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Smart Highway Market - Global Industry Analysis

Smart Highway Market By Technology (Intelligent Transportation Management, Intelligent Traffic Management System, Communication System, Monitoring System), By Display (Digital Signage, Message Signs, and Others), By Service (Maintenance and Operation Service, Consultancy Service, Managed Service, and Others) and By Deployment (On Cloud and On Premises): Global Industry Perspective, Comprehensive Analysis and Forecast, 2021 – 2028

Published Date: 23-Nov-2021 Category: Heavy Industry Report Format : PDF Pages: 178 Report Code: ZMR-1036 Status : Published

The Global Smart Highway Market accounted for more than USD 27.28 Billion in 2020 and is expected to reach more than USD 112.68 Billion by 2028, growing at a CAGR more than of 19.4% from 2021 to 2028.

Description

Market Overview

The Global Smart Highway Market accounted for more than USD 27.28 Billion in 2020 and is expected to reach more than USD 112.68 Billion by 2028, growing at a CAGR more than of 19.4% from 2021 to 2028.

Smart Transportation is an innovative approach to plan and redesign roadways, that are been designed in order to provide better and safe transport solutions as compared to conventional traditional system. At present, most of the countries across the globe are facing transportation system issues such as having ineffective traffic management systems, poor road conditions, parking issues and others. A smart transportation system is been adopted to minimize these issues and have a proper data collection system regarding the road conditions, traffic details and parking facility information. Smart transportation system involves the utilization and application of IT into the fields of transportation.

Global Smart Highway Market Size

COVID-19 Impact Analysis

The Covid-19 pandemic has affected almost every sector but the most negatively affected sector is the transportation sector. There has been a significant decrease in the transportation business and has been devasting the supply-chain. There has been a halt to the construction sector which has resulted in total disruption of the infrastructure activities. There has been a drop in the traveler numbers subsequently individuals have reduced spending on non-essential activities as the economic condition of individuals has been heavily affected. The activities that are generally used to support the markets revenue growth has seen a delay and hence the market has seen a downfall. However, with the upliftment of the lockdown restrictions the market is regaining its functional position.

Growth Factors

Rising demand and the need for more safe, reliable and efficient transportation has been driving the growth of smart highways market. The growth of interstate highways market and the introduction of electronic toll collection are some of the powerful factors pertaining to the growth of the market. Many cities have been facing a lack of convenient, safe, pollution free and congestion free transportation system and hence the need of Improving and enhancing the transportation system to resolve such issues has been contributing to the growth of the global smart highways market. Many smart cities are even adopting smart city projects that are aiding the intelligent highway solutions and services.

Moreover, successful deployment of highway technology, solutions and their increasing adoption with stringent government implementation for having efficient transportation to have a safer, reliable and cost-effective system is driving the global market growth. Government and public agencies are also focusing on investment in field of operation, maintenance and new improvement of road infrastructure.

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Technology Segment Analysis Preview

Intelligent transportation management system segment held a share of around 11.87% in 2020. The segment consists of technology lane departure warning system, automatic number plate recognition system, incident detection system and radio frequency identification system. The Intelligent transportation management system segment is expected to show the highest growth rate and this is attributable to the benefits this segment offers such as improving traffic safety, controlling traffic and gathering traffic data, reducing the damage to the infrastructure. The monitoring segment under the technology segment is also expected to show growth in forecast period due to the adoption of this system by government in order to reduce accidents and improve road safety.

Application Segment Analysis Preview

On Cloud segment will grow at a CAGR of over 11.67% from 2021 to 2028. The application segment is bifurcated into on cloud and on promises and the on-cloud segment is expected to show highest growth in the forecast period. The benefits and advantages that are offered by smart transportation such as it offers real-time visibility and accurate data, allows concerned city transport authorities and organization to improve efficiency and enhance these benefits increase the demand for cloud segment. The application segment is bifurcated into on cloud and on promises and the on-cloud segment is expected to show highest growth in the forecast period.

