Global Smart Highway Market: Overview
With the need of safe, congestion free, reliable, less travel time consuming and pollution free roads, companies have come up with new ideas of smart highways. A smart highway is deployed to fill the gap of inconvenience caused to the commuters. A smart highway is achieved by deploying innovative technologies like Electronic Toll Collection (ETC), Variable Message Signs, Lane departure warning System (LDW), Intelligent Transport Systems (ITS) etc. Smart highways usually involves sensors, smart monitoring systems and smart computing technologies all connected to a single monitoring unit. Moreover, smart highways are installed to incorporate technologies like utilizing solar energy, improving the operation of transport vehicle, and for monitoring the condition of the highway/roads. Smart highways also includes photovoltaic pavements which can collect solar energy and can light up the parking lots, foot paths, driveaways and side lanes of the highway. Smart highway also includes vehicle charging facilities for the solar and battery operated vehicles. Furthermore, smart highways provide frost melting and snow melting facilities to melt extra snow and frost from roads in colder regions.
Global Smart Highway Market: Segmentation
Global smart highway market can be segmented on the basis of technology, service, display, deployment and region. On the basis of technology, the global smart highway system can be segmented into intelligent transport management system, intelligent traffic management system, intelligent communication system and intelligent monitoring system. Intelligent transport management system further includes lane departure warning system, incident detection system, radio frequency identification and automatic number plate recognition system. Intelligent traffic management system includes electronic toll collection system, real time traffic management and global navigation satellite system. Communication system can be further sub-segmented into radio network and data network and monitoring system can be further sub-segmented into traffic measurement, video surveillance and weather management. On account of service, the global smart highway market can be segmented into maintenance and operation services, consultancy services and managed services. Considering deployment, the global smart highway market can be segmented into on-cloud and on-premise. By displays, the global smart highway market can be segmented into digital signage, variable signage and others. On the basis of region, the global smart highway market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East and Africa and Japan.
Get Sample Copy of this report at https://www.persistencemarketresearch.com/samples/11293?source=atm
Global Smart Highway Market: Drivers
Need of better and sustainable roads and highways is a key element driving the growth of the global smart highway market. Demand for safer and securely guarded roads is another prime factor boosting the growth of the global smart highway market. Reduction in traffic congestion, government initiatives in deployment of smart roads/highways, dramatic technological changes and increasing demand of business travel, leisure travel and employment needs are some other crucial aspects fuelling the growth of the overall global smart highway market.
Global Smart Highway Market: Restraints
Inaccurate driver’s information and inappropriate traffic flow due to poor highway communication infrastructure are some of the vital challenges faced by the global smart highway market. Moreover, lack of technical knowledge among drivers, and lack of training about the smart highway rules, regulations and technologies are some other factors hindering the growth of the global smart highway market. Lack of governmental funding for the development of smart highways is another paramount factor pulling down the growth of the global smart highway market.
Global Smart Highway Market: Key Players
Some of the key players involved in the manufacturing, deployment and production of smart highway systems are Alcatel Lucent, LG CNS, Kapsch AG, Siemens AG, Indra infrastructures, Cisco, Schneider Electric, IBm, TrafficCom, Huawei, Xerox Corporation and others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report covers exhaustive analysis on: Market Segments Market Dynamics Market Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies involved
Regional analysis includes North America (U.S., Canada) Latin America (Mexico. Brazil) Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg) Eastern Europe (Poland, Russia) Asia Pacific (China, India, ASEAN, Australia & New Zealand) Japan Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights: Detailed overview of parent market Changing market dynamics in the industry In-depth market segmentation Historical, current and projected market size in terms of volume and value Recent industry trends and developments Competitive landscape Strategies of key players and products offered Potential and niche segments, geographical regions exhibiting promising growth A neutral perspective on market performance Must-have information for market players to sustain and enhance their market footprint
Request to view TOC at https://www.persistencemarketresearch.com/toc/11293?source=atm
This post was originally published on Space Market Research