Smart Highway

World Market Report

MCP14814

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DATE

FEB 2022

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396

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MCP14814


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Global Smart Highway Market to Reach $75.3 Billion by 2026

Governments worldwide are focusing on building infrastructure which is key to economic growth and societal evolution. While governments in developed countries are investing predominantly for infrastructure replacement and upgrades, in developing countries investments are directed towards the creation of new infrastructure. The new budgetary focus on infrastructure comes at a time when infrastructure around the world is collapsing as a result of chronic underfunding of critical infrastructure. A key driver of optimism for bigger transportation development budgets in the coming years, is the infrastructure gap in global roadways to the tune of US$8 trillion for the cumulative period 2016-2040, which remains the highest as compared to US$2 trillion for rail, US$3 trillion for energy, US$1 trillion for water & US$2 trillion for telecom. Against this backdrop, world`s highways will rapidly evolve and develop supported by committed government support and initiatives aimed at connecting cities and countries for better economic growth and gains. The importance attached to transportation infrastructure development can be put into perspective by the fact that over 25% to 30% of World Bank funding support to developing countries is purposed for transportation infrastructure projects, higher than health, education and social services.

Governments across the world are investing in transportation infrastructure for a multitude of reasons which include well developed transportation infrastructure enables trade and reduces the cost of trading goods; enhances the volume of goods transported; enables expansion of retail trade; enables more equitable development of cities across the country; promotes imports and exports of goods; and increased productivity and economic growth. Governments are therefore building new roads and upgrading and modernizing existing roads within their countries to support urbanization; encourage upward mobility of the population; enhance access to employment, social, health and education services. A land of growth and diversity is a land where people and automobiles are allowed to traverse a diverse range of lands so that they can reach their destination without any hindrance. Well-connected cities, towns and villages within a country is the most basic prerequisite for economic growth.

Amid the COVID-19 crisis, the global market for Smart Highway estimated at US$41.9 Billion in the year 2022, is projected to reach a revised size of US$75.3 Billion by 2026, registering a compounded annual growth rate (CAGR) of 15.9% over the analysis period. The United States represents the largest regional market for Smart Highway, and is projected to reach US$32 Billion by 2026, growing at a CAGR of 17.5% over the analysis period.

The advent of smart roads that rely on successful communication and interaction between the vehicles and smart infrastructure is expected to shape the safe mobility in the coming years. Smart road infrastructure employing Internet of Things (IoT), Intelligent Transport System (ITS), cloud computing and sensor based road side units with capabilities to provide wireless access to automobiles plying on the roads, and gathering and distributing relevant real-time information would play a pivotal role in passenger safety. Smart roads provide real-time information to the vehicle drivers regarding the traffic conditions, icy surfaces, landslides, presence of human beings and wildlife, traffic congestion and parking availability, and ensure optimal routing as well as traffic efficiency. The use of sensors such as temperature sensors, accelerometers, anemometers, strain gauges, weigh-in-motion devices in the smart road applications also plays a crucial role in monitoring the transport infrastructures such as bridges, tunnels or viaducts as damages caused to the infrastructure due to natural disasters, corrosion or poor maintenance can prove fatal.

Wireless sensors are utilized to detect and monitor road surfaces for any irregularities such as potholes in a road, and remote sensors to measure humidity, temperature, and various other similar parameters. Temperature sensors are also buried under the road surface to monitor and collect real-time information about the presence and appearance of ice plates. Additionally, several other real-time applications employing wireless sensors are being developed to effectively monitor water levels on viaducts, and preparing noise maps to monitor roads for traffic congestion. Smart pavements with smart slabs are also developed to significantly improve safety of motorists. These smart slabs interact with motorists` cellphones to offer real-time alerts related to road hazards and traffic.

SELECT PLAYERS

Alcatel-Lucent SA; Cisco Systems, Inc.; Huawei Technologies Co., Ltd.; Indra Philippines; Kapsch AG; LG CNS; Schneider Electric SA; Siemens AG; Xerox Corporation

