South America 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 South America is expected to grow from US$ 503.55 million in 2021 to US$ 1580.41 million by 2028; it is estimated to grow at a CAGR of 17.7% from 2021 to 2028.
The “Smart city” is an emerging concept, where urban areas are integrated with extensive sensor networks to promote ease of traffic flow and connectivity. Cities and towns around the world are undergoing significant changes to make the lives of the citizens better, more efficient, and eco-friendly. The mounting pressure to develop more effective roadways and highways is paving the way for smart infrastructures as an essential factor. Smart city roads built on IoT technologies allow them to collect and analyze data to improve day-to-day traffic and cater to long-term transportation needs. Further, advances in telecommunications, the Internet of Things, cloud and edge computing, and data analytics have made fast computing, data-empowered insights, connected mobility, and communications in a smart highway infrastructure easier. Therefore the origin of new concepts and advanced technologies in the smart highway market are anticipated to bolster the market in the years to come.
South American countries have been witnessing growth in a number of industries over the past few years. However, the COVID-19 pandemic has affected several sectors including infrastructural development activities in this region. Due to non-availability of raw materials, the market has been negatively affected, as the systems used in smart highways include various semiconductor components, most of which are imported from other countries. Due to supply chain disruption, the revamp of existing roadways and construction of new intelligent highway systems is on halt. As a response to the drastic impact of COVID-19 on transportation systems, various reports by the World Bank, ITU, GSMA and World Economic Forum suggest that major countries in South American region need to support digital industry supply chain by facilitating customs and logistical process, for example classifying network equipment as essential infrastructure. The countries are further ensuring access to and affordability of digital services by the majority public. These developments in the region, which are accelerated as a result of the COVID-19 pandemic, are creating positive growth prospects for smart highway market.
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 South America smart highway market. The South America smart highway market is expected to grow at a good CAGR during the forecast period.
South America Smart Highway Market Revenue and Forecast to 2028 (US$ Million)
Get more information on this report :
South America Smart Highway Market Segmentation
South America Smart Highway Market – By Technology
- Smart Transport Management System
- Smart Traffic Management System
- Communication System
- Monitoring System
- Others
South America Smart Highway Market – By Component
- Hardware
- Software
South America Smart Highway Market – By Country
- Brazil
- Argentina
- Rest of South America
South America Smart Highway Market – Companies Mentioned
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Kapsch TrafficCom AG
- Nokia Coropration
- Siemens AG
- Conduent, Inc.
- Toshiba Corporation
1. 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. South America Smart Highway Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. South America Smart highway Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Boosting Integration of Traffic Control Centers and Route Guidance Systems
5.2 Key Market Restraints
5.2.1 Dearth of Supporting Infrastructure, Unawareness, and Unwillingness to Adopt New Ways
5.3 Key Market Opportunities
5.3.1 Advancing Digital Reality and Mobility Innovation
5.4 Future Trends
5.4.1 Origin of Smart City Concepts
5.5 Impact Analysis of Drivers And Restraints
6. South America Smart Highway Market Analysis
6.1 South America Smart highway Market Overview
6.2 South America Smart Highway Market Revenue Forecast and Analysis
7. South America Smart highway Market Analysis – By Technology
7.1 Overview
7.2 South America: 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. South America Smart highway Market Analysis – By Component
8.1 Overview
8.2 South America: 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. South America Smart highway Market – Country Analysis
9.1 Overview
9.1.1 South America: Smart highway Market, By Country
9.1.1.1 Brazil: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Smart highway Market, By Technology
9.1.1.1.2 Brazil: Smart highway Market, By Component
9.1.1.2 Argentina: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Smart highway Market, By Technology
9.1.1.2.2 Argentina: Smart highway Market, By Component
9.1.1.3 Rest of South America: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of South America: Smart highway Market, By Technology
9.1.1.3.2 Rest of South America: Smart highway Market, By Component
10. South America 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 Conduent, Inc.
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 Toshiba Corporation
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 Nippon Koei Co., Ltd.
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. South America Smart Highway Market Revenue and Forecast to 2028 (US$ Million)
Table 2. South America Smart highway Market, By Country – Revenue and Forecast to 2028 (USD Million)
Table 3. Brazil Smart highway Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil Smart highway Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina Smart highway Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina Smart highway Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of South America Smart highway Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of South America Smart highway Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Smart Highway Market Segmentation
Figure 2. South America Smart Highway Market Segmentation – By Country
Figure 3. South America Smart Highway Market Overview
Figure 4. South America Smart Highway Market, By Technology
Figure 5. South America Smart Highway Market, By Component
Figure 6. South America Smart Highway Market, By Country
Figure 7. SAM PEST Analysis
Figure 8. Smart highway Market- Ecosystem Analysis
Figure 9. South America Smart Highway Market Impact Analysis of Drivers and Restraints
Figure 10. South America Smart Highway Market Revenue Forecast and Analysis (US$ Million)
Figure 11. South America: 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. South America: 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. South America: Smart highway Market Revenue Share, By Country (2020 and 2028)
Figure 21. Brazil: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Argentina: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Rest of South America: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Impact of Covid-19 Pandemic in South America Country Markets
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Kapsch TrafficCom AG
- Nokia Coropration
- Siemens AG
- Conduent, Inc.
- Toshiba Corporation
- Nippon Koei, Co., Ltd.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America 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 South America 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 South America 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