Smart Highway Market by Technology (Intelligent Transportation Management, Intelligent Traffic Management, Communication, Monitoring), and by Display (Variable Message Signs, Digital Signage) - Global Forecast to 2019
[123 Pages Report] The global smart highway market is estimated to grow from $12,564.4million in 2014 to $27,992.0million in 2019, at a Compound Annual Growth Rate (CAGR) of 17.4% during the forecast period.
The population and vehicles on road is expected to double by 2020 whereas; the area allocated for highways is limited. So, the lack of convenient, safe, pollution frees, and congestion free is the concern for all the countries. To resolve these situations, industries are coming up with new technologies to meet them in existing and future years. Many smart city projects are coming across different regions which are one of the driving factors for highway industry. Thus, transportation companies are providing intelligent highway solution and services to enable smart city projects,. The government is also supporting the highway technology vendors and suppliers companies through investments to support them in developing new technologies and products. Also, they are redefining less stringent laws so that the companies can easily deploy them. Highway agencies and state departments of transportation are in authority for the operation, maintenance and new improvement of road infrastructures. While operating the highway infrastructures it becomes very difficult to connect various sub-segments with the consistent communications network. Thus, the industries are coming forward to deploy innovative Intelligent Transport Systems (ITS) which will support to lessen traffic flow and improve safety and security.
The Smart Highway Market research report provides a comprehensive examination of market drivers, restraints and opportunities. The drivers include need of better and sustainable highways, demand for safer roads and reduction in traffic congestion, and government initiatives. The restraints cover lack of governmental funding, underdeveloped infrastructures, and unwilling to adopt new ways of highways transportation. The opportunities include deployment of advanced technologies and huge investments in infrastructure developments.
This report majorly focuses on types of technology, displays and service which are provided in Smart Highway Market. The market has been broadly segmented by types of technology, service, displays, deployments and regions. This report focuses on the major drivers which have helped this market to gain foothold. This report also covers the latest upcoming technologies which are adding to smart highway ecosystem such as interactive wind-powered lights and wireless electric vehicle charging for advance highways.
The notable market players in this domain include Alcatel Lucent, Indra, Siemens AG, LG CNS and Kapsch AG. The report on smart highway also provides in-depth analysis of the key players in technology and service ecosystems with their profiles, recent developments, key issues, global adoption trends, opportunities in Smart Highway Market and future growth potential.
This research report categorizes the global Smart Highway Market to forecast the revenues and analyze the trends in each of the following submarkets.
Market by technology:
- Intelligent Transportation Management System
- Lane Departure Warning System (LDW)
- Automatic Number Plate Recognition (ANPR)
- Incident Detection System
- Radio Frequency Identification (RFID)
- Intelligent Traffic Management System
- Electronic Toll collection System
- Global navigation Satellite System (GNSS)/Global Positioning System (GPS)
- Real-Time Traffic Management
- Communication System
- Radio Network
- Emergency Network
- Data Network
- Monitoring System
- Traffic Measurement
- Weather Management
- Video Surveillance
Market by displays:
- Variable Message Signs
- Digital Signage
- Others
Market by service:
- Consultancy Service
- Maintenance and Operation Service
- Managed Service
Market by deployments:
- On-premise
- On-cloud
Market by regions:
- North America
- Europe
- Asia-Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America (LA)
The constant improvements in the computer technologies and systems have changed the quality of travel and transportation. The technologies are ranging from advance vehicle systems to the intelligent traffic management systems. The concept of smart highway is to minimize the traffic congestion, reduce the road accidents, and minimize the travel time. The technologies which are implemented in the smart highway are lane departure warning (LWD) system, automatic number plate recognition (ANPR), incident detection system (IDS), and many more. The deployment of the smart highway technologies is reinforced by the government in collaboration with the top players such as Alcatel-Lucent, Kapsch AG, LG CNS, and others which offer these technologies and many more solutions.
