Smart Highway Market, By Component (Hardware, Software, and Service), By Deployment Mode (On-Premise and Cloud), By Technology (Intelligent Transportation Management System, Intelligent Management System, Communication System, Monitoring System, and Other
Smart Highway Market, By Component (Hardware, Software, and Service), By Deployment Mode (On-Premise and Cloud), By Technology (Intelligent Transportation Management System, Intelligent Management System, Communication System, Monitoring System, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
Smart highways are next generation highways that leverage advanced technologies like Internet of Things (IoT), Artificial Intelligence (AI), and connected vehicles to enhance road safety, traffic management, and infrastructure optimization. By integrating sensors, cameras, and wireless communication networks into roadways and vehicles, smart highways are able to actively monitor traffic flows, detect accidents, or breakdowns and optimize traffic signal timings in real-time to reduce congestion. For travelers, smart highways promise safer and more efficient journeys through features like adaptive cruise control, collision alerts, and automated lane changing assistance. For transportation agencies, they enable remote monitoring of road conditions, predictive maintenance of assets and data-driven planning of highway capacity expansions. As countries focus on upgrading aging infrastructure and reducing emissions, smart highways are emerging as a promising solution to modernize surface transportation networks globally.
Market Dynamics:
The growth of the smart highway market is driven by rising investments in developing intelligent transportation systems by governments worldwide. Rapid urbanization has led to increased vehicle ownership outpacing the expansion of road networks, boosting investments in smart technologies for traffic management and improved throughput. However, high initial costs of deploying smart infrastructure and lack of standardized communication protocols poses challenges to the market. Nevertheless, growing focus on reducing road accidents and promoting autonomous and connected vehicles present lucrative opportunities. Coordinated efforts by automakers, technology companies, and highway authorities to develop interconnected ecosystems will further propel the market growth in the coming years.
Key features of the study:
This report provides an in-depth analysis of the global smart highway market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global smart highway market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Schneider Electric SE, Siemens AG, SAP SE, Indra Sistemas S.A., Panasonic Corporation, Honeywell International Inc., Masstrans Technologiies Pvt. Ltd., Kapsch AG, Infineon Technologies AG, ALE International, ALE USA Inc, Kapsch TrafficCom AG, Huawei Technologies Co., Ltd., Cisco Systems Inc., IBM Corporation, General Electric Company, and ABB Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global smart highway market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smart highway market.
Detailed Segmentation-
By Component
Hardware
Software
Service
By Deployment Mode
On-Premise
Cloud
By Technology
Intelligent Transportation Management System
Intelligent Management System
Communication System
Monitoring System
Others
By Regional
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Key Players
Schneider Electric SE
Siemens AG
SAP SE
Indra Sistemas S.A.
Panasonic Corporation
Honeywell International Inc.
Masstrans Technologiies Pvt. Ltd.
Kapsch AG
Infineon Technologies AG
ALE International, ALE USA Inc
Kapsch TrafficCom AG
Huawei Technologies Co., Ltd.
Cisco Systems Inc.
IBM Corporation
General Electric Company
ABB Ltd.
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Component
Market Snippet, By Deployment Mode
Market Snippet, By Technology
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of the COVID-19 Pandemic
4. Global Smart Highway Market, By Component, 2019-2031 (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020-2031
Segment Trends
Hardware
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
Software
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
Service
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
5. Global Smart Highway Market, By Deployment Mode, 2019-2031 (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020-2031
Segment Trends
On-Premise
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
Cloud
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
6. Global Smart Highway Market, By Technology, 2019-2031 (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020-2031
Segment Trends
Intelligent Transportation Management System
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
Intelligent Management System
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
Communication System
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
Monitoring System
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
Others
Introduction
Market Size and Forecast, 2019-2031, (US$ Billion)
7. Global Smart Highway Market, By Region, 2019-2031 (US$ Billion)
Introduction
Market Share Analysis, By Region, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020-2031
North America
Regional Trends
Market Size and Forecast, By Component, 2019-2031 (US$ Billion)
Market Size and Forecast, By Deployment Mode, 2019-2031 (US$ Billion)
Market Size and Forecast, By Technology, 2019-2031 (US$ Billion)
Market Share Analysis, By Country, 2019 and 2031 (%)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Component, 2019-2031 (US$ Billion)
Market Size and Forecast, By Deployment Mode, 2019-2031 (US$ Billion)
Market Size and Forecast, By Technology, 2019-2031 (US$ Billion)
Market Share Analysis, By Country, 2019 and 2031 (%)
U.K.
Germany
Italy
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Component, 2019-2031 (US$ Billion)
Market Size and Forecast, By Deployment Mode, 2019-2031 (US$ Billion)
Market Size and Forecast, By Technology, 2019-2031 (US$ Billion)
Market Share Analysis, By Country, 2019 and 2031 (%)
China
India
ASEAN
Australia
South Korea
Japan
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Component, 2019-2031 (US$ Billion)
Market Size and Forecast, By Deployment Mode, 2019-2031 (US$ Billion)
Market Size and Forecast, By Technology, 2019-2031 (US$ Billion)
Market Share Analysis, By Country, 2019 and 2031 (%)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Regional Trends
Market Size and Forecast, By Component, 2019-2031 (US$ Billion)
Market Size and Forecast, By Deployment Mode, 2019-2031 (US$ Billion)
Market Size and Forecast, By Technology, 2019-2031 (US$ Billion)
Market Share Analysis, By Country, 2019 and 2031 (%)
GCC Countries
South Africa
Rest of the Middle East & Africa
8. Competitive Landscape
Company Profiles
Schneider Electric SE
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Siemens AG
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
SAP SE
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Indra Sistemas S.A.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Panasonic Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Honeywell International Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Masstrans Technologiies Pvt. Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Kapsch AG
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Infineon Technologies AG
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
ALE International, ALE USA Inc
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Kapsch TrafficCom AG
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Huawei Technologies Co., Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Cisco Systems Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
IBM Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
General Electric Company
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
ABB Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
9. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. Research Methodology
References
Research Methodology
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