Global Smart Highway Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3600/- USD | Published Date: September 14, 2021 |

The global smart highway market size is anticipated to register a significant CAGR of around 18% during the forecast period from 2021 to 2027. The increasing investment in transportation infrastructure by governments of various economies is a primary factor to drive the market growth. Furthermore, the technological advancement such as intelligent traffic management, electronic toll collection, and automatic traffic control systems is further expected to fuel the market growth. Moreover, the increasing adoption of wireless technologies, smart parking systems, and adoption of monitoring systems is projected to boost the market growth.

Market Segment Insights:

The global smart highway market is bifurcated into technology, services, and geography. On the basis of technology, the market is further segmented into intelligent transport management systems, intelligent traffic management systems, communication systems, monitoring systems, and others. The intelligent traffic management systems segment is accounted to hold a significant market share in 2020. The increasing adoption of electronic toll collection systems and real-time traffic management are some major factors driving the segment growth.

Smart Highway Market Growth

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The smart highway comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The smart highway market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Global Smart Highway Market Segmentation:

By Technology:

  • Intelligent Transport Management System
  • Intelligent Traffic Management System
  • Communication System
  • Monitoring System
  • Others

By Services:

  • Consultancy Services
  • Maintenance and Operation Services
  • Managed Services

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Smart Highway Market: Geographic Coverage

Geographically, North America dominated the global smart highway market in 2020 and estimated to hold the largest market share of around half of the market by the end of the analysis period. The increasing investment in smart roads is a prominent factor to drive the market growth in the region. Furthermore, the investment in connected highway technology is further expected to fuel the market growth in North America. In addition, the adoption of the Internet of Things (IoT) in smart roads, Intelligent transport systems, and the embedded of sensors in roads is projected to propel the market in North America.

Smart Highway Market: Competition Assessment

Some of the prominent market players operating in the global smart highway market are Cisco Systems, Siemens AG, Xerox Corporation, Schneider Electric SE, and IBM Corporation. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Cisco Systems
  • Siemens AG
  • Xerox Corporation
  • Schneider Electric SE
  • IBM Corporation
  • Infineon Technologies
  • Alcatel-Lucent S.A
  • Intelligent Highway Solutions Inc.
  • Kapsch AG
  • LG CNS Co. Ltd

Key Questions Answered by Smart Highway Market Report

  • Global smart highway market forecasts from 2021-2027
  • Regional smart highway market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Smart highway submarket forecasts from 2021-2027 covering the market by technology, by services, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the smart highway market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level smart highway markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the smart highway market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Smart Highway Market Portraiture
2.2. Global Smart Highway Market, by Technology, 2020 (USD Mn)
2.3. Global Smart Highway Market, by Services, 2020 (USD Mn)
2.4. Global Smart Highway Market, by Geography, 2020 (USD Mn)

 

3. Global Smart Highway Market Analysis


3.1. Smart Highway Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis

 

4. Global Smart Highway Market By Technology, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Intelligent Transport Management System
4.3. Intelligent Traffic Management System
4.4. Communication System
4.5. Monitoring System
4.6. Other

 

5. Global Smart Highway Market By Services, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Consultancy Services
5.3. Maintenance and Operation Services
5.4. Managed Services

 

6. North America Smart Highway Market Analysis and Forecast, 2018 – 2027 (USD Mn)


6.1.1. Overview
6.1.2. North America Smart Highway Market by Technology (2018-2027 USD Mn)
6.1.3. North America Smart Highway Market by Services (2018-2027 USD Mn)
6.1.4. North America Smart Highway Market by Country (2018-2027 USD Mn)
6.1.4.1. U.S.
6.1.4.1.1. U.S. Smart Highway Market by Technology (2018-2027 USD Mn)
6.1.4.1.2. U.S. Smart Highway Market by Services (2018-2027 USD Mn)
6.1.4.2. Canada
6.1.4.2.1. Canada Smart Highway Market by Technology (2018-2027 USD Mn)
6.1.4.2.2. Canada Smart Highway Market by Services (2018-2027 USD Mn)

 

