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However, lack of technical knowledge, lack of awareness about smart highways among drivers and time taking construction process are the factors that are limiting the market. Whereas, the rising trend of intelligent transportation systems to reduce greenhouse gas emission and fuel consumption have been supplementing the overall growth of the market. In addition to this, increasing government initiatives for better and sustainable highways and rising demand for safer roads and traffic control management system due to increasing road accident are the major driving factors for the market. Also, rising new technologies such as cloud computing, big data, Internet of Things and artificial intelligence have been making highways smarter than before. The smart highway has a real-time monitoring system to manage the traffic.
The smart highway can be defined as a highway that embedded with smart technologies and has an advanced infrastructure. The study explored is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.įree Sample Report + All Related Graphs & Charts Ltd (South Korea), Schneider Electric SE (France), Xerox Corporation (United States), etc. (United States), IBM Corporation (United States), Indra Sistemas SA (Spain), Infineon Technologies AG (Germany), LG CNS Co.
(United States), Alcatel-Lucent S.A (France), Siemens AG (Germany), Cisco Systems Inc. At present, the market players are strategizing and overcoming challenges of current scenario some of the key players in the study are Intelligent Highway Solutions Inc. The market Study is segmented by key regions that are accelerating the marketization. Latest added Smart Highways Market research study by AMA Research offers detailed outlook and elaborates market review till 2027.
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