openPR Logo
Press release

Smart Highway Market Unlocking Growth Potential and Market Opportunities through Market Research and Strategic Analysis

05-21-2024 02:40 PM CET | Tourism, Cars, Traffic

Press release from: Coherent Market Insights Pvt Ltd

Smart Highway Market

Smart Highway Market

Market Overview:

Smart highways incorporate various technologies such as sensors, Automatic Number Plate Recognition (ANPR) cameras, variable message signs (VMS), weigh-in-motion (WIM) and others to monitor traffic flow, incident detection and provide real-time traffic and travel information to drivers.

Market Dynamics:

The smart highway market is expected to grow owing to increasing adoption of connected and autonomous vehicles. Connected vehicles communicate with other vehicles and infrastructure on the road to share real-time traffic, road, and safety data to enable optimized traffic management. Autonomous vehicles use intelligent sensors and radars for functions like collision avoidance, adaptive cruise control and self-driving which provides smoother traffic flow. Further, growing investment by governments worldwide in development of smart mobility infrastructure is also expected to fuel the market growth over the forecast period. Governments are focusing on upgrading existing highways to smart highways by installing sensors, cameras and other smart mobility solutions to improve safety, optimize traffic management and enhance commuter experience.

Request Sample Copy of Research Report @
https://www.coherentmarketinsights.com/insight/request-sample/5340

Increased adoption of automated and connected vehicles is driving growth in the smart highway market

The growing popularity of automated and connected vehicles is a key driver boosting the development of smart highways. Leading automakers are investing heavily into developing autonomous driving technologies which will require sophisticated highway infrastructure that can communicate critical safety and navigation information to vehicles in real-time. Smart highways equipped with sensors, cameras and wireless connectivity will be necessary to manage traffic flow and ensure the safe operation of self-driving cars on public roads. Governments around the world are recognizing the need for smart highway networks and providing funding to upgrade existing roads. As automated vehicle technology progresses, the demand for supporting smart transportation systems will rise significantly.

Growing focus on advanced traffic management systems to reduce congestion and fuel consumption

Dense urban traffic congestion is worsening in many cities around the world, dragging down economic productivity. To address this issue, governments and transportation authorities are increasingly focusing on implementing advanced traffic management systems on highways. Smart highway technologies allow authorities to dynamically manage traffic flow, reroute vehicles during incidents or congested periods, monitor road conditions and post variable speed limits. This helps reduce traffic jams, fuel consumption and air pollution. Studies show that reducing congestion through smart transportation infrastructure solutions can yield major economic benefits. As a result, spending on traffic control upgrades and intelligent transportation systems is on the rise globally.

Top Companies Covered In This Report:

Xerox Corporation, Alcatel-Lucent Enterprise (Nokia Corporation), Siemens AG, Cisco Systems Inc., Schneider Electric SE, IBM Corporation, LG CNS Co. Ltd (LG Electronics Inc.), Indra Sistemas SA, Kapsch AG, Infineon Technologies AG, and Huawei Technologies Co. Ltd

Limited Period Offer | Buy Now, Get Up to 25% Off on Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/5340

Opportunity: Growing focus on road safety presents an opportunity for advanced monitoring technologies

Road accidents remain a leading cause of deaths worldwide each year. With growing vehicle numbers on highways, the risks have been steadily rising. Governments and traffic authorities are under pressure to enhance road safety. Advanced monitoring systems that smart highways enable through integrated sensors, cameras and analytics provide an opportunity to significantly boost road safety. Technologies can closely track vehicle and driver behavior, detect incidents rapidly and dispatch emergency response. The growing policy priority and funding towards improving transportation safety is opening up a huge market potential for technologies supporting better incident detection, emergency response and driver assistance on highways.

Trends: Rising demand for data-driven operations and predictive maintenance of road infrastructure

As digital technologies advance, transportation agencies are placing greater emphasis on leveraging real-time data and advanced analytics. Smart highway infrastructure generates massive amounts of useful operational data from connected vehicles and embedded sensors. There is a growing trend where this trove of data is being tapped into for predictive modeling and optimization of various aspects of highway management. Data is helping predict maintenance needs, traffic flow patterns, spots prone to accidents and more. It allows moving from reactive to proactive approaches to operations and maintenance. This shift towards data-driven smart highways is an emerging global trend promising higher efficiency and cost savings for governments and highway operators.

