Global Smart Highway Market 2021 is expected to register a CAGR of 18.15%, during forecast period with Impact of Covid 19 Analysis

Smart

Global “Smart Highway Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Smart Highway in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Smart Highway Market report categorizes the market based on manufacturers, regions, type, and application. Smart Highway Market reports offer a detailed assessment of the Smart Highway including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Smart Highway market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

TO UNDERSTAND HOW COVID-19 IMPACT IS COVERED IN THIS REPORT – REQUEST SAMPLE

The global smart highway market was valued at USD 19.89 billion in 2017 and is expected to reach a value of USD 54.11 billion by 2023 at a CAGR of 18.15% over the forecast period of 2018–2023. The regions considered in the scope of the report include North America, Europe, Asia-Pacific and the rest of the world.

Smart highways usually include sensors, smart computing technologies, and smart monitoring systems all connected into a single monitoring unit. Moreover, smart highways are installed to incorporate technologies like utilizing solar energy with photovoltaic pavements, improving the operation of transport vehicles, and for monitoring the condition of the highway and roads. In order to reduce the increasing traffic, traffic technology vendors are introducing advanced changes where highways are one of the attractive segments.

Owing to the intensifying congestion, increasing pollution levels, and continuously increasing traffic, governments, road authorities, and road operators are focusing on upgrading the highway and roadway infrastructure. Due to these efforts, smart highways are expected to witness rapid adoption as they integrate advanced Information Communication Technology (ICT) solutions. Moreover, for building wider, multi-lane roads with high-quality materials and efficient lane markings, highway infrastructure programs in several parts of the world are increasingly relying on advanced technologies and solutions that help in efficiently managing the flow of traffic on highways. However, the high cost of installing all the technologies and components that make up the intelligent highway network are hindering the smart highway market.

Increasing Highway Infrastructure Projects to Drive the Market

According to a study, as of May 2017, there were 1,582 Public Private Partnership projects in India, of which 783 were related to roads and bridges accounting for a value of USD 74.63 billion. Moreover, in 2016, in the United States, the public sector spent over USD 91 billion on highway construction. Highway and road construction in the United States is projected to grow to over USD 99.4 billion by 2021. In addition to this, with increasing traffic and congestion in many countries across the world, highways and roads are expected to adopt smart traffic management systems gradually. With these projects and increasing use of GNSS/GPS navigation systems, coupled with other technological advancements, supported by the innovations in smart transportation systems, intelligent highway systems are expected to gain traction in the market.

Smart Transportation Management System Offers Potential Opportunities

The smart transportation management systems include advanced traffic management and congestion monitoring and management systems, with integration of traffic control centers, access control and route guidance systems that offer a range of benefits. According to the ITS (Intelligent Transportation Systems), development strategy of the Department of Transport in the Republic of Korea, ITS contribute to decreasing fuel consumption and greenhouse gas emissions by reducing traffic congestion and preventing motor vehicles from idling. Owing to similar concerns, the US Department of Energy & Transportation initiated a collaboration to accelerate R&D of innovative smart transportation solutions and alternative fuel technologies. Moreover, with the emergence of electronic toll control, the smart transport systems are expected to gain traction in the forecast period.

North America to Account for a Major Share

North America is the global technological leader. Coupled with this strength, the increased spending on construction and road infrastructure will offer more opportunities to the region to expand. Also, the public construction spending on the highway and street projects in the United States is very high, with USD 91.13 billion in 2017.

Moreover, investments in connected highway technology in the region will also significantly contribute to the growth of the market in the future. The Ray, which is an 18 mile stretch of interstate in the state of Georgia is a connected highway that offers an interesting model for transport planners and policymakers across the United States. The road has photovoltaic panels rising above a rest stop, part of a sustainable electric vehicle charging station. The addition of solar panels, sustainable landscaping, and Internet of Things (IoT) will make this a smart and sustainable technology in the future. Combining all these aspects, North America is expected to hold a significant share in the market.

Get a Sample PDF of Report @ https://www.360marketupdates.com/enquiry/request-sample/12886406

The global Smart Highway market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Smart Highway Market Report covers the Top Key-players in 2021:-

  • Alcatel-Lucent
  • Cisco Systems
  • IBM Corporation
  • Indra Systemas SA
  • Infineon Technologies
  • Intelligent Highway Solutions Inc.
  • Kapsch AG
  • LG CNS
  • Schneider Electric
  • Siemens AG
  • Xerox Corporation

Highlighted points of Smart Highway Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

Inquire more and share questions if any before the purchase on this report @ https://www.360marketupdates.com/enquiry/pre-order-enquiry/12886406

This Smart Highway Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Smart Highway? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Smart Highway Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Smart Highway Market? What Was Capacity, Production Value, Cost and PROFIT of Smart Highway Market?
  • What Is Current Market Status of Smart Highway Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Smart Highway Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Smart Highway Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Smart Highway Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Smart Highway Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Smart Highway Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Smart Highway Industry?

