The major growth driver of Intelligent Road System Market includes increasing concern about traffic congestion, increasing need of road safety improvements, and shifting of freight industry from unorganized to organized sector among others.
In 2017, the global Intelligent Road System (IRS) market size was 2580 million US$ and it is expected to reach 5920 million US$ by the end of 2025, with a CAGR of 11.0% during 2018-2025.
This report focuses on the global Intelligent Road System (IRS) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Intelligent Road System (IRS) development in United States, Europe and China.
The key players covered in this study
Market segment by Type, the product can be split into
Floating Car Data/ Floating Cellular Data
Market segment by Application, split into
Emergency Vehicle Notification System
Automatic Road Enforcement
Variable Speed Limits
Collision Avoidance System
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Intelligent Road System (IRS) status, future forecast, growth opportunity, key market and key players.
To present the Intelligent Road System (IRS) development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Intelligent Road System (IRS) are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.