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Smart Highway Market: Global Industry Analysis and Forecast 2016 - 2026<br />
Persistence Market Research<br />
Smart Highway Market: Global Industry<br />
Analysis and Forecast 2016 - 2026<br />
Persistence Market Research 1
Smart Highway Market: Global Industry Analysis and Forecast 2016 - 2026<br />
Persistence Market Research Released New Market Report on “Smart Highway Market:<br />
Global Industry Analysis and Forecast 2016 - 2026”.<br />
Global Smart Highway Market: Overview<br />
With the need of safe, congestion free, reliable, less travel time consuming and pollution free<br />
roads, companies have come up with new ideas of <strong>smart</strong> <strong>highway</strong>s. A <strong>smart</strong> <strong>highway</strong> is<br />
deployed to fill the gap of inconvenience caused to the commuters. A <strong>smart</strong> <strong>highway</strong> is achieved<br />
by deploying innovative technologies like Electronic Toll Collection (ETC), Variable Message<br />
Signs, Lane departure warning System (LDW), Intelligent Transport Systems (ITS) etc. Smart<br />
<strong>highway</strong>s usually involves sensors, <strong>smart</strong> monitoring systems and <strong>smart</strong> computing<br />
technologies all connected to a single monitoring unit. Moreover, <strong>smart</strong> <strong>highway</strong>s are installed to<br />
incorporate technologies like utilizing solar energy, improving the operation of transport vehicle,<br />
and for monitoring the condition of the <strong>highway</strong>/roads. Smart <strong>highway</strong>s also includes<br />
photovoltaic pavements which can collect solar energy and can light up the parking lots, foot<br />
paths, driveaways and side lanes of the <strong>highway</strong>. Smart <strong>highway</strong> also includes vehicle charging<br />
facilities for the solar and battery operated vehicles. Furthermore, <strong>smart</strong> <strong>highway</strong>s provide frost<br />
melting and snow melting facilities to melt extra snow and frost from roads in colder regions.<br />
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Global Smart Highway Market: Segmentation<br />
Global <strong>smart</strong> <strong>highway</strong> <strong>market</strong> can be segmented on the basis of technology, service, display,<br />
deployment and region. On the basis of technology, the global <strong>smart</strong> <strong>highway</strong> system can be<br />
segmented into intelligent transport management system, intelligent traffic management system,<br />
intelligent communication system and intelligent monitoring system. Intelligent transport<br />
management system further includes lane departure warning system, incident detection system,<br />
Persistence Market Research 2
Smart Highway Market: Global Industry Analysis and Forecast 2016 - 2026<br />
radio frequency identification and automatic number plate recognition system. Intelligent traffic<br />
management system includes electronic toll collection system, real time traffic management and<br />
global navigation satellite system. Communication system can be further sub-segmented into<br />
radio network and data network and monitoring system can be further sub-segmented into traffic<br />
measurement, video surveillance and weather management. On account of service, the global<br />
<strong>smart</strong> <strong>highway</strong> <strong>market</strong> can be segmented into maintenance and operation services, consultancy<br />
services and managed services. Considering deployment, the global <strong>smart</strong> <strong>highway</strong> <strong>market</strong> can<br />
be segmented into on-cloud and on-premise. By displays, the global <strong>smart</strong> <strong>highway</strong> <strong>market</strong> can<br />
be segmented into digital signage, variable signage and others. On the basis of region, the<br />
global <strong>smart</strong> <strong>highway</strong> <strong>market</strong> can be segmented into North America, Latin America, Western<br />
Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East and Africa and Japan.<br />
Global Smart Highway Market: Drivers<br />
Need of better and sustainable roads and <strong>highway</strong>s is a key element driving the growth of the<br />
global <strong>smart</strong> <strong>highway</strong> <strong>market</strong>. Demand for safer and securely guarded roads is another prime<br />
factor boosting the growth of the global <strong>smart</strong> <strong>highway</strong> <strong>market</strong>. Reduction in traffic congestion,<br />
government initiatives in deployment of <strong>smart</strong> roads/<strong>highway</strong>s, dramatic technological changes<br />
and increasing demand of business travel, leisure travel and employment needs are some other<br />
crucial aspects fuelling the growth of the overall global <strong>smart</strong> <strong>highway</strong> <strong>market</strong>.<br />
Global Smart Highway Market: Restraints<br />
Inaccurate driver’s information and inappropriate traffic flow due to poor <strong>highway</strong> communication<br />
infrastructure are some of the vital challenges faced by the global <strong>smart</strong> <strong>highway</strong> <strong>market</strong>.<br />
Moreover, lack of technical knowledge among drivers, and lack of training about the <strong>smart</strong><br />
<strong>highway</strong> rules, regulations and technologies are some other factors hindering the growth of the<br />
global <strong>smart</strong> <strong>highway</strong> <strong>market</strong>. Lack of governmental funding for the development of <strong>smart</strong><br />
<strong>highway</strong>s is another paramount factor pulling down the growth of the global <strong>smart</strong> <strong>highway</strong><br />
<strong>market</strong>.<br />
Persistence Market Research 3
Smart Highway Market: Global Industry Analysis and Forecast 2016 - 2026<br />
Global Smart Highway Market: Key Players<br />
Some of the key players involved in the manufacturing, deployment and production of <strong>smart</strong><br />
<strong>highway</strong> systems are Alcatel Lucent, LG CNS, Kapsch AG, Siemens AG, Indra infrastructures,<br />
Cisco, Schneider Electric, IBm, TrafficCom, Huawei, Xerox Corporation and others.<br />
The research report presents a comprehensive assessment of the <strong>market</strong> and contains<br />
thoughtful insights, facts, historical data, and statistically supported and industry-validated<br />
<strong>market</strong> data. It also contains projections using a suitable set of assumptions and methodologies.<br />
The research report provides analysis and information according to categories such as <strong>market</strong><br />
segments, geographies, types, technology and applications.<br />
The report covers exhaustive analysis on:<br />
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Market Segments<br />
Market Dynamics<br />
Market Size<br />
Supply & Demand<br />
Current Trends/Issues/Challenges<br />
Competition & Companies involved<br />
Regional analysis includes<br />
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North America (U.S., Canada)<br />
Latin America (Mexico. Brazil)<br />
Persistence Market Research 4
Smart Highway Market: Global Industry Analysis and Forecast 2016 - 2026<br />
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Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium,<br />
Netherlands, Luxembourg)<br />
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Eastern Europe (Poland, Russia)<br />
Asia Pacific (China, India, ASEAN, Australia & New Zealand)<br />
Japan<br />
Middle East and Africa (GCC, S. Africa, N. Africa)<br />
The report is a compilation of first-hand information, qualitative and quantitative assessment by<br />
industry analysts, inputs from industry experts and industry participants across the value chain.<br />
The report provides in-depth analysis of parent <strong>market</strong> trends, macro-economic indicators and<br />
governing factors along with <strong>market</strong> attractiveness as per segments. The report also maps the<br />
qualitative impact of various <strong>market</strong> factors on <strong>market</strong> segments and geographies.<br />
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Report Highlights:<br />
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Detailed overview of parent <strong>market</strong><br />
Changing <strong>market</strong> dynamics in the industry<br />
In-depth <strong>market</strong> segmentation<br />
Historical, current and projected <strong>market</strong> size in terms of volume and value<br />
Recent industry trends and developments<br />
Competitive landscape<br />
Strategies of key players and products offered<br />
Potential and niche segments, geographical regions exhibiting promising growth<br />
Persistence Market Research 5
Smart Highway Market: Global Industry Analysis and Forecast 2016 - 2026<br />
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A neutral perspective on <strong>market</strong> performance<br />
Must-have information for <strong>market</strong> players to sustain and enhance their <strong>market</strong> footprint<br />
Key points covered in the report<br />
1) Report segments the <strong>market</strong> on the basis of types, application, products, technology, etc (as<br />
applicable)<br />
2) The report covers geographic segmentation<br />
North America<br />
Europe<br />
Asia<br />
RoW<br />
3) The report provides the <strong>market</strong> size and forecast for the different segments and geographies<br />
for the period of 2010 to 2020<br />
4) The report provides company profiles of some of the leading companies operating in the<br />
<strong>market</strong><br />
5) The report also provides porters five forces analysis of the <strong>market</strong>.<br />
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Smart Highway Market: Global Industry Analysis and Forecast 2016 - 2026<br />
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