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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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Under the patronage of the UAE President, Abu Dhabi Sustainability Week 2025 (ADSW 2025) to take place in the emirate

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ABU DHABI, UAE, Jan. 6, 2025 /CNW/ — Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, the 2025 edition of Abu Dhabi Sustainability Week (ADSW) will take place from 12-18 January in Abu Dhabi, bringing together global leaders to accelerate sustainable development and advance socioeconomic progress.  

As the first major event in the global sustainability calendar, ADSW 2025, themed ‘The Nexus of Next. Supercharging Sustainable Progress’, will connect and empower policymakers and business and civil society leaders to explore pathways to fast-track the transformation to a sustainable economy and spark a new era of prosperity for all.

The event will showcase how the convergence of advanced technologies including artificial intelligence (AI), energy and human expertise can supercharge sustainable development and unlock a potential US$10 trillion economic transformation opportunity.

His Excellency Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, said: “Abu Dhabi Sustainability Week 2025 will act as a nexus for global business leaders, policymakers and entrepreneurs, leveraging interconnected solutions that build a more prosperous future for all. With three megatrends shaping our world – the rise of the Global South and emerging markets, the transformation of energy systems, and the exponential growth of AI – advanced technologies now provide an unprecedented opportunity for socioeconomic and environmental development. ADSW 2025 must be the launchpad not just for policy but for action, building the connections to supercharge sustainable progress.”

ADSW 2025 confirmed partners include the Department of Energy (DoE), Abu Dhabi National Oil Company (ADNOC), Emirates Global Aluminium (EGA), EMSTEEL, Dubai Electricity and Water Authority (DEWA), Mubadala, Huawei, GE Vernova, HSBC, Agility, Abu Dhabi Investment Office (ADIO), TotalEnergies, Fertiglobe, 1PointFive, bp, BEEAH, Emirates Water and Electricity Company (EWEC) and Dii Desert Energy.

For more than 15 years, ADSW has provided a global platform to foster multi-stakeholder collaboration to address global challenges and accelerate growth. It has enabled high-value agreements and strategic partnerships between governments, industry leaders, and clean energy pioneers worldwide, driving impactful alliances and advancing the global sustainability agenda.

Standing at the intersection of bold new ideas and action, ADSW 2025 recognizes the need for widescale systemic change, connecting energy, data, finance, trade, and natural ecosystems to drive exponential, sustainable growth. ADSW 2025 will feature an engaging program of high-profile sessions, forums, partner-led events and high-level networking opportunities.

ADSW 2025 begins with the annual IRENA Assembly, taking place on 12 and 13 January, and the Global Climate Finance Annual Meeting on 13 January. The ADSW Opening Ceremony, held at the Abu Dhabi National Exhibition Centre (ADNEC) on Tuesday, 14 January, will set the scene for the week ahead. The ADSW Summit and the Green Hydrogen Summit will convene global leaders for impactful dialogues focused on fostering collaboration, unlocking investment opportunities and enabling cutting-edge partnerships. As one of the key events under ADSW, the World Future Energy Summit will continue to play a critical role in driving business growth and knowledge sharing. Over the years, the World Future Energy Summit has fostered a remarkable number of transactions, with 450 companies exhibiting in 2024. In 2025, the summit will feature the Innovation Hub, providing space for over 55 entrepreneurs and startups to showcase their breakthrough technologies and inventions to the public.

ADSW 2025 will also feature the annual Women in Sustainability, Environment and Renewable Energy (WiSER) forum, amplifying women’s voices in the sustainability debate and will bring 3,500 young people together with its Youth 4 Sustainability (Y4S) Forum and Hub, actively engaging youth in a three-day program designed to empower them to act, innovate and become climate leaders.

The Zayed Sustainability Prize – the UAE’s pioneering award for innovative solutions to global challenges – will also hold a series of events at ADSW 2025, including the Zayed Sustainability Prize Awards Ceremony on 14 January and the Forum & Investor Connect. The Zayed Sustainability Prize honors and empowers those who are spearheading transformative change across the categories of Health, Food, Energy, Water, Climate Action, and Global High Schools. Over the past 16 years, the 117 Prize winners have positively impacted more than 384 million lives worldwide, creating sustainable economic and social development opportunities, and improving access to affordable and reliable energy, safe drinking water, nutritious food and quality healthcare.

