Global Accelerometers Smart Roads Market – Industry Trends and Forecast to 2029

Global Accelerometers Smart Roads Market, By Technology (Transportation and Communication Systems, Traffic Management System), Deployment (On-Premises, On-Cloud) – Industry Trends and Forecast to 2029.

Accelerometers Smart Roads Market Analysis and Size

Lack of up-to-date and comprehensive information on degrading road conditions only intensifies the already expensive, inefficient and labour-expensive methods associated with road repair and maintenance. Among many sensing modal, accelerometers are currently being explored, accelerometers are progressively becoming more popular in the task of road quality assessment, specifically in large-scale crowdsourced data gathering efforts. The development of the infrastructure in developing markets is likely to contribute to the growth of the accelerometers smart road market in upcoming years.

Data Bridge Market Research analyses that the accelerometers smart roads market was valued at USD 34,289.3 million in 2021 and is expected to reach USD 113,974.49 million by 2029, registering a CAGR of 16.20% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Accelerometers Smart Roads Market Scope and Segmentation

Market Definition

Accelerometers are those sensing devices which measure a moving object's acceleration and can detect intensity and frequency of human movement. Accelerometers can be used to measure vibration on machines, cars buildings and others. They can also be used to measure machine vibration, seismic activity, inclination, dynamic speed and distance with or without the influence of gravity.

Global Accelerometers Smart Roads Market Dynamics

Drivers

• Increasing introduction of automated vehicles

The growing introduction of automated vehicles has augmented the risk of unpredictability in the smarter world so the smart roads are the addressed solutions for these uncertainties. Accelerometers smart roads  are considered the future roads which help drivers understand the incidents happening on the roads such as repair situations and traffic congestion, breakdowns in advance. Accelerometers are used to monitor the technologically advanced wind direction and speed and alert the suitable maintenance department for any uncertainties before their occurrence. The increasing introduction of automated vehicles is expected to drive the growth rate of the accelerometers smart roads market during the forecast period.

• Increasing need of accelerometers smart roads due to several issues

The growing need for sustainable and dependable roadways, as well as the increasing necessity for the traffic congestion reduction, are  some primary factors which is expected to drive the growth of the  the accelerometers smart roads worldwide. The demand for accelerometers smart roads has substantially increased due to growing desire for healthier, efficient, and less time-consuming transportation. The increasing public awareness regarding the advantages of accelerometers smart roads is also helping impetus this industry considerably during the forecast period.

Moreover, growing adoption of sensor technology, increasing levels of investment by market players for the development of improved and advanced infrastructure are anticipated to boost the growth of the accelerometers smart roads market. Also, increasing introduction of automated vehicles and rising trends of electrically connected smart roads are other major important factors that will be expected to uplift the market growth during the  forecast period of 2022-2029.

Opportunities

• Increasing level of investments

Governments are focusing on building infrastructure, which is a major aspect of societal evolution and economic growth worldwide. While governments in developed economies are investing mainly for infrastructure upgrades and replacement, and in developing nations, investments focus on creating new infrastructure. The expansion of policy measures, the rising need for business travel, and the growing popularity of smart vehicles are all anticipated to contribute to the growth of the accelerometers smart roads market in upcoming years.

Moreover, the growing global traffic marks with the increasing need of better traffic management system .will also generate numerous opportunities which will boost the growth of the accelerometers smart roads during forecast period.  

Restraints/ Challenges

• Issues associated with  accelerometers smart roads market

Unwilling to adopt new ways of transportation and underdeveloped infrastructure are some major factors acting as market restraints for the demand of accelerometers smart roads and might hinder the growth of the accelerometers smart roads market globally during the forecast period of 2022-2029.

Furthermore, the increasing environmental impact will become the major challenge for the growth of the accelerometers smart roads market.

This accelerometers smart roads market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the accelerometers smart roads market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Product

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Accelerometers Smart Roads Market Scope

The accelerometers smart roads market is segmented on the basis of technology and deployment. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

• Transportation and Communication Systems
• Automatic Number Plate Recognition (ANPR)
• Lane Warning/Keeping Systems
• Wireless Radio Communication.
• Traffic Management System
• Advanced Traffic Management
• GPS

 Deployment

• On-Premises
• On-Cloud

Accelerometers Smart Roads Market Regional Analysis/Insights

The accelerometers smart roads market is analysed and market size insights and trends are provided by country, technology and deployment as referenced above.

The countries covered in the accelerometers smart roads  market report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the accelerometers smart roads market in terms of revenue growth and market share due to the availability of smart road equipment Canada and U.S., will lead the North America accelerometers smart roads market due to the prevalence of several manufacturing companies in this region.

Asia-Pacific is projected to be the fastest developing region during the forecast period of 2022-2029 due to the rising number of smart road projects. Japan and china will expect to grow in the Asia-Pacific accelerometers smart roads market due to the increasing attention to the road safety among people in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Accelerometers Smart Roads Market Share Analysis

The accelerometers smart roads market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to accelerometers smart roads market.

Some of the major players operating in the accelerometers smart roads market are:

• Schneider Electric (France)
• IBM (U.S.)
• Intel Corporation (U.S.)
• General Electric (U.S.)
• Accenture (Ireland)
• Thales Group (France)
• ABB (Switzerland)
• AT&T Intellectual Property (U.S.)
• Honeywell International Inc. (U.S.)
• Infineon Technologies AG (Germany)
• DNV GL (Norway)
• ALE International (France)
• Kapsch TrafficCom AG (Austria)
• Indra (Spain)
• LG CNS (South Korea)
• Siemens (Germany)
• Cisco (U.S.)
• Xerox Corporation (U.S.)
• Huawei Technologies Co., Ltd. (China)