Press release
Global Smart Highway Construction Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Smart Highway Construction Market Size
What Is the Smart Highway Construction Market Size and Projected Growth Rate?
The smart highway construction market size has grown rapidly in recent years. It is expected to grow from $30.26 billion in 2024 to $35.09 billion in 2025, with a CAGR of 16.0%. The growth is attributed to increasing government initiatives, urbanization, rising traffic congestion, growing environmental concerns, and expanding infrastructure investments.
The smart highway construction market is expected to grow to $62.98 billion by 2029, at a CAGR of 15.7%. Growth drivers include the integration of smart technologies, rising demand for efficiency, government funding, increasing traffic volume, and urban infrastructure upgrades. Key trends include increased use of AI, growing adoption of green technologies, rising demand for smart infrastructure, expanding IoT applications, and a focus on sustainability.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19700
What Are the Major Segments in the Smart Highway Construction Market?
The smart highway constructionmarket covered in this report is segmented -
1) By Type: Photovoltaic Pavement, Wireless Vehicle Charging, Frost Protection And Melting Snow Ice, Road Markings, Other Types
2) By Source Of Energy: Solar, Wind, Vibration
3) By Application: Government Funding, Other Fundings
Subsegments:
1) Photovoltaic Pavement: Solar Road Panels, Integrated Solar Systems, Energy Harvesting Pavements
2) Wireless Vehicle Charging: Inductive Charging Systems, Dynamic Wireless Charging, Stationary Wireless Charging
3) Frost Protection And Melting Snow Ice: Heating Systems, De-icing Solutions, Embedded Heating Cables
4) Road Markings: Smart Traffic Lines, Thermoplastic Markings, Reflective Markings
5) Other Types: Intelligent Traffic Management Systems, Smart Roadside Infrastructure, Connected Vehicle Technologies
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19700&type=smp
What Are The Driving Smart Highway Construction Market Evolution?
The increasing number of vehicles is expected to drive the smart highway construction market. The rise in vehicle adoption is fueled by urbanization, higher disposable incomes, and advances in automotive technology. Smart highways enhance connectivity and data sharing between vehicles and infrastructure, improving real-time traffic management and navigation. For example, global vehicle production reached 85.4 million units in 2022. Hence, the increasing number of vehicles is driving the smart highway construction market.
Which Firms Dominate The Smart Highway Construction Market Segments?
Major companies operating in the smart highway construction market are Huawei Technologies Co. Ltd., International Business Machines Corporation, Panasonic Corporation, Cisco Systems Inc., Continental Engineering AG, Honeywell International Inc, SAP SE, ABB Ltd, Colas Inc, Indra Incorporation, Heijmans, Costain Group plc, Alcatel-Lucent Inc, Swarco AG, Nippon Koei Group, VINCI Construction, Miovision Inc, RoadBotics Inc, WiTricity Inc, HAAS Alert Inc., Prisma Photonics, Robotiz3d Inc, Urban SDK
What Are the Latest Developing Trends in the Smart Highway Construction Market?
Major Companies in the smart highway construction market are emphasizing strategic partnerships to drive innovation and improve infrastructure efficiency. Strategic collaborations enable organizations to combine resources and expertise to achieve mutual goals. For instance, in May 2023, Huawei Technologies Co. Ltd. (China) launched the APAC Smart Road, Waterway, and Port Alliance during its Asia-Pacific Partners. This alliance aims to foster collaboration in the Asia-Pacific region to develop intelligent transportation solutions (ITS) for smart highways, focusing on digital technologies for traffic management, real-time monitoring, and congestion control to enhance national development and economic growth.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/smart-highway-construction-global-market-report
Which Is The Largest Region In The Smart Highway Construction Market?
North America was the largest region in the smart highway construction market in 2024. The regions covered in the smart highway construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart Highway Construction Market?
2. What is the CAGR expected in the Smart Highway Construction Market?
3. What Are the Key Innovations Transforming the Smart Highway Construction Industry?
4. Which Region Is Leading the Smart Highway Construction Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Global Smart Highway Construction Market Outlook 2025-2034: Trends, Innovations, And Future Outlook here
News-ID: 4050348 • Views: …
More Releases from The Business Research Company
2025-2034 Inkjet Coder Market Evolution: Disruptions, Innovations, and Untapped …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Inkjet Coder Market Through 2025?
Strong growth has been witnessed in recent years in the inkjet coder market. It is projected that this market will expand from $2.11 billion in 2024 to $2.27 billion in 2025, experiencing a compound annual growth rate…
Global Industrial Cooking Fire Protection Systems For Food Manufacturing Market …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Industrial Cooking Fire Protection Systems For Food Manufacturing Industry Market Size Be by 2025?
Over the past few years, the market size for industrial cooking fire protection systems used in food manufacturing has seen a consistent growth. It is projected that the market value will grow…
High Speed Engine Market Trends That Will Shape the Next Decade: Insights from I …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the High Speed Engine Market Size By 2025?
The market for high speed engines has seen considerable growth in the last few years. The market which is valued at $24.17 billion in 2024 is predicted to reach $25.58 billion in 2025, experiencing a Compound Annual Growth…
Industrial Sector Growth Fuels Expansion Of Evaporative Cooling Market: The Driv …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Evaporative Cooling Market Size Growth Forecast: What to Expect by 2025?
The market size for evaporative cooling has seen a robust growth in recent times. The outlook predicts an escalation from $6.41 billion in 2024 to $6.8 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.…
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…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
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…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
