Smart highways are roads designed with electronic technologies to improve safety, traffic flow, and overall operations. They can incorporate features such as glow-in-the-dark markings, interactive streetlights, and electric or solar-charging lanes. Smart highways may also use data and technology to allow traffic to flow in a way that meets users' needs 1, and to work with smart vehicles for increased safety and efficiency. Examples of smart highway initiatives include the Smart Road Initiative in the United States and the Dutch Smart Highway project.
The worldwide Smart Highways Market Size is relied upon to develop at approx. USD 92.38 Billion by 2023, at 18.7% of CAGR somewhere in the range of 2021-2030.
Get a Free Sample @
https://www.marketresearchfuture.com/sample_request/2931
Segmentation:
The smart highways market can be classified into 5 key segments for the convenience of the report and enhanced understanding;
Segmentation by Technology: Comprises of intelligent transportation management system, intelligent traffic management system, communication system and monitoring system
Segmentation by Display: Comprises of variable message signs, digital signage and others
Segmentation by Deployment: Comprises of cloud and on premise
Segmentation by Service: Comprises of managed service, maintenance and operation service and consultancy service
Segmentation by Region: Comprises of Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
Smart Highways Global Market - Regional Analysis
North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the smart highways market in North America owing to the presence of a large number of established key players such as Alcatel-Lucent, CISCO Systems, Inc., International Business Machine (IBM) and Xerox Corporation among others. Also, due to the growing demand for improved travel experience in the region, the market is likely to show immense growth in the coming future. Smart highways market in Asia Pacific is expected to grow at a substantial CAGR during 2017 to 2023 due to rise in IT technology and increasing adoption of upcoming technologies in the transportation industry in the region. Whereas, the Europe market for smart highways is expected to grow at a considerable CAGR (2017-2023).
Smart Highways Global Market - Competitive Analysis
The market of smart highways appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal RD and, most of all, in acquiring other firms.
Browse Complete Report @
https://www.marketresearchfuture.com/reports/smart-highways-market-2931
Key Players:
Alcatel-Lucent (U.S.), Indra Sistemas, S.A. (Spain), Siemens AG (Germany), Kapsch AG (Germany), LG CSN (South Korea), CISCO Systems, Inc. (U.S.), Schneider Electric (France), International Business Machine (IBM) (U.S.), Xerox Corporation (U.S.), Huawei Technologies Co., Ltd. (China) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Smart Highways Market.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.
Contact:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
