Smart Highway Market
Smart Highway Market Forecasts to 2030 - Global Analysis By Type (Smart Roads, Smart Traffic Signals, Smart Pavements, Smart Bridges, and Other Types), Technology, Service, Deployment Type, Application, and By Geography
According to Stratistics MRC, the Global Smart Highway Market is accounted for $69.68 billion in 2024 and is expected to reach $221.98 billion by 2030 growing at a CAGR of 21.3% during the forecast period. A smart highway is a road system that has been upgraded with cutting-edge technologies to promote environmental sustainability, safety, and traffic management. These highways incorporate systems such as intelligent traffic signals, connected vehicles, real-time monitoring, and automated road features to optimize traffic flow, reduce congestion, and enhance driver safety. Smart highways may also include electric vehicle charging stations and environmental sensors to monitor air quality and weather conditions, contributing to the overall efficiency and sustainability of transportation networks.
According to the United States Environmental Protection Agency, transportation accounts for approximately 28% of total greenhouse gas emissions in the United States, highlighting the urgent need for sustainable transportation solutions.
Market Dynamics:
Driver:
Rising traffic congestion
Traditional road networks are frequently finding it difficult to meet the demand as urban populations and vehicle numbers rise, which results in traffic jams, lengthier commutes, and higher pollution levels. Congestion can be reduced with the help of smart highway technologies including adaptive signal controls, real-time monitoring, and intelligent traffic management systems. By improving road safety, minimizing delays, and optimizing traffic flow, these technologies increase the effectiveness of transportation networks. The need for smart highways is growing as a result of traffic congestion, which is driving the adoption of these cutting-edge solutions.
Restraint:
Concerns over data privacy
Data privacy issues have a big impact on the smart highway business since integrating cutting-edge technology like connected cars, real-time traffic monitoring, and surveillance systems necessitates gathering enormous volumes of data. The security of personal data, including location information and travel patterns, is called into question by this. Concerns over the storage, sharing, and security of this data are growing among consumers and regulatory agencies. Unless strong cybersecurity safeguards and open data laws are put in place to assure privacy and trust, these privacy issues may cause the public and legislators to oppose smart highway technology, which could hinder their adoption.
Opportunity:
Global smart city initiatives
Smart highways and other smart infrastructure are essential as cities throughout the world strive to become more connected, efficient, and sustainable. In order to improve safety, minimize environmental effect, and optimize traffic management, these programs encourage the incorporation of cutting-edge technology like IoT, AI, and linked cars. To increase urban mobility, governments are spending money on real-time monitoring, electric vehicle charging stations, and intelligent transportation systems. The need for creative smart highway solutions is directly fuelled by the global movement toward smarter cities.
Threat:
Lack of standardization
The lack of standardization in the smart highway market poses a significant challenge to its growth and widespread adoption. Without unified protocols and technologies, different regions and companies may develop incompatible systems, leading to integration issues and inefficiencies. This fragmentation can slow the deployment of smart highways, as infrastructure may not work seamlessly across borders or platforms. Additionally, inconsistent standards can create confusion among stakeholders; increase costs, and delay the development of cohesive solutions. Establishing global standards for smart highway technologies is essential to ensure compatibility, interoperability, and smoother implementation, driving greater adoption and long-term success.
Covid-19 Impact
The COVID-19 pandemic initially disrupted the Smart Highway Market due to supply chain disruptions, project delays, and reduced traffic volumes. However, it also highlighted the critical need for resilient and efficient transportation systems. The pandemic accelerated the focus on technologies that enhance safety, improve traffic flow, and enable remote operations, thereby bolstering the long-term growth prospects of the Smart Highway Market.
The smart pavements segment is expected to be the largest during the forecast period
The smart pavements segment is expected to account for the largest market share during the forecast period, due to the growing need for enhanced road safety, improved traffic management, and sustainable infrastructure. Smart pavements, embedded with sensors and technology, can monitor traffic flow, detect road conditions, and provide real-time data for maintenance, reducing accidents and improving efficiency. Additionally, as cities strive for eco-friendly solutions, smart pavements can contribute to energy savings, environmental monitoring, and the integration of electric vehicle charging infrastructure, further promoting sustainability and advanced urban mobility.
