US smart highway market is predicted to grow considerably at a CAGR of 14.8% during the forecast period (2021-2027). The development of smart city projects across the US, immense development in the field of autonomous cars, growing penetration of advanced technologies in field of transportation are some of the key factors driving the growth of the US smart highway market. The Ray an 18 mile stretch highway of interstate in the state of Georgia of the US is one of the major instances of smart highway in the country. 

The Ray offers an interesting model for transport planners and policymakers across the US. High infrastructure development funding by public authorities to develop smart highways across the US is further aiding to the market growth. For instance, in September 2020, Colombia’s highway authority Invías has launched a $15 million tender to develop a “smart highway” monitoring network that will cover 2,400km of roads across the country.

US 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 US 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. 

Research Methodology

The market study of the US 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

• Financial reports of companies involved in the market.
• Whitepapers, researchpapers, and news blogs.
• Company websites and their product catalog.

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

1. US Smart highway Market Research and Analysis by Technology
2. US Smart highway Market Research and Analysis by Deployment Model
3. US Smart highway Market Research and Analysis by Service

The Report Covers

• Comprehensive research methodology of the US smart highway market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the US smart highway market.
• Insights about market determinants that are stimulating the US smart highway market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.