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.
The report titled "Smart Highway Market - Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast - 2021 – 2027" offers a holistic view of the Smart Highway industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Smart Highway market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Smart Highway Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
The 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
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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
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- number of employees and market concentration, among others
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