The Smart Highway Market report highlights the key trends, market size, and forecasts of emerging technologies for the highway transportation industry. The report also emphasizes key global adoption trends, future growth potential of sub-markets, key drivers, competitive outlook, restraints, and opportunities for the market.
In smart highway report, the market is segmented into technology, services, displays, deployments and regions. The technology are further divided into intelligent transportation management system, intelligent traffic management system, communication system and monitoring system. The intelligent transportation management system constitutes of technology lane departure warning system (LDW), automatic number plate recognition system (ANPR), incident detection system and radio frequency identification (RFID). The service is further divided into consultancy service, maintenance and operation service, and managed service. The displays are further divided into variable message signs, digital signage and others. The deployments are further divided into on-premise and on-cloud.
Smart Highway Market is divided on the basis of geographies which include North America (NA), Europe, Asia Pacific (APAC), Middle East (MEA), and Latin America. The major market players in this domain include Alcatel Lucent, Indra, Cisco, Schneider Electric, Siemens, IBM, Kapsch, TrafficCom, Xerox, LG CNS and Huawei. The report on smart highway also provides in-depth analysis of the key players in solutions and services ecosystems with their profiles, recent developments, key issues, global adoption trends, opportunities in market and future growth potential. The global Smart Highway Market is estimated to grow from $12,564.4million in 2014 to $27,992.0million in 2019, at a Compound Annual Growth Rate (CAGR) of 17.4% during the forecast period.
Smart Highway Market Size, by Types, 2014-2019 ($Million)
Source: MarketsandMarkets Analysis
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Markets Covered
1.3 Stakeholders
1.4 Market Scope
2 Research Methodology (Page No. - 15)
2.1 Market Size Estimation
2.2 Market Crackdown & Data Triangulation
2.2.1 Key Data Taken From Secondary Sources
2.2.2 Key Data Taken From Primary Sources
2.2.2.1 Key Industry Insights
2.2.3 Assumptions
3 Executive Summary (Page No. - 21)
4 Premium Insights (Page No. - 23)
4.1 Attractive Market Opportunities in Smart Highway
4.2 Asia-Pacific Command Over One-Fifth of the Market Size For 2014
4.3 Asia-Pacific is Expected to Have Highest CAGR During the Forecast Period 2014-2019
4.4 Life Cycle Analysis, By Region
5 Smart Highway Market Overview (Page No. - 27)
5.1 Market Definition
5.2 Market Evolution
5.3 Market Segmentation
5.3.1 Smart Highway, By Technology
5.3.2 Smart Highway, By Service
5.3.3 Smart Highway, By Display
5.3.4 Smart Highway, By Deployment
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Need For Better and Sustainable Highways
5.4.1.2 Demand For Safer Roads and Reduction in Traffic Congestion
5.4.1.3 Government Initiatives
5.4.2 Restraints
5.4.2.1 Underdeveloped Infrastructures
5.4.2.2 Unwilling to Adopt New Ways of Transportation
5.4.3 Opportunities
5.4.3.1 Deployment of Advance Technologies
5.4.3.2 Increasing Investment in Infrastructure Development
5.4.4 Challenges
5.4.4.1 Increase in Environmental Impact
6 Industry Trends (Page No. - 35)
6.1 Introduction
6.2 Value Chain Analysis
6.3 Porters Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry
6.4 Strategic Benchmarking
6.4.1 Product Enhancement and Expansions
