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Global Smart Highway Market to Reach US$51.3 Billion by the Year 2027

·11-min read

Abstract: Global Smart Highway Market to Reach US$51. 3 Billion by the Year 2027. Amid the COVID-19 crisis, the global market for Smart Highway estimated at US$17 Billion in the year 2020, is projected to reach a revised size of US$51.

New York, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Smart Highway Industry" - https://www.reportlinker.com/p05799647/?utm_source=GNW
3 Billion by 2027, growing at a CAGR of 17.1% over the analysis period 2020-2027.Intelligent Transportation Management, one of the segments analyzed in the report, is projected to grow at a 18.6% CAGR to reach US$27.5 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Intelligent Traffic Management segment is readjusted to a revised 17% CAGR for the next 7-year period. This segment currently accounts for a 21.9% share of the global Smart Highway market.

The U.S. Accounts for Over 29.6% of Global Market Size in 2020, While China is Forecast to Grow at a 16.4% CAGR for the Period of 2020-2027

The Smart Highway market in the U.S. is estimated at US$5 Billion in the year 2020. The country currently accounts for a 29.63% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$8.8 Billion in the year 2027 trailing a CAGR of 16.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.4% and 14.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.4% CAGR while Rest of European market (as defined in the study) will reach US$8.8 Billion by the year 2027.

Communication Segment Corners a 14.1% Share in 2020

In the global Communication segment, USA, Canada, Japan, China and Europe will drive the 15.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.9 Billion in the year 2020 will reach a projected size of US$5.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.1 Billion by the year 2027.

Select Competitors (Total 53 Featured)

  • Alcatel-Lucent SA

  • Cisco Systems, Inc.

  • Huawei Technologies Co., Ltd.

  • Indra Philippines

  • Kapsch AG

  • LG CNS

  • Schneider Electric SA

  • Siemens AG

  • Xerox Corporation




Read the full report: https://www.reportlinker.com/p05799647/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Rise in Smart City Initiatives, the Cornerstone for the Growth
of Smart Transportation
EXHIBIT 1: Robust Investments in Smart City ICT Technologies
Provides the Foundation for the Growth of Smart Highways in
Smart City Enablement: Global Market for Smart City
Technologies (Hardware, Software, and Services) In US$
Million for the Years 2017 & 2020
Growing Investments in Infrastructure Development, Especially
Roads & Highways, Drives Demand for a Broad Array of ITS
Technologies
EXHIBIT 2: The Growing Need to Bridge Infrastructure Gap Which
is the Highest for Roadways Promises Robust Opportunity for
Smart Highways: Global Cumulative Investments in Roadways Vs
Actual Need for the Period 2016-2040 (In US$ Billion)
EXHIBIT 3: Continuous Development of World?s Highways to Expand
Market Opportunities for Intelligent Transportation Systems:
(ITS) & Allied Markets: Length of Road Networks (In 000
Kilometers) in Top 15 Countries Worldwide for the Year 2018
Proliferation of Smart Cars & Allied Enabling Technologies
Preps the Smart Highway Market for Growth
EXHIBIT 4: The Unprecedented Rise of Connected Cars as the
Future of Driving Fuels the Viability of Smart Highways:
Global Number of Connected Cars Shipped (In 000 Units) for
the Years 2017, 2019 and 2022
Vehicle Telematics Plays a Huge Role in Advancing the Concept
of Smart Highways & Smart Roads
EXHIBIT 5: Telematics Plays a Huge Role in Automating Highways &
Improving Safety on Roads, Which are the Primary Goals of
Smart Highways: Global Automotive Telematics Market (In US$
Billion) for the Years 2017, 2019 and 2022
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
ALE International (France)
Conduent, Inc. (USA)
Cisco Systems Inc. (USA)
Huawei Technologies Co., Ltd. (China)
IBM Corporation (USA)
Indra Sistemas, S.A. (Spain)
Infineon Technologies AG (Germany)
Kapsch TrafficCom AG (Austria)
LG CNS Corporation (South Korea)
Nokia (Finland)
Siemens Mobility GmbH (Germany)

