(MENAFN- GlobeNewsWire - Nasdaq) Key growth opportunities in the global smart road market include the adoption of connected infrastructure, intelligent transport systems, and smart city projects. Emphasizing technology and sustainability, the market benefits from real-time data exchange, renewable energy integration, and traffic management systems. Asia-Pacific leads growth due to urbanization and governmental investments.

Dublin, Nov. 20, 2025 (GLOBE NEWSWIRE) -- The "Smart Road Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2025-2033" report has been added to ResearchAndMarkets's offering.
The global smart road market is projected to expand at a CAGR of 13.1% from 2025 to 2033

This study report represents an analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033. The current report comprises quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends & technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Growth is driven by the increasing adoption of connected infrastructure, integration of intelligent transport systems (ITS), and rising investments in smart city projects. Smart road technologies enable improved traffic flow, enhanced safety, and sustainable mobility solutions through advanced monitoring, communication, and power systems.

The 2024 market was characterized by diverse global players spanning traffic management, telecommunications, and smart infrastructure solutions. Bosch, Siemens Mobility, Kapsch TrafficCom, and Swarco led with strong ITS portfolios. Cisco Systems, Ericsson, Nokia, and Huawei expanded communication technology integration for V2I applications. Iteris, Cubic Transportation Systems, and Econolite focused on traffic management and accident prevention software.

Colas (Wattway), ElectRoad, and SolaRoad pioneered renewable energy road solutions, including solar-powered highways and inductive charging. Qualcomm, Sensys Networks, Teledyne FLIR, Thales, and TransCore strengthened the ecosystem with advanced sensors, communication protocols, and monitoring platforms. Competitive strategies revolve around partnerships with governments, pilot deployments, and integration of renewable and digital technologies.
Integration of Technology and Sustainability Driving Growth
Governments and private stakeholders are investing heavily in smart road technologies to manage congestion, reduce accidents, and support the transition to autonomous and electric vehicles. Advanced communication systems, real-time data exchange, and renewable power solutions are being integrated into road infrastructure. Projects like solar-powered roads and inductive charging lanes highlight the role of smart roads in sustainable mobility ecosystems.
Challenges: High Infrastructure Costs and Integration Issues
Despite strong drivers, the market faces challenges such as high upfront investment for large-scale deployments, integration with legacy road infrastructure, and interoperability across different technology providers. Cybersecurity risks also pose a challenge with growing reliance on connected systems. However, supportive government policies, pilot smart road projects in Europe and Asia, and growing demand for real-time data-driven mobility solutions are expected to mitigate these challenges.
Market Segmentation by Technology
By technology, the market includes traffic management systems, communication technology, accident prevention software, power solutions, and others. In 2024, traffic management systems dominated due to widespread deployment in urban areas to manage congestion. Communication technologies are expanding rapidly with the rollout of 5G and vehicle-to-infrastructure (V2I) systems. Accident prevention software is increasingly adopted to enhance road safety. Power solutions, including solar-powered and wireless charging systems, are gaining traction to support electric vehicles.
Market Segmentation by Sensors
By sensors, the market is segmented into anemometers, strain gauges, accelerometers, weigh-in-motion devices, temperature sensors, and others. Weigh-in-motion devices and accelerometers held the largest share in 2024, widely deployed for vehicle monitoring and traffic management. Strain gauges and anemometers are increasingly used in structural health monitoring of bridges and highways. Temperature sensors support road safety applications, particularly in cold-weather regions, while other sensor categories enable niche monitoring functions.
Regional Insights
In 2024, Europe led the smart road market with large-scale smart city projects, including smart highways in the Netherlands, France, and Germany. North America followed, supported by strong adoption of ITS in the United States and Canada. Asia-Pacific is the fastest-growing region, driven by urbanization, traffic congestion, and government-backed investments in smart transportation infrastructure in China, Japan, and South Korea. Latin America and Middle East & Africa (MEA) are emerging regions, where pilot projects and public-private partnerships are gradually building momentum.

Key questions answered in this report:

• What are the key micro and macro environmental factors that are impacting the growth of Smart Road market?
• What are the key investment pockets concerning product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2033.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Smart Road market?
• Which is the largest regional market for Smart Road market?
• What are the market trends and dynamics in emerging markets such as Asia-Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Smart Road market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Smart Road market worldwide?

Smart Road Market: Macro Analysis & Market Dynamics

• Global Smart Road Market Value, 2023-2033, (US$ Million)
• Market Dynamics
• Market Drivers
• Market Restraints
• Key Challenges
• Key Opportunities
• Impact Analysis of Drivers and Restraints
• Porter's Five Force Model
• PESTEL Analysis

Companies Featured

• Bosch
• Cisco Systems
• Colas (Wattway)
• Cubic Transportation Systems
• Econolite
• ElectRoad
• Ericsson
• Huawei
• Indra Sistemas
• Iteris
• Kapsch TrafficCom
• Nokia
• Qualcomm
• Sensys Networks
• Siemens Mobility
• SolaRoad
• Swarco
• Teledyne FLIR
• Thales
• TransCore

Market Segmentation

Technology

• Traffic management system
• Communication technology
• Accident prevention software
• Power solutions
• Others

Sensors

• Anemometers
• Strain gauge
• Accelerometers
• Weigh-in-motion devices
• Temperature sensors
• Others

Deployment

• On-premises
• Cloud-based

End Use

• Government & public infrastructure bodies
• Private sector
• Energy & utility providers
• Others

Regional Segmentation (2023-2033; US$ Million)

North America

• U.S.
• Canada
• Rest of North America

UK and European Union

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

Asia-Pacific

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

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East and Africa

• GCC
• Africa
• Rest of Middle East and Africa

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