Market Trends

Smart Highway Market  Overview   The global  Smart Highway   market is  expected to reach $79.0 billion by 2026, growing at a CAGR 18.8% during the forecast period 2021-2026.  Factors such as clean energy consumption, transport efficiency, wireless vehicle charging, improved safety, traffic management, convenient and hassle-free driving are geared up to drive the Smart Highway industry growth. An increase in the number of consumers buying private vehicles and rise in road accidents along with technological developments such as AI, IoT and others have paved the way for developing advanced smart highways thus, enlarging the smart highway market share. Further climate target plans are being set by countries across the world to curb the ever-increasing toxic emissions which in turn will propel the market growth for smart highways in the forecast period 2021-2026. In addition to this, a major switch to electric vehicles, vehicle to everything system and intelligent transport systems such a