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Global Smart Highway Strategic Research Report 2024: Market to Surpass $140 Billion by 2030 – U.S. Market is Estimated at $17.1 Billion, While China is Forecast to Grow at 19.6% CAGR

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DUBLIN, Feb. 21, 2024 /PRNewswire/ — The “Smart Highway – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

Global Smart Highway Market to Reach $140.5 Billion by 2030

The global market for Smart Highway estimated at US$40.6 Billion in the year 2022, is projected to reach a revised size of US$140.5 Billion by 2030, growing at a CAGR of 16.8% over the analysis period 2022-2030. Hardware, one of the segments analyzed in the report, is projected to record a 15.3% CAGR and reach US$76.5 Billion by the end of the analysis period. Growth in the Software segment is estimated at 19.5% CAGR for the next 8-year period.

The report delves into the global economic landscape, providing an update on current conditions and their implications for the smart highways market. It examines the competitive scenario, highlighting the market presence of 110 players worldwide in 2023, categorized by strength and activity levels.

Smart highways are positioned as integral to the broader smart city movement and advancements in smart transit. The report explores the technologies powering smart roads, identifying exciting opportunities and potential roadblocks in their development and adoption.

A comprehensive analysis of the global market prospects and outlook for smart highways is provided, including technology and component breakdowns, regional insights, and recent market activity. Select innovations and influencer market insights offer additional perspectives on the evolving landscape of smart road transportation.

 The U.S. Market is Estimated at $17.1 Billion, While China is Forecast to Grow at 19.6% CAGR

The Smart Highway market in the U.S. is estimated at US$17.1 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$10.7 Billion by the year 2030 trailing a CAGR of 19.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.9% and 15.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 16.1% CAGR.

MARKET TRENDS & DRIVERS

Smart Highways Emerge as Path-Breaking Solution for Urban Mobility IssuesSmart Roads are New Land of Opportunities for Road Building IndustryThe Future of Smart Highway and Road TechnologiesGrowing Investments in Road Infrastructure DevelopmentContinuous Development of World’s Highways to Expand Market Opportunities for ITS & ETS MarketsRoad User Charging: Sustainable Way to Fund Road Infrastructure DevelopmentGrowing Investments in Construction of Roads and Highways Augurs Well for Smart Highway MarketArtificial Intelligence Makes Big Inroads into Smart HighwaysPromising Role for AI in Traffic Management on Smart HighwaysETC Systems Assist in Effective Traffic ManagementRoad User Charging/Tolling Emerges as a Dual Edged Sword for Revenue Generation & Congestion ManagementRising Economic Cost of Excess Travel/Transit Delays Strengthens the Business Case for Tolling to Manage Vehicular CongestionAutomated Electronic Toll Collection Makes its Way into the ITS DomainElectronic Toll Collection Systems: Switching On the Play Button for Smart Tolling and Smarter HighwaysGIS and GPS/GNSS Technology, Vital for Successful Smart Highway DeploymentWireless Communication Technologies Crucial to Market GrowthSmart Highway to Benefit from Growing Investments in ITSGrowing Investments in Intelligent Transportation Systems (ITS) to Catalyze the Deployment of ETC Systems for Smart Infrastructure Funding & Intelligent Traffic ControlIncreasing Demand for Telematics and Tracking to Improve Driving ExperienceFocus on Smart Highway to Enhance V2X DeploymentsThe Growing Need to Bridge Infrastructure Gap Which is the Highest for Roadways Promises Robust Opportunity for Smart HighwaysSmart Roads Embedded with Sensors Make Road Infrastructure Monitoring Easy & Cost EffectiveImportance of Wireless Communication in ITS Networks Augurs WellOn-Road Safety Drives Business Case for V2XGrowing Emphasis on Intelligent Transportation Systems Widens Addressable MarketIoT & Cloud Computing Emerge as Linchpin Holding the Smart Highway Concept TogetherCloud Computing, the Workhorse of Data Analysis for Smart Highway ServicesSmart Parking Emerges as a Solution to Traffic WoesSmart Highways to Benefit as Autonomous Vehicles Gain SpotlightConnected Vehicle Data Beneficial for the Development of Smart HighwaysStrong Adoption of ADAS Accelerates the Growth Path of Smart HighwaysFocus on Smart City and Smart Airport Projects to Fuel Growth in Smart Highway MarketDigital Maps Unwind Amazing Future for Smart Cities and Smart HighwaysRapid Urbanization Triggers Growth in the Smart Highway Market

