According to the new market research report “Smart Highway Market by Technology (Intelligent Transportation Management, Intelligent Traffic Management, Communication, Monitoring), and by Display (Variable Message Signs, Digital Signage) - Global Forecast to 2019” segments the global market into various sub-segments with in-depth analysis and forecasting of revenues. It also identifies the drivers and restraints for this market with insights into trends, opportunities, and challenges.
[123 Pages Report] The global smart highway market is estimated to grow from $12,564.4million in 2014 to $27,992.0million in 2019, at a Compound Annual Growth Rate (CAGR) of 17.4% during the forecast period.
This research report categorizes the global Smart Highway Market to forecast the revenues and analyze the trends in each of the following submarkets.
Market by technology:
• Intelligent Transportation Management System
1. Lane Departure Warning System (LDW)
2. Automatic Number Plate Recognition (ANPR)
3. Incident Detection System
4. Radio Frequency Identification (RFID)
• Intelligent Traffic Management System
1. Electronic Toll collection System
2. Global navigation Satellite System (GNSS)/Global Positioning System (GPS)
3. Real-Time Traffic Management
• Communication System
1. Radio Network
2. Emergency Network
3. Data Network
• Monitoring System
1. Traffic Measurement
2. Weather Management
3. Video Surveillance
Market by displays:
1. Variable Message Signs
2. Digital Signage
Market by service:
1. Consultancy Service
2. Maintenance and Operation Service
3. Managed Service
Market by deployments:
Market by regions:
1. North America
3. Asia-Pacific (APAC)
4. Middle East and Africa (MEA)
5. Latin America (LA)
The constant improvements in the computer technologies and systems have changed the quality of travel and transportation. The technologies are ranging from advance vehicle systems to the intelligent traffic management systems.
Browse and in-depth TOC on “Smart Highway Market”
75 - Tables
43 - Figures
123 - Pages
Ask for PDF Brochure: Smart Highway Market
The increased need for more reliable, safe, and efficient transportation and growth of interstate highways market are playing a major role in shaping the future of smart highways market. As the need for safe, traffic free, and less travel time is increasing organizations are introducing new technologies at an affordable cost. Because of these requirements the transportation and traffic technology vendors companies is witnessing dramatic technological changes, and highways is one of the attractive segment among them. The introduction of Electronic Toll Collection (ETC) has permitted easy payments and has eliminated the idle time at toll. The successful deployment of highway technology, solutions and its increasing adoption has forced the companies to expand into new geographies. This has made smart highways an attractive high growth segment for enterprises.
MarketsandMarkets has segmented the global smart highways market by technology: intelligent transport management system, intelligent traffic management system, communication system and monitoring system; and services: consultancy, managed services, and maintenance and operation services; by display:variable message signs, digital signage, and others; by deployments: on-premise and on-cloud;and by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA). The biggest player of this market who contributes to the major share includeAlcatel Lucent, IBM, Schneider Electric, Huawei, Cisco, Siemens AG, Indra, Kapsch AG, LG CNS and Xerox Corporation.
The major forces driving this market are need for more reliable, safe, and congestion freeis driving the growth in smart highways market. The prime opportunity which is expected to boost this market is adoption of Intelligent Transport System (ITS) and developing infrastructure.
MarketsandMarkets expects that the global smart highways market is estimated to be $12,564.4million in 2014 and is expected to grow to $27,992.0 million in 2019. This represents an estimated Compound Annual Growth Rate (CAGR) of 17.4% from 2014 to 2019. In the current scenario, APAC is expected to be the biggest market on the basis of need for advance transportation and execution of smart cities projects. MarketsandMarkets further expects that the increasing demand for safety, congestion free, and less travel time consumption is driving the growth of the market.
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