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Allied Market Research

Smart Highway Market by Component (Hardware, Software, and Services), Deployment Model (On-Premise and Cloud), Technology (Intelligent Transportation Management System, Intelligent Management System, Communication System, Monitoring System, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026

A00621
Pages: 294
Feb 2020 | 3894 Views
 
Author(s) : Pramod Borasi , Vineet Kumar
Tables: 137
Charts: 84
 

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Smart Highway Market Statistics: 2026

The global smart highway market size was valued at $23.67 billion in 2018, and is projected to reach $92.38 billion by 2026, growing at a CAGR of 18.7% from 2019 to 2026. Smart road is referred to as a different way in which technologies are incorporated into roads for improving the connection between two or more autonomous vehicles running on the same track and to monitor the road more closely. Numerous benefits of smart roads include improving mass transit systems, reducing driving time, reducing accidents on the roads, and improving traveler safety and the desire for travel. The main purpose of smart roads is to reduce the travelers’ time and lower pollution level on the highways.

Increase in the number of vehicles on the road and surge in road traffic injuries drive the growth of the market. In addition, increase in international trade among the emerging countries across the globe fuels the smart highway market growth. However, high initial and maintenance cost and lack of appropriate technical knowledge among the end users hamper the growth of the market. Furthermore, rise in advance technologies in the transportation sector and emergence of smart vehicles are expected to provide lucrative opportunities for the growth of the global market.

Smart Highway Market

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The intelligent transportation system segment is expected to garner significant share during the forecast period. Numerous benefits such as improving the traffic safety, reducing the infrastructure damage, controlling the traffic and gathering traffic data, provided by this system drive the growth of the smart highway market in this segment. However, the monitoring system sector is expected to grow at a highest rate during the forecast period, owing to rapid adoption of this system by various government across the globe for reducing the accidents on roads and helps in prevention of vehicle theft. Thus, driving the growth of the market in this segment.  

Smart Highway Market
By Component

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Hadware is projected as one of the most lucrative segments.

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The report focuses on the growth prospects, restraints, and trends of the smart highway market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the smart highway market.

Smart Highway Market
By Deployment Mode

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On-premise is projected as one of the most lucrative segments.

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Segment review

The global smart highway market is segmented on the basis of component, deployment model, technology, and region. In terms of component, it is bifurcated into hardware, software and services. By deployment model, the software market is segmented into on-premise and cloud. As per technology, it is segmented into intelligent transportation management system, intelligent management system, communication system, monitoring system, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the smart highway market analysis are ABB Ltd, ALE International, AT&T Inc., Cisco System Inc., IBM Corporation, Huawei Technologies Co. Ltd., LG CSN, Honeywell International Inc., Schneider Electric SE and Siemens AG. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Smart Highway Market
By Technology

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Intelligent Transportation System is projected as one of the most lucrative segments.

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Top impacting factors

Rise in the number of vehicles among emerging countries

There is an increase in the number of vehicles being sold every year. The unsatisfactory infrastructure for transportation in many countries is the primary factor for the rise in vehicle sales. Also, there is an increase in disposable income of the people with globalization and urbanization. According to International Organization of Motor Vehicle Manufacturers, about 95 million of vehicles were sold in 2018 as that of 75 million were sold in 2010. However, this increase in the number of vehicles is causing heavy traffic, especially in urban areas. Consequently, there is a rise in demand for smart highways and roads that monitor traffic congestion on every road and diverts the traffic accordingly to have a faster and smoother travel.

Increase in road traffic injuries

According World Health Organization (WHO), 1.35 million people approximately die each year from road traffic crashes. And about 20 – 50 million people suffer non-fatal injuries, with many incurring a disability. As a result, there is an urgency to reduce the number of road traffic injuries and smart highways is considered as one of the best solutions to this problem. The various components of smart highways such as traffic management systems, smart lighting systems, and speed monitoring systems are developed to reduce road traffic injuries. Hence, increase in road traffic injuries fuels the growth of the smart highway market. The 2030 Agenda for Sustainable Development set by the United Nations has an ambitious target of halving the global number of road traffic injuries by 2020.

Smart Highway Market
By Region

2026
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit the highest CAGR of 21.30% during 2019-2026.

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Key Benefits for Stakeholders:

  • The study provides an in-depth analysis of the global smart highway market forecast along with the current & future trends to elucidate the imminent investment pockets.
  • Information about key drivers, restrains, and opportunities and their impact analysis on the global smart highway market size is provided in the report.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
  • The quantitative analysis of the market industry for the period 2018–2026 is provided to determine the market potential.