FOCUS ON SELECT PLAYERS (Total 110 Featured) 

IBM CorporationHuawei Technologies Co., Ltd.Advantech Co., Ltd.Indra Sistemas SACubic CorporationInternational Road Dynamics, Inc.Iteris, Inc.Cellint Traffic SolutionsCitilogIntelliVisionGMV Innovating Solutions SLEFKON GmbHCohda Wireless Pty Ltd.ALE InternationalElectronics and Telecommunications Research Institute (ETRI)

For more information about this report visit https://www.researchandmarkets.com/r/adh5nr

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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SOURCE Research and Markets

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LexisNexis Risk Solutions Extends Risk Intelligence to Agentic Activity

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AI agents are creating a new class of digital interaction, requiring organisations to distinguish legitimate agent activity from malicious automationKnow Your Agent intelligence helps organisations identify agent activity and fold it into broader risk intelligence used to assess digital interactionsBuilt on the unique scale and connectivity of the LexisNexis® Risk Intelligence Network, Know Your Agent intelligence helps organisations prepare for an agentic future.

UNITED KINGDOM, Nov. 6, 2026 /PRNewswire/ — LexisNexis® Risk Solutions has extended its powerful risk intelligence solutions to help organisations understand and assess a new class of digital actor: AI agents operating on behalf of people and businesses.

For decades, LexisNexis Risk Solutions has helped organisations make risk decisions by connecting identity, device, behavioural, network and transaction intelligence at global scale. As AI agents become another participant in digital interactions, the company is extending that same connected intelligence approach to agentic activity.

Know Your Agent (KYA) intelligence adds a new layer of agentic insights to LexisNexis Risk Solutions’ digital identity and fraud prevention platform. It helps organisations recognise when AI agents are interacting with their digital services and can bring those interactions directly into established risk assessment and decisioning workflows, rather than treating them as an isolated risk problem. Many LexisNexis Risk Solutions customers are already using KYA intelligence in their current risk management decision making.

Analysis of global digital transactions by LexisNexis Risk Solutions shows agentic traffic grew over 750% in the first half of 2026 alone. Rapid growth is expected to continue as more people and organisations adopt agents to undertake everyday tasks such as online shopping.

Because most personal agents today do not self-declare as agents, organisations face an immediate challenge: distinguishing agentic activity from other digital traffic. But this is only the first step. Agent detection alone cannot answer key questions organisations ultimately need to resolve: Who or what is the agent acting for? Has that activity been authorised? Is its behaviour consistent with that authority? And does the wider context of the interaction indicate that it is legitimate? 

That context may also change during a digital journey as control passes between a person and an AI agent, making continuous visibility into the interaction increasingly important. This is where the scale and connectivity of the Risk Intelligence Network becomes essential.

AI-agent activity does not need to be evaluated as an isolated interaction. It can be understood in the context of the identities, devices, networks, behavioural patterns and relationships surrounding digital activity, helping to provide richer context for risk decisions. This connected intelligence approach incorporates agent detection into risk decisions in real time, while aiding in creating a foundation for increasingly sophisticated agent identity and authorisation capabilities as agents, standards and use cases evolve.

Autonomous AI agents have the potential to increase the scale and sophistication of fraud, including authorised push payment fraud and account takeover attacks. Malicious agents can learn dynamically from successes and failures, enabling subsequent attacks to become more tailored and prolific.

For organisations, the decision is not whether an agent is universally trusted but whether a specific agent, acting in a specific context, should be permitted to perform a specific action. Legitimate agents will increasingly participate in digital customer journeys, but the appropriate response will depend on what the agent is attempting to do, the context of the interaction, and the organisation’s own risk policies. KYA intelligence helps organisations bring agentic activity into existing decisioning workflows so they can allow, authenticate, review or reject interactions as appropriate.

“Agentic commerce is moving quickly from experimentation into the mainstream,” said Grayson Clarke, chief commercial officer at LexisNexis Risk Solutions. “Agentic transactions globally more than doubled again in the last quarter, driven primarily by personal agents. Some businesses are enabling agents to transact on consumers’ behalf, while others are restricting their activities, and many are still determining the right approach. We have already seen firsthand how a global financial institution used our detection capabilities to help identify agentic activity and prevent it from executing sensitive transactions.”

