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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1517430

PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1517430

Global Smart Highway Construction Market Size Study, by Solution, by Deployment, by Technology, and Regional Forecasts 2022-2032

PUBLISHED: July 17, 2024

PAGES: 200 Pages

DELIVERY TIME: 2-3 business days

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Description

The Global Smart Highway Construction Market is valued approximately at USD 34.85 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 20.0% over the forecast period 2024-2032. The smart highway construction market is driven by the increasing government investments worldwide aimed at enhancing real-time information systems for road conditions and traffic management. Smart highways, particularly in hazardous and hilly regions, offer significant safety benefits by providing warnings about oncoming traffic and potential landslides. Additionally, these highways generate energy, which can be used for road lighting and powering electric vehicles. As the global population and the number of vehicles on the road continue to rise, the scarcity of land for new road construction necessitates the development of smart, safe, pollution-free, and decongested transportation solutions. The proliferation of smart city initiatives further propels the growth of the smart highway construction market, driving industries to innovate and develop new technologies.

Smart transportation management systems leverage digital sensors to collect and store data, providing real-time predictions and alerts for issues like landslides, severe weather, and traffic congestion. Companies are continuously innovating in this space; for instance, in September 2021, Alcatel-Lucent Enterprise launched new versions of its OmniSwitch 6900 line, designed for enterprise data centers and core networks as part of its Digital Age Networking (DAN) strategy.

The smart highway construction market is segmented based on solution, deployment, technology, and region. The solution segment includes monitoring and detection systems, display, software, and others. Deployment is categorized into on-premise and cloud-based. Technology segments cover smart transportation systems, smart traffic management, communication & networking, and others. The market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key regions considered in the Smart Highway Construction Market study include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America holds a dominant position in the smart highway construction market, primarily due to its advanced infrastructure, significant technological advancements, and substantial investments in smart city projects. The United States, in particular, has been at the forefront of implementing smart highway solutions, driven by the need to enhance traffic management, reduce congestion, and improve road safety. The region's commitment to innovation, supported by strong government initiatives and collaborations between public and private sectors, has fostered the development and deployment of intelligent transportation systems. Additionally, North America's focus on integrating renewable energy sources and sustainable practices in highway construction further propels its leadership in this market. On the other hand, Asia Pacific is projected to register fastest growth during the forecast period 2024-2032. The market in the region is being driven by factors such as rising government funding, rising adoption of smart transportation technologies and rising urbanization and infrastructure development.

Major market players included in this report are:

Transstroy India Ltd
Alcatel-Lucent Enterprise
Huawei Technologies Co. Ltd.
VINCI Construction
IBM Corporation
Heijmans N.V.
ABB Ltd.
Cisco Systems, Inc.
Colas Group
Nippon Koei Co. Ltd.
Siemens AG
Schneider Electric
Kapsch TrafficCom
Indra Sistemas
General Electric

The detailed segments and sub-segment of the market are explained below:

By Solution:

Monitoring and Detection Systems
Display
Software
Others

By Deployment:

On-Premise
Cloud-Based

By Technology:

Smart Transportation System
Smart Traffic Management
Communication & Networking
Others

By Source of Energy:

Solar
Wind
Vibration

By Source of Funding:

Government Funding
Other Funding

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East
Saudi Arabia
South Africa
Rest of Middle East and Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Smart Highway Construction Market Executive Summary

1.1. Global Smart Highway Construction Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Solution
- 1.3.2. By Deployment
- 1.3.3. By Technology
- 1.3.4. By Source of Energy
- 1.3.5. By Source of Funding
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Smart Highway Construction Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Smart Highway Construction Market Dynamics

3.1. Market Drivers
- 3.1.1. Government Investments in Smart Highways
- 3.1.2. Rising Urbanization and Smart City Initiatives
- 3.1.3. Technological Advancements in Smart Road Systems
3.2. Market Challenges
- 3.2.1. High Initial Costs and Maintenance
- 3.2.2. Privacy and Security Concerns
3.3. Market Opportunities
- 3.3.1. Expansion in Emerging Economies
- 3.3.2. Integration with Renewable Energy Sources

Chapter 4. Global Smart Highway Construction Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Smart Highway Construction Market Size & Forecasts by Solution 2022-2032

