스마트 하이웨이 시장 예측( -2030년) : 유형별, 기술별, 서비스별, 전개 방식별, 용도별, 지역별 세계 분석

According to Stratistics MRC, the Global Smart Highway Market is accounted for $69.68 billion in 2024 and is expected to reach $221.98 billion by 2030 growing at a CAGR of 21.3% during the forecast period. A smart highway is a road system that has been upgraded with cutting-edge technologies to promote environmental sustainability, safety, and traffic management. These highways incorporate systems such as intelligent traffic signals, connected vehicles, real-time monitoring, and automated road features to optimize traffic flow, reduce congestion, and enhance driver safety. Smart highways may also include electric vehicle charging stations and environmental sensors to monitor air quality and weather conditions, contributing to the overall efficiency and sustainability of transportation networks.

According to the United States Environmental Protection Agency, transportation accounts for approximately 28% of total greenhouse gas emissions in the United States, highlighting the urgent need for sustainable transportation solutions.

Market Dynamics:

Driver:

Rising traffic congestion

Traditional road networks are frequently finding it difficult to meet the demand as urban populations and vehicle numbers rise, which results in traffic jams, lengthier commutes, and higher pollution levels. Congestion can be reduced with the help of smart highway technologies including adaptive signal controls, real-time monitoring, and intelligent traffic management systems. By improving road safety, minimizing delays, and optimizing traffic flow, these technologies increase the effectiveness of transportation networks. The need for smart highways is growing as a result of traffic congestion, which is driving the adoption of these cutting-edge solutions.

Restraint:

Concerns over data privacy

Data privacy issues have a big impact on the smart highway business since integrating cutting-edge technology like connected cars, real-time traffic monitoring, and surveillance systems necessitates gathering enormous volumes of data. The security of personal data, including location information and travel patterns, is called into question by this. Concerns over the storage, sharing, and security of this data are growing among consumers and regulatory agencies. Unless strong cybersecurity safeguards and open data laws are put in place to assure privacy and trust, these privacy issues may cause the public and legislators to oppose smart highway technology, which could hinder their adoption.

Opportunity:

Global smart city initiatives

Smart highways and other smart infrastructure are essential as cities throughout the world strive to become more connected, efficient, and sustainable. In order to improve safety, minimize environmental effect, and optimize traffic management, these programs encourage the incorporation of cutting-edge technology like IoT, AI, and linked cars. To increase urban mobility, governments are spending money on real-time monitoring, electric vehicle charging stations, and intelligent transportation systems. The need for creative smart highway solutions is directly fuelled by the global movement toward smarter cities.

Threat:

Lack of standardization

The lack of standardization in the smart highway market poses a significant challenge to its growth and widespread adoption. Without unified protocols and technologies, different regions and companies may develop incompatible systems, leading to integration issues and inefficiencies. This fragmentation can slow the deployment of smart highways, as infrastructure may not work seamlessly across borders or platforms. Additionally, inconsistent standards can create confusion among stakeholders; increase costs, and delay the development of cohesive solutions. Establishing global standards for smart highway technologies is essential to ensure compatibility, interoperability, and smoother implementation, driving greater adoption and long-term success.

Covid-19 Impact

The COVID-19 pandemic initially disrupted the Smart Highway Market due to supply chain disruptions, project delays, and reduced traffic volumes. However, it also highlighted the critical need for resilient and efficient transportation systems. The pandemic accelerated the focus on technologies that enhance safety, improve traffic flow, and enable remote operations, thereby bolstering the long-term growth prospects of the Smart Highway Market.

The smart pavements segment is expected to be the largest during the forecast period

The smart pavements segment is expected to account for the largest market share during the forecast period, due to the growing need for enhanced road safety, improved traffic management, and sustainable infrastructure. Smart pavements, embedded with sensors and technology, can monitor traffic flow, detect road conditions, and provide real-time data for maintenance, reducing accidents and improving efficiency. Additionally, as cities strive for eco-friendly solutions, smart pavements can contribute to energy savings, environmental monitoring, and the integration of electric vehicle charging infrastructure, further promoting sustainability and advanced urban mobility.

The traffic management segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the traffic management segment is predicted to witness the highest growth rate, due to the rising demand for efficient traffic flow, reduced congestion, and enhanced road safety. Intelligent traffic management systems, powered by sensors, AI, and real-time data analysis, enable better monitoring and control of traffic patterns, reducing delays and optimizing routes. The growing need for sustainable and eco-friendly transportation solutions also boosts the adoption of traffic management technologies, helping reduce emissions. Furthermore, the increasing number of connected vehicles and urbanization pushes the demand for more advanced traffic management solutions.

