Road Safety Market to Exhibit Significant Opportunity Assessment Forecast to 2027 Reports By Emergen Research
According to a current analysis by Emergen Research global Road Safety Market size will be worth USD 5.77 Billion by 2027. 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
Stringent rules and regulations of the government regarding road safety are contributing to the growth of the road safety market. Increasing government initiatives for improving road safety solutions to reduce road fatalities, such as programs like smart mobility and adopting smart transportation, is a contributing factor to the growing demand for traffic safety solutions.
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The Road safety market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Road safety market industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Road safety market along with crucial statistical data about the Road safety market .
Some Key Highlights from the Report ;
- The Red Light & Speed Enforcement segment held the largest market share of 51.2% in 2019. The increasing need to reduce the number of collisions and right-angle crashes has increased the adoption of the Red Light & Speed Enforcement.
- Professional services are forecasted to grow with the fastest CAGR of 9.6% over the forecast period. The increasing need for the improvement of operational efficiency, wise financial management, and business productivity are driving the growth of the professional services in the road safety market over the forecast period.
- The Asia Pacific region is expected to be the fastest-growing region over the forecast period. Adoption of advanced technologies, such as the Internet of Things (IoT) and data analytics solution in the transportation system has driven the growth of road safety solutions in the region.
Competition in the road safety market :
The road safety market size report contains information on leading vendors’ product launches, sustainability, and prospects, such as:
SWARCO, REDFLEX HOLDINGS, SENSYS GATSO GROUP, JENOPTIK, IDEMIA, KAPSCH TRAFFICCOM, MOTOROLA SOLUTIONS, FLIR SYSTEMS, CUBIC CORPORATION, and SIEMENS
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The report offers these individuals a vivid description of the competitive spectrum of the global road safety market The study audits various winning strategies adopted by the market leaders to maintain the competitive edge worldwide. This adds more clarity to the research. Resource charts, tables and graphical images are included to make decisive statistics self-explanatory.
Emergen Research has segmented the global Road safety market Are :
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)
Professional Services (Support and maintenance, System Integration and deployment, Consulting and Training)
Geographic Segment Covered in the Report:
The Road safety market report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
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This Road safety market Research/Analysis Report Contains Answers to your following Questions :
What will the Road safety market size growth rate be?
What are the primary factors propelling the Global Road safety market ?
Who are the market’s leading manufacturers?
What are the market’s opportunities, threats, and market structure?
What are the top manufacturers’ sales, revenue, and price analysis in the Road safety market ?
Who are the Road safety market distributors, traders, and dealers?
What are the Road safety market opportunities and threats that vendors in the Global Ventilator industries are confronted with?
What is a market analysis of sales, income, and value by market types and applications?
Highlights of the TOC:
Chapter 1. Methodology & Sources
Chapter 2. Executive Summary
Chapter 3. Key Insights
Chapter 4 Road safety market Segmentation & Impact Analysis\
Chapter 5. Road Safety Market By Solutions Insights & Trends, Revenue (USD Billion), Volume (Kilo Tons)
Chapter 6. Road Safety Market By Services Insights & Trends Revenue (USD Billion), Volume (Kilo Tons)
Chapter 7. Road Safety Market Regional Outlook
Chapter 8. Competitive Landscape
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