Global Smart Highways Market, By Service (Consultancy, Maintenance & Operations, Management), By Tec

Published Date: | Report Code : IT1933428


Global Smart Highways Market, By Service (Consultancy, Maintenance & Operations, Management), By Technology (Monitoring System, Communication System, Traffic Management System, Transport Management System), By Deployment (On-Premise, Cloud), By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2028)

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Report Code : IT1933428

Status : Upcoming

Market Dynamics:

Increasing demand for smart cars can lead to the growth of smart highways is expected to drive the growth of Smart Highway Market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities. Smart highways are roadways that are equipped with different technologies to ensure a manageable flow of traffic. They are useful for improving the operation of connected and autonomous vehicles, for traffic and streetlights, and for monitoring the condition of the road, traffic levels, and the speed of vehicles.

Smart highways usually involve sensors, smart monitoring systems, and smart computing technologies all connected to a single monitoring unit. The smart highways can help resolve and minimize traffic congestion, reduce road accidents and lower the travel time. The pavements and the roadways on smart highways can be used to generate electricity. With the influx of electric vehicles, these smart highways are also equipped electrical vehicles charging stations.

Key Factors Impacting Market Growth:

  • Increase in demand for safe transport
  • Electronic Toll Collection (ETC) eliminates the hassle of having to find proper change amount and also speeds up the process
  • Increasing demand for smart cars can lead to the growth of smart highways
  • Lack of technological awareness restrains the market growth

Key Developments:

  • In December 2017, China launched the largest solar road

Regional Analysis:

By region, the smart highway market is estimated to be dominated by North America, Western Europe, and the Asia Pacific during the forecast period. With technological advancements and a cluster of global companies operating in these regions, these regions hold key to the growth and development of the smart highway market during the forecast period. Most of the leading companies have operations in these regions to cater to the potential end users in the respective region. 

The North America internet of the smart highway market is further segmented by US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe.  Asia Pacific region is segmented by China, Japan, South Korea, India, and Australia. The Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others.

Companies Covered: IBM, Siemens AG, Schneider Electric, Alcatel-Lucent, Huawei, LG CNS, Kapsch AG, Cisco, TrafficCom, Xerox Corporation, and Indra…

Market Segmentation:

By Service:

  • Consultancy
  • Maintenance & Operations
  • Management

By Technology:

  • Monitoring System
    • Weather
    • Traffic Measurement
    • Video Surveillance
  • Communication System
    • Emergency Service
    • Radio
    • Data Network
  • Traffic Management System
    • Electronic Toll Collection
    • Global Positioning System (GPS)
    • Real-Time Traffic Management
  • Transport Management System
    • Number Plate Recognition
    • Lane Departure Warning
    • Incidence Detection System
    • Number Plate Recognition

By Deployment:

  • On-Premise
  • Cloud

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Service
    • By Technology
    • By Deployment
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Service
    • By Technology
    • By Deployment
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Service
    • By Technology
    • By Deployment
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Service
    • By Technology
    • By Deployment
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Service
    • By Technology
    • By Deployment
  • Rest of the World
    • By Region (South America, Africa)
    • By Service
    • By Technology
    • By Deployment

Reasons to Buy This Report:

  • Market size estimation of the smart highways market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market


We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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