Key Market Segments:

By Component

  • Hardware
  • Software
  • Service

By Deployment Mode

  • On-Premise
  • Cloud

By Technology

  • Intelligent Transportation Management System
  • Intelligent Management System
  • Communication System
  • Monitoring System
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe  
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • ABB Ltd
  • ALE International
  • AT&T Inc.
  • Cisco System Inc.
  • IBM Corporation
  • Huawei Technologies Co. Ltd.
  • LG CSN
  • Honeywell International Inc.
  • Schneider Electric SE
  • Siemens AG
 

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key findings

2.1.1. Top impacting factors
2.1.2. Top investment pockets

2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key forces shaping global smart highway market
3.3. Case Studies

3.3.1. Case study 1
3.3.2. Case study 2

3.4. Market dynamics

3.4.1. Drivers

3.4.1.1. Rise in the number of vehicles among emerging countries
3.4.1.2. Increase in road traffic injuries
3.4.1.3. Surge in international trade among the developing nations
3.4.1.4. Rise in smart city initiatives

3.4.2. Restraints

3.4.2.1. High initial and maintenance cost
3.4.2.2. Lack of technical expertise

3.4.3. Opportunities

3.4.3.1. Emergence of smart vehicles
3.4.3.2. Rise in advance technology among the transportation industry

3.5. Impact of government regulations on the global smart highway market
3.6. On-going smart highway projects and initiatives

CHAPTER 4: GLOBAL SMART HIGHWAY MARKET, BY COMPONENT

4.1. Overview
4.2. Hardware

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Smart highway market, by hardware type

4.2.3.1. Surveillance Camera
4.2.3.2. Digital Signage
4.2.3.3. Networking Devices
4.2.3.4. Monitoring & Detection System
4.2.3.5. Others
4.2.3.6. Smart highway market size and forecast, by hardware type
4.2.4. Market analysis, by country

4.3. Software

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

4.4. Service

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Smart highway market, by service type

4.4.3.1. Implementation & integration service
4.4.3.2. Training & support service
4.4.3.3. Consulting service
4.4.3.4. Smart highway market size and forecast, by service type

4.4.4. Market analysis, by country

CHAPTER 5: GLOBAL SMART HIGHWAY SOFTWARE MARKET, BY DEPLOYMENT MODE

5.1. Overview
5.2. On-premise

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. Cloud-Based

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

CHAPTER 6: GLOBAL SMART HIGHWAY MARKET, BY TECHNOLOGY

6.1. Overview
6.2. Intelligent Transportation Management System (ITS)

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Smart highway market, by intelligent transportation management system type

6.2.3.1. Lane Departure Warning (LDW) System
6.2.3.2. Automatic Number Plate Recognition (ANPR)
6.2.3.3. Incident Detection System (IDS)
6.2.3.4. Radio Frequency Identification (RFID)
6.2.3.5. Smart highway market size and forecast, by intelligent transportation management system type

6.2.4. Market analysis, by country

6.3. Intelligent Traffic Management System

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Smart highway market, by intelligent traffic management system type

6.3.3.1. Electronic Toll Collection (ETC) System
6.3.3.2. Global Navigation Satellite System (GNSS)/Global Positioning System (GPS)
6.3.3.3. Real-Time Traffic Management System
6.3.3.4. Smart highway market size and forecast, by intelligent traffic management system type

6.3.4. Market analysis, by country

6.4. Communication System

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Smart highway market, by communication system type

6.4.3.1. Radio Network
6.4.3.2. Emergency Network
6.4.3.3. Data Network
6.4.3.4. Smart highway market size and forecast, by communication system type

6.4.4. Market analysis, by country

6.5. Monitoring system

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Smart highway market, by monitoring system type

6.5.3.1. Traffic Measurement
6.5.3.2. Weather Management
6.5.3.3. Video Surveillance
6.5.3.4. Smart highway market size and forecast, by monitoring system type
6.5.4. Market analysis, by country

6.6. Others

6.6.1. Key market trends, growth factors, and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market analysis, by country

CHAPTER 7: SMART HIGHWAY MARKET, BY REGION

7.1. Overview

7.1.1. Market size and forecast, by region

7.2. North America

7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by component
7.2.3. Market size and forecast, by deployment mode
7.2.4. Market size and forecast, by technology
7.2.5. Market analysis, by country

7.2.5.1. U.S.

7.2.5.1.1. Market size and forecast, by component
7.2.5.1.2. Market size and forecast, by deployment mode
7.2.5.1.3. Market size and forecast, by technology

7.2.5.2. Canada

7.2.5.2.1. Market size and forecast, by component
7.2.5.2.2. Market size and forecast, by deployment mode
7.2.5.2.3. Market size and forecast, by technology

7.3. Europe

7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by component
7.3.3. Market size and forecast, by deployment mode
7.3.4. Market size and forecast, by technology
7.3.5. Market analysis, by country

7.3.5.1. UK

7.3.5.1.1. Market size and forecast, by component
7.3.5.1.2. Market size and forecast, by deployment mode
7.3.5.1.3. Market size and forecast, by technology

7.3.5.2. Germany

7.3.5.2.1. Market size and forecast, by component
7.3.5.2.2. Market size and forecast, by deployment mode
7.3.5.2.3. Market size and forecast, by technology

7.3.5.3. France

7.3.5.3.1. Market size and forecast, by component
7.3.5.3.2. Market size and forecast, by deployment mode
7.3.5.3.3. Market size and forecast, by technology

7.3.5.4. Italy

7.3.5.4.1. Market size and forecast, by component
7.3.5.4.2. Market size and forecast, by deployment mode
7.3.5.4.3. Market size and forecast, by technology

7.3.5.5. Spain

7.3.5.5.1. Market size and forecast, by component
7.3.5.5.2. Market size and forecast, by deployment mode
7.3.5.5.3. Market size and forecast, by technology

7.3.5.6. Rest of Europe

7.3.5.6.1. Market size and forecast, by component
7.3.5.6.2. Market size and forecast, by deployment mode
7.3.5.6.3. Market size and forecast, by technology

7.4. Asia-Pacific

7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by component
7.4.3. Market size and forecast, by deployment mode
7.4.4. Market size and forecast, by technology
7.4.5. Market analysis, by country

7.4.5.1. China

7.4.5.1.1. Market size and forecast, by component
7.4.5.1.2. Market size and forecast, by deployment mode
7.4.5.1.3. Market size and forecast, by technology

7.4.5.2. India

7.4.5.2.1. Market size and forecast, by component
7.4.5.2.2. Market size and forecast, by deployment mode
7.4.5.2.3. Market size and forecast, by technology

7.4.5.3. Japan

7.4.5.3.1. Market size and forecast, by component
7.4.5.3.2. Market size and forecast, by deployment mode
7.4.5.3.3. Market size and forecast, by technology

7.4.5.4. Indonesia

7.4.5.4.1. Market size and forecast, by component
7.4.5.4.2. Market size and forecast, by deployment mode
7.4.5.4.3. Market size and forecast, by technology

7.4.5.5. Thailand

7.4.5.5.1. Market size and forecast, by component
7.4.5.5.2. Market size and forecast, by deployment mode
7.4.5.5.3. Market size and forecast, by technology

7.4.5.6. Rest of Asia-Pacific

7.4.5.6.1. Market size and forecast, by component
7.4.5.6.2. Market size and forecast, by deployment mode
7.4.5.6.3. Market size and forecast, by technology

7.5. LAMEA

7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, by component
7.5.3. Market size and forecast, by deployment mode
7.5.4. Market size and forecast, by technology
7.5.5. Market analysis, by country

7.5.5.1. Mexico

7.5.5.1.1. Market size and forecast, by component
7.5.5.1.2. Market size and forecast, by deployment mode
7.5.5.1.3. Market size and forecast, by technology

7.5.5.2. Brazil

7.5.5.2.1. Market size and forecast, by component
7.5.5.2.2. Market size and forecast, by deployment mode
7.5.5.2.3. Market size and forecast, by technology

7.5.5.3. United Arab Emirates

7.5.5.3.1. Market size and forecast, by component
7.5.5.3.2. Market size and forecast, by deployment mode
7.5.5.3.3. Market size and forecast, by technology

7.5.5.4. Africa

7.5.5.4.1. Market size and forecast, by component
7.5.5.4.2. Market size and forecast, by deployment mode
7.5.5.4.3. Market size and forecast, by technology

