openPR Logo
Press release

Global Smart Highway Market is Forecasted to Grow at a CAGR Of 18.49% During 2018 – 2023

07-20-2018 12:39 PM CET | Logistics & Transport

Press release from: WISE GUY RESEARCH CONSULTANTS PVT LTD

/ PR Agency: WISE GUY RESEARCH CONSULTANTS PVT LTD
The global smart highway market is expected to be valued at US$14.670 billion in 2017 and is projected to reach US$40.607 billion by 2023 exhibiting a CAGR of 18.49% during the forecast period. This market will witness a high growth in the next five years owing to the rise in the demand for intelligent traffic management system. Advancement in the computer related technologies have added to the improvement in the transport sector. Day to day rise in population and increasing fatal accidents has led to the construction of smart highways across the globe. Also growing traffic congestion which is a big issue and blocked roads resulting from heavy hailstorms, and landslides in hilly areas increase the possibility of accidents leading to high loss of lives and property. The integrated smart systems use digital sensors which can acquire and record data in a landslide, poor weather conditions, and traffic congestions and can display forecasts and alerts on LED screens across the highway. Construction of smart highways has paved the way for a more efficient and sustainable road transport system with a significant decrease in pollution. The key opportunities of the smart highway market are the deployment of advanced technologies, increasing government schemes for raising funds and decent law enforcement, and tremendous funding by different organizations in infrastructure expansion. Smart highways include pavements for photovoltaic cells which will reduce the consumption of power from the conventional sources. The power produced by these solar cells will help in highway lighting, power supply to the public conveniences and toll booths.

On the basis of technology, smart highway market is segmented as smart transport management system, smart traffic management system, smart communication system, and smart monitoring system. Increase in population and the need for constructing robust and intelligent transportation system has led to the evolution of smart highways. Electronic toll collection along with lane departure warning and automatic number plate recognition is the latest technological advancements which have catalyzed the growth of smart highway networks across the globe.

Request a Sample Report @ https://www.wiseguyreports.com/sample-request/3205030-global-smart-highway-market-forecasts-from-2018-to-2023

On the basis of geography, smart highway market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America. Development and adoption of smart construction techniques are highest in North America owing to the huge investments made in the sectors like electric and driverless vehicles. Europe will also emerge as a leading player in global smart highway market due to immense investments made in this sector. Asia-Pacific will emerge as the largest market in recent years owing to the high investments being made and increase in adoption of smart highway techniques.
Competitive Landscape

Smart highway market is highly competitive due to the presence of well diversified international, regional, and local players. However, some big international players dominate the market share owing to the enormous investments being made, and their brand image and market reach. With high market growth rate and increase in demand, this sector is attracting more players to enter the market resulting in a more competitive smart highway market. Competitive landscape provides with the strategy and investment details in order to boost up their presence.
Some of the key players of smart highway market included in the report are Oizom Instruments Pvt. Ltd., Siemens AG, Swarco AG, Efftronics Systems Pvt. Ltd., Traffic Technology Services, Intelligent Highway Solutions, Inc., and Power Electronics among others.

Market Segmentation
The smart highway market has been segmented on the basis of technology, display, deployment, service, and geography.
• By Technology
o Smart Transport Management System
o Smart Traffic Management System
o Smart Communication System
o Smart Monitoring System
• By Display
o Digital Signage
o Variable Signage
• By Deployment
o On Premise
o On Cloud
• By Service
o Consultancy Service
o Operation and Maintenance Service
o Managed Service
• By Geography
o North America
o South America
o Europe
o Middle East & Africa
o Asia-Pacific

Table of Content

1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS
4.1. DRIVERS
4.2. RESTRAINTS
4.3. OPPORTUNITIES AND MARKET TRENDS
4.4. MARKET SEGMENTATION
4.5. PORTER’S FIVE FORCE ANALYSIS
4.5.1. BARGAINING POWER OF SUPPLIERS
4.5.2. BARGAINING POWER OF BUYERS
4.5.3. THREAT OF NEW ENTRANTS
4.5.4. THREAT OF SUBSTITUTES
4.5.5. COMPETITIVE RIVALRY IN THE INDUSTRY
4.6. INDUSTRY VALUE CHAIN ANALYSIS
4.7. INDUSTRY REGULATIONS
4.8. SCENARIO ANALYSIS

5. GLOBAL SMART HIGHWAY MARKET BY TECHNOLOGY (US$ BILLION)
5.1. INTRODUCTION
5.2. SMART TRANSPORT MANAGEMENT SYSTEM
5.3. SMART TRAFFIC MANAGEMENT SYSTEM
5.4. SMART COMMUNICATION SYSTEM
5.5. SMART MONITORING SYSTEM

6. GLOBAL SMART HIGHWAY MARKET BY DISPLAY (US$ BILLION)
6.1. INTRODUCTION
6.2. DIGITAL SIGNAGE
6.3. VARIABLE SIGNAGE

7. GLOBAL SMART HIGHWAY MARKET BY DEPLOYMENT (US$ BILLION)
7.1. INTRODUCTION
7.2. ON PREMISE
7.3. ON CLOUD

8. GLOBAL SMART HIGHWAY MARKET BY SERVICE (US$ BILLION)
8.1. INTRODUCTION
8.2. OPERATION AND MAINTENANCE SERVICE
8.3. MANAGED SERVICE

