Global Smart Highway Market 2022-2027

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    GLOBAL SMART HIGHWAY MARKET

     

    INTRODUCTION

    Intelligent motorway as well as intelligent roadway refer to the various manners in which innovations are implemented into roadways, including enhancing the operation of connected and autonomous cars for signalized intersections and public utilities, as well as monitoring the state of the roadway, volume of traffic, and vehicle velocity.

     

    At its most fundamental, smart highways sometimes known as smart roads are for just how technology are integrated into the highway.

     

    This could also assume numerous multiple kinds, but the basic goal of these technologies is to increase the efficacy of connected and automated cars, traffic signals, and operator continuous monitoring such as speed, traffic levels, and road conditions.

     

    A prominent example of an intelligent roadway in operation is electronically controlled toll roads. Previously, a toll might force people to slow things down. These barriers might become corroborated, generating extra traffic congestion and further delays on the roadway.

     

    GPS, or the capacity to use smartphone technology to transfer car statistics to mapping apps, is another modern-day smart highway improvement.

     

    infographic: Smart Highway Market, Smart Highway Market Size, Smart Highway Market Trends, Smart Highway Market Forecast, Smart Highway Market Risks, Smart Highway Market Report, Smart Highway Market Share

     

    Google Maps, Apple Maps, and Waze can all analyse data such as where people reside, companies you frequent, how long you spend in one place, and even traveling habits. These are long-lasting roadways built for the future.

     

    Its original concept of luminous lines recharge throughout the day and glows over several hours in the evening to provide an iconic roadway experience while also increasing safety.

     

    Connectivity, cloud computing, data analytics, sensors, the Internet of Things, plus machine intelligence are indeed the fundamental technologies underpinning smart cities. Smart cities have a wide range of applications and are widely employed.

     

    GLOBAL SMART HIGHWAY MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Nitin Gadkari Launches ‘Intelligent Transport System’ On Delhi Expressway Nitin Gadkari inaugurated the intelligent transport system, which can detect any accident and receive alerts to ensure that ambulance reaches the spot within 10-15 minutes. Global Scale This would enhance better Technologies and production

     

    Between Ann Arbor and Detroit, the first connected and autonomous vehicle corridor in North America is being developed by Cavnue in collaboration with the Michigan Department of Transportation (MDOT). The development of car technology will be directly aided by this smart road.

     

    To “bring the roadway into the linked driving experience,” “connected road” elements will be developed. The majority, if not all, of the top self-driving car developers prefer the decentralised “smart vehicle” approach to the more centralised and infrastructure-based “smart road” strategy, which is in opposition to this.

     

    It is being developed to eventually provide improved driving systems in vehicles with a hands-off/eyes-off experience. With a streamlined driving environment, improved journey time reliability, and more real-time information about the road ahead, conventional vehicles without such advances will still be able to utilise the connected and automated vehicle lane.

     

    There will soon be roads in the Netherlands with dynamic paint that will light up to alert drivers of changing weather conditions and glow-in-the-dark asphalt to make driving much safer. The road deck was modernised by Heijmans and Studio Roosegaarde with ideas like “Glow-in-the-dark Lining,” “Dynamic Paint,” “Interactive Light,” and “Electric Priority Lane.”

     

    Through the use of energy harvesting, smart lighting, and traffic signs that adjust to the conditions of the road, they hope to create a more interactive and sustainable road system. The paths will be powered by solar energy during the day so that at night they can light up the route.

     

    The “dynamic paint” will react to temperature fluctuations. For example, when the weather is particularly frosty or treacherous, ice crystals will form on the roads.

     

    GLOBAL SMART HIGHWAY MARKET DYNAMICS

    The amount of land set aside for roadways is limited. As a result, the absence of accessible, secure, polluted air, and traffic delays transportation is a major worry for any and all governments.

     

    To address these issues, industries are developing new systems to solve them in ongoing and prospective generations. Numerous urban planning initiatives are being developed throughout various locations, which is one of the driving forces for the highway sector.

     

    As a result, mobility businesses are developing sophisticated roadway solutions and services to support smart city initiatives.

     

    The government is also investing in highway technology vendors and suppliers to assist them in creating new and innovative products. In addition, authorities are reframing less strict legislation so that businesses may readily implement these.

     

    Highway authorities and department of transportation organizations are involved. The continuous advancement of computer technologies and systems has altered the effectiveness of transportation of goods. Through automotive systems towards sophisticated transportation planning, the solutions are diverse.

     

    The goal of an intelligent expressway is to ease traffic congestion, traffic accidents, as well as transit times. Lane departure warnings network, automated number plate recognition, incident detection system, and other innovations are used in the intelligent highways.

     

    The growing need for dependable and ecological roadways, as well as the growing need to reduce traffic congestion, are driving the global market for smart highways.

