The article cited AMA's "Global Smart Highways Market Study" explored CAGR of 19.05%. According to the report, Rising Trend of Intelligent Transportation Systems to Reduce Green House Gas Emission and Fuel Consumption is one of the primary growth factors for the market. Increasing Government Initiatives for Better and Sustainable Highways
is also expected to contribute significantly to the Smart Highways market. Overall, applications of Smart Highways, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Intelligent Traffic Management System, such as Electronic Toll Collection (ETC) System, is boosting the Smart Highways market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Management System Type, such as Intelligent Transport Management System, is boosting the Smart Highways market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Intelligent Transportation Management System, such as Lane Departure Warning (LDW) System, is boosting the Smart Highways market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Monitoring System, such as Traffic Measurement, is boosting the Smart Highways market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Service Type, such as Consultancy Services, is boosting the Smart Highways market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Communication System, such as Radio Network, is boosting the Smart Highways market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Display, such as Variable Message Signs, is boosting the Smart Highways market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Smart Highways market identified that the demand is rising in many different parts of the world as "Increasing Investment in Transportation Infrastructure across the Globe
". Furthermore, some recent industry insights like "On February 13, 2019, China had announced lunch of first 5G smart highway. In this project, China will test the self-driving system and new project offers real-time monitoring of traffic. The new highway is the first 5G highway which is embedded with latest technologies such as cloud computing, big data, Internet of Things and artificial intelligence." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Smart Highways market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Smart Highways market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.