest growing market during forecast period 2016-2022.

IRS Market Players
- Ricardo Plc.
- TomTom International BV
- Siemen AG
- WS Atkins PLC
- Kapsch Trafficcom
- Q-Free ASA
- EFKON AG
- Iteris Inc.
- Lanner Electronics Inc.
- Roper Technologies Inc.

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Key Findings:
- Intelligent Road System Market is expected to grow at compound annual growth rate of 11% from year 2016 to year 2022.
- North America expected to dominate the market of intelligent road system throughout the forecast period.
- By Type segment- computational technology is expected to be the fastest growing market with 13% CAGR in the global market.
- By Application- Emergency Vehicle Notification System is expected to be the fastest growing market with 15% CAGR in the global market.

Intelligent Road System Market Segmentation
The intelligent road system market can be segmented into types and applications. By type the market includes wireless communication, computational technologies, floating car data/ floating cellular data, sensing technologies. By application, it is categorized into emergency vehicle notification system, automatic road enforcement, variable speed limits, and collision avoidance system.

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Release ID: 197818

Unbeaten 49ers edge Seahawks while Vikings stay perfect

LONDON, United Kingdom — San Francisco scored three touchdowns off Seattle turnovers and the unbeaten 49ers edged the reigning Super Bowl champions 32-29 on Sunday while Minnesota improved to 5-0 as well. Eddy Pineiro's 44-yard field goal with 1:56 remaining gave the 49ers the final margin and San Francisco's defense forced a turnover on downs with 47 seconds remaining to beat their NFC West division rival. Thirty-eight points -- 21 by the Niners -- scored off seven turnovers, four by Seattle, were the most in an NFL game since 2017. Mike Evans caught seven passes for 113 yards, including a two-yard touchdown toss from Brock Purdy after a Renardo Green interception and a crucial two-point conversion. "Toughness and heart," Evans said. "We've got a locker room full of those guys. We knew it was going to be a dogfight. They're a great team. We showed we're a great team as well." Fred Warner knocked lose a fumble by Emanuel Wilson that Malik Mustapha recovered one play before Christian McCaffrey ran for a San Francisco touchdown. Gracen Halton recovered a George Holani fumble in the end zone to give the 49ers a 21-13 halftime lead. Seattle's Nehemiah Pritchett picked off Purdy to set up Sam Darnold's 16-yard touchdown pass to Jaxson Smith-Njigba to give Seattle a 23-21 lead. Purdy flipped a seven-yard touchdown pass to Brandin Cooks and the conversion to Evans for a 29-26 49ers' lead, only for Jason Myers to equalize from 40 yards on his fifth field goal, setting up the final drama. The Minnesota Vikings stayed undefeated with a 23-13 triumph at New Orleans. Justin Jefferson snagged a superb touchdown catch under triple coverage and Aaron Jones ran for 113 yards and a touchdown for the Vikings. Also undefeated are the Kansas City Chiefs (4-0), who are idle this week. An epic overtime blunder by Washington resulted in a 27-27 tie with the New York Giants. After recovering a Giants fumble deep in Washington territory, the Commanders made a final drive, but Jayden Daniels was stopped on a late run rather than throwing an incompletion to halt the clock. Washington, with no timeouts, could not prevent time from running out before setting up a field goal attempt. "Leaving with a tie feels like a loss," said Commanders coach Dan Quinn, whose team led 27-13. "We have to stop the clock," Daniels said. "Ultimately, it's on me." Cam Little kicked a 57-yard field goal on the final play to give Jacksonville a 19-17 victory over Philadelphia in London. Jake Elliott booted a 48-yard field goal with eight seconds remaining to lift Philadelphia ahead 17-16, but Ameer Abdullah raced 53 yards on the ensuing kickoff return and was tackled with one second remaining to set up Little's kick. "It was just a roller coaster," Jaguars quarterback Trevor Lawrence said. "It was pretty crazy." The Green Bay Packers thumped arch-rivals Chicago 31-7 as Jordan Love completed 25-of-31 passes for 367 yards and two touchdowns and the Bears surrendered five turnovers. New England routed visiting Las Vegas 45-17 as Drake Maye completed 26-of-34 passes for 374 yards and four touchdowns and ran for another score. Aaron Rodgers threw for 235 yards and three touchdowns as host Pittsburgh beat Indianapolis 34-22. Texans get Harrison Detroit's Jared Goff threw for 271 yards and three touchdowns and ran for another while Jahmyr Gibbs ran for 151 yards and two touchdowns in Detroit's 45-21 romp at Arizona. Braelon Allen ran for 116 yards and the winning fourth-quarter touchdown to power the New York Jets over Cleveland 17-12. Bo Nix threw for one touchdown and J.K. Dobbins ran for another as visiting Denver beat the winless Los Angeles Chargers 23-17. The Houston Texans, who landed receiver Marin Harrison in a trade with Arizona, snapped their winless streak with a 26-3 victory over Tennessee. The hapless Titans sank to 0-5 as did the Miami Dolphins, who fell 31-24 to the Cincinnati Bengals.