     

    The need for smart highways is being spurred by the increased desire for efficient, safer, and less time-consuming transportation. This industry is also being propelled by increased awareness of the benefits of smart highways, such as reduced traffic congestion.

     

    GLOBAL SMART HIGHWAY MARKET SEGMENTATION

    The Global Smart Highway Market can be segmented into following categories for further analysis.

    By Application

    • Expressways
    • Highways – National
    • Highways – State
    • Highways – Internal and MDR

     

    By Product Type

    • Intelligent Transportation Management
    • Intelligent Traffic Management
    • Communications
    • Monitoring Systems
    • Hybrid Operational Systems

     

    By Technology Focus Type

    • Hardware Focus
    • Software Focus
    • Services Focus

     

    By Operational Architecture Type

    • On Premise Platform
    • Cloud Platform
    • Hybrid Platform

     

    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    RECENT TECHNOLOGICAL TRENDS IN GLOBAL SMART HIGHWAY MARKET

    The concept of constructing smart highways has inspired designers and engineers to work on improving techniques of lighting roadways in an ecological and sensible manner.

     

    Using existing roadway infrastructures to cut cost of maintenance and remove excessive development expenditures connected with several motorway improvement projects is a wonderful method to save money.

     

    The Smart Highway initiative is looking into ways to use light on public roads to relay congestion information to the driver immediately.

     

    Innovative and cutting-edge technologies integrate dynamic and green highway architecture to increase public health and safety and provide more vehicle information as people navigate across roadways at night or in dark conditions.

     

    This unique approach, on the other hand, is predicated on giving important data to motorists without a need for extra circuitry or internal technologies, which may be pricey and degrade effectiveness.

     

    This incorporates Luminous Strips, an unconventional solution to highway maintenance that is being applied to a larger variety of initiatives to promote safety of the public and promote the development of smart urban areas.

     

    The illuminating indicators are applied to existing highway surfaces with a plastic coating. The paints differs from typical highway and city highway coatings because it incorporates a photo-illuminating powder that charges up during the day.

     

    Once it becomes dark, every luminous strip may be up to 1600 feet in length and illuminate for up to eight hours. Icy conditions reduce congestion to guarantee safety, however sometimes at reduced speeds, vehicles and lorries are more likely to become involved.

     

    COMPETITIVE LANDSCAPE

    This same industry is growing due to an increase in the number of automobiles on the highway as well as an expansion in road traffic crashes.

     

    Furthermore, increased international commerce amongst growing nations throughout the world encourages the production of the intelligent highway industry.

     

    Nevertheless, expensive start-up and maintenance costs, as well as a lack of suitable technical understanding amongst end customers, are impeding expansion.

     

    Various advantages given through this technology, also including improved traffic safety, reduced damage to infrastructure, traffic monitoring, including data analysis.

     

    As a result, there is an increase in growth of smart motorways and roads that monitor traffic congestion on every route and redirect vehicles correspondingly for faster and easier transportation.

     

    LG CNS is a growing global developer and mobiliser of the Automated Fleet Control and Automated Fare Collection systems in the market. The AFC system includes seamless computerized price payments for all forms of transportation.

     

    The technology primarily comprises digital payment alternatives including both customers and cars, and it has progressed beyond the present closed-loop system into ABT as well as Unified Transaction platforms, ideally aiming to develop into Mobility as a Service.

     

    LG CNS delivers end-to-end intelligent revenue collecting services and solutions through combining mobility fare intelligence, transportation vehicle details, and transportation route information, based on skills and technology gained from experiences in many cities all over the world.

     

    It permits the gathering of real-time earnings data by vehicle and route, as well as other statistics, while boosting customer happiness and increasing revenues through cost reduction and passenger attraction. The technology has progressed beyond typical closed loop approaches.

     

    Siemens AG is a prominent developer of the latest integrated technologies focusing on better smarter highways for the future. The Cooperative Intelligent Transport System (C-ITS) is a next-generation transportation management network that analyses highway circumstances and distributes information among commuters about traffic jams, fatalities, including road closures using broadcasting communication.

     

    One of the primary benefits of C-ITS is the ability to communicate real-time regarding the traffic interruptions. If an automobile discovers a critical impediment for those other drivers on the road, it quickly communicates that with other comparable cars via radio, and those equipped with C-ITS can have these alerts presented immediately inside the automobile.

     

    If traffic lights, for instance, are automatically altered, C-ITS can also allow emergency vehicles to navigate the metropolis quicker rapidly and public transportation to operate more efficiently. The Siemens Mobility Cooperative Management System (CMS) in particular is connected and interlinked with the secure communication network establishments.

     

    COMPANIES PROFILED

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in theIndustry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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