Development of Smart Highway Projects in China to Drive China Smart Highway Market

China smart highway market is anticipated to grow at a CAGR of 23.2% during the forecast period (2021-2027). The rapid development of smart highways across the country owing to the growing interest of public and private authorities is a key factor driving the growth of the China smart highway market. Development of 5G smart highway project in Wuhan in Hubei province by Chinese state-owned telecommunication company China Mobile is one of its kinds.  The project was started in February 2019. By development of this smart highway, the China Mobile company intends to collect real-time traffic information, make AI-assisted forecasts using the data, which will support driverless cars.

Browse the full report description China Smart Highway Market Size, Share & Trends Analysis Report by Technology (Intelligent Traffic Management System, Intelligent Transportation Management System, Monitoring System, Communication System), By Deployment Model (On-Premise, Cloud), By Service (Consultancy Service, Maintenance & Operational Service, Managed Service) Forecast Period 2021-2027 at https://www.omrglobal.com/industry-reports/china-smart-highway-market

The 5G smart highway project is being integrated with internet of things (IoT), big data, cloud computing, and AI, as well as other advanced technologies. The growing penetration of advanced technologies in China is anticipated to promote such kind of development across the country’s roadways. Under the 5G smart highway project; the carrier has currently installed 31 5G base stations in Wuhan and added another 2,000 units with an investment of $148.3 million. Such type of transportation development across China is paving way for the growth of smart highway market in China. 

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Technology

o By Deployment Model

o By Service

• Competitive Landscape- ABB Ltd., 3M Co., AT & T Inc., Cisco Systems Inc., IBM Corp. 

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

China Smart Highway Market Report Segment

By Technology

• Intelligent Transportation Management System
• Intelligent Traffic Management System
• Communication System
• Monitoring System

By Deployment Model

• On-Premise
• Cloud

By Service

• Consultancy Services
• Maintenance & Operational  Services
• Managed Services