Key Developments in the Smart Highway Market:

  • February 2017: Cisco partnered with Davra Networks in February 2017 to gather and analyze real-time data from sensors and data sources to improve mobility and safety across the town, reduce congestion, and improve traffic management. This project was funded by the Department for Transport (DfT), Cooperative-Intelligent Transport Systems (C-ITS), and Smart Infrastructure Competition, which overlooked to improve traffic management on key routes in the town, by providing real-time traffic information to the people of Swindon and delivering updates to commuters in their vehicles to enable them to avoid congestion. The companies engaged in providing smart solutions for traffic management and the increased use in highways to prevent accidents, will offer potential scope for the market to grow.
    The m

    Reasons to Purchase the Report

  • Latest trends coupled with the latest innovations in the industry.
  • Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.
  • Regional analysis of the market.
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3-month analyst support along with the Market Estimate sheet (in Excel).

    Purchase this report (Price 4250 USD for a single-user license) @ https://www.360marketupdates.com/purchase/12886406

    Finally, the report Global Smart Highway Market 2021 describes the Smart Highway industry expansion game plan, the Smart Highway industry knowledge supply, appendix, analysis findings, and the conclusion.

    About 360 Market Updates:

    360 Market Updates is a credible source for gaining the market reports that will provide you with the lead your business needs. At 360 Market Updates, our objective is to provide a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision-makers in finding the most suitable market research solutions under one roof. Our aim is to provide the best solution that matches the exact customer requirements. This drives us to provide you with custom or syndicated research reports.

    Contact Info: –

    360 Market Updates

    Mr. Ajay More

    USA: +1 424 253 0807

    UK: +44 203 239 8187

    [email protected]

    Global Xylooligosaccharides (XOS) Market Growth 2021-2026 With Top Countries Data Share, Scope, Stake, Trends, Industry Size, Sales & Revenue, Growth, Opportunities and Demand with Competitive Landscape and Analysis Research Report

    Global Xylooligosaccharides (XOS) Market Growth 2021-2026 With Top Countries Data Share, Scope, Stake, Trends, Industry Size, Sales & Revenue, Growth, Opportunities and Demand with Competitive Landscape and Analysis Research Report

    Global Xylooligosaccharides (XOS) Market Growth 2021-2026 With Top Countries Data Share, Scope, Stake, Trends, Industry Size, Sales & Revenue, Growth, Opportunities and Demand with Competitive Landscape and Analysis Research Report

    Global Xylooligosaccharides (XOS) Market Growth 2021-2026 With Top Countries Data Share, Scope, Stake, Trends, Industry Size, Sales & Revenue, Growth, Opportunities and Demand with Competitive Landscape and Analysis Research Report

    Agricultural Robots Market Trend Survey 2021 with Top Countries Data Boosting the Growth Worldwide:Market Key Dynamics, Recent and Future Demand, Trends, Share Valuation Industry Size and Foreseen Research Report | With Covid 19 Analysis

    Agricultural Robots Market Trend Survey 2021 with Top Countries Data Boosting the Growth Worldwide:Market Key Dynamics, Recent and Future Demand, Trends, Share Valuation Industry Size and Foreseen Research Report | With Covid 19 Analysis

    Agricultural Robots Market Trend Survey 2021 with Top Countries Data Boosting the Growth Worldwide:Market Key Dynamics, Recent and Future Demand, Trends, Share Valuation Industry Size and Foreseen Research Report | With Covid 19 Analysis

    Terahertz Technologies Market Growth Survey 2021 with Top Countries Data Worldwide Overview By Industry Size, Market Share, Future Trends, Growth Factors and Leading Players Research Report Analysis | With Covid 19 Analysis

    Global Intramedullary Nail Market Size 2021 with Top Countries Data Industry Growth, Size, Share, Forecasts Analysis, Company Profiles, Competitive Landscape and Key Regions Analysis Research Report | With Covid 19 Analysis

    Global Over-the-Air (OTA) Testing Market 2020 Covid 19 Impact on Top countries data Industry Insights by Share, Emerging Trends, Regional Analysis, Segments, Prime Players, Drivers, Growth Factor and Foreseen

  • Previous post Barbecue Accessories Market With Top countries Data : Opportunities, Industry Verticals and Forecast Assessment 2021 to 2026
    Next post Forged Steel Grinding Media Market 2021 with Top countries Data : Detailed Analysis Of Current Industry Figures With Forecasts Growth By 2026