Smart Highway Market to 2028 | Industry Growth Analysis Report

    Smart Highway Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (Smart Transport Management System, Smart Traffic Management System, Communication System, Monitoring System, and Others) and Component (Hardware and Software)

    Publication Month: Nov 2021 | Report Code: TIPRE00005250 | No. of Pages: 164 | Category: Automotive and Transportation | Status: Published

    The smart highway market is expected to grow from US$ 24,885.5 million in 2021 to US$ 81,335.6 million by 2028; it is estimated to grow at a CAGR of 18.4% from 2021 to 2028.

    Various developing and developed economies across the world have initiated multiple programs in designing and implementing smart cities. For instance, China has over 300 smart city projects in the pipeline with prominent involvement by crucial industries and government offices. Similarly, India allocates trillions in its budget every year to facilitate the building of over 100 smart cities. According to the Chinese national smart cities working group, smart cities bring a new concept and model, which facilitate planning, construction, management, and smart services of cities, with the help of IoT, cloud computing, Big Data, space-geographical information integration, and other modern technologies. The use of advanced transportation technologies, thus, becomes a dominant precursor in the successful implementation of smart cities. The purpose of implementing transportation, digitally enabled with info-communication technologies, is to solve the current problems of traffic jams, accidents, pollution, fuel cost, fuel scarcity, and high insurance costs. Smart transportation infrastructure, along with smart highways, includes smart roads, smart streetlights, smart or autonomous vehicles, and smart traffic signs. The emergence of various transportation technologies has led to the introduction of vehicle-to-vehicle communications, vehicular ad hoc networks, electrified roads, harvesting of energy from roads, smart road intersection, self-weighing roads, intelligent transportation systems, cooperative emergency rescue, methods to capture driving behavior, smart-street light, and wireless digital traffic signs.


    Strategic Insights

    Impact of COVID-19 Pandemic on Smart Highway Market

    The onset of the COVID-19 crisis in 2020 led to a grinding halt in infrastructure and construction activities worldwide. All the major regions considered for this market analysis suffered a significant downturn in workloads during the first half of 2020. The lowering economic growth and delayed highway projects had negative impact on the smart highway market in 2020. However, in 2021, the pandemic highlighted the importance for intelligent mobility and roadways solutions, especially in Europe, the US, and China. The UNDA project on “Transport and Trade Connectivity in the Age of Pandemics: Contactless, Seamless and Collaborative UN Solutions” supports the plan of significant economies to adopt information and communication technologies (ICTs) and intelligent transport systems. Major global smart highway market players have been implementing intelligent transport systems and traffic management solutions in various countries to create a supporting ecosystem complementing the development of future-ready connected, contactless, and safer mobility. For instance, around the onset of the pandemic at the end of 2019, Siemens Mobility launched the new Plus+ traffic control solution, which were installed under COVID-secure conditions in cities across the UK.

    Lucrative Regions for Smart Highway Providers

    Lucrative Regions for Smart Highway Providers

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    Smart Highway Market Insights

    Augmenting Demands for Sustainable Highways to Reduce Traffic Issues Boost Smart Highway Market Growth

    A sustainable highway enables societal development and economic growth, and reduces negative impacts on the environment. According to the Federal Highway Administration (FHWA), sustainable highways are an integral part of sustainable development that should be assessed throughout their lifecycle, from design through construction, operations, and maintenance. In addition to addressing environmental and natural resource needs, a sustainable highway caters to the demand for accessibility of transportation services, and safe and comfortable walking, cycling, and transit routes. Highway authorities in the US are addressing sustainability through intelligent transportation systems (ITS), recycling, planning, and environmental relations, along with an adherence to the National Environmental Policy Act (NEPA) requirements. There is an increasing demand for making roads interactive, using light, energy, and information reflecting traffic conditions. In 2015, the Indian government launched the Green Highways (Plantation, Transplantation, and Beautification & Maintenance) Policy, intending to promote the greening of highway corridors with the community, farmers, private sector, NGOs, and government institutions. The project also incorporates a robust monitoring mechanism using satellite systems. The Green Highway Policy is an initiative to make the country pollution-free and curtail the number of road accidents in it. Advancements in the eco-friendly national highway corridors with the collaboration of the private sectors and government institutions are anticipated to pave the way towards sustainable development.

