The road weather information system market growth is attributed to the advanced weather monitoring technology used in the system.
Reduced winter road maintenance costs, reduced environmental pollution, and growth in expenditure on sea, road, and railway transport in developing economies are the major factors that drive the growth of the road weather information system market.
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In addition, road weather information systems consist of advanced weather monitoring technology that record and communicate road weather information for road alerts and maintenance scheduling, fuels the growth of the global market. However, deployment and longstanding issues with snow and ice hampers the growth of the market.
Furthermore, adoption of emerging technologies like sensor technologies in road weather information systems, such as temperature sensors, weather sensors, and visibility sensors are anticipated to create major opportunities in the market.
The road weather information system market is segmented into component, application, and region. In terms of component, it is segmented into hardware, software, and services.
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The hardware segment is further divided into freezing rain and ice detectors, weather sensors, real time monitor & control software, RTMC web servers, and others and the software segment is further divided into RTMC web servers, real-time monitor & control software, Road Weather Information Systems (RWISs), RoadDSS road weather managers, and others.
By application, it is classified into route-based forecasting, low-visibility warning systems, emergency management, climate change tracking, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the road weather information system market analysis are Campbell Scientific Inc., High Sierra Electronics Inc., Boschung America LLC, Renaissance Technologies Inc., Quixote Transportation Technologies Inc., Fathym Inc., OneRain Incorporated, Airmar Technology Corp, Liquid Robotics Inc and Morcom International.
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KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the market along with the current road weather information system market trends and future estimations to elucidate the imminent investment pockets.
- Information about the key drivers, restraints, and opportunities and their impact analysis on the road weather information system market share is provided.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the road weather information system industry.
- The quantitative analysis of the market is provided to determine the market potential.
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