The global smart highway market size was valued at $23.67 billion in 2018, and is projected to reach $92.38 billion by 2026, growing at a CAGR of 18.7% from 2019 to 2026. Smart Highways are installed to integrate technologies such as developing solar energy with photovoltaic pavements, refining the operation of transport vehicles, and for …
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Smart Highway Market Set to Witness an Uptick Growth by 2026
An increase in the number of vehicles among emerging countries, a rise in road traffic injuries, a surge in international trade among the developing nations, and an improvement in smart city initiatives propel the growth of the global smart highway market. However, high initial and maintenance cost and a dearth of technical know-how impede the …
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Smart Highway Market 2022 | Top Impacting Factors That Could Escalate Market’s Rapid Growth in Future
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 …