9. GLOBAL SMART HIGHWAY MARKET BY GEOGRAPHY
9.1. INTRODUCTION
9.2. NORTH AMERICA
9.3. SOUTH AMERICA
9.4. EUROPE
9.5. MIDDLE EAST AND AFRICA
9.6. ASIA PACIFIC

10. COMPETITIVE INTELLIGENCE
10.1. MARKET SHARE ANALYSIS
10.2. STRATEGIES OF KEY PLAYERS
10.3. RECENT DEALS AND INVESTMENTS

11. COMPANY PROFILES
11.1. POWER ELECTRONICS
11.1.1. OVERVIEW
11.1.2. PRODUCTS AND SERVICES
11.1.3. FINANCIALS
11.1.4. RECENT DEVELOPMENTS
11.2. INTELLIGENT HIGHWAY SOLUTIONS, INC.
11.2.1. OVERVIEW
11.2.2. PRODUCTS AND SERVICES
11.2.3. FINANCIALS
11.2.4. RECENT DEVELOPMENTS
11.3. OIZOM INSTRUMENTS PVT. LTD.
11.3.1. OVERVIEW
11.3.2. PRODUCTS AND SERVICES
11.3.3. FINANCIALS
11.3.4. RECENT DEVELOPMENTS
11.4. INDRA SISTEMAS S.A.
11.4.1. OVERVIEW
11.4.2. PRODUCTS AND SERVICES
11.4.3. FINANCIALS
11.4.4. RECENT DEVELOPMENTS
11.5. SIEMENS AG
11.5.1. OVERVIEW
11.5.2. PRODUCTS AND SERVICES

……Continued

Access Complete Report @ https://www.wiseguyreports.com/reports/3205030-global-smart-highway-market-forecasts-from-2018-to-2023

ABOUT US:
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports features an exhaustive list of market research reports from hundreds of publishers worldwide. We boast a database spanning virtually every market category and an even more comprehensive collection of market research reports under these categories and sub-categories.

ADDRES:
WISE GUY RESEARCH CONSULTANTS PVT LTD
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Smart Highway Market is Forecasted to Grow at a CAGR Of 18.49% During 2018 – 2023 here

News-ID: 1137698 • Views:

More Releases from WISE GUY RESEARCH CONSULTANTS PVT LTD

Global LIMS Industry Analysis 2020 Market Growth, Trends, Opportunities And Forecast To 2026
Global LIMS Industry Analysis 2020 Market Growth, Trends, Opportunities And Fore …
LIMS Market 2020-2026 New Study Reports “LIMS Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports. Report Summary:- The Global LIMS Market Report 2020-2026 (Forecast Period) Offers An In-Depth Study Of Market Growth Factors, Future Evaluation, Country-Level Analysis, LIMS Market Distribution, And Competitive Landscape Study Of Significant Industry Players. Every Segment Of The Global LIMS Market Is Extensively Assessed In The
Asthma Drugs Market 2020 Global Industry Sales, Supply, Demand, Consumption, Analysis And Forecasts To 2026
Asthma Drugs Market 2020 Global Industry Sales, Supply, Demand, Consumption, Ana …
Asthma Drugs Market 2020-2026 New Study Reports “Asthma Drugs Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports. Report Summary:- The Global Asthma Drugs Market Report 2020-2026 (Forecast Period) Offers An In-Depth Study Of Market Growth Factors, Future Evaluation, Country-Level Analysis, Asthma Drugs Market Distribution, And Competitive Landscape Study Of Significant Industry Players. Every Segment Of The Global Asthma Drugs Market Is Extensively Assessed In The Research
Virtual Reality in Education 2020 Global Market Key Players - Alchemy VR, Avantis Education, EON Reality, Google, Oculus VR, Virtalis - Analysis And Forecast To 2026
Virtual Reality in Education 2020 Global Market Key Players - Alchemy VR, Avanti …
Virtual Reality in Education Market 2020-2026 New Study Reports “Virtual Reality in Education Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports. Report Summary:- The Global Virtual Reality in Education Market Report 2020-2026 (Forecast Period) Offers An In-Depth Study Of Market Growth Factors, Future Evaluation, Country-Level Analysis, Virtual Reality in Education Market Distribution, And Competitive Landscape Study Of Significant Industry Players. Every Segment Of The Global
Online Jewelry 2020 Global Market Key Players - Cartier, Tiffany & Co, Pandora, Chaumet, Tanishq, Van cleef & arpels-Analysis And Forecast To 2026
Online Jewelry 2020 Global Market Key Players - Cartier, Tiffany & Co, Pandora, …
Online Jewelry Market 2020-2026 New Study Reports “Online Jewelry Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports. Report Summary:- The Global Online Jewelry Market Report 2020-2026 (Forecast Period) Offers An In-Depth Study Of Market Growth Factors, Future Evaluation, Country-Level Analysis, Online Jewelry Market Distribution, And Competitive Landscape Study Of Significant Industry Players. Every Segment Of The Global Online Jewelry Market Is Extensively Assessed In The Research

All 5 Releases


More Releases for SMART

Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency