스마트 하이웨이 시장 규모, 점유율, 성장 분석 : 컴포넌트별, 기술별, 디스플레이별, 도입별, 서비스별, 지역별 - 산업 예측(2025-2032년)

Global Smart Highway Market size was valued at USD 56.45 billion in 2023 and is poised to grow from USD 65.88 billion in 2024 to USD 226.62 billion by 2032, growing at a CAGR of 16.7% during the forecast period (2025-2032).

The global smart highway market is surging, driven by the rising adoption of intelligent transportation systems and the urgent need for safer, more efficient road infrastructure. A key factor propelling this market is the demand for effective traffic management solutions, as escalating urbanization and vehicle numbers lead to significant congestion challenges. Smart highways provide advanced traffic monitoring and control capabilities, such as real-time traffic updates, intelligent signaling, and adaptive traffic management systems, all designed to enhance traffic flow efficiency and alleviate congestion. Governments and transportation authorities across the globe are increasingly investing in smart highway initiatives to address these traffic-related issues, further propelling the market's expansion and innovation.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Smart Highway market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Smart Highway Market Segmental Analysis

Global Smart Highway Market is segmented by Component, Technology, Displays, Deployments, Service and region. Based on Component, the market is segmented into Hardware, Software and Service. Based on Technology, the market is segmented into Intelligent Transportation Management System, Intelligent Traffic Management System, Communication System and Monitoring System. Based on Displays, the market is segmented into Variable Message Signs, Digital Signage and Others. Based on Deployments, the market is segmented into On-premise and On-cloud. Based on Service, the market is segmented into Consultancy Service, Maintenance and Operation Service and Managed Service. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Smart Highway Market

The Global Smart Highway market is being significantly driven by the increasing emphasis on sustainable transportation solutions. As awareness of environmental issues grows, there is a heightened demand for advanced roadway systems that support eco-friendly practices. Smart highways incorporate various innovative technologies, including intelligent lighting, electric vehicle charging infrastructure, and renewable energy utilization. These features not only enhance the efficiency of road networks but also encourage the use of greener transportation methods. By prioritizing sustainability, smart highways play a crucial role in shaping the future of transportation, aligning with global efforts to reduce carbon footprints and promote environmental responsibility.

Restraints in the Global Smart Highway Market

Global Smart Highway aims to revolutionize transportation through advanced technology and infrastructure but must navigate several constraints. Key challenges include the high costs associated with implementing smart systems, ensuring cybersecurity to protect sensitive data from threats, and achieving interoperability among diverse technologies and stakeholders. Additionally, regulatory frameworks must be developed to address privacy concerns and data ownership, while public acceptance and user adoption remain crucial for success. Environmental considerations should guide the integration of these systems, promoting sustainability without compromising infrastructure resilience. Balancing innovation with these constraints is essential for the effective deployment of Global Smart Highways worldwide.

Market Trends of the Global Smart Highway Market

The Global Smart Highway market is experiencing significant growth, driven by the surge in connected vehicle adoption. As vehicles increasingly communicate with each other and surrounding infrastructure, there is a marked improvement in traffic flow and a reduction in accidents. This trend is bolstered by rising availability and affordability of connected vehicles, alongside heightened consumer demand for enhanced safety, convenience, and entertainment features. As urban transportation systems evolve, smart highways equipped with advanced technologies such as IoT, AI, and real-time data analytics are becoming critical to manage this integration, ultimately fostering a safer and more efficient travel environment.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Technological Advancement

Global Smart Highway Market Size by Component & CAGR (2025-2032)

• Market Overview
• Hardware
• Software
• Service

Global Smart Highway Market Size by Technology & CAGR (2025-2032)

• Market Overview
• 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

Global Smart Highway Market Size by Displays & CAGR (2025-2032)

• Market Overview
• Variable Message Signs
• Digital Signage
• Others

Global Smart Highway Market Size by Deployments & CAGR (2025-2032)

• Market Overview
• On-premise
• On-cloud

Global Smart Highway Market Size by Service & CAGR (2025-2032)

• Market Overview
• Consultancy Service
• Maintenance and Operation Service
• Managed Service

Global Smart Highway Market Size & CAGR (2025-2032)

• North America (Component, Technology, Displays, Deployments, Service)
  • US
  • Canada
• Europe (Component, Technology, Displays, Deployments, Service)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Component, Technology, Displays, Deployments, Service)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Component, Technology, Displays, Deployments, Service)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Component, Technology, Displays, Deployments, Service)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• Siemens AG (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cisco Systems, Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Schneider Electric SE (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• IBM Corporation (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Indra Sistemas S.A. (Spain)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Infineon Technologies AG (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LG CNS Co., Ltd. (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Huawei Technologies Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Alcatel-Lucent Enterprise (Nokia Corporation) (Finland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Panasonic Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Honeywell International Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Xerox Corporation (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SAP SE (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• AT&T Intellectual Property (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Swarco AG (Austria)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Itron, Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Iteris, Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Econolite Group, Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations