DUBLIN, Oct. 31, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Smart Highway Market by Technology, and by Display - Global Forecast to 2019" report to their offering.
The constant improvements in the computer technologies and systems have changed the quality of travel and transportation. The technologies are ranging from advance vehicle systems to the intelligent traffic management systems. The concept of smart highway is to minimize the traffic congestion, reduce the road accidents, and minimize the travel time.
The technologies which are implemented in the smart highway are lane departure warning (LWD) system, automatic number plate recognition (ANPR), incident detection system (IDS), and many more. The deployment of the smart highway technologies is reinforced by the government in collaboration with the top players such as Alcatel-Lucent, Kapsch AG, LG CNS, and others which offer these technologies and many more solutions.
The smart highway market report highlights the key trends, market size, and forecasts of emerging technologies for the highway transportation industry. The report also emphasizes key global adoption trends, future growth potential of sub-markets, key drivers, competitive outlook, restraints, and opportunities for the market.
In smart highway report, the market is segmented into technology, services, displays, deployments and regions. The technology are further divided into intelligent transportation management system, intelligent traffic management system, communication system and monitoring system.
The intelligent transportation management system constitutes of technology lane departure warning system (LDW), automatic number plate recognition system (ANPR), incident detection system and radio frequency identification (RFID). The service is further divided into consultancy service, maintenance and operation service, and managed service. The displays are further divided into variable message signs, digital signage and others. The deployments are further divided into on-premise and on-cloud.
This market is divided on the basis of geographies which include North America (NA), Europe, Asia Pacific (APAC), Middle East (MEA), and Latin America. The major market players in this domain include Alcatel Lucent, Indra, Cisco, Schneider Electric, Siemens, IBM, Kapsch, TrafficCom, Xerox, LG CNS and Huawei.
The report on smart highway also provides in-depth analysis of the key players in solutions and services ecosystems with their profiles, recent developments, key issues, global adoption trends, opportunities in market and future growth potential. The global smart highway market is estimated to grow from $12,564.4million in 2014 to $27,992.0million in 2019, at a Compound Annual Growth Rate (CAGR) of 17.4% during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Smart Highways Market, By Technology
8 Smart Highways Market, By Display
9 Smart Highways Market, By Deployment
10 Smart Highways Market, By Service
11 Smart Highways Market, By Region
12 Competitive Landscape
13 Company Profiles
- CISCO Systems, Inc.
- Huawei Technologies Co., Ltd.
- International Business Machine (IBM)
- Kapsch AG
- LG CSN
- Schneider Electric
- Siemens AG
- Xerox Corporation
For more information visit http://www.researchandmarkets.com/research/3x2849/smart_highway
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SOURCE Research and Markets