7 Smart Highway Market, By Technology (Page No. - 39)
7.1 Introduction
7.2 Intelligent Transportation Management System
7.2.1 Lane Departure Warning (LDW) System
7.2.2 Automatic Number Plate Recognition (ANPR)
7.2.3 Incident Detection System (IDS)
7.2.4 Radio Frequency Identification (RFID)
7.3 Intelligent Traffic Management System
7.3.1 Electronic toll Collection (ETC) System
7.3.2 Global Navigation Satellite System (GNSS)/Global Positioning System (GPS)
7.3.3 Real-Time Traffic Management System
7.4 Communication System
7.4.1 Radio Network
7.4.2 Emergency Network
7.4.3 Data Network
7.5 Monitoring System
7.5.1 Traffic Measurement
7.5.2 Weather Management
7.5.3 Video Surveillance
8 Smart Highway Market, By Display (Page No. - 60)
8.1 Introduction
8.2 Variable Message Signs
8.3 Digital Signage
8.4 Others
9 Smart Highway Market, By Deployment (Page No. - 66)
9.1 Introduction
9.2 On Premise
9.3 On Cloud
10 Smart Highway Market, By Service (Page No. - 71)
10.1 Introduction
10.2 Managed Service
10.3 Maintenance and Operation Service
10.4 Consultancy Service
11 Smart Highway Market, By Region (Page No. - 77)
11.1 Introduction
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 Latin America
12 Competitive Landscape (Page No. - 85)
12.1 Overview
12.2 Competitive Situation & Trends
12.2.1 New Product Launches
12.2.2 Agreements, Partnerships, Collaborations, & Joint Ventures
12.2.3 Mergers & Acquisitions
13 Company Profiles (Page No. - 91)
(Overview, Products & Services, Strategies & Insights, Developments and Mnm View)*
13.1 Introduction
13.2 Alcatel-Lucent
13.3 Indra
13.4 Siemens AG
13.5 Kapsch AG
13.6 LG CSN
13.7 CISCO Systems, Inc.
13.8 Schneider Electric
13.9 International Business Machine (IBM)
13.1 Xerox Corporation
13.11 Huawei Technologies Co., Ltd.
*Details on Overview, Products & Services, Strategies & Insights, Developments and Mnm View Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 116)
14.1 Discussion Guide
14.2 Introducing RT: Real-Time Market Intelligence
14.3 Available Customizations
14.4 Related Reports
List of Tables (75 Tables)
Table 1 Smart Highway Market Size, By Types, 20142019 ($Million)
Table 2 Need For Better and Sustainable Highways is Driving the Market
Table 3 Weak Infrastructure is Restraining the Market
Table 4 Smart Highway Market Size , By Technology, 20142019 ($Million)
Table 5 Smart Highway: Market Growth, By Technology, 20142019 (Y-O-Y %)
Table 6 Intelligent Transportation Management System Market Size, By Technology, 20142019 ($Million)
Table 7 Intelligent Transportation Management System Market Size, By Technology 20152019, (Y-O-Y %)
Table 8 Intelligent Transportation Management System Market Size, By Region, 20142019 ($Million)
Table 9 Intelligent Transportation Management System Market Size, By Deployment 20142019 ($Million)
Table 10 Lane Departure Warning (Ldw) System Market Size, By Region, 20142019 ($Million)
Table 11 Lane Departure Warning (Ldw) System Market Size, By Deployment, 20142019 ($Million)
Table 12 Automatic Number Plate Recognition (Anpr) Market Size, By Region, 20142019 ($Million)
Table 13 Automatic Number Plate Recognition (Anpr) Market Size, By Deployment, 20142019 ($Million)
Table 14 Incident Detection System (IDS) Market Size, By Region, 20142019 ($Million)
Table 15 Incident Detection System (IDS) Market Size, By Deployment, 20142019 ($Million)
Table 16 Radio Frequency Identification (Rfid) Market Size, By Region, 20142019 ($Million)
Table 17 Radio Frequency Identification (Rfid) Market Size, By Deployment, 20142019 ($Million)
