Press release
European Smart Highway Market Size, Growth Analysis Report, Forecast to 2021-2027
European smart highway market is anticipated to grow at a CAGR of 17.4% during the forecast period (2021-2027). The growing adoption of connected cars, autonomous cars, GPS navigation, route optimization apps and ride-hailing services are driving European smart highway market. Looking towards, the benefits of smart transportation, state governments and transport authorities are investing in smart road technologies. For instance, the Ministry of Economic Development and Technology of Slovenia has invested $371.2 million in V2I Smart Highway project that offers a deployable real-time communication between vehicles and infrastructure, a new addition to the world of intelligent transportation systems (ITS).(Get 15% Discount on Buying this Report)
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The system keeps drivers informed of the state of the road in real time and allows reactions that lead to less congestion, less accidents, less stops and spinning, faster travel times and cleaner air; therefore, a comfortable, safe and economical driving experience. In addition to this, a real-time working communication can be developed between V2I traffic process server and V2I unit; V2I unit and V2I traffic process server; V2I traffic process server and administrative control centre; and V2I units and V2X devices in vehicles. The project has been completed in September 2019. The growing funding for development of smart highways to improve traffic management is anticipated to drive the growth of the European smart highway market.
A Full Report of European Smart Highway Market is Available at: https://www.omrglobal.com/industry-reports/europe-smart-highway-market
Market Coverage
The market number available for – 2020-2027
Base year- 2020
Forecast period- 2021-2027
Segment Covered-
o By Technology
o By Deployment Model
o By Service
Competitive Landscape- ABB Ltd., 3M Co., AT & T Inc., Cisco Systems Inc., IBM Corp.
European Smart Highway Market Report Segment
By Technology
Intelligent Transportation Management System
Intelligent Traffic Management System
Communication System
Monitoring System
By Deployment Model
On-Premise
Cloud
By Service
Consultancy Services
Maintenance & Operational Services
Managed Services
European Smart Highway Market Report Segment by Region
UK
Germany
France
Spain
Italy
Rest of Europe
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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