Final Report will add the analysis of the impact of COVID-19 on this industry.
The report titled Smart Highway Market has recently added by MarketIntelligenceData to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.
The smart highway market was valued at USD 27.81 billion in 2019,and is expected to reach a value of USD 76.23 billion by 2025,at a CAGR of 18.33% over the forecast period of 2020-2025.
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Top Companies operating in the Global Smart Highway market profiled in the report:– Alcatel-Lucent S.A, Cisco Systems Inc.(NASDAQ: CSCO), IBM Corporation, Indra Sistemas SA, Infineon Technologies AG, Intelligent Highway Solutions Inc., Kapsch AG, LG CNS Co. Ltd, Schneider Electric SE, Siemens AG, Xerox Corporation
Scope of the Report
Smart highways include sensors, smart computing technologies, and smart monitoring systems all connected into a single monitoring unit. Therefore, solutions, such as traffic management, communication, and transport management are gaining traction. In order to reduce the increasing traffic, traffic technology vendors are introducing advanced changes where highways are one of the attractive segments.
Key Market Trends
Smart Transportation Management System Offers Potential Opportunities
– The smart transportation management systems include advanced traffic management and congestion monitoring and management systems, with the integration of traffic control centers, access control and route guidance systems that offer a range of benefits.
– According to the ITS (Intelligent Transportation Systems), the development strategy of the Department of Transport in the Republic of Korea contributes to the decreasing fuel consumption and greenhouse gas emissions by reducing traffic congestion and preventing motor vehicles from idling.
– Owing to similar concerns, the US Department of Energy and Transportation initiated a collaboration to accelerate the R&D of innovative smart transportation solutions and alternative fuel technologies.
– Moreover, in India, with the emergence of electronic toll control, smart transport systems are expected to gain traction in the forecast period. The country has an investment worth INR 50 trillion (USD 777.73 billion) in the infrastructure sector related to smart cities, the smart highway that would have sustainable development in the country.
Regional Analysis For Smart Highway Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Influence of the Smart Highway Market Report:
-Comprehensive assessment of all opportunities and risk in the Smart Highway market.
-Smart Highway market recent innovations and major events.
-Detailed study of business strategies for growth of the Smart Highway market-leading players.
-Conclusive study about the growth plot of Smart Highway market for forthcoming years.
-In-depth understanding of Smart Highway market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Smart Highway market.
Smart Highway Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both Top-down and bottom-up approaches have been used to estimate and validate the market size of Smart Highway Market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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