SEGMENTS

» Technology (Intelligent Transportation Management, Intelligent Traffic Management, Communication, Monitoring)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Rise in Smart City Initiatives, the Cornerstone for the Growth of Smart Transportation
Table: Robust Investments in Smart City ICT Technologies Provides the Foundation for the Growth of Smart Highways in Smart City Enablement: Global Market for Smart City Technologies (Hardware, Software, and Services) In US$ Million for the Years 2017 & 2020
Growing Investments in Infrastructure Development, Especially Roads & Highways, Drives Demand for a Broad Array of ITS Technologies
Table: The Growing Need to Bridge Infrastructure Gap Which is the Highest for Roadways Promises Robust Opportunity for Smart Highways: Global Cumulative Investments in Roadways Vs Actual Need for the Period 2016-2040 (In US$ Billion)
Table: Continuous Development of World’s Highways to Expand Market Opportunities for Intelligent Transportation Systems (ITS) & Allied Markets: Length of Road Networks (In 000 Kilometers) in Top 15 Countries Worldwide for the Year 2018
Proliferation of Smart Cars & Allied Enabling Technologies Preps the Smart Highway Market for Growth
Table: The Unprecedented Rise of Connected Cars as the Future of Driving Fuels the Viability of Smart Highways: Global Number of Connected Cars Shipped (In 000 Units) for the Years 2017, 2019 and 2022
Vehicle Telematics Plays a Huge Role in Advancing the Concept of Smart Highways & Smart Roads
Table: Telematics Plays a Huge Role in Automating Highways & Improving Safety on Roads, Which are the Primary Goals of Smart Highways: Global Automotive Telematics Market (In US$ Billion) for the Years 2017, 2019 and 2022
Smart Highway – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
ALE International (France)
Conduent, Inc. (USA)
Cisco Systems Inc. (USA)
Huawei Technologies Co., Ltd. (China)
IBM Corporation (USA)
Indra Sistemas, S.A. (Spain)
Infineon Technologies AG (Germany)
Kapsch TrafficCom AG (Austria)
LG CNS Corporation (South Korea)
Nokia (Finland)
Siemens Mobility GmbH (Germany)
3. MARKET TRENDS & DRIVERS
Focus on Road User Charging as the Only Sustainable Way to Fund Road Infrastructure Development Drives Investments in ETC Systems
Migration from Manual Toll Gates to Electronic Toll Gates Gains Momentum
Table: In a World Where Time is Money, the Rising Economic Cost of Excess Travel/Transit Delays Strengthens the Business Case for Electronic Tolling to Manage Vehicular Congestion: Breakdown of Annual Hours of Delay Due to Traffic Congestions in Select Countries & Cities Worldwide
IoT & Cloud Computing Emerge as Linchpin Holding the Smart Highway Concept Together
Cloud Computing, the Workhorse of Data Analysis for Smart Highway Services
Smart Roads Embedded with Sensors Make Road Infrastructure Monitoring Easy & Cost Effective
Smart Parking Emerges as a Solution to Traffic Woes
Developments in Advanced Intelligent Video Surveillance System (AIVSS) to Benefit Intelligent Traffic Surveillance
GIS and GPS/GNSS Technology, Vital for Successful Smart Highway Deployment
Special Focus on Multi-Constellation GNSS
Wireless Communication Technologies Crucial to Market Growth
DSRC (Dedicated Short Range Communications), as a Superior Technology to RFID Gains in Prominence
Automatic Traffic Control & Congestion Monitoring Systems Grow for Emissions Reduction
China Emerges over the Horizon, With the World’s Most Ambitious Smart Highway Plans
China Mobile to Become a Pioneer in Setting up the World’s First 5G Smart Highway in Wuhan
4. GLOBAL MARKET PERSPECTIVE
World Recent Past, Current & Future Analysis for Smart Highway by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Smart Highway by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Intelligent Transportation Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Intelligent Transportation Management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Intelligent Traffic Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Intelligent Traffic Management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Communication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Communication by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Monitoring by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
UNITED STATES
Smart Highway Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
USA Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2021 & 2027
CANADA
Canada Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2021 & 2027
JAPAN
Smart Highway Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Japan Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2021 & 2027
CHINA
Smart Highway Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
China Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2021 & 2027
EUROPE
Smart Highway Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Europe Recent Past, Current & Future Analysis for Smart Highway by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Smart Highway by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2021 & 2027
FRANCE
Smart Highway Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
France Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2021 & 2027
GERMANY
Smart Highway Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
Germany Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2021 & 2027
ITALY
Italy Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2021 & 2027
UNITED KINGDOM
Smart Highway Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
UK Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2021 & 2027
REST OF EUROPE
Rest of Europe Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2021 & 2027
ASIA-PACIFIC
Smart Highway Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Asia-Pacific Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2021 & 2027
REST OF WORLD
Rest of World Recent Past, Current & Future Analysis for Smart Highway by Technology - Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Smart Highway by Technology - Percentage Breakdown of Value Sales for Intelligent Transportation Management, Intelligent Traffic Management, Communication and Monitoring for the Years 2021 & 2027
Total Companies Profiled: 53

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