Zion Market Research Global Smart Highway Market, 2016–2024 | Page 3

Smart Highway Market
increasing adoption is also driving the global smart highway market growth. In addition to this,
the introduction of new technologies at an affordable cost for safe, reliable, and efficient
transportation is also powering the growth of the global market.
On the contrary, inaccurate driver’s information is hampering the growth of global smart
highway market. Moreover, lack of technical knowledge among drivers plays a vital role in the
decrement of the global market. Further, inappropriate traffic flow due to poor highway
communication infrastructure is one of the main reasons hindering the growth of the global
smart highway market. Also, lack of training about the smart highway rules hinders the global
market.
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Global Smart Highway Market: Segmentation
On the basis intelligent transportation management system, the global smart highway market is
mainly classified as automatic number plate recognition, lane departure warning system, radio
frequency identification, incident detection system, and others.
Based on intelligent traffic management system, the global market is bifurcated into global
navigation satellite system, electronic toll collection system, real-time traffic management,
global positioning system, and others.