5.1. Segment Dashboard
5.2. Global Smart Highway Construction Market: Solution Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Monitoring and Detection Systems
- 5.2.2. Display
- 5.2.3. Software
- 5.2.4. Others

Chapter 6. Global Smart Highway Construction Market Size & Forecasts by Deployment 2022-2032

6.1. Segment Dashboard
6.2. Global Smart Highway Construction Market: Deployment Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. On-Premise
- 6.2.2. Cloud-Based

Chapter 7. Global Smart Highway Construction Market Size & Forecasts by Technology 2022-2032

7.1. Segment Dashboard
7.2. Global Smart Highway Construction Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Smart Transportation System
- 7.2.2. Smart Traffic Management
- 7.2.3. Communication & Networking
- 7.2.4. Others

Chapter 8. Global Smart Highway Construction Market Size & Forecasts by Source of Energy 2022-2032

8.1. Segment Dashboard
8.2. Global Smart Highway Construction Market: Source of Energy Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Solar
- 8.2.2. Wind
- 8.2.3. Vibration

Chapter 9. Global Smart Highway Construction Market Size & Forecasts by Source of Funding 2022-2032

9.1. Segment Dashboard
9.2. Global Smart Highway Construction Market: Source of Funding Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 9.2.1. Government Funding
- 9.2.2. Other Funding

Chapter 10. Global Smart Highway Construction Market Size & Forecasts by Region 2022-2032