7.5.5.5. Rest of LAMEA

7.5.5.5.1. Market size and forecast, by component
7.5.5.5.2. Market size and forecast, by deployment mode
7.5.5.5.3. Market size and forecast, by technology

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Market player positioning, 2018
8.2. Top Winning Strategies
8.3. Competitive dashboard
8.4. Key developments

8.4.1. Partnership
8.4.2. Acquisition
8.4.3. Collaboration
8.4.4. Agreement
8.4.5. Product Launch
8.4.6. Product Development
8.4.7. Business Expansion

CHAPTER 9: COMPANY PROFILES

9.1. ABB LTD.

9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. R&D Expenditure
9.1.7. Business performance
9.1.8. Key strategic moves and developments

9.2. ALE INTERNATIONAL

9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Product portfolio
9.2.5. R&D Expenditure
9.2.6. Business performance

9.3. AT&T INC.

9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. R&D Expenditure
9.3.7. Business performance
9.3.8. Key strategic moves and developments

9.4. CISCO SYSTEMS, INC.

9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Product portfolio
9.4.5. R&D Expenditure
9.4.6. Business performance
9.4.7. Key strategic moves and developments

9.5. HONEYWELL INTERNATIONAL INC.

9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. R&D Expenditure
9.5.7. Business performance
9.5.8. Key strategic moves and developments

9.6. HUAWEI TECHNOLOGIES CO., LTD.

9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. R&D Expenditure
9.6.7. Business performance
9.6.8. Key strategic moves and developments

9.7. INTERNATIONAL BUSINESS MACHINES CORPORATION

9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. R&D Expenditure
9.7.7. Business performance
9.7.8. Key strategic moves and developments

9.8. LG CNS

9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Product portfolio
9.8.5. Business performance
9.8.6. Key strategic moves and developments

9.9. SCHNEIDER ELECTRIC SE

9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. R&D Expenditure
9.9.7. Business performance
9.9.8. Key strategic moves and developments

9.10. SIEMENS AG

9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. R&D expenditure
9.10.7. Business performance
9.10.8. Key strategic moves and developments

