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Smart Highway Market Worldwide Industry Growing at a CAGR of 17.90% and Expected to Reach 145268.70 million

Submitted by pravin12 on Mon, 11/28/2022 - 22:15

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.  

SMART HIGHWAY MARKET research report is one of the unsurpassed and comprehensive market research reports which emphasize the challenges, market structures, opportunities, driving forces, emerging trends, and competitive landscape of ICT industry. This market report acts as an authentic source of information which puts forth a telescopic view of the current market trends, situations, opportunities and status. The report also gives explanation about strategic profiling of key players in the market, systematic analysis of their core competencies, and provides a competitive landscape for the market. What is more, the wide ranging SMART HIGHWAY MARKET report offers worth mentioning market data along with future forecast and thorough analysis of the market on a global and regional level.

The insights provided in SMART HIGHWAY MARKET research report are based upon SWOT analysis on which businesses can rely confidently. The information and market insights covered in the report assists with maximizing or minimizing the production of goods depending on the conditions of demand. With the precise and high-tech information, about ICT industry, businesses can know about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the market through a persuasive SMART HIGHWAY MARKET business report.

Smart Highway Market - Scope and Market Size:

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

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Market Analysis and Insights:  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- Country Level Analysis

The countries covered in the smart highway market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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.  

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.) 

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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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