The traffic management segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the traffic management segment is predicted to witness the highest growth rate, due to the rising demand for efficient traffic flow, reduced congestion, and enhanced road safety. Intelligent traffic management systems, powered by sensors, AI, and real-time data analysis, enable better monitoring and control of traffic patterns, reducing delays and optimizing routes. The growing need for sustainable and eco-friendly transportation solutions also boosts the adoption of traffic management technologies, helping reduce emissions. Furthermore, the increasing number of connected vehicles and urbanization pushes the demand for more advanced traffic management solutions.
Region with largest share:
During the forecast period, Asia Pacific region is expected to hold the largest market share, due to rapid urbanization, increasing traffic congestion, and government investments in smart city initiatives. Countries like China, Japan, and India are focusing on advanced infrastructure solutions, such as intelligent traffic management and connected vehicles, to improve mobility and road safety. Additionally, the rise in electric vehicle adoption and environmental concerns further accelerates the demand for smart highways in the region.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to the region's focus on urbanization, sustainability, and enhanced transportation infrastructure. Government investments in smart city initiatives and intelligent transportation systems (ITS) are fueling growth. Additionally, the rise in traffic congestion, the adoption of electric vehicles (EVs), and advancements in connected vehicle technologies are driving demand for smart highways. Public safety, environmental concerns, and technological innovation also play key roles in accelerating market growth.
Key players in the market
Some of the key players profiled in the Smart Highway Market include Siemens AG, Cisco Systems, Inc., Alstom SA, Dynniq, Kapsch TrafficCom AG, Thales Group, Honeywell International Inc., Iteris, Inc., Flir Systems, Inc., SCHNEIDER ELECTRIC, Cubic Corporation, Telenav, Inc., Swarco AG, Agero, Inc., and IBM Corporation.
Key Developments:
In January 2025, Siemens launched Siemens for Startups, a new program to empower early-stage engineering and manufacturing startups. Announced at CES 2025 in Las Vegas, the program will enable new innovative companies to accelerate innovation, streamline development processes and scale faster by providing venture-related services, while reducing the cost of access to Siemens software and hardware.
In January 2025, Thales, KNDS Deutschland, KNDS France and Rheinmetall Landsysteme signed the articles of association for MGCS Project Company GmbH, Cologne, in Paris in the presence of the French Minister of Defence, Sébastien Lecornu, and the German Minister of Defence, Boris Pistorius.
In November 2024, Cisco and NTT DATA partner to empower global mobile workforce with simplified access to 5g connectivity. Cisco and NTT DATA, a leading IT infrastructure and services company, today announce an expanded partnership to transform how global enterprises access wireless connectivity.
Types Covered:
• Smart Roads
• Smart Traffic Signals
• Smart Pavements
• Smart Bridges
• Other Types
Technologies Covered:
• Advanced Traffic Management Systems (ATMS)
• Electric Vehicle (EV) Charging Infrastructure
• Intelligent Transportation Systems (ITS)
• Connected Vehicles
• Vehicle-to-Infrastructure (V2I) Communication
• Smart Lighting Systems
• Roadside Units (RSUs)
• Other Technologies
Services Covered:
• Consultancy Service
• Maintenance and Operation Service
• Managed Service
Deployment Types Covered:
• On-Premise
• Cloud
Displays Covered:
• Variable Message Signs
• Digital Signage
• Other Displays
Applications Covered:
