Smart Highway Market — Growth, Demand and Key Players to 2025
The attractive drive for smart highway technologies and proposals world over primarily stems from the need for making transportation systems smarter, roads solar-powered, and highways increasingly sustainable. The drive for adopting intelligent transportation systems stems has gained substantial traction underpinned by the need for reducing traffic congestions and improve mobility, notably with the application of information and communication technologies.The smart highway marketwitnesses striking growth momentum from the rising adoption of technologies for generating solar power and the incorporation of smart lighting to interact with traffic situation.
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A report by Transparency Market Research (TMR) takes a critical assessment of all factors and prominent trends and evaluates their role in growth dynamics and their impact on key opportunities emerging during the forecast period of 2017–2025. The report bears the title “Smart Highway Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025”.
The rising effort by numerous automakers in developing and developed nations to put autonomous cars on roads has imparted significant momentum to the growth of the market. The rapid pace of infrastructural developments in numerous developing countries is providing a substantial fillip to the demand for smart highway technologies.
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The staggering rise in volumes of traffic on roads of urban cities across the globe has necessitated the demand for technologies and mechanisms for reducing traffic snarls. The need for making transportation automated and streamlined is catalyzing the demand for smart highway proposals.