Global Smart Highway Market

As per the latest report by Knowledge Sourcing Intelligence, The global smart highway market is expected to be valued at US$16.916 billion in 2018 and is projected to reach US$40.607 billion by 2023 exhibiting a CAGR of 19.14% during the forecast period. Construction of smart highways has paved the way for a more efficient and sustainable road transport system with a significant decrease in pollution. The key opportunities of the smart highway market are the deployment of advanced technologies, increasing government schemes for raising funds and decent law enforcement, and tremendous funding by different organizations in infrastructure expansion. Smart highways include pavements for photovoltaic cells which will reduce the consumption of power from the conventional sources.

We are providing some segments briefly here:

Market Segmentation

The smart highway market has been segmented on the basis of technology, display, deployment, service, and geography.

By Technology

Smart Transport Management System

Smart Traffic Management System

Smart Communication System

Smart Monitoring System

 

By Display

Digital Signage

Variable Signage

 

By Deployment

On Premise

On Cloud

 

By Service

Consultancy Service

Operation and Maintenance Service

Managed Service

 

By Geography

North America

South America

Europe

Middle East & Africa

Asia-Pacific