LIST OF TABLES

TABLE 01. GLOBAL SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 02. GLOBAL SMART HIGHWAY MARKET REVENUE FOR HARDWARE, BY REGION, 2018–2026 ($MILLION)
TABLE 03. GLOBAL SMART HIGHWAY MARKET REVENUE, BY HARDWARE TYPE, 2018–2026 ($MILLION)
TABLE 04. GLOBAL SMART HIGHWAY MARKET REVENUE FOR SOLUTION, BY REGION, 2018–2026 ($MILLION)
TABLE 05. GLOBAL SMART HIGHWAY MARKET REVENUE FOR SERVICE, BY REGION, 2018–2026 ($MILLION)
TABLE 06. GLOBAL SMART HIGHWAY MARKET REVENUE, BY SERVICE TYPE, 2018–2026 ($MILLION)
TABLE 07. GLOBAL SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018-2026 ($MILLION)
TABLE 08. GLOBAL ON-PREMISE SMART HIGHWAY SOFTWARE MARKET REVENUE, BY REGION 2018–2026 ($MILLION)
TABLE 09. GLOBAL SMART HIGHWAY MARKET REVENUE FOR CLOUD-BASED, BY REGION 2018–2026 ($MILLION)
TABLE 10. GLOBAL SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018-2026 ($MILLION)
TABLE 11. GLOBAL SMART HIGHWAY MARKET REVENUE FOR INTELLIGENT TRANSPORTATION MANAGEMENT SYSTEM, BY REGION 2018–2026 ($MILLION)
TABLE 12. GLOBAL SMART HIGHWAY MARKET REVENUE, BY INTELLIGENT TRANSPORTATION MANAGEMENT SYSTEM TYPE,  2018–2026 ($MILLION)
TABLE 13. GLOBAL SMART HIGHWAY MARKET REVENUE FOR INTELLIGENT TRAFFIC MANAGEMENT SYSTEM, BY REGION  2018–2026 ($MILLION)
TABLE 14. GLOBAL SMART HIGHWAY MARKET REVENUE, BY INTELLIGENT TRAFFIC MANAGEMENT SYSTEM TYPE,  2018–2026 ($MILLION)
TABLE 15. GLOBAL SMART HIGHWAY MARKET REVENUE FOR COMMUNICATION SYSTEM, BY REGION 2018–2026 ($MILLION)
TABLE 16. GLOBAL SMART HIGHWAY MARKET REVENUE, BY COMMUNICATION SYSTEM TYPE, 2018–2026 ($MILLION)
TABLE 17. GLOBAL SMART HIGHWAY MARKET REVENUE FOR MONITORING SYSTEM, BY REGION 2018–2026 ($MILLION)
TABLE 18. GLOBAL SMART HIGHWAY MARKET REVENUE, BY MONITORING SYSTEM TYPE, 2018–2026 ($MILLION)
TABLE 19. GLOBAL SMART HIGHWAY MARKET REVENUE FOR OTHERS, BY REGION 2018–2026 ($MILLION)
TABLE 20. GLOBAL SMART HIGHWAY MARKET REVENUE, BY REGION, 2018–2026 ($MILLION)
TABLE 21. NORTH AMERICA SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 22. NORTH AMERICA SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 23. NORTH AMERICA SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 24. NORTH AMERICA SMART HIGHWAY SOFTWARE MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 25. U.S. SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 26. U.S. SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 27. U.S. SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 28. CANADA SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 29. CANADA SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 30. CANADA SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 31. EUROPE SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 32. EUROPE SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 33. EUROPE SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 34. EUROPE SMART HIGHWAY MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 35. UK SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 36. UK SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 37. UK SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 38. GERMANY SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 39. GERMANY SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 40. GERMANY SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 41. FRANCE SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 42. FRANCE SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 43. FRANCE SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 44. ITALY SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 45. ITALY SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 46. ITALY SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 47. SPAIN SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 48. SPAIN SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 49. SPAIN SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 50. REST OF EUROPE SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 51. REST OF EUROPE SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 52. REST OF EUROPE SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 53. ASIA-PACIFIC SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 54. ASIA-PACIFIC SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 55. ASIA-PACIFIC SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 56. ASIA-PACIFIC SMART HIGHWAY MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 57. CHINA SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 58. CHINA SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 59. CHINA SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 60. INDIA SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 61. INDIA SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 62. INDIA SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 63. JAPAN SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 64. JAPAN SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 65. JAPAN SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 66. INDONESIA SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 67. INDONESIA SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 68. INDONESIA SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 69. THAILAND SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 70. THAILAND SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 71. THAILAND SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 72. REST OF ASIA-PACIFIC SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 73. REST OF ASIA-PACIFIC SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 74. REST OF ASIA-PACIFIC SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 