Global Smart Highway Market Size & Outlook, 2023-2030
Global smart highway market, 2018-2030 (US$M)
Global smart highway market highlights
- The global smart highway market generated a revenue of USD 57,450.0 million in 2023 and is expected to reach USD 198,252.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 19.4% by 2030.
- In terms of segment, intelligent transport management system accounted for a revenue of USD 57,450.0 million in 2023.
- Intelligent Transport Management System is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 57,450.0 million |
| Market revenue in 2030 | USD 198,252.6 million |
| Growth rate | 19.4% (CAGR from 2023 to 2030) |
| Largest segment | Intelligent transport management system |
| Fastest growing segment | Intelligent Transport Management System |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Intelligent Transport Management System |
Other key industry trends
- In terms of revenue, the North America accounted for 43.1% of the global smart highway market in 2023.
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Smart Highway Market Scope
Smart Highway Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global smart highway market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart highway market will help companies and investors design strategic landscapes.
Intelligent transport management system was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global smart highway market based on intelligent transport management system covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Smart Highway Technology Outlook (Revenue, USD Million, 2018-2030)
- Intelligent Transport 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
- Intelligent Transport Management System
- Global Smart Highway Displays Outlook (Revenue, USD Million, 2018-2030)
- Variable Message Signs
- Digital Signage
- Others
- Global Smart Highway Deployment Outlook (Revenue, USD Million, 2018-2030)
- Cloud
- On-Premises
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Target buyers of Global smart highway market databook
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Our clientele includes a mix of smart highway market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global smart highway market , including forecasts for subscribers. This global databook contains high-level insights into Global smart highway market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global smart highway market size, by regions, 2018-2030 (US$M)
Related regional statistics
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