Key dates for ADSW 2025 include the IRENA Assembly on 12-13 January, followed by the Global Climate Finance Annual Meeting on 13 January. The ADSW Opening Ceremony and Zayed Sustainability Prize Awards Ceremony will take place on 14 January, while the ADSW Summit will take place on 14-15 January. The World Future Energy Summit, Youth 4 Sustainability (Y4S) Forum and Hub will take place on 14-16 January. 15 January will feature the Women in Sustainability, Environment and Renewable Energy (WiSER) Forum, while 16 January will host the Green Hydrogen Summit, Zayed Sustainability Prize Forum and Investor Connect. The event will conclude with The Festival at Masdar City on 17-18 January.

For more information, please visit www.adsw.ae.

About Abu Dhabi Sustainability Week 

Abu Dhabi Sustainability Week (ADSW) is a global platform supported by the UAE and its clean energy leader, Masdar, to address the world’s most pressing sustainability challenges through crucial conversations accelerating responsible development and fostering inclusive economic, social and environmental progress. 

For more than 15 years, ADSW has convened decision-makers from governments, the private sector and civil society to advance the global sustainability agenda through dialogue, cross-sector collaboration and impactful solutions. Throughout the year, ADSW conversations and initiatives facilitate knowledge sharing and collective action that will ensure a sustainable world for future generations. 

About Masdar 

Masdar (Abu Dhabi Future Energy Company) is one of the world’s fastest-growing renewable energy companies. As a global clean energy pioneer, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate energy systems transformation and help the world meet its net-zero ambitions. Established in 2006, Masdar developed and invested in projects in over 40 countries with a combined capacity of over 31.5 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future. 

Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year.

Contact:

For media inquiries, please contact: press@masdar.ae

For more information, please visit: https://www.masdar.ae and connect: facebook.com/Masdar.ae and twitter.com/Masdar

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Former Top Lenskart Executive Oliver Kaye Joins India Global Forum

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Kaye appointed as Chief Business Officer of IGF and CEO of UK India Future Forum

NEW DELHI and LONDON, Jan. 6, 2025 /PRNewswire/ — India Global Forum is delighted to announce that Oliver Kaye, former Chief Business Officer of Lenskart India, has joined the organisation as Chief Business Officer and also CEO of the UK India Future Forum (UKIFF). In his dual role, Oliver will spearhead the group’s business strategy and growth initiatives.

As a start-up to scale-up specialist, Kaye was a key part of the C-Suite which oversaw Lenskart’s valuation grow from $300M to $4.5B and launched GAP India as its CEO. With over 25 years of leadership experience in top-tier retail brands, he also held pivotal roles at Tesco, including Head of Retail Operations for Europe and Head of Strategy for General Merchandise, and piloted Calvin Klein’s entry into India as CEO.

Kaye will also spearhead the UK India Future Forum, a flagship initiative of India Global Forum (IGF) that facilitates high-level engagement between business leaders and policy makers within the UK-India corridor. He will work closely with William Carne, Director of UKIFF, to deepen UK-India ties and foster collaboration and innovation between India and the global business.

Manoj Ladwa, Founder and Chairman of India Global Forum, commented on the appointment: “Oliver joins us at an exciting juncture as we embark on the next phase of our growth. He brings a wealth of expertise in operational excellence, seamless market expansions and strategic innovation, and his vast experience in growing businesses will be pivotal as our Group scales its integrated global affairs and media platform combining world-class online and offline events with next-generation media content.”

On his new role Oliver Kaye said, “IGF is a catalyst for innovation and growth, and I’m excited to contribute to its mission of shaping the future of global business and leadership. Having witnessed India’s remarkable growth and potential firsthand over the past decade, I look forward to contributing to IGF’s mission of driving change, fostering collaboration, and shaping strategies that positively impact businesses and communities worldwide.”

