Smart Highways Market Size, Share, and Growth 2023-2031
Smart Highways Market: Strategic Insights
Smart Highways Market
-
CAGR (2023 - 2031)17.6% -
Market Size 2023
US$ 34.41 Billion -
Market Size 2031
US$ 125.78 Billion
Market Dynamics
GROWTH DRIVERS
- Increasing Demand for Sustainable Highways to Reduce Traffic Congestion Drives Market Growth
FUTURE TRENDS
- Increasing Advanced Technologies Adoption with Mobility Innovations
OPPORTUNITIES
- The increasing government investment towards smart city projects driving the trend in the market.
Key Players
- Conduent
- Inc
- Huawei Technologies Co Ltd
- IBI Group
- Cisco
- Kapsch TrafficCom AG
- Nippon Koei Co Ltd
- Nokia
- Siemens
- TelegraToshiba Infrastructure Systems Solutions Corporation
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Technology
- Smart Transport Management System
- Smart Traffic Management System
- Communication System
- Monitoring System
Component
- Hardware and Software