Since the last decade, the use of the word smart has become a common practice at nearly all levels; for instance, smartphones, smart city, smart airports, smart buildings, smart energy, and smart technology.
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Based on system, the market is divided into intelligent traffic management system, intelligent transport management system, communication system, and traffic monitoring system.
The smart highway market based on services is sub-divided into consulting services operational and maintenance services & other services. The market by deployment type is segmented into on premise and on-cloud deployment.
A geographic breakdown and deep dive analysis of each of the aforesaid segments has been covered for North America, Europe, Asia-Pacific, and LAMEA.
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In this smart world, the roads and highways must be renovated to adapt to a relevant role in this revolution of becoming smart, in a way for a city to be termed smart city. A smart road can provide citizens with smart mobility as well as safe roads to travel.
Drivers: (smart roads of the future market)
- Growing market demand for connected or smart cars
- Need for improved and sustainable highway infrastructure
- Increasing demand for safe and secure roads, remote traffic surveillance, and reduction in traffic congestion
Restraints: (smart highway system market)
- Continuously developing infrastructures
- Dearth of technology awareness amongst vehicle drivers
Top players in the global smart highway market include Alcatel Lucent, LG CNS, Huawei, Kapsch AG, IBM, Siemens AG, Cisco, Schneider Electric, TrafficCom, and Xerox Corporation.
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- Intelligent traffic management system
- Intelligent transport management system
- Communication system
- Traffic monitoring system
Key Point from Table of Content
- Executive summary
1.1. Key findings
1.2. Market attractiveness and trend analysis
1.3. Competitive landscape and recent industry development analysis
2.1. Report description
2.2. Scope and definitions
2.3. Research methodology
3. Market landscape
3.1. Growth drivers
3.1.1. Impact analysis
3.2. Restraints and challenges
3.2.1. Impact analysis (smart highway technology market)
3.3. Porter’s analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
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- Consulting services (glow in the dark highway market)
- Operational and maintenance services
- Other services
By Deployment type
- On premise
- On-cloud (glow in the dark road markings)
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