China smart highway market is predicted to grow considerably at a CAGR of 23.2% during the forecast period (2021-2027). The growth factors for the China smart highway market includes development of smart highway projects in major cities, immense development in the field of autonomous cars, growing penetration of advanced technologies. Rapid urbanization that seeks development of transportation routes to minimize traffic over highways, increase in infrastructure development funding by public authorities along with specific interest over smart cities development are some other factors that are contributing to the market growth. Besides this, China’s unique nature as a rising nation seeking status as a developed one gives it immense opportunity to implement smart technologies which in turn is anticipated to drive the growth of China smart highway market.
China smart highway market is segmented based on technology, deployment type and service. Based on technology, the smart highway market is segmented into intelligent traffic management system, intelligent transportation management system, monitoring system, and communication system. Based on the deployment type, the market is segmented into on-premise and cloud. Based on service, the market is segmented into consultancy service, maintenance & operation service, and managed service.
Cisco Systems Inc., IBM Corp., ABB Ltd., 3M Co., and AT & T Inc., among others are some of the key players operating in the China smart highway market. These market players are adopting various growth strategies such as technological advancement, partnerships, collaborations, mergers & acquisitions among others to sustain a strong position in the market. For instance, in February 2019, Chinese state-owned telecommunication company China Mobile has announced the development of 5G smart highway project in Wuhan in Hubei provinceBy development of this smart highway, the China Mobile company intends to collect real-time traffic information, make AI-assisted forecasts using the data, which will support driverless cars.
Research Methodology
The market study of the China smart highway market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the China Smart Highway Industry
• Recovery Scenario of China Smart Highway Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. China Smart Highway Market, By Technology
5.1.1. Intelligent Transportation Management System
5.1.2. Intelligent Traffic Management System
5.1.3. Communication System
5.1.4. Monitoring System
5.2. China Smart Highway Market, By Deployment Model
5.2.1. On-Premise
5.2.2. Cloud
5.3. China Smart Highway Market, By Service
5.3.1. Consultancy Services
5.3.2. Maintenance & Operation Services
5.3.3. Managed Services
6. Company Profiles
6.1. 3M Co.
6.2. ABB Ltd.
6.3. AT & T Inc.
6.4. Beijing Wanji Technology Co., Ltd.
6.5. China Hualu group Co., Ltd.
6.6. China United Network Communications Group Co., Ltd.
6.7. Cisco Systems Inc.
6.8. Cohda Wireless Pty Ltd.
6.9. Commsignia, Inc.
6.10. Huawei Technologies, Inc.
6.11. IBM Corp.
6.12. iSmartWays Technology Inc.
6.13. LeiShen Intelligent System Co., LTD.
6.14. Shenzhen Genvict Technologies Co. Ltd.
6.15. SureKAM Corp.
6.16. ZTE Corp.
1. CHINA SMART HIGHWAY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027($ MILLION)
2. CHINA SMART HIGHWAY MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2020-2027($ MILLION)
3. CHINA SMART HIGHWAY MARKET RESEARCH AND ANALYSIS BY SERVICE, 2020-2027($ MILLION)
1. IMPACT OF COVID-19 ON CHINA SMART HIGHWAY MARKET, 2020-2027($ MILLION)
2. IMPACT OF COVID-19 ON CHINA SMART HIGHWAY MARKET BY SEGMENT, 2020-2027($ MILLION)
3. RECOVERY OF CHINA SMART HIGHWAY MARKET, 2021-2027(%)
4. CHINA SMART HIGHWAY MARKET SHARE BY TECHNOLOGY, 2020 VS 2027(%)
5. CHINA SMART HIGHWAY MARKET SHARE BY DEPLOYMENT MODEL, 2020 VS 2027(%)
6. CHINA SMART HIGHWAY MARKET SHARE BY SERVICE, 2020 VS 2027(%)
7. CHINA SMART HIGHWAY MARKET SIZE, 2020-2027($ MILLION)