Smart highway construction aims to incorporate technologies to make highway roads safer, smarter, and more energy efficient; and to generate electricity by harnessing solar, wind, and vibration energy. The electricity, so produced, can be utilized to charge electric vehicles, power street lamps, and can be used to power traffic monitoring systems.
The government funding segment accounted for the major shares and dominated the global smart highway construction market during 2017. A large number of countries are increasingly focusing on the construction of smart highways as a sustainable solution to limit GHG emissions and promote the usage of electric vehicles. Since, the construction of smart highways involves a number of benefits such as shorter trip time, reduced traffic congestion, fewer traffic accidents, and reduced carbon emissions, more countries will increase their funding for the construction of the smart highways during the next few years.

Market Analysis and Insights: Global Smart Highway Construction Market
The global Smart Highway Construction market size is projected to reach US$ XX million by 2027, from US$ XX million in 2020, at a CAGR of XX% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Smart Highway Construction market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Smart Highway Construction market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Smart Highway Construction market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Smart Highway Construction market.

Global Smart Highway Construction Scope and Market Size
Smart Highway Construction market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Smart Highway Construction market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Photovoltaic Pavement
Wireless Vehicle Charging
Frost Protection and Melting Snow, Ice
Road Markings
Others

Segment by Application
Government Funding
Others Funding

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Continental Engineering
Heijmans
IBM
Cisco
Nippon Koei
Transstroy
VINCI Construction
ABB
Alcatel-Lucent
Colas
Huawei Technologies
Indra