Smart Highway Construction Market Sees Promising Growth in 2026
A smart highway consists of photovoltaic pavements that can collect solar energy to be used for vehicle charging facilities for the solar and battery-operated vehicles. Smart highways are the highway roads that are safer, smarter, and more energy-efficient.
It aims at generating electricity by harnessing solar, wind, and vibration energy. This electricity can be used for electric vehicles, power street lamps, and to power traffic monitoring systems. Electronic Toll Collection (ETC), Variable Message Signs, Lane departure warning system (LDW), Intelligent Transport Systems (ITS) are the technologies to achieve smart highways.
The market is segmented on the basis of source of energy, and source of funding. Based on the source of energy, the market is segmented into solar, wind, and vibration. On the basis of source of funding, the market is segmented into government funding and other funding. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
o Porter's Five Forces model helps to analyze the potential of buyers & suppliers, and the competitive sketch of the market, which is expected to guide the market players to develop strategies accordingly.
o It outlines the current trends and future scenarios of the market from 2016 to 2023 to understand the prevailing opportunities and investment pockets.
o This report provides an in-depth analysis of the smart highway construction market to identify potential investment pockets.
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Top Industry Players:
The key players operating in the market includes Continental Engineering Corpo., Heijmans, Nippon Koei Co., Ltd., Schneider Electric, VINCI CONSTRUCTION, ABB Limited., Alcatel-Lucent Enterprise, Cisco, Colas Ltd., and Huawei Technologies Co., Ltd.
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