LexisNexis Risk Solutions analysed more than 116 billion digital transactions globally in 2025 through its LexisNexis® Digital Identity Network®, giving it a uniquely broad view of how human, automated and increasingly agentic interactions are evolving. The network detected 4.9 billion automated bot attacks during the year, a 59% increase year over year. That scale reflects the role LexisNexis Risk Solutions already plays in helping many of the world’s largest financial institutions, merchants and digital businesses assess risk across digital interactions.

Mike Woodberry, senior vice president of product and analytics at LexisNexis Risk Solutions, added, “Managing risk in the agentic economy will require more than agent detection alone. The real challenge is establishing context: what is acting, who or what it represents, whether it is authorised and what it is attempting to do. Our vision for KYA is to extend established risk intelligence into the agentic economy, helping give organisations the flexibility to apply the appropriate response to each interaction rather than relying on a one-size-fits-all risk assessment.”

Woodberry continued, “Organisations should not have to build a new risk strategy every time digital interactions evolve. Adding a new layer of agentic insights to our established identity and fraud prevention platform helps customers build on the capabilities they already rely on while preparing for the next generation of digital interactions.”

Discover more about how organisations can distinguish between human and agentic traffic.

About LexisNexis Risk Solutions

LexisNexis® Risk Solutions provides customers with information-based analytics and decision tools that combine public and industry-specific content with advanced technology and algorithms to assist them in evaluating and predicting risk and enhancing operational efficiency. Headquartered in metro Atlanta, Georgia, the company has offices throughout the world, serves customers in more than 190 countries and territories and is part of RELX. For more information, please visit LexisNexis Risk Solutions.

Media Contact:

Mike Normansell
Senior Media Relations Manager
+44 7743899948

Disclaimer

LexisNexis® Risk Solutions products and services provide risk signals, analytics and insights designed to assist customers in making risk-based decisions. Results may vary depending on factors including implementation, data availability, transaction characteristics and customer use. No product or service can detect or prevent all fraudulent, malicious, unauthorized or agentic activity. References to detection, identification, risk assessment or prevention should not be interpreted as a guarantee of outcomes.

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EPG Modular Data Center Marks Topping-Out of Its US$120 Million Malaysia FIZ Factory

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JOHOR BAHRU, Malaysia, Nov. 6, 2026 /PRNewswire/ — EPG Modular Data Center today marked the topping-out of its Malaysia FIZ (Free Industrial Zone) Factory in Senai Airport City (SAC), Johor. The milestone advances development of a manufacturing base closer to customers in Southeast Asia, expanding EPG’s production capabilities and strengthening its ability to respond to customer needs across the region and beyond.

The ceremony featured the raising of the final structural beam, followed by a tour of the facility. Guests included representatives from the Johor State Government, SAC and other government agencies, as well as business partners, customers, financial institutions and investment firms.

Representing an investment of approximately US$120 million, EPG’s FIZ Factory spans 107,450 square meters, including 70,000 square meters of production space. Scheduled for completion in the first quarter of 2027, the facility is projected to rank among the largest single-site data center module manufacturing bases in the modular data center (MDC) sector by production capacity. Once fully operational, it is expected to employ more than 800 people locally.

The factory’s master plan comprises five buildings for sheet metal production, power transfer unit (PTU) products, diesel generator manufacturing, final assembly, and R&D and office functions. The facility will produce MDC shelters and supporting equipment, including diesel generator sets and PTU power modules.

Designed for flexible, digitally enabled manufacturing, the FIZ Factory will integrate advanced automation equipment, intelligent control systems and automated welding technology. Its production lines are expected to achieve an automation rate of at least 80%, with processes including pretreatment, laser cutting, robotic welding and dust-free coating. Modular line design will accommodate multiple product types and specifications.

Digital platforms for supplier relationship management (SRM), product lifecycle management (PLM), manufacturing execution (MES), quality management (QMS) and warehouse management (WMS) will connect processes across the supply chain, R&D, production, quality and warehousing. Digital twin technology will support production visibility and traceability, while intelligent sensing and real-time alerts will help strengthen workplace and equipment safety.