Global Smart Highway Market Share

Regional Analysis Preview

The North America region held a share of more than 26.67% in 2020. This is attributable to the existence of advanced economies and large investments spending on construction and road infrastructure. The region is a global technological leader and is expected to witness the highest growth rate in the forecast period. The government authorities are investing in transportation infrastructure for a number of reasons such as enabling trade and reducing the cost trading goods, enhancing the volume of goods transported and enables expansion of retail trade which in turn promotes imports and exports. All these factors are driving the growth of smart highways market in this region.

Global Smart Highway Market Regional Analysis

The Asia Pacific region is projected to grow at a CAGR of more than 21.4% over the forecast period. This is attributable to the growing number of development activities for the improvement of infrastructure in the region. Various factors in this region are supporting the market growth such as development of smart highway projects specifically in countries such as India and China, development in the field of autonomous cars, advanced technologies penetration. Moreover, with rapid urbanization there is development of transportation routes and an increase in infrastructure development funding by the public authorities in order to minimize the traffic over highways which is fueling the market growth in this region. This region is expected to show exponential growth in the forecast period.

Key Market Players & Competitive Landscape

Some of key players in Smart Highway Market are LG CNS, Schneider Electric, Siemens AG, Kapsch AG, Indra infrastructures, IBM, Cisco, Huawei, Alcatel-Lucent, TrafficCom, Xerox Corporation and others.

Key players in the market are focusing on reforming the conventional transportation system and are trying to indulge in collaborations and acquisitions. Some companies have announced strategic partnership to bridge the operational technology and information technology.

The Global Smart Highway Market is segmented as follows:

By Technology

  • Intelligent Transportation Management System
    • Automatic Number Plate Recognition
    • Lane Departure Warning System
    • Radio Frequency Identification
    • Incident Detection System
    • Others
  • Intelligent Traffic Management System
    • Global Navigation Satellite System
    • Electronic Toll Collection System
    • Real-Time Traffic Management
    • Global Positioning System
    • Others
  • Communication System
    • Emergency Network
    • The Radio Network
    • Data Network
    • Others
  • Monitoring System
    • Weather management
    • Traffic Measurement
    • Video surveillance
    • Others

By Display

  • Variable Digital Signage
  • Message Signs
  • Others

By Service

  • Maintenance and Operation Service
  • Consultancy Service
  • Managed Service
  • Others

