Smart highway and smart road are developed to work on illuminating the road such as traffic light, street lighting to improve the operation of autonomous and connected vehicles. It helps to monitor the traffic levels, condition of the road, and the speed of vehicles. The increasing trend towards the automation and adoption of smart cities has boosted the smart highway market. Additionally, the increase in investment in the infrastructure of highways is also catalyzing market growth.
Rising need of smart transport management system, better and sustainable highways is driving the smart highway market. Further, the growing demand for safer roads and a decrease in traffic congestion is also driving the market growth. However, inaccurate information, lack of technical knowledge amongst the drivers are hindering the market growth. The development in the travel sector and the need for transport infrastructure is creating opportunities for the smart highway market.
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- Cisco systems Inc
- Heijmans N.V.
- Huawei Technologies Co., Ltd
- IBM Corporation
- Kapsch AG
- Nippon Koei Co., Ltd.
- Schneider Electric SE
- Siemens AG
Smart Highway Market report also provide a thorough understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, challenges, and opportunities in the Smart Highway Market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of the products/services from the past three years. Moreover, the report also offers a 360º outlook of the market through the competitive landscape of the global industry player and helps the companies to garner Smart Highway Market revenue by understanding the strategic growth approaches.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global smart highway market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The smart highway market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
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The global smart highway market is segmented on the basis of technology and services. Based on technology, the market is segmented as smart transport management system, smart traffic management system, communication system, monitoring system, and others. On the basis of the services the market is segmented into professional services and managed services.
Key Elements that the report acknowledges:
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