Smart Highway Market
Smart Highway Market Forecast to 2028COVID-19 Impact and Global Analysis By Technology (Smart Transport Management System, Smart Traffic Management System, Communication System, Monitoring System, and Others) and Component (Hardware and Software)
Smart Highway Market
Current and future Market Scenario
According to our new market research study on “Smart Highway Market to 2028 – Global Analysis and Forecast – by Type, Treatment, and End User,” the market is expected to grow from US$ 24,885.5 million in 2021 to US$ 81,335.6 million by 2028; it is estimated to grow at a CAGR of 18.4% from 2021 to 2028.
Technologies such as ad-hoc mesh Wi-Fi and cellular vehicle-to-everything (C-V2X) keep the drivers informed about the changes in traffic lights and communicate with other vehicles to avoid collisions. Innovations in digital technologies are anticipated to provide lucrative growth opportunities for the smart highway market players during the forecast period. Governments across the world are significantly investing in connected vehicles technologies.