    Component Based Market Insights

    Traffic management teams, civil engineers, and highway maintenance crews face many challenges to maintaining traffic flow and improving safety. Therefore, they are using a coordinated array of hardware, software, and cloud solutions to address these issues. Vendors are providing software platforms with core functionalities—including traffic management, tunnel management, management of equipment, video surveillance, video incident detection, SCADA integration, reporting engine, and alarm management empowered with fully automated scenario management for fast and reliable system response to incidents. Growing demands for consultancy service, maintenance and operation service, and managed service is further anticipated to bolster the growth of the smart highway market.

    Smart Highway Market, by Component – 2020 and 2028 (%)

    Smart Highway Market, by Component – 2020 and 2028 (%)

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    Note: The outer circle represents market size for 2028, and the inner circle represents market size for 2020.

    Players operating in the smart highway market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

    • In 2021, the City of Vienna and Kapsch TrafficCom collaboratively launched the Traffic Management 2.0 for ensuring climate-friendly mobility in the future. This initiative can help UK achieve its net zero target by 2050, and it will help Kapsch in expanding its geographic presence.
    • In 2020, Nokia entered a strategic partnership with China Mobile/CMCC Guangxi to deliver a landslide monitoring and early warning systems for highways operations management company, BGIGC Group (Guangxi Beibu Gulf Investment Group Co. Ltd). This project uses the Nokia IMPACT IoT platform designed to offer a secure, simplified platform comprising device management, data collection and analysis, rule engine, alarm management, and statistical report and analytics capabilities.

    The global Smart Highway Market has been segmented as follows:

    Smart Highway Market – by Technology

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

    Smart Highway Market – by Component

    • Hardware
    • Software

    Smart Highway Market – by Geography

    • North America


      • US
      • Canada
      • Mexico
    • Europe

      • Germany
      • France
      • Italy
      • UK
      • Russia
      • Rest of Europe
    • Asia Pacific (APAC)

      • Australia
      • China
      • India
      • Japan
      • South Korea
      • Rest of APAC
    • Middle East and Africa (MEA)

      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of MEA
    • South America (SAM)

      • Brazil
      • Argentina
      • Rest of SAM

    Company Profiles

    • Cisco Systems, Inc
    • Huawei Technologies Co., Ltd
    • Kapsch TrafficCom AG
    • Nokia Corporation
    • Siemens AG
    • Telegra
    • Conduent, Inc.
    • Toshiba Corporation
    • Nippon Koei Co., Ltd.
    • IBI Group