10.1. North America Smart Highway Construction Market
- 10.1.1. U.S. Smart Highway Construction Market
  - 10.1.1.1. Solution breakdown size & forecasts, 2022-2032
  - 10.1.1.2. Deployment breakdown size & forecasts, 2022-2032
  - 10.1.1.3. Technology breakdown size & forecasts, 2022-2032
- 10.1.2. Canada Smart Highway Construction Market
  - 10.1.2.1. Solution breakdown size & forecasts, 2022-2032
  - 10.1.2.2. Deployment breakdown size & forecasts, 2022-2032
  - 10.1.2.3. Technology breakdown size & forecasts, 2022-2032
- 10.1.3. Mexico Smart Highway Construction Market
  - 10.1.3.1. Solution breakdown size & forecasts, 2022-2032
  - 10.1.3.2. Deployment breakdown size & forecasts, 2022-2032
  - 10.1.3.3. Technology breakdown size & forecasts, 2022-2032
10.2. Europe Smart Highway Construction Market
- 10.2.1. U.K. Smart Highway Construction Market
  - 10.2.1.1. Solution breakdown size & forecasts, 2022-2032
  - 10.2.1.2. Deployment breakdown size & forecasts, 2022-2032
  - 10.2.1.3. Technology breakdown size & forecasts, 2022-2032
- 10.2.2. Germany Smart Highway Construction Market
  - 10.2.2.1. Solution breakdown size & forecasts, 2022-2032
  - 10.2.2.2. Deployment breakdown size & forecasts, 2022-2032
  - 10.2.2.3. Technology breakdown size & forecasts, 2022-2032
- 10.2.3. France Smart Highway Construction Market
  - 10.2.3.1. Solution breakdown size & forecasts, 2022-2032
  - 10.2.3.2. Deployment breakdown size & forecasts, 2022-2032
  - 10.2.3.3. Technology breakdown size & forecasts, 2022-2032
- 10.2.4. Italy Smart Highway Construction Market
  - 10.2.4.1. Solution breakdown size & forecasts, 2022-2032
  - 10.2.4.2. Deployment breakdown size & forecasts, 2022-2032
  - 10.2.4.3. Technology breakdown size & forecasts, 2022-2032
- 10.2.5. Rest of Europe Smart Highway Construction Market
  - 10.2.5.1. Solution breakdown size & forecasts, 2022-2032
  - 10.2.5.2. Deployment breakdown size & forecasts, 2022-2032
  - 10.2.5.3. Technology breakdown size & forecasts, 2022-2032
10.3. Asia-Pacific Smart Highway Construction Market
- 10.3.1. China Smart Highway Construction Market
  - 10.3.1.1. Solution breakdown size & forecasts, 2022-2032
  - 10.3.1.2. Deployment breakdown size & forecasts, 2022-2032
  - 10.3.1.3. Technology breakdown size & forecasts, 2022-2032
- 10.3.2. Japan Smart Highway Construction Market
  - 10.3.2.1. Solution breakdown size & forecasts, 2022-2032
  - 10.3.2.2. Deployment breakdown size & forecasts, 2022-2032
  - 10.3.2.3. Technology breakdown size & forecasts, 2022-2032
- 10.3.3. India Smart Highway Construction Market
  - 10.3.3.1. Solution breakdown size & forecasts, 2022-2032
  - 10.3.3.2. Deployment breakdown size & forecasts, 2022-2032
  - 10.3.3.3. Technology breakdown size & forecasts, 2022-2032
- 10.3.4. South Korea Smart Highway Construction Market
  - 10.3.4.1. Solution breakdown size & forecasts, 2022-2032
  - 10.3.4.2. Deployment breakdown size & forecasts, 2022-2032
  - 10.3.4.3. Technology breakdown size & forecasts, 2022-2032
- 10.3.5. Rest of Asia Pacific Smart Highway Construction Market
  - 10.3.5.1. Solution breakdown size & forecasts, 2022-2032
  - 10.3.5.2. Deployment breakdown size & forecasts, 2022-2032
  - 10.3.5.3. Technology breakdown size & forecasts, 2022-2032
10.4. Latin America Smart Highway Construction Market
- 10.4.1. Brazil Smart Highway Construction Market
  - 10.4.1.1. Solution breakdown size & forecasts, 2022-2032
  - 10.4.1.2. Deployment breakdown size & forecasts, 2022-2032
  - 10.4.1.3. Technology breakdown size & forecasts, 2022-2032
- 10.4.2. Mexico Smart Highway Construction Market
  - 10.4.2.1. Solution breakdown size & forecasts, 2022-2032
  - 10.4.2.2. Deployment breakdown size & forecasts, 2022-2032
  - 10.4.2.3. Technology breakdown size & forecasts, 2022-2032
- 10.4.3. Rest of Latin America Smart Highway Construction Market
  - 10.4.3.1. Solution breakdown size & forecasts, 2022-2032
  - 10.4.3.2. Deployment breakdown size & forecasts, 2022-2032
  - 10.4.3.3. Technology breakdown size & forecasts, 2022-2032
10.5. Middle East & Africa Smart Highway Construction Market
- 10.5.1. Saudi Arabia Smart Highway Construction Market
  - 10.5.1.1. Solution breakdown size & forecasts, 2022-2032
  - 10.5.1.2. Deployment breakdown size & forecasts, 2022-2032
  - 10.5.1.3. Technology breakdown size & forecasts, 2022-2032
- 10.5.2. South Africa Smart Highway Construction Market
  - 10.5.2.1. Solution breakdown size & forecasts, 2022-2032
  - 10.5.2.2. Deployment breakdown size & forecasts, 2022-2032
  - 10.5.2.3. Technology breakdown size & forecasts, 2022-2032
- 10.5.3. Rest of Middle East & Africa Smart Highway Construction Market
  - 10.5.3.1. Solution breakdown size & forecasts, 2022-2032
  - 10.5.3.2. Deployment breakdown size & forecasts, 2022-2032
  - 10.5.3.3. Technology breakdown size & forecasts, 2022-2032

Chapter 11. Competitive Intelligence

11.1. Key Company SWOT Analysis
- 11.1.2 Company 2
- 11.1.3 Company 3
11.2. Top Market Strategies
11.3. Company Profiles
- 11.3.1. Transstroy India Ltd
  - 11.3.1.1. Key Information
  - 11.3.1.2. Overview
  - 11.3.1.3. Financial (Subject to Data Availability)
  - 11.3.1.4. Product Summary
  - 11.3.1.5. Market Strategies
- 11.3.2. Alcatel-Lucent Enterprise
- 11.3.3. Huawei Technologies Co. Ltd.
- 11.3.4. VINCI Construction
- 11.3.5. IBM Corporation
- 11.3.6. Heijmans N.V.
- 11.3.7. ABB Ltd.
- 11.3.8. Cisco Systems, Inc.
- 11.3.9. Colas Group
- 11.3.10. Nippon Koei Co. Ltd.
- 11.3.11 Siemens AG
- 11.3.12. Schneider Electric
- 11.3.13. Kapsch TrafficCom
- 11.3.14. Indra Sistemas
- 11.3.15. General Electric

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes

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