Smart Highway

Global Market Trajectory & Analytics

MCP14814

EXECUTIVE ENGAGEMENTS

OUTREACH

24228
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

2181
Interactions with Platform & by Email

PARTICIPANTS

483
Unique # Participated

VALIDATIONS

217
Responses Validated*

COMPETITORS

53
Responses Validated*
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DATE

APR 2021

TABLES

36

PAGES

396

EDITION

6

PRICE

USD $4950


  

HIGHLIGHTS

The global market for Smart Highway is projected to reach US$62.6 billion by 2025, driven by growing interest in smart cities as the only sustainable way to accommodate 7+ billion people on earth and the ensuing increase in smart transportation and intelligent transportation systems (ITS). Smart highways are an integral part of smart transportation which encompasses car sharing; congestion management; emergency response; integrated traffic light management; public information systems; road user charging; smart parking; and traffic monitoring and management. The need for smart transportation is growing more urgent than ever with global cities plagued by increasing congestion on roads and rise in vehicular emissions. Governments worldwide are focusing on building infrastructure which is key to economic growth and societal evolution. 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. Benefits offered by smart highway which makes it a vital accompaniment for transportation infrastructure development include more efficient operation of highways; safer travel and reduced risk of accidents; reduced congestion, faster driving that lowers vehicular emissions; provision of smart services for travelers and transport fleets; more efficient traffic management; among others. Few of the enabling technologies for smart highways include wireless communication technologies; Internet of Things (IoT); artificial intelligence; telematics; and smart/connected cars. Growing number of smart cars especially is a trend that bodes well for smart highway technologies, primarily because situational awareness and context aware smart and connected cars are a primary requirement for intelligent transportation system.

Smart cars help exchange information with other vehicles, traffic-management centers, and private companies about traffic congestion, accidents, and weather conditions. Improved driver and road safety is the very important and primary goal of intelligent transportation systems and smart highways. In this regard, continuous information about the driver, driving conditions and road conditions needs to be exchanged between the driver, the vehicle, road infrastructure and the centralized traffic management system. A smart car integrated with sensors is capable of doing just this. The impact of connected cars will be felt in the three broad areas of In-Vehicle Communication, Vehicle-to-Vehicle Communication, and Vehicle-to-Infrastructure Communication. Connectivity, in this regard, will be deployed through Infotainment, Navigation and Telematics. The United States, Europe and Japan represent large markets worldwide with a combined share of 83.9% of the global market. The United States also ranks as the fastest growing market with a CAGR of 15.8% over the analysis period supported by the desperate need to rebuild America`s crumbling infrastructure, which will trip the country into an era of repair and modernization.

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
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 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 2020 & 2027
World 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 2020 & 2027
World 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 2020 & 2027
World 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 2020 & 2027
World 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 2020 & 2027
UNITED STATES
USA 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 2020 & 2027
CANADA
Canada 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 2020 & 2027
JAPAN
Japan 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 2020 & 2027
CHINA
China 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 2020 & 2027
EUROPE
Europe 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 2020 & 2027
Europe 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 2020 & 2027
FRANCE
France 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 2020 & 2027
GERMANY
Germany 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 2020 & 2027
ITALY
Italy 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 2020 & 2027
UNITED KINGDOM
UK 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 2020 & 2027
REST OF EUROPE
Rest of Europe 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 2020 & 2027
ASIA-PACIFIC
Asia-Pacific 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 2020 & 2027
REST OF WORLD
Rest of World 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 2020 & 2027
Total Companies Profiled: 53

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