|
Home > Software News:
|
Watch News Feed
Bestsellers Software
|
(I-SoftwareNews.Com, October 06, 2021 )
Market Overview
Smart highways and roads are the types of roadways that exploit the technological advances in the field of electronics and ICT (Information and Communications Technology) to resolve the issues of current transportation. A road that monitors the traffic flow through a centralized monitoring system and provides solutions to ensure effective transportation is an instance of a smart highway.
View full report: https://bit.ly/3mrtQxC
Market Dynamics
The global market of smart highways is affected by drivers like the need for better and sustainable highways, increasing demand for smart cities, support by the government in developing better transportation methods, increasing vehicular population, innovation in information and communication technologies.
Need for better and sustainable highways
One of the major problems faced by commuters daily is traffic congestion. According to TT Traffic Index 2019 report, traffic congestion has gone up globally for the last decade and so has the opportunity cost of extra-time spend on the road by people.
The most congested cities in the world are Mumbai in India, with 65% extra time spent in traffic by its drivers, followed by Bogota in Colombia with the percentage to be 63%, Lima in Peru with 58%, New Delhi in India with 58% and Moscow in Russia (56%).
Another problem faced by commuters is traffic accidents. According to the World Health Organization report on traffic,2020, approximately 1.35 million people die each year as a result of road traffic crashes, road traffic crashes cost most countries 3% of their gross domestic product, and road traffic injuries are the leading cause of death for children and young adults aged 5-29 years.
It can be solved to a significant extent by incorporating technology in vehicles and roadways. By integrating Networking and Machine Learning technology in traffic lights, the roads become smart enough to respond to real-time demand.
One use case is when the traffic in certain roads intersections is uncontrollably higher than other connecting roads. Smart traffic lights can collect and analyze real-time data to cooperate with other traffic signals on the same road and maximize the road capacity.
For instance, Barcelona has adopted the Dynamic Forecasting System which has two aspects Parking management and traffic control cameras that try to improve traffic congestion. There are sensors installed at parking spots and video with analytics that provide real-time data on parking availability, which are transmitted through the city’s Wi-Fi infrastructure, linking devices belonging to the end-user and local authorities.
Traffic control cameras are connected by fiber optics to the transport authority to monitor traffic in real-time, providing the control center means to increase or reduce the frequency of green lights according to the traffic conditions.
Another purpose that integration of ICT (Information and Communications Technologies) and electronic technologies accomplish is avoiding and increasing response time to accidents on the highways.
A substantial number of accidents are caused due to vehicles especially trucks being overweight and traveling at non-permissible speeds. Weigh-in-motion (WIM) devices are installed at entry points which collects the weights and size of the vehicles, thus alerting the highway system of the potential threat. Sensors lined on highways are used to detect accidents.
The Eastern peripheral expressway in India which is the first and only finished smart highway project in India has WIMs installed at every entry point with two gates one leading to the expressway and the other for a U-turn. This application of WIMs has considerably reduced the frequency of accidents in contrast to other national highways where the traffic congestion is comparable.
Segmentation
By Component
• Software for the Smart Highways Industry
• Hardware
• Services
By Deployment Model
• Cloud-based
• On-Premise
By Technology
• Intelligent Transportation Management System
• Traffic management system
• Communication System
Download free sample: https://bit.ly/3iBPQVw
Geographical Analysis
In terms of region, the global smart highways market is divided into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the market. It is expected to grow at the highest CAGR during the forecasted period due to advanced technology and raise government investment for sustainable development with growing traffic followed by the Europe region. According to a report by Forbes, 2020, six of the ten smartest cities in the world are located in North America and Europe.
For instance, in 2018, Eberle Design Inc, a US-based manufacturer, and developer of electronic intersection monitoring and detection products for the traffic launched a traffic data aggregator called iCITE® Data Aggregator – an innovative way to collect and analyze traffic safety metrics for more intelligent traffic management. The useful interpretation of the data collected into real-time information provides for effective action by traffic engineers.
According to the Urban Institute of Brooking Institution Tax Policy Center Organization in 2017, the United States state and local governments have spent around USD 181 billion on the development of highways. Approximately 6 percent of direct general spending on roads and highways development includes smart devices and software expenditure.
Competitive Analysis
The global market of smart highways has many key corporations including ABB Ltd, ALE International, AT&T Inc., Cisco System Inc., IBM Corporation, Huawei Technologies Co. Ltd., LG CSN, Honeywell International Inc., Schneider Electric SE, and Siemens AG.
The different growth strategies adopted by the companies include product launches, improving relations with the state and central government, initiating environment-friendly projects, and various others. The broad array of technological products that are launched from time to time and the opportunities available due to a wide spectrum of problems make the market highly competitive.
A US-based start-up called SURTRAC creates software that aims to reduce traffic congestion, waiting time and decrease pollution in urban cities. One city which has witnessed these results is Quincy, Massachusetts where the software is installed in around 20 busiest intersections. With the success of examples like Quincy, the federal and state transport authority is looking forward to installing SURTRAC (name of the software) in highly populated cities.
In the Netherlands, a construction company called Heijmans developed a cheaper solution to ensure safety on the highways by deploying glowing lines as a pilot project. The roads are painted with a certain chemical that charges during the day and glows for around 8 hours during the night acting as the partition of the roads and borders on the curves of steep slopes. A solution that uses minimal resources attracts contracts from the government.
Related Topic's
Smart Transportation Market, Transportation Industry Market, Mobility Aids and Transportation Equipment Market, China Road and Rail Transportation Market, Waterway Transportation Software and Services Market
DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
|
|
|
|
|
I-SoftwareNews.Com Sponsors
|
|
|
|
|
