Global Smart Highway Market: Market Research by Knowledge Sourcing Intelligence
The global smart highway market is projected to expand at a decent CAGR over the forecast period. Smart highway refers to the road/highways, incorporated with different advanced technologies to ensure an easily manageable and sustainable flow of traffic. It is specifically deployed to fill in the gap of inconvenience caused to the commuters. The growing population and fatal accidents have led to the deployment of smart highway solutions. Moreover, an increasing focus on providing safe and sustainable road infrastructure in driving the global smart highway market. Simultaneously, the incorporation of advanced technologies such as Electronic Toll Collection System (ETC), lane driving warning system (LDW), and incident detection system in the transportation sector has further boosted the market for smart highways. Furthermore, increasing government initiatives and regulations in deploying the smart highways, the advancement of technology, and growing traveling time for bu...