By Deployment

  • On Cloud
  • On Premises

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1. Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2. Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Technulogy
        • 2.1.1.2. Market Attractiveness Analysis, By Display
        • 2.1.1.3. Market Attractiveness Analysis, By Service
        • 2.1.1.4. Market Attractiveness Analysis, By Deployment
        • 2.1.1.5. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Smart Highway Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3. COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. Middle East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4. Smart Highway Market – By Technulogy Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Technulogy, 2020 & 2028
    • 4.2. Intelligent Transportation Management System
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Intelligent Traffic Management System
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Communication System
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Monitoring System
      • 4.5.1. Market Size and Forecast, By Region (USD Million)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5. Smart Highway Market – By Display Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Display, 2020 & 2028
    • 5.2. Variable Digital Signage
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Message Signs
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Others
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6. Smart Highway Market – By Service Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Service, 2020 & 2028
    • 6.2. Maintenance and Operation Service
      • 6.2.1. Market Size and Forecast, By Region (USD Million)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Consultancy Service
      • 6.3.1. Market Size and Forecast, By Region (USD Million)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Managed Service
      • 6.4.1. Market Size and Forecast, By Region (USD Million)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.5. Others
      • 6.5.1. Market Size and Forecast, By Region (USD Million)
      • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7. Smart Highway Market – By Deployment Segment Analysis
    • 7.1. Overview
      • 7.1.1. Market Revenue Share, By Deployment, 2020 & 2028
    • 7.2. On Cloud
      • 7.2.1. Market Size and Forecast, By Region (USD Million)
      • 7.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.3. On Premises
      • 7.3.1. Market Size and Forecast, By Region (USD Million)
      • 7.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 8. Smart Highway Market – Regional Analysis
    • 8.1. Overview
      • 8.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 8.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 8.2. North America
      • 8.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 8.2.2. North America Market Revenue, By Technulogy, 2016 – 2028
      • 8.2.3. North America Market Revenue, By Display, 2016 – 2028
      • 8.2.4. North America Market Revenue, By Service, 2016 – 2028
      • 8.2.5. North America Market Revenue, By Deployment, 2016 – 2028
    • 8.3. Europe
      • 8.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 8.3.2. Europe Market Revenue, By Technulogy, 2016 – 2028
      • 8.3.3. Europe Market Revenue, By Display, 2016 – 2028
      • 8.3.4. Europe Market Revenue, By Service, 2016 – 2028
      • 8.3.5. Europe Market Revenue, By Deployment, 2016 – 2028
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 8.4.2. Asia Pacific Market Revenue, By Technulogy, 2016 – 2028
      • 8.4.3. Asia Pacific Market Revenue, By Display, 2016 – 2028
      • 8.4.4. Asia Pacific Market Revenue, By Service, 2016 – 2028
      • 8.4.5. Asia Pacific Market Revenue, By Deployment, 2016 – 2028
    • 8.5. Latin America
      • 8.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 8.5.2. Latin America Market Revenue, By Technulogy, 2016 – 2028
      • 8.5.3. Latin America Market Revenue, By Display, 2016 – 2028
      • 8.5.4. Latin America Market Revenue, By Service, 2016 – 2028
      • 8.5.5. Latin America Market Revenue, By Deployment, 2016 – 2028
    • 8.6. Middle East and Africa
      • 8.6.1. Middle East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 8.6.2. Middle East and Africa Market Revenue, By Technulogy, 2016 – 2028
      • 8.6.3. Middle East and Africa Market Revenue, By Display, 2016 – 2028
      • 8.6.4. Middle East and Africa Market Revenue, By Service, 2016 – 2028
      • 8.6.5. Middle East and Africa Market Revenue, By Deployment, 2016 – 2028
  • Chapter No. 9. Smart Highway Market – Industry Analysis
    • 9.1. Introduction
    • 9.2. Market Drivers
      • 9.2.1. Driving Factor 1 Analysis
      • 9.2.2. Driving Factor 2 Analysis
    • 9.3. Market Restraints
      • 9.3.1. Restraining Factor Analysis
    • 9.4. Market Opportunities
      • 9.4.1. Market Opportunity Analysis
    • 9.5. Porter’s Five Forces Analysis
    • 9.6. PEST Analysis
    • 9.7. Regulatory Landscape
    • 9.8. Technulogy Landscape
    • 9.9. Regional Market Trends
      • 9.9.1. North America
      • 9.9.2. Europe
      • 9.9.3. Asia Pacific
      • 9.9.4. Latin America
      • 9.9.5. Middle East and Africa
    • 9.10. Pricing Analysis
    • 9.11. Value Chain Analysis
    • 9.12. Downstream Buyers
    • 9.13. Distributors/Traders List
  • Chapter No. 10. Competitive Landscape
    • 10.1. Company Market Share Analysis – 2019
      • 10.1.1. Global Smart Highway Market: Company Market Share, 2019
      • 10.1.2. Global Smart Highway Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 10.1.3. Global Smart Highway Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 10.1.4. Global Smart Highway Market: Radar Determinant Chart, 2019
