Market Overview

The Global Smart Highway Market 2018-2023: Market to Reach $54.11 Billion by 2023, Growing at a CAGR of 18.15% - ResearchAndMarkets.com

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The "Global
Smart Highway Market - Segmented by Technology, Type of Display (Digital
Signage, Variable Message Sign), Deployment (On-cloud, On-premise),
Service, and Region - Growth, Trends, and Forecast (2018 - 2023)"

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The global smart highway market was valued at USD 19.89 billion in 2017
and is expected to reach a value of USD 54.11 billion by 2023 at a CAGR
of 18.15% over the forecast period of 2018-2023.

Owing to the intensifying congestion, increasing pollution levels, and
continuously increasing traffic, governments, road authorities, and road
operators are focusing on upgrading the highway and roadway
infrastructure. Due to these efforts, smart highways are expected to
witness rapid adoption as they integrate advanced Information
Communication Technology (ICT) solutions.

Moreover, for building wider, multi-lane roads with high-quality
materials and efficient lane markings, highway infrastructure programs
in several parts of the world are increasingly relying on advanced
technologies and solutions that help in efficiently managing the flow of
traffic on highways.

However, the high cost of installing all the technologies and components
that make up the intelligent highway network are hindering the smart
highway market.

Key Highlights

  • Increasing Highway Infrastructure Projects to Drive the Market
  • Smart Transportation Management System Offers Potential Opportunities
  • North America to Account for a Major Share

Notable Developments

  • Cisco partnered with Davra Networks in February 2017 to gather and
    analyze real-time data from sensors and data sources to improve
    mobility and safety across the town, reduce congestion, and improve
    traffic management.

Key Topics Covered

1. Introduction

2. Research Approach and Methodology

3. Market Insights

4. Market Segmentation

5. Competitive Intelligence - Company Profiles

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

6. Investment Analysis

7. Future of the Market

For more information about this report visit https://www.researchandmarkets.com/research/h2j76b/the_global_smart?w=4

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