DUBLIN, March 16, 2022 /PRNewswire/ — The “Global Road Safety Market by Solution (Red lightspeed, bus lanes, application of sections and RAPI/ANPR), service (consulting and training, systems integration and deployment, and support and maintenance) and region – forecasts until 2026 » report has been added to from ResearchAndMarkets.com offer.

The publisher forecasts the size of the global road safety market to increase $3.7 billion in 2021 for $5.8 billion by 2026, at a compound annual growth rate (CAGR) of 9.6% over the forecast period. The increasing number of road accidents and fatalities makes it necessary to deploy road safety solutions.

By component, services will register a larger market share during the forecast period

The road safety market is segmented into solutions and services. Various parameters have been identified which are contributing to the overall growth of the road safety market. Road safety solutions and services are applied across many industry verticals across all regions. Apart from the various parameters which are contributing to the growth of the market, the other factors which are expected to drive the growth of the market include increasing urbanization, growing number of vehicles and mobility, increase in government initiatives and technological evolution within infrastructures.

By region, Asia Pacific grow at the highest CAGR over the forecast period

the Asia Pacific is home to many developing economies, and many countries in this region are adopting new technologies to comply with procedures to increase the efficiency of financial systems. Key countries include Australia, Japan, Singapore, India, Chinaand New Zealand. The region is expected to witness rapid adoption of road safety software.

the Asia Pacific is estimated to be the fastest growing traffic safety market due to the increase in adoption of new technologies, high investments for digital transformation, rapid expansion of domestic enterprises, extensive development of infrastructure and the increase in the GDP of various countries. Fast-growing economies, such as China, Japan, Singaporeand Indiaimplement road safety solutions across multiple business processes to deliver effective solutions.

Main topics covered:

1. Introduction

2 Research methodology

3 Executive Summary

4 premium previews
4.1 Brief Overview of Traffic Safety Market
4.2 Market Share, by Component
4.3 Market Share, by Region
4.4 Market Investment Scenario (2021-2026)

5 Market Overview and Industry Trends
5.1 Presentation
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in the number of vehicles
5.2.1.2 Application to improve compliance with governments
5.2.1.3 The adoption of digitization and technologies in the market
5.2.1.4 Government initiatives to improve road safety
5.2.2 Constraints
5.2.2.1 Absence of standardized and uniform technologies
5.2.3 Opportunities
5.2.3.1 Adoption of automated vehicles for security
5.2.3.2 Improvement of intelligent transport systems for road safety
5.2.4 Challenges
5.2.4.1 Cybersecurity and Threats in Road Safety Data
5.2.4.2 People’s lack of knowledge about IoT and smart cities
5.3 COVID-19 Road Safety Market Outlook
5.3.1 Cumulative Growth Analysis
5.4 Regulatory impact
5.5 Industry Trends
5.5.1 Use case
5.5.1.1 Use case 1: Siemens has helped Yunex Traffic with adaptive traffic control and management, highway and tunnel automation, as well as smart solutions for V2X and road user pricing (toll )
5.5.1.2 Use case 2: Motorola Solutions helped Victoria Police recognize license plates with Anpr technology
5.5.1.3 Use Case 3: Conduent and Hayden Ai announced technology partnership to improve bus lane performance and road safety
5.5.1.4 Use case 4: Swarco Road Marking Systems and Isac GmbH measured the detectability of road markings
5.5.1.5 Use case 5: Dahua technology detects multiple traffic violations and improves road efficiency
5.6 Value chain analysis
5.7 Ecosystem
5.8 Patent analysis
5.9 Price Analysis
5.10 Technology Analysis
5.11 Trends and Disruptions Affecting Buyers
5.12 Key Conferences and Events in 2022-2023
5.13 Porter’s Five Forces Analysis

6 Traffic Safety Market, By Component
6.1 Presentation
6.2 Workarounds
6.2.1 Application Solution
6.2.1.1 Checking red lights
6.2.1.2 Speed ​​control
6.2.1.3 Control of lanes reserved for buses
6.2.1.4 Application of sections
6.2.2 Automatic License Plate Recognition/Automatic License Plate Recognition
6.2.3 Incident detection and response
6.2.4 Others
6.3 Services
6.3.1 Professional services
6.3.1.1 Advice and training
6.3.1.2 System integration and deployment
6.3.1.3 Support and maintenance
6.3.2 Managed Services

7 Road Safety Market, by Region

8 Competitive Landscape
8.1 Overview
8.2 Market structure
8.3 Historical Revenue Analysis
8.4 Market assessment framework
8.5 Major Players Revenue Analysis
8.6 Ranking of Key Players
8.7 Business Evaluation Matrix
8.7.1 Star
8.7.2 Emerging Leader
8.7.3 Omnipresent
8.7.4 Participant
8.8 Product Portfolio Analysis of Major Players
8.9 Competitive Scenario
8.9.1 New service/product launches
8.9.2 Offers
8.10 Startup/SME Assessment Matrix
8.10.1 Progressive Companies
8.10.2 Sensitive companies
8.10.3 Dynamic companies
8.10.4 Starting Blocks

9 company profiles
9.1 Major Players
9.1.1 Jenoptik
9.1.2 Kapsch Trafficcom
9.1.3 Sensys Gatso group
9.1.4 Mobility Will See
9.1.5 Teledyne Flir
9.1.6 Motorola Solutions
9.1.7 Idemic
9.1.8 Sarco
9.1.9 Vitronics
9.1.10 Siemens
9.1.11 leads
9.1.12 cubic society
9.1.13 Dahua Technology
9.2 Other players
9.2.1 Laser technology
9.2.2 Traffic management technologies
9.2.3 Trifoil
9.2.4 Kria
9.2.5 Syntell
9.2.6 Truvelo
9.2.7 Clearview Intelligence
9.2.8 Simulator
9.2.9 Fred Engineering
9.2.10 Kodiak Robotics
9.2.11 Humanize autonomy
9.2.12 Vebits Ai
9.2.13 Connected Wise LLC
9.2.14 safe road
9.2.15 Liveroad Analytics

10 Appendix

For more information on this report, visit https://www.researchandmarkets.com/r/tm1fw0

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