By consolidating production of MDC shelters and critical power equipment in Malaysia, EPG is building capacity closer to regional customers. The factory is expected to help the company coordinate production and assembly, respond more effectively to project schedules and deliver with greater flexibility.

EPG is also committed to responsible operations at the facility. Its priorities include resource efficiency, waste reduction, environmental protection, employee safety, local talent development and cooperation with Malaysian suppliers and partners. The company will operate in accordance with Malaysian laws and regulations and its ESG management requirements, integrating environmental, social and governance (ESG) principles into its decision-making, compliance and risk management.

“The FIZ Factory marks an important step in bringing EPG’s manufacturing capabilities closer to customers and the markets we serve,” said Alick Wan, EPG’s founder and chairman. “By combining advanced manufacturing with strong local partnerships, we are building a responsive base in Malaysia and a model that can evolve with customer needs in other markets.”

Learn more about EPG Modular Data Center at www.epg-module.com.

Contact: communications@epg-module.com

About EPG

EPG is a prefabricated modular data center infrastructure provider, powered by R&D centers in Singapore, Malaysia, and Shanghai, as well as six advanced manufacturing hubs in Malaysia and China. With over 20 years of engineering expertise, it has a workforce of over 1,700 employees, including more than 300 researchers and experienced engineers in its R&D and technical team. Through continuous technological innovation and a scalable delivery system, EPG delivers integrated and efficient data center solutions for hyperscale, cloud, and enterprise deployments across APAC, EMEA, and other global markets.

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SOURCE EPG Global Technology (Shanghai) Co., Ltd.

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TCL CSOT Begins Equipment Move-In at Its t8 Production Line

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GUANGZHOU, China, Nov. 6, 2026 /PRNewswire/ — TCL CSOT’s t8 8.6-generation Inkjet Printing OLED (IJP OLED) production line in Guangzhou had entered the equipment move-in phase on October 31. With core production equipment now moving into the facility, the world’s first 8.6-generation IJP OLED production line has entered the final phase before expected mass production in 2027. The announcement was made at a ceremony attended by TCL CSOT executives and suppliers.

“The move-in of the first piece of core production equipment marks the t8 project’s transition to the equipment installation and commissioning phase,” said Feng Zhang, Senior Vice President of TCL CSOT. “This is one of the most advanced facilities of its kind, and installing the state-of-the-art equipment will be a true test of our ability to work with our partners to expand current technical limits. We look forward to working closely with our partners to take on these challenges as we establish t8 as a new benchmark for safety, quality, and efficiency.”

Representing a major strategic investment in the next generation of display technology, the t8 project will play a key role in driving future display development through IJP OLED. With a total investment of approximately RMB 29.5 billion and a designed monthly processing capacity of approximately 22,500 glass substrates (8.6-generation, approximately 2,290 mm × 2,620 mm), the production line will primarily produce displays for tablets, laptops, and monitors, with scope to expand into flexible and foldable displays. Following the start of construction on September 16, 2025, the main factory structure was topped out in just 226 days. Equipment move-in at t8 marks the project’s entry into the final phase before mass production. The project will now proceed through production line installation, integrated commissioning of power systems, and process validation, with mass production expected in the fourth quarter of 2027.

IJP OLED uses an inkjet printing process to deposit organic light-emitting materials onto glass substrates with greater precision through a process known as on-demand deposition. Compared with traditional vacuum thermal evaporation (VTE), IJP achieves higher material utilization for greener, more efficient production, and is widely recognized as a key technological pathway for next-generation displays.

“From a single drop of ink and a small prototype to our G5.5 line (t12) in Wuhan becoming the world’s first IJP OLED mass production line, and now the move-in at our G8.6 production line in Guangzhou, TCL CSOT has spent the past 13 years bringing IJP OLED from the laboratory to the production line. Equipment move-in at t8 marks the start of the final stretch before mass production,” said Weiran Cao, General Manager of IJP-OLED Middle Platform of TCL CSOT.

As the t8 project progresses towards mass production, TCL CSOT will continue to drive wider adoption of the industry-leading IJP OLED technology and further expand the sizes and applications of its OLED portfolio, delivering advanced displays and improved experiences for customers and end users worldwide.

SOURCE TCL CSOT

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