Albany, NY -- (SBWIRE) -- 04/18/2019 -- The demand within the global market for smart highway has been rising at a stellar pace on account of multiple trends and dynamics. Smart highways are extending across the lengths and breadths of several regions and countries over the past decade. These highways are meant to develop a robust roadway sector across the world. There have been a number of initiatives to equip roads with smart technologies in order to popularise automated vehicles. Smart highways not only provide enhanced driving experiences but also help in installing other smart technologies. There is a stellar demand for smart highways across the emerging economies as roadways play a key role in national growth.

The investment index of the global smart highway market is projected to improve in the years to come. Roadways attract substantial investments from multiple stakeholders, and this factor needs to be considered while gauging the growth dynamics of the global market for smart highway. Furthermore, the government also invests heavily in developing a robust net of public roads. This in turn results in the inflow of voluminous revenues into the global market for smart highway. There is a stellar demand for improved infrastructure across the world, and this factor could be a key launch pad for the growth of the global market for smart highway.

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This article by MRR.BIZ on the global market for smart highway is a deft representation of key demand drivers. The article has been drafted after analyzing the trends prevailing in the domain of public infrastructure. Moreover, the article also redefines the approach of the public sector towards developing better roadways.

1.Energy Efficiency of Smart Highways

The need for energy optimization and resource planning has been rising across all the regional pockets. This factor has played a major role in the growth of the global market for smart highway in recent times. Smart highways are installed with solar lighting systems that help in illuminating the highways during night time. Moreover, these highways are equipped with radium signs for traffic signals which has in turn popularised them. Besides this, smart highways can be lined with smart sensors to gauge the speed of vehicles. Considering the aforementioned factors, it is safe to prognosticate that the global market for smart highway would grow at a skyrocketing pace.

2.Popularity of Automated Vehicles

The global market for smart highway has also expanded alongside advancements in the automotive sector. The inception of smart, automated, and driverless vehicles necessitates the presence of proper infrastructure that can help in manoeuvring these vehicles. This factor has also played a major role in propelling demand within the global market for smart highway. Besides this, infrastructural developments in emerging countries shall also aid the growth of the global smart highway market.

Global Smart Highway Market: Regional Outlook

In terms of the geography, the global market for smart highway can be classified into North America, the Middle East and Africa, Europe, Asia Pacific, and South America. The uptake of smart highways is significantly high in North America, thanks to the presence of developed economies and high investments by government. Asia Pacific, on the other hand, is anticipated to emerge as the most promising market in the near future, with the rising adoption of latest technology in infrastructural development.

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Companies Mentioned in the Report

Some of the leading companies in the global market for smart highways are Indra, Alcatel-Lucent, Siemens AG, LG CSN, Kapsch AG, Schneider Electric, CISCO Systems Inc., Xerox Corp., International Business Machine (IBM), and Huawei Technologies Co. Ltd. These players are aggressively involving into partnerships and alliances to remain relevant into the highly competitive environment of this market.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:
-Tailwinds and headwinds molding the market's trajectory
-Market segments based on products, technology, and applications
-Prospects of each segment
-Overall current and possible future size of the market
-Growth pace of the market
-Competitive landscape and key players' strategies

The main aim of the report is to:
-Enable key stakeholder's in the market bet right on it
-Understand the opportunities and pitfalls awaiting them
-Assess the overall growth scope in the near term
-Strategize effectively with respect to production and distribution

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