Global Smart Highway Market - Analysis of Growth, Trends Progress and Challenges (2016 - 2021)

  • ID: 3970608
  • Report
  • Region: Global
  • 115 pages
  • Mordor Intelligence
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The global smart highway market is projected to reach USD 32.81 billion by the end of 2020 from USD 14.25 billion in 2015, growing at a CAGR of 18.15% during the forecast period. Smart highways implement sophisticated technologies to avoid undesirable highway causalities and to ensure a manageable and sustainable flow of traffic. Sustainability, perception, and safety are the key concepts under smart highway market. The need for better and sustainable highways along with the demand for safer, reliable, lesser pollution and lesser traffic congestion are driving the market effectively.

Innovative technologies to avoid discomfort caused to the transport management enterprises also serves as a key driver for the growth of this market. With the growing demand for smart cars, the need for smart roads/highways is also a critical reason for the market's growth. However, underdeveloped infrastructure, lack of appropriate technical knowledge and training for the use and implementation of these technologies and unwillingness to adopt new ways of highway transportation are constraining the market. On a positive side, the deployment of advanced technologies, huge investment by organizations in infrastructure developments and various government initiatives like funding and decreased law enforcements for easy deployment of the technologies may be seen as the key opportunities of Global Smart Highway market.

In this report, the global smart highway market is segmented in terms of technology, display, services, deployments and geography. Smart transportation management systems, smart traffic management systems, intelligent communication systems and intelligent monitoring systems are the technological segments for this market. The types of displays include variable message signs, digital signage, and others. The services segment can be further classified into consultancy service, maintenance and operation service and managed service. The different types of deployments include on-premise and on-demand

Some of the notable market players include:

- Alcatel Lucent
- Cisco systems Inc
- Huawei Technologies Co. Ltd
- Indra
- International Business Machine (IBM)
- Kapsch AG
- LG CNS
- Schneider Electric.
- Siemens AG
- Siemens AG
- Xerox Corporation

Key Deliverables of the Study

- Market definition global smart highway market along with identification of key drivers and restraints for the market.
- Market analysis for the global smart highway market, with region specific assessments and competition analysis on a global and regional scale.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
- Identification and analysis of the macro and micro factors that affect the global smart highway market on both global and regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

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1. Introduction

1.1 Key Deliverables of the study

1.2 Study Assumptions

1.3 Market Definition

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

4.1 Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Industry Value Chain Analysis

4.5 Industry Attractiveness - Porters Five Forces Model

4.5.1 Bargaining Power of Suppliers

4.5.2 Bargaining Power of Buyers

4.5.3 Threat of New Entrants

4.5.4 Threat of Subsitute Products and Services

4.5.5 Degree of Competition

5. Global Smart Highway Market - Segmented by Technology

5.1 Smart Transport Management System

5.1.1 Lane Departure Warning system (LDW)

5.1.2 Automatic Number Plate Recognition (ANPR)

5.1.3 Incident Detection System (IDS)

5.1.4 Radio Frequency Identification System (RFID)

5.2 Smart Traffic Management System

5.2.1 Electronic Toll Collection System (ETC)

5.2.2 Global Navigation Satellite System (GNSS) and Global Positioning System (GPS)

5.2.3 Real Time Traffic Management System

5.3 Communication System

5.3.1 Radio Network

5.3.2 Emergency Network

5.3.3 Data Network

5.4 Monitoring System

5.4.1 Traffic Measurement

5.4.2 Weather Management

5.4.3 Video Surveillence

6. Global Smart Highway Market - Segmented by Display

6.1 Variable Message Signs

6.2 Digital Signage

6.3 Others

7. Global Smart Highway Market - Segmented by Service

7.1 Consultancy Service

7.2 Maintenance and Operation Service

7.3 Managed Service

8. Global Smart Highway Market - Segmented by Deployment

8.1 On Premise

8.2 On Demand

9. Global Smart Highway Market - Segmented by Region

9.1 North America

9.2 Europe

9.3 Asia Pacific

9.4 Latin America

9.5 Middle East & Africa

10. Competitive Landscape - Vendor Market Share Analysis

11. Key Vendor Profiles

11.1 Alcatel Lucent

11.1.1 Overview

11.1.2 Products and Services

11.1.3 Financials

11.1.4 Recent Developments

11.2 Indra

11.2.1 Overview

11.2.2 Products and Services

11.2.3 Financials

11.2.4 Recent Developments

11.3 Siemens AG

11.3.1 Overview

11.3.2 Products and Services

11.3.3 Financials

11.3.4 Recent Developments

11.4 LG CNS

11.4.1 Overview

11.4.2 Products and Services

11.4.3 Financials

11.4.4 Recent Developments

11.5 Kapsch AG

11.5.1 Overview

11.5.2 Products and Services

11.5.3 Financials

11.5.4 Recent Developments

11.6 CISCO Systems Inc

11.6.1 Overview

11.6.2 Products and Services

11.6.3 Financials

11.6.4 Recent Developments

11.7 Schneider Electric

11.7.1 Overview

11.7.2 Products and Services

11.7.3 Financials

11.7.4 Recent Developments

11.8 IBM

11.8.1 Overview

11.8.2 Products and Services

11.8.3 Financials

11.8.4 Recent Developments

11.9 Xerox Corporation

11.9.1 Overview

11.9.2 Products and Services

11.9.3 Financials

11.9.4 Recent Developments

11.10 Huawei Technologies Co. Ltd

11.10.1 Overview

11.10.2 Products and Services

11.10.3 Financials

11.10.4 Recent Developments

12. Latest Upcoming Technologies

13. Future Trends and Oppurtunities in Global Smart Highway Market
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