Smart Highway Market Scope And Analysis

Report Code : TIPRE00005250
Category : Automotive and Transportation

No. of Pages : 150

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Smart Highways Market Scope, Growth, Size and Share by 2031

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Smart Highways Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 34.41 Billion
Market Size by 2031	US$ 125.78 Billion
Global CAGR (2023 - 2031)	17.6%
Historical Data	2021-2022
Forecast period	2023-2031
Segments Covered	By Technology Smart Transport Management System Smart Traffic Management System Communication System Monitoring System By Component Hardware and Software
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Conduent Inc Huawei Technologies Co Ltd IBI Group Cisco Kapsch TrafficCom AG Nippon Koei Co Ltd Nokia Siemens TelegraToshiba Infrastructure Systems Solutions Corporation

Smart Highways Market News and Recent Developments

The smart highways market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Smart Highways Market are listed below:

Two roads were developed under the smart city project in India, with the capital opened to the public. The smart highways built from Althara to Chenthitta via Vazhuthacaud and Thycaud will be completed by the end of April 2024. The Killipalam-Attakulangara Road was completed by the second week of May 2024. (Source: Times of India-Newsletter, March 2024)
Iteris, Inc., the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that Carson City, Nevada, US, has chosen to upgrade the city’s intersection detection sensors to Iteris’ Vantage Apex hybrid sensors. Vantage Apex is the industry’s first 1080p high-definition (HD) video and four-dimensional (4D) radar sensor with integrated artificial intelligence (AI) algorithms. It delivers state-of-the-art detection, tracking, and classification accuracy of vehicles, pedestrians, and cyclists, as well as HD video display for traffic management center monitoring. (Source: Press Release, April 2024)

Smart Highways Market Report Coverage and Deliverables

The “Smart Highways Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Smart highways market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Smart highways market trends as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST and SWOT analysis
Smart highways market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the smart highways market
Detailed company profiles