Smart Highway Market to touch US$ 54.11 Billion globally by 2023, growing at a CAGR of 18.15% | Top Key Players - Alcatel-Lucent, Cisco, IBM, Infineon, Intelligent Highway Solutions, LG CNS, Siemens AG

Marketprognosis.com Publish a New Market Research Report On “Global Smart Highway Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Smart Highway Market:

The Global Smart Highway Market was valued at USD 19.89 Billion in 2017 and is expected to reach a value of USD 54.11 Billion by 2023 at a CAGR of 18.15% over the forecast period of 2018u20132023. The regions considered in the scope of the report include North America, Europe, Asia-Pacific and the rest of the world.

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Smart highways usually include sensors, smart computing technologies, and smart monitoring systems all connected into a single monitoring unit. Moreover, smart highways are installed to incorporate technologies like utilizing solar energy with photovoltaic pavements, improving the operation of transport vehicles, and for monitoring the condition of the highway and roads. In order to reduce the increasing traffic, traffic technology vendors are introducing advanced changes where highways are one of the attractive segments.

Owing to the intensifying congestion, increasing pollution levels, and continuously increasing traffic, governments, road authorities, and road operators are focusing on upgrading the highway and roadway infrastructure. Due to these efforts, smart highways are expected to witness rapid adoption as they integrate advanced Information Communication Technology (ICT) solutions. Moreover, for building wider, multi-lane roads with high-quality materials and efficient lane markings, highway infrastructure programs in several parts of the world are increasingly relying on advanced technologies and solutions that help in efficiently managing the flow of traffic on highways. However, the high cost of installing all the technologies and components that make up the intelligent highway network are hindering the smart highway market.

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North America is the global technological leader. Coupled with this strength, the increased spending on construction and road infrastructure will offer more opportunities to the region to expand. Also, the public construction spending on the highway and street projects in the United States is very high, with USD 91.13 billion in 2017.

Major Key Players:

1 Alcatel-Lucent

2 Cisco Systems

3 IBM Corporation

4 Indra Systemas SA

5 Infineon Technologies

6 Intelligent Highway Solutions Inc.

7 Kapsch AG

8 LG CNS

9 Schneider Electric

10 Siemens AG and More…………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Smart Highway Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Market Insights

4 Market Segmentation

5 Competitive Intelligence - Company Profiles

6 Investment Analysis

7 Future of the Market

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This release was published on openPR.