• Safety and Security
• Traffic Management
• Environmental Monitoring
• Road Maintenance
• Electric Vehicle Charging
• Autonomous Vehicles
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Highway Market, By Type
5.1 Introduction
5.2 Smart Roads
5.3 Smart Traffic Signals
5.4 Smart Pavements
5.5 Smart Bridges
5.6 Other Types
6 Global Smart Highway Market, By Technology
6.1 Introduction
6.2 Advanced Traffic Management Systems (ATMS)
6.3 Electric Vehicle (EV) Charging Infrastructure
6.4 Intelligent Transportation Systems (ITS)
6.5 Connected Vehicles
6.6 Vehicle-to-Infrastructure (V2I) Communication
6.7 Smart Lighting Systems
6.8 Roadside Units (RSUs)
6.9 Other Technologies
7 Global Smart Highway Market, By Service
7.1 Introduction
7.2 Consultancy Service
7.3 Maintenance and Operation Service
7.4 Managed Service
8 Global Smart Highway Market, By Deployment Type
8.1 Introduction
8.2 On-Premise
8.3 Cloud
9 Global Smart Highway Market, By Display
9.1 Introduction
9.2 Variable Message Signs
9.3 Digital Signage
9.4 Other Displays
10 Global Smart Highway Market, By Application
10.1 Introduction
10.2 Safety and Security
10.3 Traffic Management
10.4 Environmental Monitoring
10.5 Road Maintenance
10.6 Electric Vehicle Charging
10.7 Autonomous Vehicles
10.8 Other Applications
11 Global Smart Highway Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Siemens AG
13.2 Cisco Systems, Inc.
13.3 Alstom SA
13.4 Dynniq
13.5 Kapsch TrafficCom AG
13.6 Thales Group
13.7 Honeywell International Inc.
13.8 Iteris, Inc.
13.9 Flir Systems, Inc.
13.10 SCHNEIDER ELECTRIC
13.11 Cubic Corporation
13.12 Telenav, Inc.
13.13 Swarco AG
13.14 Agero, Inc.
13.15 IBM Corporation
List of Tables
1 Global Smart Highway Market Outlook, By Region (2022-2030) ($MN)
2 Global Smart Highway Market Outlook, By Type (2022-2030) ($MN)
3 Global Smart Highway Market Outlook, By Smart Roads (2022-2030) ($MN)
4 Global Smart Highway Market Outlook, By Smart Traffic Signals (2022-2030) ($MN)
5 Global Smart Highway Market Outlook, By Smart Pavements (2022-2030) ($MN)
6 Global Smart Highway Market Outlook, By Smart Bridges (2022-2030) ($MN)
7 Global Smart Highway Market Outlook, By Other Types (2022-2030) ($MN)
8 Global Smart Highway Market Outlook, By Technology (2022-2030) ($MN)
9 Global Smart Highway Market Outlook, By Advanced Traffic Management Systems (ATMS) (2022-2030) ($MN)
10 Global Smart Highway Market Outlook, By Electric Vehicle (EV) Charging Infrastructure (2022-2030) ($MN)
11 Global Smart Highway Market Outlook, By Intelligent Transportation Systems (ITS) (2022-2030) ($MN)
12 Global Smart Highway Market Outlook, By Connected Vehicles (2022-2030) ($MN)
13 Global Smart Highway Market Outlook, By Vehicle-to-Infrastructure (V2I) Communication (2022-2030) ($MN)
14 Global Smart Highway Market Outlook, By Smart Lighting Systems (2022-2030) ($MN)
15 Global Smart Highway Market Outlook, By Roadside Units (RSUs) (2022-2030) ($MN)
16 Global Smart Highway Market Outlook, By Other Technologies (2022-2030) ($MN)
17 Global Smart Highway Market Outlook, By Service (2022-2030) ($MN)
18 Global Smart Highway Market Outlook, By Consultancy Service (2022-2030) ($MN)
19 Global Smart Highway Market Outlook, By Maintenance and Operation Service (2022-2030) ($MN)
20 Global Smart Highway Market Outlook, By Managed Service (2022-2030) ($MN)
21 Global Smart Highway Market Outlook, By Deployment Type (2022-2030) ($MN)
22 Global Smart Highway Market Outlook, By On-Premise (2022-2030) ($MN)
23 Global Smart Highway Market Outlook, By Cloud (2022-2030) ($MN)
24 Global Smart Highway Market Outlook, By Display (2022-2030) ($MN)
25 Global Smart Highway Market Outlook, By Variable Message Signs (2022-2030) ($MN)
26 Global Smart Highway Market Outlook, By Digital Signage (2022-2030) ($MN)
27 Global Smart Highway Market Outlook, By Other Displays (2022-2030) ($MN)
28 Global Smart Highway Market Outlook, By Application (2022-2030) ($MN)
29 Global Smart Highway Market Outlook, By Safety and Security (2022-2030) ($MN)
30 Global Smart Highway Market Outlook, By Traffic Management (2022-2030) ($MN)
31 Global Smart Highway Market Outlook, By Environmental Monitoring (2022-2030) ($MN)
32 Global Smart Highway Market Outlook, By Road Maintenance (2022-2030) ($MN)
33 Global Smart Highway Market Outlook, By Electric Vehicle Charging (2022-2030) ($MN)
34 Global Smart Highway Market Outlook, By Autonomous Vehicles (2022-2030) ($MN)
35 Global Smart Highway Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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