Road Weather Information System Market Size, Share, Competitive Landscape and Trend Analysis Report by Component and by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

Road Weather Information System Market Statistics - 2019

Road weather information system monitors and communicates several types of road weather information for road alerts and maintenance schedules. It consists of environmental sensor stations, communication system for data transfer, and central systems to collect field data from numerous environmental sensor stations. It plays an important role in monitoring road conditions as it works in low power consumption and functions for extended period in severe conditions. The road weather information system is divided into three types which include water level data, atmospheric data, and pavement data. Moreover, 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. 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. 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.

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.

  Road Weather Information System Market Report Highlights

Aspects	Details
By Component	Hardware Software Services
By Application	Route-Based Forecasting Low-Visibility Warning Systems Emergency Management Climate Change Tracking Others
By Region	North America  (U.S, Canada) Europe  (UK, Germany, France, Spain, Italy, Rest of Europe) Asia-Pacific  (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific) LAMEA  (Latin America, Middle East, Africa)
Key Market Players	Morcom International, Fathym Inc., Airmar Technology Corp, Boschung America LLC, Quixote Transportation Technologies Inc., Campbell Scientific Inc., OneRain Incorporated, High Sierra Electronics Inc., Liquid Robotics Inc., Renaissance Technologies Inc.