Request Customization Of report @
https://www.coherentmarketinsights.com/insight/request-customization/5340

The report answers a number of crucial questions, including:

Which companies dominate the global Smart Highway market?
What current trends will influence the market over the next few years?
What are the market's opportunities, obstacles, and driving forces?
What predictions for the future can help with strategic decision-making?
What advantages does market research offer businesses?
Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
What is the anticipated growth rate for the Smart Highway market economy globally?

533 Airport Boulevard,
Suite 400, Burlingame,
CA 94010, United States
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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 Smart Highway Market Unlocking Growth Potential and Market Opportunities through Market Research and Strategic Analysis here

News-ID: 3506354 • Views:

More Releases from Coherent Market Insights Pvt Ltd

Real Estate Software Market Size (US$ 28.63 Bn) , Share, Industry Growth (CAGR of 12.6%), and Forecast 2024-2031 | AGCO Corporation, Agrostroj Pelhrimov A.s
Real Estate Software Market Size (US$ 28.63 Bn) , Share, Industry Growth (CAGR o …
Coherent Market Insights recently released an extensive research report on the "Real Estate Software 2024-2031." This report encompasses historical data, current market trends, the future product landscape, upcoming technologies, technological innovations, marketing tactics, emerging opportunities, and advancements within the relevant industry. The research analysis of the Real Estate Software offers critical insights into the market and the overall business environment. It sheds light on how the company is perceived by its
Australia Adventure Tourism Market Size is Likely to Reach a Valuation of Around US$ 96.53 billion by 2031 | Accruent, Altus Group Ltd., AppFolio, Inc
Australia Adventure Tourism Market Size is Likely to Reach a Valuation of Around …
Coherent Market Insights recently released an extensive research report on the "Australia Adventure Tourism 2024-2031." This report encompasses historical data, current market trends, the future product landscape, upcoming technologies, technological innovations, marketing tactics, emerging opportunities, and advancements within the relevant industry. The research analysis of the Australia Adventure Tourism offers critical insights into the market and the overall business environment. It sheds light on how the company is perceived by its
Hydrogen Combustion Engine Market Size, Share, Demand, Growth Analysis & Forecast 2024-2031 | AAT Kings Tours Limited, Contiki
Hydrogen Combustion Engine Market Size, Share, Demand, Growth Analysis & Forecas …
Coherent Market Insights recently released an extensive research report on the "Hydrogen Combustion Engine 2024-2031." This report encompasses historical data, current market trends, the future product landscape, upcoming technologies, technological innovations, marketing tactics, emerging opportunities, and advancements within the relevant industry. The research analysis of the Hydrogen Combustion Engine offers critical insights into the market and the overall business environment. It sheds light on how the company is perceived by its
Hydrogen Trucks Market Trends & Share 2024: Size, Growth Analysis, Global Outlook & Research Report 2031 | BMW Group, Caterpillar Incorporated, Cummins Inc
Hydrogen Trucks Market Trends & Share 2024: Size, Growth Analysis, Global Outloo …
Coherent Market Insights recently released an extensive research report on the "Hydrogen Trucks 2024-2031." This report encompasses historical data, current market trends, the future product landscape, upcoming technologies, technological innovations, marketing tactics, emerging opportunities, and advancements within the relevant industry. The research analysis of the Hydrogen Trucks offers critical insights into the market and the overall business environment. It sheds light on how the company is perceived by its primary target

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
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
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide. This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. The study objectives of this report are: To study and forecast the market size of Smart
IoT Device Management Market Analysis by Application - Smart Manufacturing, Smar …
IoT device management comprises of multiple operating systems and several varieties of communication methods and protocols targeted at conducting smooth functioning of smart devices. The service of IoT device management has become vital for the business sector in recent years due to the rising use of remote operation in a number of industries and the subsequent need to manage the operation of the devices. The global IoT device management market is
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Kitchen Appliances Market : Smart Refrigerators, Smart Dishwashers, Smart …
Albany, New York, July 20, 2017 : Recent research and the current scenario as well as future market potential of "Smart Kitchen Appliances Market (Products - Smart Refrigerators, Smart Dishwashers, Smart Ovens, Smart Cookware and Cooktops, Smart Scales and Thermometers and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" globally. Smart kitchen appliances are premium appliances that are designed for comfortable and efficient operation as