Worldwide Smart Roads and Bridges Market: By Technology (Transportation Management System, Communication System, Traffic Management System and Monitoring System), By Sensors (Anemometers, Strain Gauges, Accelerometers, Weigh-in-Motion Devices, Temperature Sensors and Others), By Deployment Model (On-premise and On-cloud), By Regions (North America, Europe, APAC and RoW)- Drivers, Opportunities, Trends and Forecasts: 2016-2022


Overview:

The introduction of automated vehicles has increased the risk of unpredictability in the smarter world – smart roads and bridges are the addressed solutions for these uncertainties. Smart roads are considered the future roads that assist drivers in understanding the incidents happening on the roads such as traffic congestion, breakdowns, and repair situations in advance. In the same way, smart bridges are those which are technologically advanced and alert the respectable maintenance department for any uncertainties prior to their occurrence.

The smart roads and bridges market is expected to become one of the emerging markets in the next 5 years. The sensors and GPS trackers are the major end-products being adopted during the construction of smart roads and bridges. This opportunity has resulted in the increase of sensor companies to hugely invest in the technological innovations in the sensor industry. As for now, there is an increased interest by governments for adopting smart technologies in building roads and bridges, offering companies to come up with new innovative ideas to grab the market share and stand out from the competitive industry.

Products Analysis:

Sensors are the major end-products playing a primitive role in building smart roads and bridges. The sensors market will be further segmented into accelerometers, anemometers, temperature sensors, and others. Temperature sensors are having the majority of the market share and are expected to reach $751.2 million by 2022. A number of start-ups are entering the sensors market. Innovations in IoT and increasing R&D investments from big organizations for the enhancements in sensors are also contributing to the growth.

Market Analysis:

According to Infoholic Research, the “Worldwide Smart Roads and Bridges Market” is expected to reach $ 2,660.0 million by 2022, growing at a CAGR of around 24.1% during the forecast period 2016–2022. Increasing vehicle ownership, growing traffic congestion, unpredictable hazards due to natural calamities are forcing the governments to focus on the development of digital infrastructure. The worldwide increase in the road accidents is one of the major drivers for adopting smart technology in roads and bridges. There is an increased interest among the organizations and major companies are going after the potential in the smart roads and bridges market.

Technology Analysis:

Technology plays a key role in building smart infrastructure. The major technology players are offering innovative solutions for building the most efficient and enhanced roads and bridges for the future. New players are entering the market and key players are acquiring new players who are coming up with innovative technology offerings for the betterment of their product portfolio. The technology market is further segmented into transportation management system, communication system, traffic management system and monitoring system. Currently, transportation is having the major share of the market and is expected to reach $1,093.3 million by 2022, growing at a CAGR of 23.7% during the forecast period 2016–2022.

Regional Analysis:

At present, North America is having the majority of the market share mainly due to advancements in technology and its adoption. The market is in the stagnant state in countries such as the US and Canada. Europe is spending hugely in R&D especially on raw materials and their use. The separation of the UK from the European Union will significantly influence the growth of the market in the region. Developing region such as APAC will be boosting the market growth. Regional government initiatives for developing smart city projects in the region are the main factors contributing to the market growth. MEA region is expected to invest more than $100.00 billion for maintaining the existing and to build new and enhanced infrastructure to serve the developing cities and communities in the region.

Key players:

IBM, Cisco, Alcatel Lucent, Siemens, Kapsch TrafficCom, Accenture, General Electric, Intel, LG CNS, Huawei, CTS and Indra Sistemas and other predominant and niche players.

Competitive Analysis:

The study covers and analyzes the “Worldwide Smart Roads and Bridges” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.

Benefits:

The report provides an in-depth analysis of the smart roads and bridges market aiming to bring down the operational cost for the enterprises. The report provides a detailed analysis of the smart roads and bridges in terms of technology, sensors, deployment models and regions. With that, key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, government initiatives towards the smart roads and bridges adoption in the upcoming years. In other end, the report provides details about the major challenges that are going to impact on the market growth. Furthermore, the report gives the complete details about the key business opportunities to key stakeholders to expand their business and capture the revenue in the market. This will help the key stakeholders to analyze before investing or expanding the business in this market.