    • 10.2. Strategic Developments
      • 10.2.1. Acquisitions & Mergers
      • 10.2.2. New Product Launch
      • 10.2.3. Regional Expansion
    • 10.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 11. Company Profiles
    • 11.1. LG CNS
      • 11.1.1. Company Overview
      • 11.1.2. Key Executives
      • 11.1.3. Product Portfulio
      • 11.1.4. Financial Overview
      • 11.1.5. Operating Business Segments
      • 11.1.6. Business Performance
      • 11.1.7. Recent Developments
    • 11.2. Schneider Electric
    • 11.3. Siemens AG
    • 11.4. Kapsch AG
    • 11.5. Indra infrastructures
    • 11.6. IBM
    • 11.7. Cisco
    • 11.8. Huawei
    • 11.9. Alcatel-Lucent
    • 11.10. TrafficCom
    • 11.11. Xerox Corporation
  • Chapter No. 12. Marketing Strategy Analysis
    • 12.1. Marketing Channel
    • 12.2. Direct Marketing
    • 12.3. Indirect Marketing
    • 12.4. Marketing Channel Development Trends
    • 12.5. Economic/Pulitical Environmental Change
  • Chapter No. 13. Research Methodulogy
    • 13.1. Research Methodulogy
    • 13.2. Phase I - Secondary Research
    • 13.3. Phase II - Data Modeling
      • 13.3.1. Company Share Analysis Model
      • 13.3.2. Revenue Based Modeling
    • 13.4. Phase III - Primary Research
    • 13.5. Research Limitations
      • 13.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Technology
FIG NO. 2. Market Attractiveness Analysis, By Display
FIG NO. 3. Market Attractiveness Analysis, By Service
FIG NO. 4. Market Attractiveness Analysis, By Deployment
FIG NO. 5. Market Attractiveness Analysis, By Region
FIG NO. 6. Global Smart Highway Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 7. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 8. Market Revenue Share, By Technology, 2020 & 2028
FIG NO. 9. Global Smart Highway Market for Intelligent Transportation Management System, Revenue (USD Million) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Smart Highway Market for Intelligent Transportation Management System, By Country, 2020 & 2028
FIG NO. 11. Global Smart Highway Market for Intelligent Traffic Management System, Revenue (USD Million) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Smart Highway Market for Intelligent Traffic Management System, By Country, 2020 & 2028
FIG NO. 13. Global Smart Highway Market for Communication System, Revenue (USD Million) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Smart Highway Market for Communication System, By Country, 2020 & 2028
FIG NO. 15. Global Smart Highway Market for Monitoring System, Revenue (USD Million) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Smart Highway Market for Monitoring System, By Country, 2020 & 2028
FIG NO. 17. Market Revenue Share, By Display, 2020 & 2028
FIG NO. 18. Global Smart Highway Market for Variable Digital Signage, Revenue (USD Million) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Smart Highway Market for Variable Digital Signage, By Country, 2020 & 2028
FIG NO. 20. Global Smart Highway Market for Message Signs, Revenue (USD Million) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Smart Highway Market for Message Signs, By Country, 2020 & 2028
FIG NO. 22. Global Smart Highway Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Smart Highway Market for Others, By Country, 2020 & 2028
FIG NO. 24. Market Revenue Share, By Service, 2020 & 2028
FIG NO. 25. Global Smart Highway Market for Maintenance and Operation Service, Revenue (USD Million) 2016 – 2028
FIG NO. 26. Comparative Revenue Analysis of Smart Highway Market for Maintenance and Operation Service, By Country, 2020 & 2028
FIG NO. 27. Global Smart Highway Market for Consultancy Service, Revenue (USD Million) 2016 – 2028
FIG NO. 28. Comparative Revenue Analysis of Smart Highway Market for Consultancy Service, By Country, 2020 & 2028
FIG NO. 29. Global Smart Highway Market for Managed Service, Revenue (USD Million) 2016 – 2028
FIG NO. 30. Comparative Revenue Analysis of Smart Highway Market for Managed Service, By Country, 2020 & 2028
FIG NO. 31. Global Smart Highway Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 32. Comparative Revenue Analysis of Smart Highway Market for Others, By Country, 2020 & 2028
FIG NO. 33. Market Revenue Share, By Deployment, 2020 & 2028
FIG NO. 34. Global Smart Highway Market for On Cloud, Revenue (USD Million) 2016 – 2028
FIG NO. 35. Comparative Revenue Analysis of Smart Highway Market for On Cloud, By Country, 2020 & 2028
FIG NO. 36. Global Smart Highway Market for On Premises, Revenue (USD Million) 2016 – 2028
FIG NO. 37. Comparative Revenue Analysis of Smart Highway Market for On Premises, By Country, 2020 & 2028
FIG NO. 38. Global Smart Highway Market Revenue Share, By Region, 2020 & 2028
FIG NO. 39. North America Smart Highway Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 40. Porter’s Five Forces Analysis for Global Smart Highway Market
FIG NO. 41. PEST Analysis for Global Smart Highway Market
FIG NO. 42. Pricing Analysis for Global Smart Highway Market
FIG NO. 43. Value Chain Analysis for Global Smart Highway Market
FIG NO. 44. Company Share Analysis, 2019
FIG NO. 45. Radar Determinant Chart, 2019
FIG NO. 46. Company Strategic Developments – Heat Map Analysis
FIG NO. 47. LG CNS Business Segment Revenue Share, 2020 (%)
FIG NO. 48. LG CNS Geographical Segment Revenue Share, 2020 (%)
FIG NO. 49. Market Channels
FIG NO. 50. Marketing Channel Development Trend
FIG NO. 51. Growth in World Gross Product, 2008-2018
FIG NO. 52. Research Methodology – Detailed View
FIG NO. 53. Research Methodology
 


