Artificial Intelligence Is Fastest Growing Segment Fueling The Growth Of Smart Highway Market
Smart Highway Market The Global Smart Highway Market is estimated to be valued at US$ 52.5 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Smart Highway incorporates advanced monitoring and communications technologies to help manage traffic flow, reduce congestion, and enhance safety. Smart highways provide real-time traffic updates, emergency response services, driver assistance, and intelligent transportation systems (ITS) to improve travel experience. Market key trends: One of the key trends in the smart highway market is the emergence of artificial intelligence (AI). AI plays a vital role in autonomous and connected vehicles that communicate with smart infrastructure. AI collects real-time data from sensors, cameras and other IoT devices along the highway to detect anomalies, predict traffic patterns and optimize traffic flow....