Key Stakeholders:

Device manufacturers, OEMs, network providers, software providers, data security solution vendors, policy makers, standard development organizations, investor community, telecom, university researchers, blog writers, and technology magazines.

1     Industry Outlook 

1.1        Industry Overview

1.2        Industry Trends

1.3        PEST Analysis

2     Report Outline 

2.1        Report Scope

2.2        Report Summary

2.3        Research Methodology

2.4        Report Assumptions

3     Market Snapshot

3.1        Total Addressable Market (TAM)

3.2        Segmented Addressable Market (SAM)

3.3        Related Markets

3.3.1     Smart Grid Market

3.3.2     Infrastructure Market

4     Market Outlook 

4.1        Overview

4.2        Market Definition – Infoholic Research

4.3        Evolution

4.4        Ecosystem

4.5        Market Trends and Impact

4.6        Market Segmentation

4.7        Porter 5 (Five) Forces

5     Market Characteristics

5.1        Traditional Roads and Bridges vs Smart Roads and Bridges

5.2        Upcoming Technologies of Smart Roads and Bridges

5.2.1     Road Markings Glow in the Dark

5.2.2     Wind-Powered Lights

5.2.3     Interactive Lights

5.2.4     Dynamic Paint

5.2.5     Electric Priority Lane

5.2.6     Roads with Anti-Icing Capabilities

5.2.7     Solar Energy Roadways

5.3        Attributes of Smart Roads and Bridges

5.3.1     Structural Attributes

5.3.2     Emotional Attributes

5.4        Market Dynamics

5.4.1     Drivers

5.4.1.1    Increasing traffic congestion

5.4.1.2    Increasing road accidents and natural calamities

5.4.1.3    Government initiatives

5.4.1.4    Integration of IT and infrastructure

5.4.2     Restraints

5.4.2.1    High cost

5.4.2.2    Lack of digital infrastructure

5.4.2.3    Cyber threat

5.4.3     Opportunities

5.4.3.1    Smart cities

5.4.3.2    IoT involvement in smart infrastructure

5.4.3.3    Vehicle to vehicle communication

5.4.4     DRO – Impact Analysis

5.4.5     Key Stakeholders

6     Technology: Market Size and Analysis

6.1        Overview

6.2        Transportation Management System

6.2.1     Market Size and Analysis

6.2.1.1    Automatic number plate recognition (ANPR) system

6.2.1.2    Incident detection system

6.2.1.3    Lane departure warning system

6.2.1.4    RFID

6.3        Communication System

6.3.1     Market Size and Analysis

6.3.1.1    Radio network

6.3.1.2    Data network

6.3.1.3    Display System

6.4        Traffic Management System

6.4.1     Market Size and Analysis

6.4.1.1    Real time traffic management system

6.4.1.2    Global navigation satellite system

6.4.1.3    Parking management system

6.5        Monitoring System

6.5.1     Market Size and Analysis

6.5.1.1    Weather management

6.5.1.2    Video surveillance

6.5.1.3    Traffic measurement

7     Sensors: Market Size and Analysis

7.1        Overview

7.2        Anemometers

7.2.1     Market Size and Analysis

7.3        Strain Gauges

7.3.1     Market Size and Analysis

7.4        Accelerometers

7.4.1     Market Size and Analysis

7.5        Weigh-in-Motion Devices

7.5.1     Market Size and Analysis

7.6        Temperature Sensors

7.6.1     Market Size and Analysis

7.7        Others

7.7.1     Market Size and Analysis

8     Deployment Model: Market Size and Analysis

8.1        Overview

8.1.1     On-premise

8.1.1.1    Advantages and disadvantages

8.1.2     On-cloud

8.1.2.1    Advantages and disadvantages

8.2        On-Premise

8.2.1     Market Size and Analysis

8.3        On-Cloud

8.3.1     Market Size and Analysis

9     Regions: Market Size and Analysis

9.1        Overview

9.2        North America

9.2.1     Market Size and Analysis

