Smart Highway Market Size, Share, Trends, Industry Scope 2022-2027

1. Global Smart Highway Market Research and Forecast Report 2022-2027 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Smart Highway Market Research Report: The latest report by IMARC, titled “Smart Highway Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” " the global smart highways market reached a value of US$ 34.8 Billion in 2021. Smart highways are routes that use cutting-edge technologies for better traffic management and flow. These are equipped with solar panels, closed-circuit television (CCTV) cameras, speed and acoustic sensors, and digital signage that are powered by big data, artificial intelligence (AI), and the Internet of Things (IoT). These technologies are incorporated into roads to improve the connection between two or more autonomous vehicles running on the same track and monitor the road more closely. Several benefits of smart highways include improving mass transit systems, minimizing driving time, reducing road accidents, and enhancing traveler safety and the desire for travel. Request Free Sample Report: https://www.imarcgroup.com/smart-highway-market/requestsample

4. Report Description and Highlights Report Description Global Smart Highway Market Trends : The global market is primarily driven by an increasing number of road accidents. In line with this, the rising international trade among emerging countries is paving the way for smart highways. Furthermore, rapid technological advancements in the transportation sector and the emergence of smart vehicles are offering lucrative growth opportunities in the market. Apart from this, the growing demand for sustainable highways to reduce traffic issues is positively influencing the market. Moreover, multiple market vendors are focusing on providing software platforms with core functionalities, including traffic management, tunnel management, management of equipment, video surveillance, video incident detection, SCADA integration, reporting engine, and alarm management, empowered with fully automated scenario management for fast and reliable system response to incidents. Additionally, the rapid development of smart cities and the escalating awareness associated with the benefits of smart highways are providing a boost to the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 93.3 Billion by 2027, exhibiting a CAGR of 18.16% during 2022-2027. Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).

5. Report Description and Highlights Report Description Market Summary: Breakup by Component: • Hardware • Software • Service Breakup by Deployment Model: • On-premises • Cloud-based Breakup by Technology: • Intelligent Transportation Management System • Lane Departure Warning System (LDW) • Automatic Number Plate Recognition (ANPR) • Incident Detection System • Radio Frequency Identification (RFID) • Intelligent Traffic Management System • Electronic Toll Collection System

6. Report Description and Highlights Report Description • Global Navigation Satellite System (GNSS)/Global Positioning System (GPS) • Real-Time Traffic Management • Communication System • Radio Network • Emergency Network • Data Network • Monitoring System • Traffic Measurement • Weather Management • Video Surveillance • Others Breakup by Region: • North America • United States • Canada • Asia-Pacific • China • Japan • India

7. Report Description and Highlights Report Description • South Korea • Australia • Indonesia • Others • Europe • Germany • France • United Kingdom • Italy • Spain • Russia • Others • Latin America • Brazil • Mexico • Others • Middle East and Africa Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.

8. Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • • Honeywell International Inc. Huawei Technologies Co Ltd. Indra Sistemas S.A. Infineon Technologies AG International Business Machines Corporation Kapsch Aktiengesellschaft LG CNS (LG Corporation) Nokia Oyj Schneider Electric SE Siemens AG Xerox Holdings Corporation View Full Report with TOC & List of Figure: https://www.imarcgroup.com/smart-highway-market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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