Asia-Pacific Smart Highway Market Growth, Size, Share, Industry Report and Forecast 2021-2027
Asia-Pacific smart highway market is anticipated to grow at a CAGR of 20.4% during the forecast period (2021-2027). The rapid development of smart highways across the country owing to the growing interest of public and private authorities is a key factor driving the growth of the smart highway market across the region. In February 2021, Indian PM Narendra Modi has laid the foundation stone of the Integrated Command and Control Centre, and Smart Roads Project in Thiruvananthapuram. With investment cost of $58.5 million the smart road project, envisages converting 37 km of existing roads in Thiruvananthapuram to world-class smart roads by bringing all overhead utilities underneath and undertaking road and junction improvements.
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Further in May 2018, PM Narendra Modi has inaugurated India's first
smart and green highway, the 135 km long Kundli-Ghaziabad-Palwal (KGP)
Expressway (Eastern Peripheral Expressway). The Eastern Peripheral Expressway
is a green highway that is being lit by solar power and at every 500 metres, as
there are eight solar power plants on this Expressway, with a capacity of 4000
KW (4 megawatt) for lighting of the underpasses and running solar pumps for
watering plants and also having arrangement for rainwater harvesting on both
sides at every 500 meters and there is drip irrigation for plants all along the
expressway. Such type of transportation development across the region is paving
way for the growth of smart highway market across the region.
·
The
market number available for – 2020-2027
·
Base
year- 2020
·
Forecast
period- 2021-2027
Segment
Covered-
·
By
Technology
·
By
Deployment Model
·
By
Service
·
Competitive
Landscape- ABB Ltd., 3M Co., AT & T Inc., Cisco Systems Inc., IBM
Corp.
A
full Report of Asia-Pacific Smart Highway Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-smart-highway-market
·
Intelligent
Transportation Management System
·
Intelligent
Traffic Management System
·
Communication
System
·
Monitoring
System
By Deployment
Model
·
On-Premise
·
Cloud
By Service
·
Consultancy
Services
·
Maintenance
& Operational Services
·
Managed
Services
Asia-Pacific
Smart Highway Market Report Segment by Region
·
China
·
India
·
South
Korea
·
Japan
Rest of
Asia-Pacific
Company
Profiles
·
3M Co.
·
ABB
Ltd.
·
AT
& T Inc.
·
Beijing
Wanji Technology Co., Ltd.
·
China
Hualu group Co., Ltd.
·
China
United Network Communications Group Co., Ltd.
·
Cisco
Systems Inc.
·
Cohda
Wireless Pty Ltd.
·
Commsignia,
Inc.
·
Huawei
Technologies, Inc.
·
IBM
Corp.
·
iSmartWays
Technology Inc.
·
LeiShen
Intelligent System Co., LTD.
·
Shenzhen
Genvict Technologies Co. Ltd.
·
SureKAM
Corp.
·
ZTE
Corp.
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