    1. Introduction

    1.1 Study Scope

    1.2 The Insight Partners Research Report Guidance

    1.3 Market Segmentation

    2. Key Takeaways

    3. Research Methodology

    3.1 Coverage

    3.2 Secondary Research

    3.3 Primary Research

    4. Smart Highway Market Landscape

    4.1 Market Overview

    4.2 PEST Analysis

    4.2.1 North America

    4.2.2 Europe

    4.2.3 APAC

    4.2.4 MEA

    4.2.5 SAM

    4.3 Ecosystem Analysis

    4.4 Expert Opinions

    5. Smart highway Market – Key Market Dynamics

    5.1 Key Market Drivers

    5.1.1 Augmenting Demands for Sustainable Highways to Reduce Traffic Issues

    5.1.2 Rising Integration of Traffic Control Centers and Route Guidance Systems

    5.2 Key Market Restraints

    5.2.1 Lack of Supporting Infrastructure, Unawareness, and Unwillingness to Adopt New Ways

    5.3 Key Market Opportunities

    5.3.1 Digital Reality and Mobility Innovation

    5.4 Future Trends

    5.4.1 Advent of Smart City Concepts

    5.5 Impact Analysis of Drivers And Restraints

    6. Smart Highway – Global Market Analysis

    6.1 Global Smart highway Market Overview

    6.2 Global Smart Highway Market Revenue Forecast and Analysis

    6.3 Market Positioning – Five Key Players

    7. Smart highway Market Analysis – By Technology

    7.1 Overview

    7.2 Smart highway Market, By Technology (2020 and 2028)

    7.3 Smart Transport Management System

    7.3.1 Overview

    7.3.2 Smart transport management system: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)

    7.4 Smart Traffic Management System

    7.4.1 Overview

    7.4.2 Smart Traffic Management System: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)

    7.5 Communication System

    7.5.1 Overview

    7.5.2 Communication System: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)

    7.6 Monitoring System

    7.6.1 Overview

    7.6.2 Monitoring System: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)

    7.7 Others

    7.7.1 Overview

    7.7.2 Others: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)

    8. Smart highway Market Analysis – By Component

    8.1 Overview

    8.2 Smart highway Market, By Component (2020 and 2028)

    8.3 Hardware

    8.3.1 Overview

    8.3.2 Hardware: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)

    8.4 Software

    8.4.1 Overview

    8.4.2 Software: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)

    9. Smart highway Market – Geographic Analysis

    9.1 Overview

    9.2 North America: Smart highway Market

    9.2.1 North America: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.2.2 North America: Smart highway Market, By Technology

    9.2.3 North America: Smart highway Market, By Component

    9.2.4 North America: Smart highway Market, By Country

    9.2.4.1 United States: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.2.4.1.1 United States: Smart highway Market, By Technology

    9.2.4.1.2 United States: Smart highway Market, By Component

    9.2.4.2 Canada: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.2.4.2.1 Canada: Smart highway Market, By Technology

    9.2.4.2.2 Canada: Smart highway Market, By Component

    9.2.4.3 Mexico: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.2.4.3.1 Mexico: Smart highway Market, By Technology

    9.2.4.3.2 Mexico: Smart highway Market, By Component

    9.3 Europe: Smart highway Market

    9.3.1 Europe: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.2 Europe: Smart highway Market, By Technology

    9.3.3 Europe: Smart highway Market, By Component

    9.3.4 Europe: Smart highway Market, By Country

    9.3.4.1 Germany: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.4.1.1 Germany: Smart highway Market, By Technology

    9.3.4.1.2 Germany: Smart highway Market, By Component

    9.3.4.2 France: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.4.2.1 France: Smart highway Market, By Technology

    9.3.4.2.2 France: Smart highway Market, By Component

    9.3.4.3 Italy: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.4.3.1 Italy: Smart highway Market, By Technology

    9.3.4.3.2 Italy: Smart highway Market, By Component

    9.3.4.4 UK: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.4.4.1 UK: Smart highway Market, By Technology

    9.3.4.4.2 UK: Smart highway Market, By Component

    9.3.4.5 Russia: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.4.5.1 Russia: Smart highway Market, By Technology

    9.3.4.5.2 Russia: Smart highway Market, By Component

    9.3.4.6 Rest of Europe: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.4.6.1 Rest of Europe: Smart highway Market, By Technology

    9.3.4.6.2 Rest of Europe: Smart highway Market, By Component

    9.4 Asia-Pacific: Smart highway Market

    9.4.1 Asia-Pacific: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.2 Asia-Pacific: Smart highway Market, By Technology

    9.4.3 Asia-Pacific: Smart highway Market, By Component

    9.4.4 Asia-Pacific: Smart highway Market, By Country

    9.4.4.1 Australia: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.4.1.1 Australia: Smart highway Market, By Technology

    9.4.4.1.2 Australia: Smart highway Market, By Component

    9.4.4.2 China: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.4.2.1 China: Smart highway Market, By Technology

    9.4.4.2.2 China: Smart highway Market, By Component

    9.4.4.3 India: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.4.3.1 India: Smart highway Market, By Technology

    9.4.4.3.2 India: Smart highway Market, By Component

    9.4.4.4 Japan: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.4.4.1 Japan: Smart highway Market, By Technology

    9.4.4.4.2 Japan: Smart highway Market, By Component

    9.4.4.5 South Korea: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.4.5.1 South Korea: Smart highway Market, By Technology

    9.4.4.5.2 South Korea: Smart highway Market, By Component

    9.4.4.6 Rest of Asia-Pacific: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.4.6.1 Rest of Asia-Pacific: Smart highway Market, By Technology

    9.4.4.6.2 Rest of Asia-Pacific: Smart highway Market, By Component

    9.5 Middle East and Africa: Smart highway Market

    9.5.1 Middle East and Africa: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.5.2 Middle East and Africa: Smart highway Market, By Technology

    9.5.3 Middle East and Africa: Smart highway Market, By Component

    9.5.4 Middle East and Africa: Smart highway Market, By Country

    9.5.4.1 South Africa: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.5.4.1.1 South Africa: Smart highway Market, By Technology

    9.5.4.1.2 South Africa: Smart highway Market, By Component

    9.5.4.2 Saudi Arabia: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.5.4.2.1 Saudi Arabia: Smart highway Market, By Technology

    9.5.4.2.2 Saudi Arabia: Smart highway Market, By Component

    9.5.4.3 U.A.E: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.5.4.3.1 U.A.E: Smart highway Market, By Technology

    9.5.4.3.2 U.A.E: Smart highway Market, By Component

    9.5.4.4 Rest of Middle East and Africa: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.5.4.4.1 Rest of Middle East and Africa: Smart highway Market, By Technology

    9.5.4.4.2 Rest of Middle East and Africa: Smart highway Market, By Component

    9.6 South America: Smart highway Market

    9.6.1 South America: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.6.2 South America: Smart highway Market, By Technology

    9.6.3 South America: Smart highway Market, By Component

    9.6.4 South America: Smart highway Market, By Country

    9.6.4.1 Brazil: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.6.4.1.1 Brazil: Smart highway Market, By Technology

    9.6.4.1.2 Brazil: Smart highway Market, By Component

    9.6.4.2 Argentina: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.6.4.2.1 Argentina: Smart highway Market, By Technology

    9.6.4.2.2 Argentina: Smart highway Market, By Component

    9.6.4.3 Rest of South America: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    9.6.4.3.1 Rest of South America: Smart highway Market, By Technology

    9.6.4.3.2 Rest of South America: Smart highway Market, By Component

    10. Smart highway Market - Covid-19 Impact Analysis

    10.1 Overview

    10.2 North America: Impact Assessment of Covid-19 Pandemic

    10.3 Europe: Impact Assessment of Covid-19 Pandemic

    10.4 Asia Pacific: Impact Assessment of Covid-19 Pandemic

    10.5 Middle East & Africa: Impact Assessment of Covid-19 Pandemic

    10.6 South America Impact Assessment of Covid-19 Pandemic

    11. Industry Landscape

    11.1 Overview

    11.2 Market Initiative

    11.3 New Development

    12. Company Profiles

    12.1 Cisco Systems, Inc.

    12.1.1 Key Facts

    12.1.2 Business Description

    12.1.3 Products and Services

    12.1.4 Financial Overview

    12.1.5 SWOT Analysis

    12.1.6 Key Developments

    12.2 Huawei Technologies Co., Ltd.

    12.2.1 Key Facts

    12.2.2 Business Description

    12.2.3 Products and Services

    12.2.4 Financial Overview

    12.2.5 SWOT Analysis

    12.2.6 Key Developments

    12.3 Kapsch TrafficCom AG

    12.3.1 Key Facts

    12.3.2 Business Description

    12.3.3 Products and Services

    12.3.4 Financial Overview

    12.3.5 SWOT Analysis

    12.3.6 Key Developments

    12.4 Nokia Corporation

    12.4.1 Key Facts

    12.4.2 Business Description

    12.4.3 Products and Services

    12.4.4 Financial Overview

    12.4.5 SWOT Analysis

    12.4.6 Key Developments

    12.5 Siemens AG

    12.5.1 Key Facts

    12.5.2 Business Description

    12.5.3 Products and Services

    12.5.4 Financial Overview

    12.5.5 SWOT Analysis

    12.5.6 Key Developments

    12.6 Telegra

    12.6.1 Key Facts

    12.6.2 Business Description

    12.6.3 Products and Services

    12.6.4 Financial Overview

    12.6.5 SWOT Analysis

    12.6.6 Key Developments

    12.7 Conduent, Inc.

    12.7.1 Key Facts

    12.7.2 Business Description

    12.7.3 Products and Services

    12.7.4 Financial Overview

    12.7.5 SWOT Analysis

    12.7.6 Key Developments

    12.8 Toshiba Corporation

    12.8.1 Key Facts

    12.8.2 Business Description

    12.8.3 Products and Services

    12.8.4 Financial Overview

    12.8.5 SWOT Analysis

    12.8.6 Key Developments

    12.9 Nippon Koei Co., Ltd.

    12.9.1 Key Facts

    12.9.2 Business Description

    12.9.3 Products and Services

    12.9.4 Financial Overview

    12.9.5 SWOT Analysis

    12.9.6 Key Developments

    12.10 IBI Group

    12.10.1 Key Facts

    12.10.2 Business Description

    12.10.3 Products and Services

    12.10.4 Financial Overview

    12.10.5 SWOT Analysis

    12.10.6 Key Developments

    13. Appendix

    13.1 About The Insight Partners

    13.2 Word Index


    LIST OF TABLES

    Table 1. Global Smart Highway Market Revenue and Forecast to 2028 (US$ Million)

    Table 2. North America Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 3. North America Smart highway Market, By Component– Revenue and Forecast to 2027 (US$ Million)

    Table 4. North America: Smart highway Market Revenue Share, By Country

    Table 5. United States Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 6. United States Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 7. Canada Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 8. Canada Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 9. Mexico Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 10. Mexico Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 11. Europe Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 12. Europe Smart highway Market, By Component– Revenue and Forecast to 2027 (US$ Million)

    Table 13. Europe Smart highway Market, By Country – Revenue and Forecast to 2027 (US$ Million)

    Table 14. Germany Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 15. Germany Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 16. France Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 17. France Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 18. Italy Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 19. Italy Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 20. UK Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 21. UK Smart highway Market, By Component– Revenue and Forecast to 2027 (US$ Million)

    Table 22. Russia Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 23. Russia Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 24. Rest of Europe Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 25. Rest of Europe Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 26. Asia-Pacific Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 27. Asia-Pacific Smart highway Market, By Component– Revenue and Forecast to 2027 (US$ Million)

    Table 28. Asia-Pacific Smart highway Market, By Country – Revenue and Forecast to 2027 (US$ Million)

    Table 29. Australia Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 30. Australia Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 31. China Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 32. China Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 33. India Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 34. India Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 35. Japan Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 36. Japan Smart highway Market, By Component– Revenue and Forecast to 2027 (US$ Million)

    Table 37. South Korea Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 38. South Korea Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 39. Rest of Asia-Pacific Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 40. Rest of Asia-Pacific Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 41. Middle East and Africa Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 42. Middle East and Africa Smart highway Market, By Component– Revenue and Forecast to 2027 (US$ Million)

    Table 43. Middle East and Africa Smart highway Market, By Country – Revenue and Forecast to 2027 (US$ Million)

    Table 44. South Africa Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 45. South Africa Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 46. Saudi Arabia Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 47. Saudi Arabia Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 48. U.A.E Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 49. U.A.E Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 50. Rest of Middle East and Africa Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 51. Rest of Middle East and Africa Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 52. South America Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 53. South America Smart highway Market, By Component– Revenue and Forecast to 2027 (US$ Million)

    Table 54. SAM Smart highway Market, By Country – Revenue and Forecast to 2028 (USD Million)

    Table 55. Brazil Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 56. Brazil Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 57. Argentina Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 58. Argentina Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 59. Rest of South America Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 60. Rest of South America Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)

    Table 61. List of Abbreviation


    LIST OF FIGURES

    Figure 1. Smart Highway Market Segmentation

    Figure 2. Smart Highway Market Segmentation – By Geography

    Figure 3. Global Smart Highway Market Overview

    Figure 4. Smart Highway Market, By Technology

    Figure 5. Smart Highway Market, By Component

    Figure 6. Smart Highway Market, By Geography

    Figure 7. North America PEST Analysis

    Figure 8. Europe PEST Analysis

    Figure 9. APAC – PEST Analysis

    Figure 10. MEA PEST Analysis

    Figure 11. SAM PEST Analysis

    Figure 12. Smart highway Market- Ecosystem Analysis

    Figure 13. Smart Highway Market Impact Analysis of Drivers and Restraints

    Figure 14. Geographic Overview of Smart highway Market

    Figure 15. Global Smart Highway Market Revenue Forecast and Analysis (US$ Million)

    Figure 16. Smart highway Market Revenue Share, by Product Type (2020 and 2028)

    Figure 17. Smart transport management system: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)

    Figure 18. Smart Traffic Management System: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)

    Figure 19. Communication System: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)

    Figure 20. Monitoring System: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)

    Figure 21. Others: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)

    Figure 22. Smart highway Market Revenue Share, by Technology (2020 and 2028)

    Figure 23. Hardware: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)

    Figure 24. Software: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)

    Figure 25. Global Smart highway Market Revenue Share, By Region (2020 and 2028)

    Figure 26. North America: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 27. North America: Smart highway Market Revenue Share, By Technology (2020 and 2028)

    Figure 28. North America: Smart highway Market Revenue Share, By Component (2020 and 2028)

    Figure 29. North America: Smart highway Market Revenue Share, By Country (2020 and 2028)

