Asia Pacific Smart Highway Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology (Smart Transport Management System, Smart Traffic Management System, Communication System, Monitoring System, and Others) and Component (Hardware and Software)
The smart highway market in Asia Pacific is expected to grow from US$ 6,461.08 million in 2021 to US$ 21,943.94 million by 2028; it is estimated to grow at a CAGR of 19.1% from 2021 to 2028.
A sustainable highway enables societal development and economic growth and reduces negative impacts on the environment. There is an increasing demand for making roads interactive, using light, energy, and information that interact with the traffic. In 2015, the Indian government launched the Green Highways (Plantation, Transplantation, and Beautification & Maintenance) Policy, intending to promote the greening of highway corridors with the community, farmers, private sector, and NGOs, and government institutions. The project also incorporates a robust monitoring mechanism using satellite systems. The Green Highway Policy is an initiative to make India pollution-free and curtail the number of road accidents in India. Advancements in the eco-friendly national highway corridors with the collaboration of the private sectors and government institutions are anticipated to pave the way towards sustainable development.
The COVID-19 that emerged in China has affected several neighboring countries such as India, South Korea, and Japan, among others. The impact of COVID-19 has significantly affected the smart highway market in 2020. The imposition of a ban on commercial activities has disrupted the industrial supply chains in Asia Pacific region, leading to raw material shortages. The smart highway solutions include various semiconductor components such as cameras and sophisticated systems comprising multiple components, and most of these components are produced in China and other countries of Asia Pacific which were badly affected by the pandemic. There are also restrictions on international trade as lockdowns are imposed on the borders of countries. All these have limited the transportation and travelling on road which has limited the growth of the market in the region in year 2020.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific smart highway market. The Asia Pacific smart highway market is expected to grow at a good CAGR during the forecast period.
Asia Pacific Smart Highway Market Revenue and Forecast to 2028 (US$ Million) 
Asia Pacific Smart Highway Market Segmentation
Asia Pacific Smart Highway Market – By Technology
- Smart Transport Management System
- Smart Traffic Management System
- Communication System
- Monitoring System
- Others
Asia Pacific Smart Highway Market – By Component
- Hardware
- Software
Asia Pacific Smart Highway Market – By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of APAC
Asia Pacific Smart Highway Market – Companies Mentioned
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Kapsch TrafficCom AG
- Nokia Coropration
- Siemens AG
- Conduent, Inc.
- Toshiba Corporation
- Nippon Koei, Co., Ltd.
- Telegra
- IBI Group
Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Smart Highway Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Asia Pacific Smart highway Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Burgeoning Demands for Sustainable Highways to Reduce Traffic Issues
5.1.2 Surging Integration of Traffic Control Centers and Route Guidance Systems
5.2 Key Market Restraints
5.2.1 Deprivation of Supporting Infrastructure, Unawareness, and Unwillingness to Adopt New Ways
5.3 Key Market Opportunities
5.3.1 Raising Digital Reality and Mobility Innovation
5.4 Future Trends
5.4.1 Arrival of Smart City Concepts
5.5 Impact Analysis of Drivers And Restraints
6. Asia Pacific Smart Highway Market Analysis
6.1 Asia Pacific Smart highway Market Overview
6.2 Asia Pacific Smart Highway Market Revenue Forecast and Analysis
7. Asia Pacific Smart highway Market Analysis – By Technology
7.1 Overview
7.2 Asia Pacific Smart highway Market, By Technology
7.3 Smart Transport Management System
7.3.1 Overview
7.3.2 Smart transport management system: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
7.4 Smart Traffic Management System
7.4.1 Overview
7.4.2 Smart Traffic Management System: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
7.5 Communication System
7.5.1 Overview
7.5.2 Communication System: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
7.6 Monitoring System
7.6.1 Overview
7.6.2 Monitoring System: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
8. Asia Pacific Smart highway Market Analysis – By Component
8.1 Overview
8.2 Asia Pacific: Smart highway Market, By Component
8.3 Hardware
8.3.1 Overview
8.3.2 Hardware: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
8.4 Software
8.4.1 Overview
8.4.2 Software: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
9. Asia Pacific Smart highway Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Smart highway Market, By Country
9.1.1.1 Australia: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Smart highway Market, By Technology
9.1.1.1.2 Australia: Smart highway Market, By Component
9.1.1.2 China: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Smart highway Market, By Technology
9.1.1.2.2 China: Smart highway Market, By Component
9.1.1.3 India: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Smart highway Market, By Technology
9.1.1.3.2 India: Smart highway Market, By Component
9.1.1.4 Japan: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Smart highway Market, By Technology
9.1.1.4.2 Japan: Smart highway Market, By Component
9.1.1.5 South Korea: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Smart highway Market, By Technology
9.1.1.5.2 South Korea: Smart highway Market, By Component
9.1.1.6 Rest of Asia Pacific: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Asia Pacific: Smart highway Market, By Technology
9.1.1.6.2 Rest of Asia Pacific: Smart highway Market, By Component
10. Asia Pacific Smart highway Market – COVID-19 Impact Analysis
10.1 Overview
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Development
12. Company Profiles
12.1 Cisco Systems, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Huawei Technologies Co., Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Kapsch TrafficCom AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Nokia Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Siemens AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Telegra
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Conduent, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Toshiba Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Nippon Koei Co., Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 IBI Group
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Smart Highway Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Asia Pacific Smart highway Market, By Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Smart highway Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia Smart highway Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 5. China Smart highway Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 6. China Smart highway Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 7. India Smart highway Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 8. India Smart highway Market, By Component – Revenue and Forecast to 2028(US$ Million)
Table 9. Japan Smart highway Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 10. Japan Smart highway Market, By Component– Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea Smart highway Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 12. South Korea Smart highway Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Asia Pacific Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)
Table 14. Rest of Asia Pacific Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Smart Highway Market Segmentation
Figure 2. Asia Pacific Smart Highway Market Segmentation – By Country
Figure 3. Asia Pacific Smart Highway Market Overview
Figure 4. Asia Pacific Smart Highway Market, By Technology
Figure 5. Asia Pacific Smart Highway Market, By Component
Figure 6. Asia Pacific Smart Highway Market, By Country
Figure 7. Asia Pacific – PEST Analysis
Figure 8. Asia Pacific Smart highway Market- Ecosystem Analysis
Figure 9. Asia Pacific Smart Highway Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Smart Highway Market Revenue Forecast and Analysis to 2028 (US$ Million)
Figure 11. Asia Pacific Smart highway Market Revenue Share, By Technology (2020 and 2028)
Figure 12. Smart transport management system: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
Figure 13. Smart Traffic Management System: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
Figure 14. Communication System: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
Figure 15. Monitoring System: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
Figure 16. Others: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
Figure 17. Asia Pacific: Smart highway Market Revenue Share, By Component (2020 and 2028)
Figure 18. Hardware: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
Figure 19. Software: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
Figure 20. Geographic Overview of Asia Pacific Smart highway Market
Figure 21. Asia Pacific: Smart highway Market Revenue Share, By Country (2020 and 2028)
Figure 22. Australia: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. China: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. India: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Japan: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. South Korea: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of Asia Pacific: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Impact of Covid-19 Pandemic in Asia Pacific Country Markets
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Kapsch TrafficCom AG
- Nokia Coropration
- Siemens AG
- Conduent, Inc.
- Toshiba Corporation
- Nippon Koei, Co., Ltd.
- Telegra
- IBI Group
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific smart highway market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific smart highway market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the smart highway market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution