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PUBLISHER: IMARC | PRODUCT CODE: 1127857
PUBLISHER: IMARC | PRODUCT CODE: 1127857
Smart Highway Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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The global smart highway market size reached US$ 34.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 93.3 Billion by 2027, exhibiting a growth rate (CAGR) of 18.16% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Smart highways refer to the infrastructural roads integrated with advanced technologies for improved management and sustainable flow of traffic. The highways are incorporated with artificial intelligence (AI), big data and the Internet of Things (IoT)-enabled speed and acoustic sensors, solar panels, closed-circuit television (CCTV) cameras and digital signages. These technologies are embedded to improve visibility, generate energy, communicate with autonomous and connected vehicles and monitor road conditions. They also collect and analyze traffic and vehicle data in real-time to reduce congestion on the streets and optimize e-tolling, payment gateways and parking experience. Smart highways aid in enhancing traffic and passenger safety, reducing travel time and minimizing pollution levels in the environment.
Smart Highway Market Trends:
- The increasing need for reliable and sustainable highways and transportation systems across the globe is among the key factors driving the growth of the market. Moreover, the widespread adoption of smart transportation management systems (STMS) is providing a thrust to the market growth. STMS uses digital sensors to record data regarding landslides, weather conditions and traffic congestions and can display forecasts and alerts on light-emitting diode (LED) screens across the highways. Governments of both developed and emerging economies are also taking extensive initiatives to improve road safety and prevent accidents and mishaps. Additionally, various technological advancements, such as the integration of lane departure warning, automatic number plate recognition and electronic vehicle charging systems, on highways, are acting as other growth-inducing factors. These innovations aid in reducing the overall travel time and enhance the convenience for travelers. Other factors, including the increasing development of smart cities, along with extensive improvements in the existing infrastructure, are anticipated to drive the market toward growth.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global smart highway market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment model and technology.
Breakup by Component:
- Hardware
- Software
- Service
Breakup by Deployment Model:
- On-premises
- Cloud-based
Breakup by Technology:
- Intelligent Transportation Management System
- Lane Departure Warning System (LDW)
- Automatic Number Plate Recognition (ANPR)
- Incident Detection System
- Radio Frequency Identification (RFID)
- Intelligent Traffic Management System
- Electronic Toll Collection System
- Global Navigation Satellite System (GNSS)/Global Positioning System (GPS)
- Real-Time Traffic Management
- Communication System
- Radio Network
- Emergency Network
- Data Network
- Monitoring System
- Traffic Measurement
- Weather Management
- Video Surveillance
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being Cisco Systems Inc., Honeywell International Inc., Huawei Technologies Co Ltd., Indra Sistemas S.A., Infineon Technologies AG, International Business Machines Corporation, Kapsch Aktiengesellschaft, LG CNS (LG Corporation), Nokia Oyj, Schneider Electric SE, Siemens AG and Xerox Holdings Corporation.
Key Questions Answered in This Report:
- How has the global smart highway market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global smart highway market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the deployment model?
- What is the breakup of the market based on the technology?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global smart highway market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR1022A126_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Smart Highway Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Hardware
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Software
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Service
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Deployment Model
- 7.1 On-premises
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Cloud-based
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Technology
- 8.1 Intelligent Transportation Management System
- 8.1.1 Market Trends
- 8.1.2 Key Segments
- 8.1.2.1 Lane Departure Warning System (LDW)
- 8.1.2.2 Automatic Number Plate Recognition (ANPR)
- 8.1.2.3 Incident Detection System
- 8.1.2.4 Radio Frequency Identification (RFID)
- 8.1.3 Market Forecast
- 8.2 Intelligent Traffic Management System
- 8.2.1 Market Trends
- 8.2.2 Key Segments
- 8.2.2.1 Electronic Toll Collection System
- 8.2.2.2 Global Navigation Satellite System (GNSS)/Global Positioning System (GPS)
- 8.2.2.3 Real-Time Traffic Management
- 8.2.3 Market Forecast
- 8.3 Communication System
- 8.3.1 Market Trends
- 8.3.2 Key Segments
- 8.3.2.1 Radio Network
- 8.3.2.2 Emergency Network
- 8.3.2.3 Data Network
- 8.3.3 Market Forecast
- 8.4 Monitoring System
- 8.4.1 Market Trends
- 8.4.2 Key Segments
- 8.4.2.1 Traffic Measurement
- 8.4.2.2 Weather Management
- 8.4.2.3 Video Surveillance
- 8.4.3 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Cisco Systems Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Honeywell International Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Huawei Technologies Co Ltd.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Indra Sistemas S.A.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Infineon Technologies AG
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 International Business Machines Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Kapsch Aktiengesellschaft
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 LG CNS (LG Corporation)
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Nokia Oyj
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Schneider Electric SE
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Siemens AG
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Xerox Holdings Corporation
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.1 Cisco Systems Inc.
Product Code: SR1022A126_Report
List of Figures
- Figure 1: Global: Smart Highway Market: Major Drivers and Challenges
- Figure 2: Global: Smart Highway Market: Sales Value (in Billion US$), 2016-2021
- Figure 3: Global: Smart Highway Market Forecast: Sales Value (in Billion US$), 2022-2027
- Figure 4: Global: Smart Highway Market: Breakup by Component (in %), 2021
- Figure 5: Global: Smart Highway Market: Breakup by Deployment Model (in %), 2021
- Figure 6: Global: Smart Highway Market: Breakup by Technology (in %), 2021
- Figure 7: Global: Smart Highway Market: Breakup by Region (in %), 2021
- Figure 8: Global: Smart Highway (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 9: Global: Smart Highway (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 10: Global: Smart Highway (Software) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 11: Global: Smart Highway (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 12: Global: Smart Highway (Service) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 13: Global: Smart Highway (Service) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 14: Global: Smart Highway (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 15: Global: Smart Highway (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 16: Global: Smart Highway (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 17: Global: Smart Highway (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 18: Global: Smart Highway (Intelligent Transportation Management System) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 19: Global: Smart Highway (Intelligent Transportation Management System) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 20: Global: Smart Highway (Intelligent Traffic Management System) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 21: Global: Smart Highway (Intelligent Traffic Management System) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 22: Global: Smart Highway (Communication System) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 23: Global: Smart Highway (Communication System) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 24: Global: Smart Highway (Monitoring System) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 25: Global: Smart Highway (Monitoring System) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 26: Global: Smart Highway (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 27: Global: Smart Highway (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 28: North America: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 29: North America: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 30: United States: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 31: United States: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 32: Canada: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 33: Canada: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 34: Asia-Pacific: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 35: Asia-Pacific: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 36: China: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 37: China: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 38: Japan: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 39: Japan: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 40: India: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 41: India: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 42: South Korea: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 43: South Korea: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 44: Australia: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 45: Australia: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 46: Indonesia: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 47: Indonesia: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 48: Others: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 49: Others: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 50: Europe: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 51: Europe: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 52: Germany: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 53: Germany: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 54: France: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 55: France: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 56: United Kingdom: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 57: United Kingdom: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 58: Italy: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 59: Italy: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 60: Spain: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 61: Spain: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 62: Russia: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 63: Russia: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 64: Others: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 65: Others: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 66: Latin America: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 67: Latin America: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 68: Brazil: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 69: Brazil: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 70: Mexico: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 71: Mexico: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 72: Others: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 73: Others: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 74: Middle East and Africa: Smart Highway Market: Sales Value (in Million US$), 2016 & 2021
- Figure 75: Middle East and Africa: Smart Highway Market: Breakup by Country (in %), 2021
- Figure 76: Middle East and Africa: Smart Highway Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 77: Global: Smart Highway Industry: SWOT Analysis
- Figure 78: Global: Smart Highway Industry: Value Chain Analysis
- Figure 79: Global: Smart Highway Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Smart Highway Market: Key Industry Highlights, 2021 and 2027
- Table 2: Global: Smart Highway Market Forecast: Breakup by Component (in Million US$), 2022-2027
- Table 3: Global: Smart Highway Market Forecast: Breakup by Deployment Model (in Million US$), 2022-2027
- Table 4: Global: Smart Highway Market Forecast: Breakup by Technology (in Million US$), 2022-2027
- Table 5: Global: Smart Highway Market Forecast: Breakup by Region (in Million US$), 2022-2027
- Table 6: Global: Smart Highway Market: Competitive Structure
- Table 7: Global: Smart Highway Market: Key Players
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