China Smart Highway Market Size, Share, Impressive Industry Growth Report 2027

China smart highway market is anticipated to grow at a CAGR of 23.2% during the forecast period (2021-2027). The rapid development of smart highways across the country owing to the growing interest of public and private authorities is a key factor driving the growth of the China smart highway market. Development of 5G smart highway project in Wuhan in Hubei province by Chinese state-owned telecommunication company China Mobile is one of its kinds. The project was started in February 2019. By development of this smart highway, the China Mobile company intends to collect real-time traffic information, make AI-assisted forecasts using the data, which will support driverless cars.

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The 5G smart highway project is being integrated with internet of things (IoT), big data, cloud computing, and AI, as well as other advanced technologies. The growing penetration of advanced technologies in China is anticipated to promote such kind of development across the country’s roadways. Under the 5G smart highway project; the carrier has currently installed 31 5G base stations in Wuhan and added another 2,000 units with an investment of $148.3 million. Such type of transportation development across China is paving way for the growth of smart highway market in China.

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Key questions addressed by the report

What is the market growth rate?
Which segment dominates the market in the base year?
Which segment will project the fastest growth in the market?
How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

China 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

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