This “Smart Highway Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Smart Highway market can use for expanding their business in untapped market to increase their customer base.
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Smart Highway Market Covers Manufacturers:
Scope of the Report:
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Key Market Trends:
Smart Transportation Management System Offers Potential Opportunities
– The smart transportation management systems include advanced traffic management and congestion monitoring and management systems, with the integration of traffic control centers, access control and route guidance systems that offer a range of benefits.
– According to the ITS (Intelligent Transportation Systems), the development strategy of the Department of Transport in the Republic of Korea contributes to the decreasing fuel consumption and greenhouse gas emissions by reducing traffic congestion and preventing motor vehicles from idling.
– Owing to similar concerns, the US Department of Energy and Transportation initiated a collaboration to accelerate the R&D of innovative smart transportation solutions and alternative fuel technologies.
– Moreover, in India, with the emergence of electronic toll control, smart transport systems are expected to gain traction in the forecast period. The country has an investment worth INR 50 trillion (USD 777.73 billion) in the infrastructure sector related to smart cities, the smart highway that would have sustainable development in the country.
North America to Account for a Major Share
– North America is a global technological leader. Coupled with this strength, the increased spending on construction and road infrastructure will offer more opportunities to the region to expand. Also, the public construction spending on the highway and street projects in the United States is very high, with USD 92.5 billion in 2018, according to the US Department of Transportation.
– Moreover, investments in connected highway technology in the region will also significantly contribute to the growth of the market in the future. The Ray, which is an 18 mile stretch of interstate in the state of Georgia is a connected highway that offers an interesting model for transport planners and policymakers across the United States.
– The road has photovoltaic panels rising above a rest stop, part of a sustainable electric vehicle charging station. The addition of solar panels, sustainable landscaping, and Internet of Things (IoT) will make this a smart and sustainable technology in the future. Combining all these aspects, North America is expected to hold a significant share in the market.
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Target Audience of Smart Highway Market:
- Manufacturer / Potential Investors
- Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
- Association and government bodies.
Key Reasons to Smart Highway Market Report:
- Analyzing various perspectives of the Smart Highway market with the help of Porter’s five forces analysis
- The End User that is expected to dominate the Smart Highway market is analyzed in detail
- The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Smart Highway market.
- Identify the latest developments, market shares and strategies employed by the major market players.
- Regional analysis of Smart Highway market studied, during the forecast period
- The segments that are expected to dominate the Smart Highway market studied.
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