Worldwide Smart Highway Market 2017- Strategy Resources, Manufacturers,Supply and Forecasts 2023
Latest industry research report on World Smart Highway Market. Smart Highways refer to roads/highways, incorporated with different technologies to ensure an easily manageable and sustainable flow of traffic. Intensive alliance between developers and builders have resulted in the much talked about concept Smart Highway. Furthermore, sustainability, perception as well as safety are the key components of the smart highway market.
The aforementioned components are manifested in the latest technologies use for creating smart highways. Emergence of smart highway market has offered a facelift to the transportation industry. Furthermore, the technology is serving demands such as safety, pollution free environment, and less travel time among others, thus gaining greater importance.
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There are many drivers, restraints and opportunities defining the presence of smart highway market. Innovative technologies introduced to fill in the gap of disquiet caused to transport management enterprises, commuters and others are now driving the smart highway market. Some of these technologies are electronic toll collection system (ETC), lane driver warning system (LDW), and incident detection system amongst others.
However, factors including inaccurate driver data and poorly developed infrastructures resulting in inappropriate traffic flow have hindered the market growth to a greater extent. Other than this, lack of appropriate technical knowledge and training about the technologies and their implementation, work as key restraining factors.
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Nonetheless, the business expansion in sectors such as travel and need for cutting edge transport infrastructure would create greater opportunities for the market. Further, increasing government investments in infrastructure would also provide growth opportunities.
The market is segmented in terms of technology, deployment models, geography, displays, service and geography.
Market By Technology
- Monitoring System
- Traffic Management System
- Communication System
- Others
Market By Deployment Model
- Cloud
- On-Premise
Smart Highway Market By Displays
- Digital Signage
- Variable Message Signage
- Others
Market By Service
- Consultancy
- Maintenance Services
- Others
Market By Geography
- North America
- Europe
- Asia Pacific
- LAMEA
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