75. LAMEA SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 76. LAMEA SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 77. LAMEA SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 78. LAMEA SMART HIGHWAY MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 79. MEXICO SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 80. MEXICO SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 81. MEXICO SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 82. BRAZIL SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 83. BRAZIL SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 84. BRAZIL SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 85. UAE SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 86. UAE SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 87. UAE SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 88. AFRICA SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 89. AFRICA SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 90. AFRICA SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 91. REST OF LAMEA SMART HIGHWAY MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 92. REST OF LAMEA SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
TABLE 93. REST OF LAMEA SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
TABLE 94. PARTNERSHIP (2016-2019)
TABLE 95. ACQUISTION (2016-2019)
TABLE 96. COLLABORATION (2016-2019)
TABLE 97. AGREEMENT (2016-2019)
TABLE 98. PRODUCT LAUNCH (2016-2019)
TABLE 99. PRODUCT DEVELOPMENT (2016-2019)
TABLE 100. BUSINESS EXPANSION (2016-2019)
TABLE 101. ABB LTD.: KEY EXECUTIVES
TABLE 102. ABB LTD.: COMPANY SNAPSHOT
TABLE 103. ABB LTD.: OPERATING SEGMENTS
TABLE 104. ABB LTD.: PRODUCT PORTFOLIO
TABLE 105. ALE INTERNATIONAL: KEY EXECUTIVES
TABLE 106. ALE INTERNATIONAL: COMPANY SNAPSHOT
TABLE 107. ALE INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 108. AT&T INC.: KEY EXECUTIVES
TABLE 109. AT&T INC.: COMPANY SNAPSHOT
TABLE 110. AT&T INC.: OPERATING SEGMENTS
TABLE 111. AT&T INC.: PRODUCT PORTFOLIO
TABLE 112. CISCO SYSTEMS, INC.: KEY EXECUTIVES
TABLE 113. CISCO SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 114. CISCO SYSTEMS, INC.: PRODUCT PORTFOLIO
TABLE 115. HONEYWELL INTERNATIONAL INC.: KEY EXECUTIVES
TABLE 116. HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 117. HONEYWELL INTERNATIONAL INC.: OPERATING SEGMENTS
TABLE 118. HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 119. HUAWEI TECHNOLOGIES CO., LTD.: KEY EXECUTIVES
TABLE 120. HUAWEI TECHNOLOGIES CO., LTD.: COMPANY SNAPSHOT
TABLE 121. HUAWEI TECHNOLOGIES CO., LTD.: OPERATING SEGMENTS
TABLE 122. HUAWEI TECHNOLOGIES CO., LTD.: PRODUCT PORTFOLIO
TABLE 123. INTERNATIONAL BUSINESS MACHINES CORPORATION: KEY EXECUTIVES
TABLE 124. INTERNATIONAL BUSINESS MACHINES CORPORATION: COMPANY SNAPSHOT
TABLE 125. INTERNATIONAL BUSINESS MACHINES CORPORATION: OPERATING SEGMENTS
TABLE 126. INTERNATIONAL BUSINESS MACHINES CORPORATION: PRODUCT PORTFOLIO
TABLE 127. LG CNS: KEY EXECUTIVES
TABLE 128. LG CNS: COMPANY SNAPSHOT
TABLE 129. LG CNS: PRODUCT PORTFOLIO
TABLE 130. SCHNEIDER ELECTRIC SE: KEY EXECUTIVES
TABLE 131. SCHNEIDER ELECTRIC SE: COMPANY SNAPSHOT
TABLE 132. SCHNEIDER ELECTRIC SE: OPERATING SEGMENTS
TABLE 133. SCHNEIDER ELECTRIC SE: PRODUCT PORTFOLIO
TABLE 134. SIEMENS AG: KEY EXECUTIVES
TABLE 135. SIEMENS AG: COMPANY SNAPSHOT
TABLE 136. SIEMENS AG: OPERATING SEGMENTS
TABLE 137. SIEMENS AG: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. GLOBAL SMART HIGHWAY MARKET, 2018–2026
FIGURE 03. GLOBAL SMART HIGHWAY MARKET, BY REGION, 2018–2026
FIGURE 04. SMART HIGHWAY MARKET: TOP IMPACTING FACTOR
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 07. LOW-TO-MODERATE BARGAINING POWER OF BUYER
FIGURE 08. MODERATE THREAT OF SUBSTITUTES
FIGURE 09. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 10. MODERATE-TO-HIGH COMPETITIVE RIVALRY
FIGURE 11. GLOBAL SMART HIGHWAY MARKET, BY COMPONENT, 2018-2026
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF GLOBAL SMART HIGHWAY MARKET FOR HARDWARE, BY COUNTRY,  2018 & 2026(%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF GLOBAL SMART HIGHWAY MARKET FOR SOFTWARE, BY COUNTRY,  2018 & 2026(%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF GLOBAL SMART HIGHWAY MARKET FOR SERVICE, BY COUNTRY,  2018 & 2026(%)
FIGURE 15. GLOBAL SMART HIGHWAY SOFTWARE MARKET REVENUE, BY DEPLOYMENT MODE, 2018–2026 ($MILLION)
FIGURE 16. COMPARATIVE SHARE ANALYSIS FOR GLOBAL ON-PREMISE SMART HIGHWAY SOFTWARE MARKET,  BY COUNTRY, 2018 & 2026(%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS FOR GLOBAL SMART HIGHWAY MARKET FOR CLOUD-BASED, BY COUNTRY, 2018 & 2026(%)
FIGURE 18. GLOBAL SMART HIGHWAY MARKET REVENUE, BY TECHNOLOGY, 2018–2026 ($MILLION)
FIGURE 19. COMPARATIVE SHARE ANALYSIS FOR GLOBAL SMART HIGHWAY MARKET FOR INTELLIGENT TRANSPORTATION MANAGEMENT SYSTEM, BY COUNTRY, 2018 & 2026(%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS FOR GLOBAL SMART HIGHWAY MARKET FOR INTELLIGENT TRAFFIC MANAGEMENT SYSTEM, BY COUNTRY, 2018 & 2026(%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS FOR GLOBAL SMART HIGHWAY MARKET FOR COMMUNICATION SYSTEM,  BY COUNTRY, 2018 & 2026(%)
FIGURE 22. COMPARATIVE SHARE ANALYSIS FOR GLOBAL SMART HIGHWAY MARKET FOR MONITORING SYSTEM, BY COUNTRY, 2018 & 2026(%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS FOR GLOBAL SMART HIGHWAY MARKET FOR OTHERS, BY COUNTRY,  2018 & 2026(%)
