Smart Highway

Description

What`s New for 2023?

»Special coverage on Russia-Ukraine war; global inflation; easing of "zero-Covid" policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

»Global competitiveness and key competitor percentage market shares

» Market presence across multiple geographies - Strong/Active/Niche/Trivial

»Online interactive peer-to-peer collaborative bespoke updates

»Access to our digital archives and MarketGlass Research Platform

»Complimentary updates for one year

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

Global Smart Highway Market to Reach $133 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Smart Highway estimated at US$40 Billion in the year 2022, is projected to reach a revised size of US$133 Billion by 2030, growing at a CAGR of 16.2% over the analysis period 2022-2030. Intelligent Transportation Management, one of the segments analyzed in the report, is projected to record a 17.8% CAGR and reach US$78.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Intelligent Traffic Management segment is readjusted to a revised 15.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $16.9 Billion, While China is Forecast to Grow at 14.9% CAGR

The Smart Highway market in the U.S. is estimated at US$16.9 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.7 Billion by the year 2030 trailing a CAGR of 14.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.4% and 13.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 17.1% CAGR.

Select Competitors (Total 53 Featured) -

IBM Corporation
Huawei Technologies Co., Ltd.
Advantech Co., Ltd.
Indra Sistemas SA
Cubic Corporation
International Road Dynamics, Inc.
Iteris, Inc.
Cellint Traffic Solutions
Citilog
IntelliVision
GMV Innovating Solutions SL
EFKON GmbH
Cohda Wireless Pty Ltd.
ALE International
Electronics and Telecommunications Research Institute (ETRI)

Product Code: MCP14814

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Rise in Smart City Initiatives, the Cornerstone for the Growth of Smart Transportation
- Robust Investments in Smart City ICT Technologies Provides the Foundation for the Growth of Smart Highways in Smart City Enablement: Global Market for Smart City Technologies (Hardware, Software, and Services) In US$ Million for the Years 2017 & 2020
- Growing Investments in Infrastructure Development, Especially Roads & Highways, Drives Demand for a Broad Array of ITS Technologies
- The Growing Need to Bridge Infrastructure Gap Which is the Highest for Roadways Promises Robust Opportunity for Smart Highways: Global Cumulative Investments in Roadways Vs Actual Need for the Period 2016-2040 (In US$ Billion)
- Continuous Development of World's Highways to Expand Market Opportunities for Intelligent Transportation Systems (ITS) & Allied Markets: Length of Road Networks (In 000 Kilometers) in Top 15 Countries Worldwide for the Year 2018
- Proliferation of Smart Cars & Allied Enabling Technologies Preps the Smart Highway Market for Growth
- The Unprecedented Rise of Connected Cars as the Future of Driving Fuels the Viability of Smart Highways: Global Number of Connected Cars Shipped (In 000 Units) for the Years 2017, 2019 and 2022
- Vehicle Telematics Plays a Huge Role in Advancing the Concept of Smart Highways & Smart Roads
- Telematics Plays a Huge Role in Automating Highways & Improving Safety on Roads, Which are the Primary Goals of Smart Highways: Global Automotive Telematics Market (In US$ Billion) for the Years 2017, 2019 and 2022
- Smart Highway - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
- ALE International (France)
- Conduent, Inc. (USA)
- Cisco Systems Inc. (USA)
- Huawei Technologies Co., Ltd. (China)
- IBM Corporation (USA)
- Indra Sistemas, S.A. (Spain)
- Infineon Technologies AG (Germany)
- Kapsch TrafficCom AG (Austria)
- LG CNS Corporation (South Korea)
- Nokia (Finland)
- Siemens Mobility GmbH (Germany)
3. MARKET TRENDS & DRIVERS
- Focus on Road User Charging as the Only Sustainable Way to Fund Road Infrastructure Development Drives Investments in ETC Systems
- Migration from Manual Toll Gates to Electronic Toll Gates Gains Momentum
- In a World Where Time is Money, the Rising Economic Cost of Excess Travel/Transit Delays Strengthens the Business Case for Electronic Tolling to Manage Vehicular Congestion: Breakdown of Annual Hours of Delay Due to Traffic Congestions in Select Countries & Cities Worldwide
- IoT & Cloud Computing Emerge as Linchpin Holding the Smart Highway Concept Together
- Cloud Computing, the Workhorse of Data Analysis for Smart Highway Services
- Smart Roads Embedded with Sensors Make Road Infrastructure Monitoring Easy & Cost Effective
- Smart Parking Emerges as a Solution to Traffic Woes
- Developments in Advanced Intelligent Video Surveillance System (AIVSS) to Benefit Intelligent Traffic Surveillance
- GIS and GPS/GNSS Technology, Vital for Successful Smart Highway Deployment
- Special Focus on Multi-Constellation GNSS
- Wireless Communication Technologies Crucial to Market Growth
- DSRC (Dedicated Short Range Communications), as a Superior Technology to RFID Gains in Prominence
- Automatic Traffic Control & Congestion Monitoring Systems Grow for Emissions Reduction
- China Emerges over the Horizon, With the World's Most Ambitious Smart Highway Plans
- China Mobile to Become a Pioneer in Setting up the World's First 5G Smart Highway in Wuhan
4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Recent Past, Current & Future Analysis for Smart Highway by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 2: World 8-Year Perspective for Smart Highway by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2023 & 2030
- TABLE 3: World Recent Past, Current & Future Analysis for Intelligent Transportation Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 4: World 8-Year Perspective for Intelligent Transportation Management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- TABLE 5: World Recent Past, Current & Future Analysis for Intelligent Traffic Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 6: World 8-Year Perspective for Intelligent Traffic Management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- TABLE 7: World Recent Past, Current & Future Analysis for Communication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 8: World 8-Year Perspective for Communication by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- TABLE 9: World Recent Past, Current & Future Analysis for Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 10: World 8-Year Perspective for Monitoring by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
- TABLE 11: World Smart Highway Market Analysis of Annual Sales in US$ Million for Years 2020 through 2030

III. MARKET ANALYSIS

UNITED STATES
- Smart Highway Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
- TABLE 12: USA Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 13: USA 8-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2023 & 2030
CANADA
- TABLE 14: Canada Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 15: Canada 8-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2023 & 2030
JAPAN
- Smart Highway Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
- TABLE 16: Japan Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 17: Japan 8-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2023 & 2030
CHINA
- Smart Highway Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
- TABLE 18: China Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 19: China 8-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2023 & 2030
EUROPE
- Smart Highway Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
- TABLE 20: Europe Recent Past, Current & Future Analysis for Smart Highway by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 21: Europe 8-Year Perspective for Smart Highway by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2023 & 2030
- TABLE 22: Europe Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 23: Europe 8-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2023 & 2030
FRANCE
- Smart Highway Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
- TABLE 24: France Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 25: France 8-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2023 & 2030
GERMANY
- Smart Highway Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
- TABLE 26: Germany Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 27: Germany 8-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2023 & 2030
ITALY
- TABLE 28: Italy Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 29: Italy 8-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2023 & 2030
UNITED KINGDOM
- Smart Highway Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
- TABLE 30: UK Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 31: UK 8-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2023 & 2030
REST OF EUROPE
- TABLE 32: Rest of Europe Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 33: Rest of Europe 8-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2023 & 2030
ASIA-PACIFIC
- Smart Highway Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
- TABLE 34: Asia-Pacific Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 35: Asia-Pacific 8-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2023 & 2030
REST OF WORLD
- TABLE 36: Rest of World Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 37: Rest of World 8-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2023 & 2030

Smart Highway

Description

Table of Contents

TABLE OF CONTENTS

I. METHODOLOGY

II. EXECUTIVE SUMMARY

III. MARKET ANALYSIS

IV. COMPETITION