Global Smart Highway Market Size is estimated to expand rapidly in coming years, at a CAGR of 18.4 % from 2018 to 2025. In 2017, the global market valuation was USD 13.1 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Smart highways and intelligent roads are terms for a number of distinct ways of incorporating technologies into highways, enhancing the operation of linked and independent cars (CAVs), traffic lights and street lighting, and tracking road conditions, traffic levels, and vehicle speeds. Geographically, North America is expected to witness high growth in the forecast period.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global smart highway market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global smart highway market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Technology Type Insights: On the basis of technology, the global smart highway market has been segmented into intelligent transportation management, intelligent traffic management, communication, monitoring. Among which intelligent transportation management segment is expected to grow at a higher rate in the forecast period. The intelligent transport management system consists of technology lane departure warning system (LDW), automatic number plate recognition system (ANPR), incident detection system and radio frequency identification system (RFID)

By Display Insights: On the basis of display, global smart highway market has been segmented into variable message signs, digital signage, and others. Among which variable message signs accounted for the highest share in the global market of smart highways.  

Regional Analysis

The smart highway market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, North America is expected to witness high growth in the upcoming time span. Due to the existence of advanced economies and large public investments, the take-up of intelligent roads is considerably high in North America. The Asia Pacific, on the other hand, is expected to emerge as the most promising market in the near future, with the increasing adoption of the latest technology in infrastructural development. Europe is anticipated to dominate the global smart highway market over the projected period. In the coming years, infrastructural growth in developing markets in the Europe region is likely to promote the global smart highway market.

Global Smart Highway Market Size, Share Analysis by Region 2017

Global Smart Highway Market Study Objective

1. To forecast the market size of smart highway market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of smart highway market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate on significant factors that will have a major impact on the growth of the smart highway market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of smart highway market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the smart highway market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Indra, Alcatel-Lucent, Siemens AG, LG CSN, Kapsch AG, Schneider Electric, CISCO Systems Inc., Xerox Corp., International Business Machine (IBM), and Huawei Technologies Co. Ltd are some of the key players in the market of smart highway.

Global Smart Highway Market Study Report Offer You!

The global smart highway market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.