Kaye’s appointment marks the second significant addition to India Global Forum’s leadership in recent months, following the hiring of Uday Karan Verma, former Country Manager at BBC, as President of Business Relations in 2024.

About India Global Forum

India Global Forum is a global affairs organisation that tells the story of contemporary India. The pace of change and growth India has set itself is an opportunity for the world. IGF is the gateway for businesses and nations to help seize that opportunity. We are uniquely placed to understand the political, economic, and cultural nuances of those wanting to enter the Indian market and those wanting to go global. Find out more here.

Social Media Handles to Follow

Twitter: @IGFUpdates & @manojladwa

LinkedIn: India Global Forum

www.indiaglobalforum.com

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SHEIN Ramps Up Denim Production Using Cool Transfer Denim Printing by 90% in 2024

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Almost 380,000 pieces of denim apparel were produced in 2024 using this process

SINGAPORE, Jan. 6, 2025 /PRNewswire/ — SHEIN is transforming the way its denim is being produced by increasing its adoption of Cool Transfer Denim Printing, a technology that consumes less water and energy compared to traditional denim manufacturing methods, while at the same time creating a more streamlined production process.

Approximately 380,000 pieces of SHEIN’s denim apparel produced in 2024 were made using the Cool Transfer Denim Printing process, saving over 10,000 metric tons of water compared to traditional denim production techniques. This marks a 90% increase from 2023, when 200,000 denim pieces were made using this innovative method. Since introducing Cool Transfer Denim Printing in 2022, SHEIN has saved nearly 19,500 metric tons of water. These milestones illustrate the company’s ability to scale innovation within its supply chain, integrating advanced manufacturing practices, while promoting resource efficiency.

Traditional denim manufacturing is known for being resource-intensive, requiring vast amounts of water and energy for processes such as dyeing, bleaching, and washing. Recognizing these challenges, SHEIN partnered with NTX® in 2021 to introduce Cool Transfer Denim Printing, an innovative process that not only minimizes the use of water and energy but also simplifies the production cycle, ensuring precision and efficiency at every step.

This method of printing involves a digital printer using reactive ink to print denim textures, artwork or patterns onto a transfer film. The designs on the transfer film are then imprinted onto white denim fabric using cold transfer equipment, replicating the effects of washing denim to produce features like faded finishes, whiskering, and retro-worn effects. Verified by Bureau Veritas in October 2023, the process reduces water usage by 70.5% compared to conventional denim washing methods.

In addition to the savings in water and energy, the Cool Transfer Denim Printing process eliminates the need for workers to be in contact with harmful chemicals, such as chlorine and caustic soda, which may be used in traditional denim production. By reducing exposure to these substances, SHEIN aims to foster safer working conditions for workers providing support on denim production.

Innovative On-demand Denim Production Process Aimed at Reducing Water

The integration of Cool Transfer Denim Printing complements SHEIN’s on-demand business model, which leverages a digitalized supply chain to match customer demand with merchandise supply. SHEIN’s process involves launching new products in small initial batches of 100-200 items, assessing customer feedback in real-time, and restocking items based on demand. This approach ensures that suppliers produce what customers want, while helping to reduce overproduction and excess inventory.

Cool Transfer Denim Printing’s streamlined and efficient production process aligns perfectly with this methodology. By simplifying denim manufacturing and enabling precise replication of intricate designs and effects, the technology supports smaller production runs that can be quickly scaled based on customer interest. This synergy allows SHEIN to produce denim pieces to meet demand, while at the same time working towards reducing any additional waste.

Unlocking New Creative Opportunities

Cool Transfer Denim Printing is also a catalyst for creativity and innovation. This technology provides designers with unprecedented flexibility to produce vibrant, intricate, and highly detailed prints that were once challenging to achieve with traditional methods.

The process enables precise replication of denim textures and effects. These capabilities open up limitless possibilities for SHEIN’s design teams, allowing them to craft unique and standout denim pieces that resonate with diverse customer preferences and push the boundaries of modern fashion.

This initiative is part of SHEIN’s broader strategy to accelerate change in manufacturing processes, become more resource-efficient and promote innovation in the future of fashion.

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