Table 18 Intelligent Traffic Management System Market Size, By Technology, 20142019 ($Million)
Table 19 Intelligent Traffic Management System, By Technology, 20152019 (Y-O-Y %)
Table 20 Intelligent Traffic Management System Market Size, By Region, 20142019 ($Million)
Table 21 Intelligent Traffic Management System Market Size, By Deployment, 20142019 ($Million)
Table 22 Electronic Toll Collection System Market Size, By Region, 20142019 ($Million)
Table 23 Global Navigation Satellite System (Gnss)/ Global Positioning System (Gps) Market Size, By Region, 20142019 ($Million)
Table 24 Real-Time Traffic Management System Market Size, By Region, 20142019 ($Million)
Table 25 Communication System Market Size, By Technology, 20142019 ($Million)
Table 26 Communication System Market Growth, By Technology, 20152019 (Y-O-Y %)
Table 27 Communication System Market Size, By Region, 20142019 ($Million)
Table 28 Communication System, Market Size, By Deployment, 20142019 ($Million)
Table 29 Radio Network Market Size, By Region, 20142019 ($ Miilion)
Table 30 Emergency Network Market Size, By Region 20142019 ($Million)
Table 31 Data Network Market Size, By Region, 20142019 ($Million)
Table 32 Monitoring System Market Size, By Technology, 20142019 ($Million)
Table 33 Monitoring System, Market Growth, By Technology, 20152019, (Y-O-Y %)
Table 34 Monitoring System Market Size, By Region, 20142019 ($Million)
Table 35 Monitoring System, Market Size, By Deployment, 20142019 ($Million)
Table 36 Traffic Measurement Market Size, By Region, 20142019 ($Million)
Table 37 Weather Management Market Size, By Region, 20142019 ($Million)
Table 38 Video Surveillance Market Size, By Region, 20142019 ($Million)
Table 39 Smart Highway Market Size, By Display, 20142019 ($Million)
Table 40 Smart Highway: Market Growth, By Display, 20152019 (Y-O-Y %)
Table 41 Variable Message Signs Market Size, By Region, 20142019 ($Million)
Table 42 Variable Message Signs Market Growth, By Region, 20152019 (Y-O-Y %)
Table 43 Digital Signage Market Size, By Region, 20142019 ($Million)
Table 44 Digital Signage Market Growth, By Region, 20152019 (Y-O-Y %)
Table 45 Others Market Size, By Region, 20142019 ($Million)
Table 46 Others Market Growth, By Region, 20152019 (Y-O-Y %)
Table 47 Smart Highway: Market Size, By Deployment, 20142019 ($Million)
Table 48 Smart Highway Market Growth, By Deployment, 20152019 (Y-O-Y %)
Table 49 On Premise Market Size, By Service, 20142019 ($Million)
Table 50 On-Premise Market Growth, By Service, 20152019 (Y-O-Y %)
Table 51 On Cloud Market Size, By Service, 20142019 ($Million)
Table 52 On Cloud Market Growth, By Service, 20152019 (Y-O-Y %)
Table 53 Smart Highway: Market Size, By Service, 20142019 ($Million)
Table 54 Smart Highway: Market Growth, By Service, 20152019 (Y-O-Y %)
Table 55 Managed Service Market Size, By Region, 20142019 ($Million)
Table 56 Managed Service Market Growth, By Region, 20152019 (Y-O-Y %)
Table 57 Maintenance and Operation Service Market Size, By Region, 20142019 ($Million)
Table 58 Maintenance and Operation Service Market Growth, By Region, 20152019 (Y-O-Y %)
Table 59 Consultancy Service Market Size, By Region, 20142019 ($Million)
Table 60 Consultancy Service Market Growth, By Region, 20152019 (Y-O-Y %)
Table 61 Smart Highway Market Size, By Region, 20142019 ($Million)
Table 62 Smart Highway: Market Growth, By Region, 20152019 (Y-O-Y %)
Table 63 North America Market Size, By Type, 2014 2019 ($Million)
Table 64 North America Market Growth, By Type, 2015 2019 (Y-O-Y %)
Table 65 Europe Market Size, By Type, 20142019 ($Million)
Table 66 Europe Market Growth, By Type, 20152019 (Y-O-Y %)