9.2.2     DRO for North America

9.2.2.1    US

9.2.2.2    Canada

9.3        Europe

9.3.1     Market Size and Analysis

9.3.2     DRO for Europe

9.3.2.1    UK

9.3.2.2    Germany

9.3.2.3    France

9.3.2.4    Netherlands

9.4        APAC

9.4.1     Market Size and Analysis

9.4.2     DRO for APAC

9.4.2.1    China

9.4.2.2    India

9.4.2.3    Japan

9.4.2.4    ANZ

9.5        RoW

9.5.1     Market Size and Analysis

9.5.2     DRO for RoW

9.5.2.1    Mexico

9.5.2.2    Brazil

9.5.2.3    UAE

10   On-Going/Up-Coming Projects – Smart Roads and Bridges

10.1     I-80 SMART Corridor Project, California, US

10.2     I-5 North Coast Corridor Project, California, US

10.3     Gordie Howe International Bridge, Canada

10.4     Mersey Gateway Project, Cheshire, UK

10.5     A160/A180 Port of Immingham Improvement Project, North East Lincolnshire, UK

10.6     Hisingsbron Bridge, Gothenburg, Sweden

10.7     Rohtang Tunnel at Lahaul-Spiti Valley, India

10.8     Thompsons Road Upgrade Project, Melbourne, Australia

10.9     Southport-Burleigh Road Network Improvement Project, Queensland, Australia

10.10  Danjiang Bridge, Taipei, Taiwan

11   Market Attractiveness

11.1     Market Attractiveness by Technology

11.2     Market Attractiveness by Sensors

11.3     Market Attractiveness by Deployment Model

11.4     Market Attractiveness by Regions

12   Competitive Landscape 

12.1     Vendors Assessment

12.2     IBM

12.3     Cisco

12.4     Alcatel-Lucent (Nokia)

12.5     Siemens

12.6     Kapsch Trafficcom

12.7     Other Vendors

13   Vendor Profiles

13.1     IBM

13.1.1  Overview

13.1.2  Business Unit

13.1.3  Geographic Revenue

13.1.4  Business Focus

13.1.5  SWOT Analysis

13.1.6  Business Strategy

13.2     Cisco Systems Inc.

13.2.1  Overview

13.2.2  Business Units

13.2.3  Geographic Revenue

13.2.4  Business Focus

13.2.5  SWOT Analysis

13.2.6  Business Strategy

13.3     Alcatel-Lucent (Nokia)

13.3.1  Overview

13.3.2  Business Units

13.3.3  Geographic Revenue

13.3.4  Business Focus

13.3.5  SWOT Analysis

13.3.6  Business Strategy

13.4     Siemens Ltd.

13.4.1  Overview

13.4.2  Business Units

13.4.3  Geographic Revenue

13.4.4  Business Focus

13.4.5  SWOT Analysis

13.4.6  Business Strategy

13.5     Kapsch Trafficcom

13.5.1  Overview

13.5.2  Business Units

13.5.3  Geographic Revenue

13.5.4  Business Focus

13.5.5  SWOT Analysis

13.5.6  Business Strategy

14   Key Dominant Vendors

14.1     Accenture

14.1.1  Overview

14.1.2  Accenture Market

14.1.3  Accenture in Smart Roads and Bridges Market

14.2     General Electric

14.2.1  Overview

14.2.2  General Electric Market

14.2.3  General Electric in Smart Roads and Bridges Market

14.3     Intel

14.3.1  Overview

14.3.2  Intel Market

14.3.3  Intel in Smart Roads and Bridges Market

14.4     LG CNS

14.4.1  Overview

14.4.2  LG CNS Market

14.4.3  LG CNS in Smart Roads and Bridges Market

14.5     Huawei Technologies Co. Ltd.

14.5.1  Overview

14.5.2  Huawei Technologies in Smart Roads

14.6     CTS Corporation

14.6.1  Overview

14.6.2  CTS in Smart Roads

14.7     Indra Sistemas

14.7.1  Overview

14.7.2  Indra Sistemas in Smart Roads

Annexure 

Abbreviations

 

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Secondary & Primary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

methodology

Market related information is congregated from both secondary and primary sources. Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

Primary sources involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

For more details on Research Methodology kindly click here to Engage with our Analyst.




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