Demand from authorities around the world to upgrade major roadways to so-called ‘smart highways’ is set to give the transport technology sector a huge boost in the coming years.
This is according to a new report by Persistence Market Research, which noted that as economies around the world continue to expand, this will put additional pressure on the globe’s road networks.
As a result, the need for quicker, safer and smarter ways of travel is fueling the global smart highway market. At the same time, demands for solutions that make it more cost-effective to get from A to B will also be a key driver.
These drivers will have several effects of the transport technology sector. For instance, the research stated that the deployment of new solutions such as variable message signs, intelligent transport systems, lane departure warning, and electronic toll collection will all be necessary for smart highways in the years to come.
Smart highways will also incorporate monitoring systems, with solar energy expected to be widely used to power sensor that will provide real-time information on a road’s condition.
Photovoltaic pavements will also be included in the construction of smart highways in order to light footpaths, parking lots and side lanes.
“Government initiatives [will] play a major role in the global smart highways market through funding and implementation, especially in developing regions,” the report stated. “Increased usage of roadways for leisure travel as well as transportation of goods is expected to boost the global market.”
To cater for future transportation, smart highways will need to include vehicle charging centres for electric vehicles,” the study continued. “For colder regions, snow melting facilities are anticipated to be used to defrost roads faster and more efficiently.”
However, the market for smart technology solutions will be held back by factors including poor communications infrastructure, inaccurate driver information and issues with the flow of traffic.
The need to educate drivers about any new rules and regulations will also pose a challenge that must be addressed if smart highways are to become a reality around the world.