Increase in the number of vehicles among emerging countries, rise in road traffic injuries, surge in international trade among the developing nations, improvements in smart city initiatives propel the growth of the global smart highway market. The emergence of smart vehicles and rise in advance technology in the transportation industry are expected to create number of opportunities for the key players in the industry.

The global smart highway industry garnered $23.67 billion in 2018, and is estimated to reach $92.38 billion by 2026, growing at a CAGR of 18.7% from 2019 to 2026.

Key industry players – IBM Corporation, Huawei Technologies Co. Ltd., LG CSN, Honeywell International Inc., ABB Ltd, ALE International, AT&T Inc., Cisco System Inc., Schneider Electric SE, and Siemens AG. 

The global smart highway market is segmented on the basis of component, deployment model, technology, and region.

Based on the region, Asia-Pacific held the major share in 2018, generating more than one-third of the global smart highway market. In addition, the same region is also projected to cite the fastest CAGR of 21.3% by 2026. Furthermore, the report also analyzes regions including Europe, LAMEA, and North America.

Download Sample Report (Get Full Insights in PDF – 294 Pages) at:

Based on components, the segment is bifurcated in hardware and services. The hardware segment accounted for nearly three-fifths of the global smart highway market share in 2018 and is expected to retain its dominance throughout the forecast period. On the other hand, the services segment would portray the fastest CAGR of 22.9% during 2019 to 2026.

Based on deployment, the market is divided into on-premise and cloud. The on-premise segment contributed to nearly three-fifths of the global smart highway market revenue in 2018 and is anticipated to lead the trail from 2019 to 2026. However, the cloud segment is anticipated to manifest the fastest CAGR of 22.3% during the estimated period.

For Purchase Enquiry:

Covid-19 Scenarios-

  • Due to global lockdown, the plans and investments concerning smart highways have been put on a hold.
  • However, owing to economic benefits the initiatives and projects have been reinitiated by the government bodies.

Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Leave a comment

Your email address will not be published. Required fields are marked *