Road Safety Market: Introduction
The global road safety market has witnessed continuous development over the past couple of years and is expected to develop significantly more during the period 2020-2026. Exploration introduces an overall assessment of the road safety market and contains future patterns, current growth factors, conscious sentiments, certainties, chronicle information, and factually backed and industry-approved market information.
The global road safety market is expected to register steady growth over the forecast period with a CAGR of 6.2% and reach a value of USD 5.02 billion by 2026.
The report contains an in-depth analysis of the vendor’s profile, including financial health, business units, key business priorities, SWOT, strategies and opinions.
Thales (France), Jenoptik (Germany), American Traffic Solutions (USA), Siemens (Germany), Traffic Management Technologies (South Africa), Motorola (USA), Flir Systems (USA), Cubic Corporation (United States), Conduent (United States) and Alcatel-Lucen (France).
Jenoptik’s traffic technology has been operational in the Middle East for many years in countries such as Kuwait, Saudi Arabia and Jordan. Recently, in March 2018, Jenoptik announced a Qatar Road Safety Order. Jenoptik is present in more than 80 countries, with more than 30,000 systems installed.
Suppliers were identified based on portfolio, geographic presence, marketing and distribution channels, revenue generation and significant R&D investments.
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Vendors across different verticals are planning major investments in this market and hence, the market is expected to grow at an impressive rate in the coming years. The major players are adopting various organic and inorganic growth strategies such as mergers and acquisitions, collaboration and partnerships, joint ventures, and few other strategies to gain a strong position in the global market.
Market Segmentation Analysis
The report provides an extensive assessment of the market, providing in-depth qualitative insights, historical data and supportable projections as well as assumptions about the size of the Road Safety market. The projections presented in the report have been derived using proven research methodologies and assumptions based on vendor portfolio, blogs, white papers, and vendor presentations. Thus, the research report represents all aspects of the Traffic Safety Market and is segmented on the basis of regional markets, offerings, applications, and end users.
By Service, Consulting & Training, Support & Maintenance, Managed,
By solution, speed of light, application of bus lanes and sections, LPR/ANPR, incident detection and response, others,
North America held the largest traffic safety market share in 2018 and is expected to dominate the market over the forecast period. The market will witness a strong rise in the following regions covered: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Companies in the road safety industry ensure business continuity with powerful protection by constantly checking the report and representing attractive growth opportunities for business. Road Safety meets all the needs of operators by enabling them to improve their services and focus on their core business. The road safety market study aims to increase business agility and reduce operating and capital expenditures through improved technology deployments and capacity planning. The report examines service types and regions related to this Traffic Safety market. Additionally, the report provides details about the major challenges affecting the growth of the market.
Other report features:
- Provides an in-depth analysis of key strategies with a focus on corporate structure, R&D methods, location strategies, production capacities, sales and performance of various companies.
- Provides valuable product portfolio insights including product planning, development and positioning.
- Analyzes the role of major players in the road safety market and their partnerships as well as mergers and acquisitions.
Thank you for reading this article; you can also get individual chapter wise sections or region wise report versions like North America, Europe or Asia.
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