Region with largest share:

During the forecast period, Asia Pacific region is expected to hold the largest market share, due to rapid urbanization, increasing traffic congestion, and government investments in smart city initiatives. Countries like China, Japan, and India are focusing on advanced infrastructure solutions, such as intelligent traffic management and connected vehicles, to improve mobility and road safety. Additionally, the rise in electric vehicle adoption and environmental concerns further accelerates the demand for smart highways in the region.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to the region's focus on urbanization, sustainability, and enhanced transportation infrastructure. Government investments in smart city initiatives and intelligent transportation systems (ITS) are fueling growth. Additionally, the rise in traffic congestion, the adoption of electric vehicles (EVs), and advancements in connected vehicle technologies are driving demand for smart highways. Public safety, environmental concerns, and technological innovation also play key roles in accelerating market growth.

Key players in the market

Some of the key players profiled in the Smart Highway Market include Siemens AG, Cisco Systems, Inc., Alstom SA, Dynniq, Kapsch TrafficCom AG, Thales Group, Honeywell International Inc., Iteris, Inc., Flir Systems, Inc., SCHNEIDER ELECTRIC, Cubic Corporation, Telenav, Inc., Swarco AG, Agero, Inc., and IBM Corporation.

Key Developments:

In January 2025, Siemens launched Siemens for Startups, a new program to empower early-stage engineering and manufacturing startups. Announced at CES 2025 in Las Vegas, the program will enable new innovative companies to accelerate innovation, streamline development processes and scale faster by providing venture-related services, while reducing the cost of access to Siemens software and hardware.

In January 2025, Thales, KNDS Deutschland, KNDS France and Rheinmetall Landsysteme signed the articles of association for MGCS Project Company GmbH, Cologne, in Paris in the presence of the French Minister of Defence, Sebastien Lecornu, and the German Minister of Defence, Boris Pistorius.

In November 2024, Cisco and NTT DATA partner to empower global mobile workforce with simplified access to 5g connectivity. Cisco and NTT DATA, a leading IT infrastructure and services company, today announce an expanded partnership to transform how global enterprises access wireless connectivity.

Types Covered:

• Smart Roads
• Smart Traffic Signals
• Smart Pavements
• Smart Bridges
• Other Types

Technologies Covered:

• Advanced Traffic Management Systems (ATMS)
• Electric Vehicle (EV) Charging Infrastructure
• Intelligent Transportation Systems (ITS)
• Connected Vehicles
• Vehicle-to-Infrastructure (V2I) Communication
• Smart Lighting Systems
• Roadside Units (RSUs)
• Other Technologies

Services Covered:

• Consultancy Service
• Maintenance and Operation Service
• Managed Service

Deployment Types Covered:

• On-Premise
• Cloud

Displays Covered:

• Variable Message Signs
• Digital Signage
• Other Displays

Applications Covered:

• Safety and Security
• Traffic Management
• Environmental Monitoring
• Road Maintenance
• Electric Vehicle Charging
• Autonomous Vehicles
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Smart Highway Market, By Type

• 5.1 Introduction
• 5.2 Smart Roads
• 5.3 Smart Traffic Signals
• 5.4 Smart Pavements
• 5.5 Smart Bridges
• 5.6 Other Types

6 Global Smart Highway Market, By Technology

• 6.1 Introduction
• 6.2 Advanced Traffic Management Systems (ATMS)
• 6.3 Electric Vehicle (EV) Charging Infrastructure
• 6.4 Intelligent Transportation Systems (ITS)
• 6.5 Connected Vehicles
• 6.6 Vehicle-to-Infrastructure (V2I) Communication
• 6.7 Smart Lighting Systems
• 6.8 Roadside Units (RSUs)
• 6.9 Other Technologies

7 Global Smart Highway Market, By Service

• 7.1 Introduction
• 7.2 Consultancy Service
• 7.3 Maintenance and Operation Service
• 7.4 Managed Service

8 Global Smart Highway Market, By Deployment Type

• 8.1 Introduction
• 8.2 On-Premise
• 8.3 Cloud

9 Global Smart Highway Market, By Display

• 9.1 Introduction
• 9.2 Variable Message Signs
• 9.3 Digital Signage
• 9.4 Other Displays

10 Global Smart Highway Market, By Application

• 10.1 Introduction
• 10.2 Safety and Security
• 10.3 Traffic Management
• 10.4 Environmental Monitoring
• 10.5 Road Maintenance
• 10.6 Electric Vehicle Charging
• 10.7 Autonomous Vehicles
• 10.8 Other Applications

11 Global Smart Highway Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 Siemens AG
• 13.2 Cisco Systems, Inc.
• 13.3 Alstom SA
• 13.4 Dynniq
• 13.5 Kapsch TrafficCom AG
• 13.6 Thales Group
• 13.7 Honeywell International Inc.
• 13.8 Iteris, Inc.
• 13.9 Flir Systems, Inc.
• 13.10 SCHNEIDER ELECTRIC
• 13.11 Cubic Corporation
• 13.12 Telenav, Inc.
• 13.13 Swarco AG
• 13.14 Agero, Inc.
• 13.15 IBM Corporation