Cisco Systems, Inc; Huawei Technologies Co., Ltd; Nokia Corporation; Siemens AG; and Toshiba Corporation, are some of the key market players operating in the global smart highway market. The listing of key players is derived by considering multiple factors such as overall revenue, current smart highway portfolio, geographical reach, new product launches, market initiatives, and investment in technology up gradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the smart highway market which were analyzed during the course of this market research study, such as, Kapsch TrafficCom AG; Telegra; Conduent, Inc.; Nippon Koei Co., Ltd.; and IBI Group, among others.
Cisco Systems, Inc; Huawei Technologies Co., Ltd; Nokia Corporation; Siemens AG; Toshiba Corporation; – PROMINENT MARKET PARTICIPANTS IN SMART HIGHWAY MARKET
The smart highway market is analyzed on the basis of technology and component. Based on the technology, the market is segmented into smart transport management system, smart traffic management system, communication system, monitoring system, and others. Based on the component, the market is categorized into hardware and software. In terms of geography, the smart highway market is primarily segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Various developing and developed economies across the world have initiated multiple programs in designing and implementing smart cities. For instance, China has over 300 smart city projects in the pipeline with prominent involvement by crucial industries and government offices. Similarly, India allocates trillions in its budget every year to facilitate the building of over 100 smart cities. The purpose of implementing transportation, digitally enabled with info-communication technologies, is to solve the current problems of traffic jams, accidents, pollution, fuel cost, fuel scarcity, and high insurance costs. Smart transportation infrastructure, along with smart highways, includes smart roads, smart streetlights, smart or autonomous vehicles, and smart traffic signs..
Most of the market initiatives were observed in North America, APAC and Europe regions, which has a high potential for smart highway providers. Few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Country |
| 2021 | City of Vienna and Kapsch TrafficCom collectively launched the climate-friendly mobility of the future with Traffic Management 2.0. This initiative can help UK achieve its net zero target by 2050 and expand the geographical presence of Kapsch. | Europe |
| 2021 | Nokia signed a reseller agreement with ClearWorld, an alternative energy systems provider, to offer ClearWorld’s smart poles to U.S. cities and military bases as a part of Nokia’s smart city solutions portfolio. The deployment of Nokia Technologies, like 5G and 4G radios, on poles can enhance citywide connectivity options. This agreement enables Nokia to be a comprehensive solution provider of smart urban infrastructure solutions for Smart Cities. | North America |