List of Tables

TABLE NO. 1. Global Smart Highway Market: Snapshot
TABLE NO. 2. Quarterly Smart Highway Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Smart Highway Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Smart Highway Market for Intelligent Transportation Management System, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Smart Highway Market for Intelligent Traffic Management System, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Smart Highway Market for Communication System, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Smart Highway Market for Monitoring System, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Smart Highway Market for Variable Digital Signage, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Smart Highway Market for Message Signs, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Smart Highway Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Smart Highway Market for Maintenance and Operation Service, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14. Global Smart Highway Market for Consultancy Service, by Region, 2016 – 2028 (USD Million)
TABLE NO. 15. Global Smart Highway Market for Managed Service, by Region, 2016 – 2028 (USD Million)
TABLE NO. 16. Global Smart Highway Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 17. Global Smart Highway Market for On Cloud, by Region, 2016 – 2028 (USD Million)
TABLE NO. 18. Global Smart Highway Market for On Premises, by Region, 2016 – 2028 (USD Million)
TABLE NO. 19. Global Smart Highway Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 20. North America Smart Highway Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 21. North America Smart Highway Market Revenue, By Technology , 2016 – 2028 (USD Million)
TABLE NO. 22. North America Smart Highway Market Revenue, By Display, 2016 – 2028 (USD Million)
TABLE NO. 23. North America Smart Highway Market Revenue, By Service, 2016 – 2028 (USD Million)
TABLE NO. 24. North America Smart Highway Market Revenue, By Deployment, 2016 – 2028 (USD Million)
TABLE NO. 25. Drivers for the Smart Highway Market: Impact Analysis
TABLE NO. 26. Restraints for the Smart Highway Market: Impact Analysis
TABLE NO. 27. Major Buyers of Smart Highway
TABLE NO. 28. Distributors/Traders List of Smart Highway
TABLE NO. 29. Global Smart Highway Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 30. Global Smart Highway Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
 

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FrequentlyAsked Questions

The Global Smart Highway Market was valued at more than USD 27.28 Billion in 2020.

The Global Smart Highway Market is expected to reach more than USD 27.28 Billion in 2020 and is expected to reach more than USD 112.68 Billion by 2028, growing at a CAGR more than of 19.4% from 2021 to 2028.

The key factors influencing the growth of market for smart highways is the increasing need for reliable and sustainable roads in order to reduce traffic issues. With the Rising demand for efficient, safer and less time-consuming transportation the market demand for smart highways is expected to grow in near future. Reduction in traffic congestion, government initiatives for the adoption of smart highways is increasing the demand of business travel and employment needs. Other factors such as need for better and sustainable roads and highways are also enabling the growth of Smart Highway Market.

The North America region held a share of more than 26.67% in 2020. This is attributable to the existence of advanced economies and large investments spending on construction and road infrastructure. The region is a global technological leader and is expected to witness the highest growth rate in the forecast period. The government authorities are investing in transportation infrastructure for a number of reasons such as enabling trade and reducing the cost trading goods, enhancing the volume of goods transported and enables expansion of retail trade which in turn promotes imports and exports.

Some of key players in Smart Highway Market are LG CNS, Schneider Electric, Siemens AG, Kapsch AG, Indra infrastructures, IBM, Cisco, Huawei, Alcatel-Lucent, TrafficCom, Xerox Corporation and others.

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