How big is the Smart Highway Market?

The Smart Highway Market size is expected to reach USD 55.80 billion in 2024 and grow at a CAGR of 19.85% to reach USD 137.98 billion by 2029. Read More

What is the current Smart Highway Market size?

In 2024, the Smart Highway Market size is expected to reach USD 55.80 billion. Read More

Which is the fastest growing region in Smart Highway Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Smart Highway Market?

In 2024, the North America accounts for the largest market share in Smart Highway Market. Read More

What years does this Smart Highway Market cover, and what was the market size in 2023?

In 2023, the Smart Highway Market size was estimated at USD 44.72 billion. The report covers the Smart Highway Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smart Highway Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Smart Highway Market Report | Industry Analysis, Size & Forecast Insights

Smart Highway Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Smart Highway Market Report is Segmented by Product Technology (Smart Transport Management, Smart Traffic Management, Communication, Monitoring Systems, and Services) and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers the Market Size and Forecasts in Value (USD) for all the Above Segments.

Smart Highway Industry Overview

The smart highway market is highly fragmented, with the presence of major players like Alcatel-Lucent Enterprise (Nokia Corporation), Cisco Systems Inc., IBM Corporation, Indra Sistemas SA, and Infineon Technologies AG. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

May 2024: Applied Information Inc. and Curruix Vision LLC announced a strategic partnership to provide new, enhanced traffic insights and proactive safety solutions to increasingly complex traffic management environments. The strategic partnership will combine their technical strengths by integrating Curruix Vision’s smart city ITS intersection AI technology into Applied Information’s intelligent city supervisory platform, Applied Information Glance.
February 2024: Actelis Networks Inc., a cyber-secure, fast-deployment networking solution for Internet of Things (IoT) applications, deployed a hybrid fiber-to-the-premises (H2P) connectivity solution at several of Napa’s busiest traffic junctions. Actelis' local partner, Econolite, ordered and installed the solution. Econolite and Actelis completed an ATMS upgrade project at the city’s busiest intersections.