7. Europe Smart Highway Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. Europe Smart Highway Market by Technology (2018-2027 USD Mn)
7.1.3. Europe Smart Highway Market by Services (2018-2027 USD Mn)
7.1.4. Europe Smart Highway Market by Country (2018-2027 USD Mn)
7.1.4.1. Germany
7.1.4.1.1. Germany Smart Highway Market by Technology (2018-2027 USD Mn)
7.1.4.1.2. Germany Smart Highway Market by Services (2018-2027 USD Mn)
7.1.4.2. U.K.
7.1.4.2.1. U.K. Smart Highway Market by Technology (2018-2027 USD Mn)
7.1.4.2.2. U.K. Smart Highway Market by Services (2018-2027 USD Mn)
7.1.4.3. France
7.1.4.3.1. France Smart Highway Market by Technology (2018-2027 USD Mn)
7.1.4.3.2. France Smart Highway Market by Services (2018-2027 USD Mn)
7.1.4.4. Italy
7.1.4.4.1. Italy Smart Highway Market by Technology (2018-2027 USD Mn)
7.1.4.4.2. Italy Smart Highway Market by Services (2018-2027 USD Mn)
7.1.4.5. Rest of Europe
7.1.4.5.1. Rest of Europe Smart Highway Market by Technology (2018-2027 USD Mn)
7.1.4.5.2. Rest of Europe Smart Highway Market by Services (2018-2027 USD Mn)

 

8. Asia Pacific Smart Highway Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Asia Pacific Smart Highway Market by Technology (2018-2027 USD Mn)
8.1.3. Asia Pacific Smart Highway Market by Services (2018-2027 USD Mn)
8.1.4. Asia Pacific Smart Highway Market by Country (2018-2027 USD Mn)
8.1.4.1. China
8.1.4.1.1. China Smart Highway Market by Technology (2018-2027 USD Mn)
8.1.4.1.2. China Smart Highway Market by Services (2018-2027 USD Mn)
8.1.4.2. Japan
8.1.4.2.1. Japan Smart Highway Market by Technology (2018-2027 USD Mn)
8.1.4.2.2. Japan Smart Highway Market by Services (2018-2027 USD Mn)
8.1.4.3. Rest of Asia Pacific
8.1.4.3.1. Rest of Asia Pacific Smart Highway Market by Technology (2018-2027 USD Mn)
8.1.4.3.2. Rest of Asia Pacific Smart Highway Market by Services (2018-2027 USD Mn)

 

9. Latin America (LATAM) Smart Highway Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Latin America Smart Highway Market by Technology (2018-2027 USD Mn)
9.1.3. Latin America Smart Highway Market by Services (2018-2027 USD Mn)
9.1.4. Latin America Smart Highway Market by Country (2018-2027 USD Mn)
9.1.4.1. Brazil
9.1.4.1.1. Brazil Smart Highway Market by Technology (2018-2027 USD Mn)
9.1.4.1.2. Brazil Smart Highway Market by Services (2018-2027 USD Mn)
9.1.4.2. Mexico
9.1.4.2.1. Mexico Smart Highway Market by Technology (2018-2027 USD Mn)
9.1.4.2.2. Mexico Smart Highway Market by Services (2018-2027 USD Mn)
9.1.4.3. Rest of Latin America
9.1.4.3.1. Rest of Latin America Smart Highway Market by Technology (2018-2027 USD Mn)
9.1.4.3.2. Rest of Latin America Smart Highway Market by Services (2018-2027 USD Mn)

 

10. Middle East and Africa Smart Highway Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. MEA Smart Highway Market by Technology (2018-2027 USD Mn)
10.1.3. MEA Smart Highway Market by Services (2018-2027 USD Mn)
10.1.4. Middle East and Africa Smart Highway Market, by Country (2018-2027 USD Mn)
10.1.4.1. GCC
10.1.4.1.1. GCC Smart Highway Market by Technology (2018-2027 USD Mn)
10.1.4.1.2. GCC Smart Highway Market by Services (2018-2027 USD Mn)
10.1.4.2. South Africa
10.1.4.2.1. South Africa Smart Highway Market by Technology (2018-2027 USD Mn)
10.1.4.2.2. South Africa Smart Highway Market by Services (2018-2027 USD Mn)
10.1.4.3. Rest of MEA
10.1.4.3.1. Rest of MEA Smart Highway Market by Technology (2018-2027 USD Mn)
10.1.4.3.2. Rest of MEA Smart Highway Market by Services (2018-2027 USD Mn)

 

11. Company Profiles


11.1. Cisco Systems
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Siemens AG
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. Xerox Corporation
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Schneider Electric SE
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. IBM Corporation
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. Infineon Technologies
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. Alcatel-Lucent S.A
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Intelligent Highway Solutions Inc.
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. Kapsch AG
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. LG CNS Co. Ltd.
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
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