DUBLIN–(BUSINESS WIRE)–The “Road Safety Market Research Report by Solutions (Automatic License Plate Recognition, Enforcement Solution and Incident Detection and Response), Services, Region (Americas, Asia-Pacific and Europe, Middle East and Africa) – Global Forecast to 2027 – Cumulative Impact of COVID-19″ report has been added to from ResearchAndMarkets.com offer.

The global road safety market size was estimated to be USD 3,267.94 million in 2021, USD 3,701.60 million in 2022, and is projected to grow at a compound annual growth rate (CAGR) of 13.44% for reach USD 6,966.80 million by 2027.

Competitive Strategy Window:

The strategic competitive window analyzes the competitive landscape in terms of markets, applications and geographies to help the vendor define an alignment or match between its capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for vendors to adopt successive strategies of merger and acquisition, geographic expansion, research and development, and new product introduction strategies to execute further business expansion and growth. during a forecast period.

FPNV positioning matrix:

The FPNV Positioning Matrix evaluates and categorizes vendors in the Road Safety Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction ( value for money, ease of use, product features, and customer support) that helps businesses make better decisions and better understand the competitive landscape.

Market share analysis:

The market share analysis offers the analysis of the vendors considering their contribution to the overall market. It gives the idea of ​​its revenue generation in the overall market compared to other providers in the space. It provides information on the performance of vendors in terms of revenue generation and customer base compared to others. Knowing the market share gives an idea of ​​the size and competitiveness of suppliers for the reference year. It reveals the characteristics of the market in terms of accumulation, fragmentation, dominance and merger.

The report provides information about the following pointers:

1. Market Penetration: Provides comprehensive information about the market offered by major players

2. Market Development: Provides detailed information on lucrative emerging markets and analyzes penetration in mature market segments

3. Market Diversification: Provides detailed information on new product launches, untapped geographies, recent developments and investments

4. Competitive Assessment and Intelligence: Provides a comprehensive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of key players

5. Product Development and Innovation: Provides smart insights into future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the global road safety market?

2. What are the inhibiting factors and impact of COVID-19 on the global road safety market during the forecast period?

3. What are the products/segments/applications/areas to invest in during the forecast period in the global road safety market?

4. What is the competitive strategic window for opportunities in the Global Road Safety Market?

5. What are the technology trends and regulatory frameworks in the global road safety market?

6. What is the market share of the major vendors in the global road safety market?

7. Which modes and strategic moves are considered suitable for entering the global road safety market?

Market dynamics

Drivers

  • Increased construction of roads and related infrastructure

  • Growing urbanization and growing need for mobility and other transport systems

  • More and more strict government regulations on road safety

Constraints

  • Technical complications related to road safety technologies

  • Insufficient investment for advanced technologies in developing countries

Opportunities

  • Growth of connected vehicles integrated with intelligent transport systems (ITS)

  • Government investments for road infrastructure development

Challenges

  • High risk of cyberattacks and information theft

Companies cited

  • Clearview Intelligence Ltd.

  • Conduit Inc.

  • cubic society

  • INFORMATION ENGINEERING GROUP INC.

  • JENOPTIK AG

  • Kapsch TrafficCom AG

  • Laser Technology, Inc.

  • Motorola Solutions, Inc.

  • Optotraffic, LLC

  • Redflex Holdings Limited

  • Sensys Gatso Group AB

  • Siemens AG

  • SWARCO Holding SA

  • Syntell (Pty) Ltd.

  • Tattile S.r.l.

  • Teledyne FLIR LLC

  • Logix Traffic

  • Truvelo Ltd.

  • Mobility will see

  • Zhejiang Dahua Technology Co., Ltd.

For more information on this report, visit https://www.researchandmarkets.com/r/t0z03u


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