Table 67 Asia-Pacific Market Size, By Type, 20142019 ($Million)
Table 68 Asia-Pacific Market Growth, By Type, 20152019 (Y-O-Y %)
Table 69 Middle East and Africa Market Size, By Type, 20132019 ($Million)
Table 70 Middle East and Africa Market Growth, By Type, 20152019 (Y-O-Y %)
Table 71 Latin America Market Size, By Type, 20142019 ($Million)
Table 72 Latin America Market Growth, By Type, 20152019 (Y-O-Y %)
Table 73 New Product Launches 20112014
Table 74 Agreement, Partnerships, Collaborations, & Joint Ventures, 20112014
Table 75 Mergers & Acquisitions, 20112014
List of Figures (43 Figures)
Figure 1 Global Smart Highway Market: Research Methodology
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Break Down of Primary Interviews By Company Type, Designation, & Region
Figure 5 Smart Highway Market Snapshot (2014 Vs 2019): Intelligent Transportation Management System is Expected to Maintain Largest Share
Figure 6 Smart Highway Market Size, 20142019 ($Million)
Figure 7 Attractive Market Opportunities
Figure 8 Asia-Pacific Command Over One-Fifth of the Market Size For 2014
Figure 9 Asia-Pacific is Expected to Have Highest CAGR During the Forecast Period 20142019
Figure 10 Asia-Pacific Soon to Expand Exponentially in Growth Phase in Coming Years 2014-2019
Figure 11 Smart Highway Market Evolution
Figure 12 Market Segmentation: By Technology
Figure 13 Value Chain Analysis
Figure 14 Porters Five Forces Analysis
Figure 15 Strategic Benchmarking: Alcatel-Lucent, Indra, Kapsch AG, Lgcns and Siemens Have Launched New Solutions and Technology For Product Enhancement 2012-2014
Figure 16 Monitoring System Market Size is Expected to Grow At A High CAGR During the Forecast Period 2014-2019
Figure 17 Automatic Number Plate Recognition (Anpr) Market Size is Expected to Grow At Highest CAGR During the Forecast Period 20142019
Figure 18 Real-Time Traffic Management System Market Size is Expected to Grow At Highest CAGR During Forecast Period 20142019
Figure 19 Emergency Network Market Size is Expected to Grow At A High CAGR During Forecast Period 2014-2019
Figure 20 Weather Management Market Size is Expected to Grow At A High CAGR During Forecast Period 20142019
Figure 21 Digital Signage Market Size is Expected to Grow At A High CAGR During Forecast Period 20142019
Figure 22 On Cloud Deployment Market Size is Expected to Grow At A High CAGR During Forecast Period 20142019
Figure 23 Consultancy Service Market Size is Expected to Grow At A High CAGR During Forecast Period 20142019
Figure 24 The Asia-Pacific Market Size is Expected to Grow By 25.6% During Forecast Period 20142019
Figure 25 Companies Adopted New Product Development As their Key Growth Strategy For 20122014
Figure 26 Battle For Market Share: New Product Launch is the Key Strategy
Figure 27 Geographic Revenue Mix of the top Five Market Players
Figure 28 Smart Highway Market Share Analysis
Figure 29 Alcatel-Lucent: Business Overview
Figure 30 Alcatel-Lucent: SWOT Analysis
Figure 31 Indra: Business Overview
Figure 32 Indra: SWOT Analysis
Figure 33 Siemens AG: Business Overview
Figure 34 Siemens AG: SWOT Analysis
Figure 35 Kapsch AG: Business Overview
Figure 36 Kapsch AG: SWOT Analysis
Figure 37 LG CSN: Business Overview
Figure 38 LG CSN: SWOT Analysis
Figure 39 CISCO Systems, Inc.: Business Overview
Figure 40 Schneider Electric: Business Overview
Figure 41 IBM: Business Overview
Figure 42 Xerox Corporation: Business Overview
Figure 43 Huawei Technologies: Business Overview
Growth opportunities and latent adjacency in Smart Highway Market