Many people have been forced to possess various types of personal transportation as a result of increased population density and increasing distances as a result of society's growth. Today, the increased number of vehicles on the road as a result of 2 or more vehicles owned by a single household has led to parking challenges in various residential and commercial locations. This has motivated the need for the creation of an intelligent road system.

Increased traffic congestion as a result of population growth, the need to improve road safety as a result of increased traffic volumes, and the market's need to adhere to technological advancements to develop their business and ensure timely deliveries are all factors driving the market's growth. In July 2020, to provide a precise and accurate digital representation of several places in the Middle East economies, TomTom International B.V. and Transport Hi-Tech Consultants (THTC) have established a partnership to gain a better understanding of the region's traffic patterns and to enable smart mobility.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segments Covered

o By Type

o By Application

• Regions Covered

o North America

o Europe

o Asia-Pacific

o Rest of the world

• Competitive Landscape: Ricardo PLC, EFKON AG, Tom-tom International BV,Iteris Inc., Lanner Electronics Inc., Siemens AG.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Intelligent Road Systems Market by Segments

By type

• Wireless communication
• Computational technologies
• Floating car data/ floating cellular data
• Sensing technologies
• Others

By application

• Emergency vehicle notification systems
• Automatic road enforcement
• Variable speed limits
• Collision avoidance systems
• Others

Global Intelligent Road Systems Market by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe 

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific 

Rest of the World

• Latin America 
• Middle East & Africa