Global smart highway market was valued at USD 38910.03 million in 2021 and is expected to reach USD 145268.70 million by 2029, registering a CAGR of 17.90% during the forecast period of 2022-2029.
To thrive in this rapidly transforming marketplace, today’s businesses call for innovative and superlative solutions. Businesses can accomplish an unmatched insights and expertise of the best market opportunities into their relevant markets with the help of Smart Highway Market research report. This market report gives clear idea about the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, possible future trends, and market demand and supply scenarios. Smart Highway Market document covers market analysis, market definition, market segmentation, key developments in the market, key players or competitor analysis and detailed research methodology.
Smart Highway Market Scope:
The smart highway market is segmented on the basis of technology, display, deployment, and service.
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
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
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Some of the key questions answered in this report:
How has the Smart Highway Market performed so far and how will it perform in the coming years?
What has been the impact of COVID-16.8 on the Smart Highway Market?
What are the key regional markets?
What is the breakup of the market based on the procedure?
What is the breakup of the market based on the injury location?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Smart Highway Market and who are the key players?
What is the degree of competition in the industry?
Market Analysis and Size: Smart Highway Market
The World Health Organization (WHO) estimates that 1.35 million individuals lose their lives in automobile accidents every year. And between 20 and 50 million people experience non-fatal injuries, many of whom develop disabilities. There is a pressing need to decrease the number of injuries caused by motor vehicle accidents, and smart motorways are thought to be one of the greatest solutions to this issue. To lessen casualties from motor vehicle accidents, smart lighting, speed monitoring, and other components of smart highways have been developed. Consequently, the market for smart highways is expanding as a result of the rise in traffic injuries. The UN's 2030 Agenda for Sustainable Development has the bold goal of cutting the number of traffic injuries worldwide in half by 2020. As a result, the market is projected to have a positive outlook over the forecasted timeline.
Smart Highway Market - Regional Level Analysis
The countries covered in the Smart Highway Market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Smart Highway Market - Share Analysis:
The smart highway market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to smart highway market.
Key player - Smart Highway Market
Some of the major players operating in the smart highway market are
TrafficCom (Austria)
LG CNS Corporation (South Korea)
Schneider Electric (France)
Alcatel-Lucent S.A. (France)
Xerox Corporation (U.S.)
Siemens (Germany)
SAP SE (Germany)
Indra Sistemas S.A.
Panasonic Corporation (Japan)
Honeywell International Inc (U.S.)
Masstrans Technologiies Pvt. Ltd. (India)
Kapsch AG (Austria)
Infineon Technologies AG (Germany)
ALE International (France)
Kapsch TrafficCom AG (Austria)
Huawei Technologies Co. Ltd. (China)
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Smart Highway Market Share by Product & Procedure type
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