3. MARKET TRENDS & DRIVERS
Focus on Road User Charging as the Only Sustainable Way to Fund
Road Infrastructure Development Drives Investments in ETC
Systems
Migration from Manual Toll Gates to Electronic Toll Gates Gains
Momentum
EXHIBIT 6: In a World Where Time is Money, the Rising Economic
Cost of Excess Travel/Transit Delays Strengthens the Business
Case for Electronic Tolling to Manage Vehicular Congestion:
Breakdown of Annual Hours of Delay Due to Traffic
Congestions in Select Countries & Cities Worldwide
IoT & Cloud Computing Emerge as Linchpin Holding the Smart
Highway Concept Together
Cloud Computing, the Workhorse of Data Analysis for Smart
Highway Services
Smart Roads Embedded with Sensors Make Road Infrastructure
Monitoring Easy & Cost Effective
Smart Parking Emerges as a Solution to Traffic Woes
Developments in Advanced Intelligent Video Surveillance System
(AIVSS) to Benefit Intelligent Traffic Surveillance
GIS and GPS/GNSS Technology, Vital for Successful Smart Highway
Deployment
Special Focus on Multi-Constellation GNSS
Wireless Communication Technologies Crucial to Market Growth
DSRC (Dedicated Short Range Communications), as a Superior
Technology to RFID Gains in Prominence
Automatic Traffic Control & Congestion Monitoring Systems Grow
for Emissions Reduction
China Emerges over the Horizon, With the World?s Most Ambitious
Smart Highway Plans
China Mobile to Become a Pioneer in Setting up the World?s
First 5G Smart Highway in Wuhan

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Smart Highway by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR

Table 2: World 7-Year Perspective for Smart Highway by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets for Years 2020 & 2027

Table 3: World Current & Future Analysis for Intelligent
Transportation Management by Geographic Region - USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 4: World 7-Year Perspective for Intelligent
Transportation Management by Geographic Region - Percentage
Breakdown of Value Sales for USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World for Years 2020 & 2027

Table 5: World Current & Future Analysis for Intelligent
Traffic Management by Geographic Region - USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 6: World 7-Year Perspective for Intelligent Traffic
Management by Geographic Region - Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World for Years 2020 & 2027

Table 7: World Current & Future Analysis for Communication by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR

Table 8: World 7-Year Perspective for Communication by
Geographic Region - Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027

Table 9: World Current & Future Analysis for Monitoring by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR

Table 10: World 7-Year Perspective for Monitoring by Geographic
Region - Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2020 & 2027

III. MARKET ANALYSIS

UNITED STATES
Table 11: USA Current & Future Analysis for Smart Highway by
Technology - Intelligent Transportation Management, Intelligent
Traffic Management, Communication and Monitoring - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 12: USA 7-Year Perspective for Smart Highway by
Technology - Percentage Breakdown of Value Sales for
Intelligent Transportation Management, Intelligent Traffic
Management, Communication and Monitoring for the Years 2020 &
2027

CANADA
Table 13: Canada Current & Future Analysis for Smart Highway by
Technology - Intelligent Transportation Management, Intelligent
Traffic Management, Communication and Monitoring - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 14: Canada 7-Year Perspective for Smart Highway by
Technology - Percentage Breakdown of Value Sales for
Intelligent Transportation Management, Intelligent Traffic
Management, Communication and Monitoring for the Years 2020 &
2027

JAPAN
Table 15: Japan Current & Future Analysis for Smart Highway by
Technology - Intelligent Transportation Management, Intelligent
Traffic Management, Communication and Monitoring - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 16: Japan 7-Year Perspective for Smart Highway by
Technology - Percentage Breakdown of Value Sales for
Intelligent Transportation Management, Intelligent Traffic
Management, Communication and Monitoring for the Years 2020 &
2027

CHINA
Table 17: China Current & Future Analysis for Smart Highway by
Technology - Intelligent Transportation Management, Intelligent
Traffic Management, Communication and Monitoring - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 18: China 7-Year Perspective for Smart Highway by
Technology - Percentage Breakdown of Value Sales for
Intelligent Transportation Management, Intelligent Traffic
Management, Communication and Monitoring for the Years 2020 &
2027

EUROPE
Table 19: Europe Current & Future Analysis for Smart Highway by
Geographic Region - France, Germany, Italy, UK and Rest of
Europe Markets - Independent Analysis of Annual Sales in US$
Million for Years 2020 through 2027 and % CAGR

Table 20: Europe 7-Year Perspective for Smart Highway by
Geographic Region - Percentage Breakdown of Value Sales for
France, Germany, Italy, UK and Rest of Europe Markets for Years
2020 & 2027

Table 21: Europe Current & Future Analysis for Smart Highway by
Technology - Intelligent Transportation Management, Intelligent
Traffic Management, Communication and Monitoring - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 22: Europe 7-Year Perspective for Smart Highway by
Technology - Percentage Breakdown of Value Sales for
Intelligent Transportation Management, Intelligent Traffic
Management, Communication and Monitoring for the Years 2020 &
2027

FRANCE
Table 23: France Current & Future Analysis for Smart Highway by
Technology - Intelligent Transportation Management, Intelligent
Traffic Management, Communication and Monitoring - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 24: France 7-Year Perspective for Smart Highway by
Technology - Percentage Breakdown of Value Sales for
Intelligent Transportation Management, Intelligent Traffic
Management, Communication and Monitoring for the Years 2020 &
2027

GERMANY
Table 25: Germany Current & Future Analysis for Smart Highway
by Technology - Intelligent Transportation Management,
Intelligent Traffic Management, Communication and Monitoring -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 26: Germany 7-Year Perspective for Smart Highway by
Technology - Percentage Breakdown of Value Sales for
Intelligent Transportation Management, Intelligent Traffic
Management, Communication and Monitoring for the Years 2020 &
2027

ITALY
Table 27: Italy Current & Future Analysis for Smart Highway by
Technology - Intelligent Transportation Management, Intelligent
Traffic Management, Communication and Monitoring - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 28: Italy 7-Year Perspective for Smart Highway by
Technology - Percentage Breakdown of Value Sales for
Intelligent Transportation Management, Intelligent Traffic
Management, Communication and Monitoring for the Years 2020 &
2027

UNITED KINGDOM
Table 29: UK Current & Future Analysis for Smart Highway by
Technology - Intelligent Transportation Management, Intelligent
Traffic Management, Communication and Monitoring - Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 30: UK 7-Year Perspective for Smart Highway by Technology -
Percentage Breakdown of Value Sales for Intelligent
Transportation Management, Intelligent Traffic Management,
Communication and Monitoring for the Years 2020 & 2027

REST OF EUROPE
Table 31: Rest of Europe Current & Future Analysis for Smart
Highway by Technology - Intelligent Transportation Management,
Intelligent Traffic Management, Communication and Monitoring -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 32: Rest of Europe 7-Year Perspective for Smart Highway
by Technology - Percentage Breakdown of Value Sales for
Intelligent Transportation Management, Intelligent Traffic
Management, Communication and Monitoring for the Years 2020 &
2027

ASIA-PACIFIC
Table 33: Asia-Pacific Current & Future Analysis for Smart
Highway by Technology - Intelligent Transportation Management,
Intelligent Traffic Management, Communication and Monitoring -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 34: Asia-Pacific 7-Year Perspective for Smart Highway by
Technology - Percentage Breakdown of Value Sales for
Intelligent Transportation Management, Intelligent Traffic
Management, Communication and Monitoring for the Years 2020 &
2027

REST OF WORLD
Table 35: Rest of World Current & Future Analysis for Smart
Highway by Technology - Intelligent Transportation Management,
Intelligent Traffic Management, Communication and Monitoring -
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 36: Rest of World 7-Year Perspective for Smart Highway by
Technology - Percentage Breakdown of Value Sales for
Intelligent Transportation Management, Intelligent Traffic
Management, Communication and Monitoring for the Years 2020 &
2027

IV. COMPETITION
Total Companies Profiled: 53
Read the full report: https://www.reportlinker.com/p05799647/?utm_source=GNW

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