Concerns Regarding Road Safety to Fuel Growth of Smart Highway Market

Published On : 12 Dec 2016

QYResearchReports.com has announced the addition of a new market intelligence report to its repository. The research publication is titled, “Global Smart Highway Market 2016 Industry, Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2021.” The market intelligence study provides insights into the growth trajectory of the global smart highway market in terms of volume and revenue. The study also describes the predominant trends and the important elements that are expected to impact the growth of the market in a positive or negative way. The report investigates into the strategies, shares, and product portfolio of the key companies operating in the global smart highway market. 

Leading companies have introduced new ideas regarding the construction of smart highways keeping in mind the rising need for pollution free, less time consuming, reliable, congestion free, and safe roads. Smart highways are deployed to combat the inconvenience caused to travelers. The deployment of smart and innovative technologies such as Intelligent Transport Systems (ITS), Lane Departure Warning System (LDW), Variable Message Signs, and Electronic Toll Collection (ETC) results in the achievement of a smart highway. 

These smart highways generally involve smart computing technologies, smart monitoring systems, and sensors which are connected to one monitoring unit. Furthermore, these highways are also installed to bring into use technologies like solar and wind energy, for checking the state of the roads and highways, and utilization of solar energy. Smart highways also comprise photovoltaic pavements meant for lighting the side lanes, driveways, foot paths, and parking lots on the highways by utilizing solar energy. Battery operated vehicles and vehicle charging facilities are also included in the services of a smart highway. Likewise, to melt the extra frost and snow from the roads in cold regions, smart highways also comprise snow and frost melting machines. 

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It has been projected that the number of vehicles along with the population will be double by the end of 2020. However, the area allotted for highways is quite limited. To combat these, transportation companies and highway authorities are focusing on providing smart highway services and solutions. Governments across the world are supporting highway technology suppliers and vendors by providing incentives and investing in the smart highway projects. The state transportation departments and highway agencies are responsible for monitoring the operations of the smart highways. 

The growth of the global smart highway market can be attributed to the need for advanced and improved highways for better transportation, reduction in traffic congestion, and rising government initiatives. However, the market is likely to be negatively affected by the underdeveloped infrastructure of developing economies and the unwillingness of many authorities to adopt advanced transportation ways. The companies operating in the market are Huawei Technologies, Xerox, International Business Machine (IBM), Schneider Electric, CISCO Sytems, LG CSN, Kapsch, Siemens, Indra, and Alcatel-Lucent. 

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