FIGURE 24. U.S. SMART HIGHWAY MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 25. CANADA SMART HIGHWAY MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 26. UK SMART HIGHWAY MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 27. GERMANY SMART HIGHWAY MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 28. FRANCE SMART HIGHWAY MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 29. ITALY SMART HIGHWAY MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 30. SPAIN SMART HIGHWAY MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 31. REST OF EUROPE SMART HIGHWAY MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 32. CHINA SMART HIGHWAY MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 33. INDIA SMART HIGHWAY MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 34. JAPAN SMART HIGHWAY MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 35. INDONESIA SMART HIGHWAY MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 36. THAILAND SMART HIGHWAY MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 37. REST OF ASIA-PACIFIC SMART HIGHWAY MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 38. MEXICO SMART HIGHWAY MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 39. BRAZIL SMART HIGHWAY MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 40. UAE SMART HIGHWAY MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 41. AFRICA SMART HIGHWAY MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 42. REST OF LAMEA SMART HIGHWAY MARKET REVENUE, 2018-2026 ($MILLION)
FIGURE 43. KEY PLAYER POSITIONING, 2018
FIGURE 44. TOP WINNING STRATEGIES, BY YEAR, 2016-2019
FIGURE 45. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016-2019
FIGURE 46. TOP WINNING STRATEGIES, BY COMPANY, 2016-2019
FIGURE 47. COMPETITIVE DASHBOARD
FIGURE 48. COMPETITIVE DASHBOARD
FIGURE 49. COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 50. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 51. ABB LTD.: REVENUE, 2016–2018 ($MILLION)
FIGURE 52. ABB LTD.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 53. ABB LTD.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 54. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 55. NOKIA CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 56. NOKIA CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 57. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 58. AT&T INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 59. AT&T INC.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 60. AT&T INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 61. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 62. CISCO SYSTEMS, INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 63. CISCO SYSTEMS, INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 64. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 65. HONEYWELL INTERNATIONAL INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 66. HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 67. HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 68. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 69. HUAWEI TECHNOLOGIES CO., LTD.: REVENUE, 2016–2018 ($MILLION)
FIGURE 70. HUAWEI TECHNOLOGIES CO., LTD.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 71. HUAWEI TECHNOLOGIES CO., LTD.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 72. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 73. INTERNATIONAL BUSINESS MACHINES CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 74. INTERNATIONAL BUSINESS MACHINES CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 75. INTERNATIONAL BUSINESS MACHINES CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 76. LG CNS: REVENUE, 2016–2018 ($MILLION)
FIGURE 77. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 78. SCHNEIDER ELECTRIC SE: REVENUE, 2016–2018 ($MILLION)
FIGURE 79. SCHNEIDER ELECTRIC SE: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 80. SCHNEIDER ELECTRIC SE: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 81. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 82. SIEMENS AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 83. SIEMENS AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 84. SIEMENS AG: REVENUE SHARE BY REGION, 2018 (%)

 
 

There is an increase in the adoption of smart highway to provide more reliable, safe, and efficient travelling experience to the travelers. In addition, the main aim of smart road is to create roads where traffic can be optimized to increase vehicle efficiency and reduce congestion. Furthermore, many emerging countries across the globe have adopted smart roads for improving their traffic management and energy efficiencies.

According to CXOs of the leading companies, increase in economic strength of developing nations such as China, India, Indonesia, Thailand, and others is expected to provide lucrative opportunities for the market growth. Asia-Pacific is expected to dominate the market during the forecast period. Moreover, the emerging countries in Asia-Pacific and Latin America are projected to offer significant growth opportunities during the forecast period. The global players are focusing toward product development and increasing their geographical presence, owing to rise in competition among local vendors in terms of features, quality, and price. In addition, these players are adopting various business strategies to enhance their product offerings and strengthen their foothold in the market. For instance, in Nov 2018, Siemens and Aruba, a Hewlett Packard Enterprise company, announced a strategic partnership focused on bridging the Operational Technology (OT) and Information Technology (IT) worlds. On the basis of complementary portfolios, Siemens and Aruba are expected to support customers with highly reliable, secure, and insightful data networks enabling high plant and network availability.

 
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