    Figure 30. United States: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 31. Canada: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 32. Mexico: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 33. Europe: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 34. Europe: Smart highway Market Revenue Share, By Technology (2020 and 2028)

    Figure 35. Europe: Smart highway Market Revenue Share, By Component (2020 and 2028)

    Figure 36. Europe: Smart highway Market Revenue Share, By Country (2020 and 2028)

    Figure 37. Germany: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 38. France: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 39. Italy: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 40. UK: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 41. Russia: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 42. Rest of Europe: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 43. Asia-Pacific: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 44. Asia-Pacific: Smart highway Market Revenue Share, By Technology (2020 and 2028)

    Figure 45. Asia-Pacific: Smart highway Market Revenue Share, By Component (2020 and 2028)

    Figure 46. Asia-Pacific: Smart highway Market Revenue Share, By Country (2020 and 2028)

    Figure 47. Australia: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 48. China: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 49. India: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 50. Japan: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 51. South Korea: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 52. Rest of Asia-Pacific: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 53. Middle East and Africa: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 54. Middle East and Africa: Smart highway Market Revenue Share, By Technology (2020 and 2028)

    Figure 55. Middle East and Africa: Smart highway Market Revenue Share, By Component (2020 and 2028)

    Figure 56. Middle East and Africa: Smart highway Market Revenue Share, By Country (2020 and 2028)

    Figure 57. South Africa: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 58. Saudi Arabia: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 59. U.A.E: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 60. Rest of Middle East and Africa: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 61. South America: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 62. South America: Smart highway Market Revenue Share, By Technology (2020 and 2028)

    Figure 63. South America: Smart highway Market Revenue Share, By Component (2020 and 2028)

    Figure 64. South America: Smart highway Market Revenue Share, By Country (2020 and 2028)

    Figure 65. Brazil: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 66. Argentina: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 67. Rest of South America: Smart Highway Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 68. Impact of Covid-19 Pandemic in North American Country Markets

    Figure 69. Impact of Covid-19 Pandemic in Europe Country Markets

    Figure 70. Impact of Covid-19 Pandemic in Asia Pacific Country Markets

    Figure 71. Impact of Covid-19 Pandemic In Middle East & Africa Country Markets

    Figure 72. Impact of Covid-19 Pandemic in South America Country Markets

    The List of companies - Smart Highway Market

    1. Cisco
    2. Conduent, Inc.
    3. Huawei Technologies Co., Ltd.
    4. IBI Group
    5. Kapsch TrafficCom AG
    6. Nippon Koei Co., Ltd.
    7. Nokia 
    8. Siemens
    9. Telegra
    10. Toshiba Infrastructure Systems & Solutions Corporation
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    Frequently Asked Questions

    Augmenting Demands for Sustainable Highways to Reduce Traffic Issues Rising Integration of Traffic Control Centers and Route Guidance Systems
    Various technologies, such as ad-hoc mesh Wi-Fi and Cellular Vehicle-to-Everything (C-V2X), keep the drivers informed of the changes in traffic lights and communicate with other vehicles to avoid collisions. Innovations in digital technologies are anticipated to provide lucrative growth opportunities for the smart highway market players during the forecast period. Governments across the globe are significantly investing in connected vehicles technologies to boost the smart highway market growth.
    Based on component, the global smart highway market is segmented into software and hardware. Traffic management teams, civil engineers and highway maintenance crews face many challenges to maintain traffic flow and improve safety. The hardware segment led the smart highway market with a largest market share.
    Asia Pacific (APAC) is the fastest-growing region in the global smart highway market. The high rate of smart highway R&D in several emerging Asian economies is attributed to the rising interest of government authorities, public and private organizations, and other vital stakeholders. For instance, in February 2021, Indian PM Narendra Modi inaugurated the Integrated Command and Control Centre and Smart Roads Project in Thiruvananthapuram with a total investment cost of US$58.5 million.
    Key companies operating in the smart highway industry include Cisco Systems, Inc; Huawei Technologies Co., Ltd; Kapsch TrafficCom AG; Nokia Corporation; Siemens AG; Telegra; Conduent, Inc.; Toshiba Corporation; Nippon Koei Co., Ltd.; and IBI Group Several other players are also operating in the global market, contributing significant revenue shares every year.
    North America dominated The smart highway market in 2020 with a share of more than 30%; it would continue to dominate the market during the forecast period of 2021- 2028.

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