Road Safety Market Demand, Recent Trends, Share, Sales Revenue, Industry Analysis and Forecasts Report 2027
The global Road Safety Market will be worth USD 5.77 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing number of road accidents. The increasing need for improvement in the road structure and public security is expected to drive the market for road safety over the forecast period.
Road Safety Market Size – USD 2.96 billion in 2019, Market Growth – CAGR of 9.2%, Market Trends – Emergence of smart cities and smart transportation
The Road Safety report also offers a thorough analysis of the key market drivers and restraints that play a vital role in influencing the growth of the industry. The report considers the currently unfolding coronavirus pandemic as one of the key influencing factors.
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Global Road Safety Market: Competitive Outlook
With a major focus on the growth trajectories of each segment of the market, the report inspects the operating patterns of each market contender, for instance, partnerships & collaborations, mergers & acquisitions, and new product launches, in a detailed manner. Alongside describing the vast competitive landscape of the Road Safety market, the report estimates the CAGR for the market during the projected timeframe.
Key participants include SWARCO, REDFLEX HOLDINGS, SENSYS GATSO GROUP, JENOPTIK, IDEMIA, KAPSCH TRAFFICCOM, MOTOROLA SOLUTIONS, FLIR SYSTEMS, CUBIC CORPORATION, and SIEMENS, among others.
The findings of the Road Safety report explain various aspects of the market, such as market status, developmental prospects, key regional segments, renowned market players, product offerings, end-use industries.
The pandemic has impacted the market significantly by disrupting the global supply chains and demands of the industry. Moreover, the trends have changed as the world continues to grapple and adjust to the changing scenario. The report covers the impact analysis of the COVID-19 pandemic on the Road Safety market and its crucial segments. Additionally, it offers a comprehensive current and future assessment of the impact of the pandemic.
The formulation of this report has been done through thorough primary and secondary research to offer a better understanding of the market size, market share, scope, challenges, trends, and growth prospects among the industry. The report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
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The latest research report specializes in the in-depth analysis of the macroeconomic and microeconomic factors affecting the global Road Safety market development. The report also concentrates on the regulatory framework that is shaping the future of the global market. New and existing pricing structures, emerging application areas, and upcoming investment opportunities have also been detailed in the report. The report encapsulates the significant effects of the coronavirus pandemic on the Road Safety industry and its key segments. The study, therefore, inspects the grave impact of the pandemic on this industry vertical, its leading players, distribution channels, supply chains, and the overall economic landscape.
Emergen Research has segmented the global Road Safety Market on the basis of Solutions, Services, and region:
- Solutions Outlook (Revenue, USD Billion; 2017-2027)
- Incident Detection & Response
- Red Light & Speed Enforcement
- Automatic Number Plate Recognition (ANPR)/Automatic License Plate Recognition (ALPR)
- Services Outlook (Revenue, USD Billion; 2017-2027)
- Managed Services
- Professional Services (Support and maintenance, System Integration and deployment, Consulting and Training)
The report has been specially curated to offer a deep understanding of the competitive terrain of the Road Safety global market, highlighting the leading market rivals, their market positions, product portfolios, gross revenue shares, profit margins, pricing analysis, sales network & distribution channels, and financial standing.
The report aims to answer the most common queries related to the global Road Safety market:
- What is the scope of innovation in the current market landscape?
- What are the current trends dictating global market growth?
- What is the projected value of the market in 2027?
- Which regional market is expected to witness the highest CAGR during the forecast period?
The individual in-depth study of the prominent players of the market offers insights into their market position, geographical presence, production and manufacturing capacity, gross margin, revenue generation, and business expansion strategies. The report also offers strategic recommendations to the new players entering the market and gives them insights into how to tackle the entry-level barriers. The recommendations for the established players allows them to fortify their position in the market.
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