The Global Road safety The market report evaluates historical and current data along with an in-depth analysis of market dynamics. The report also throws light on the market growth driving and restraining factors that are expected to influence the growth of the market during the forecast period. The global Road Safety Market studies the market scenario to offer growth projections for the Road Safety industry for the forecast period 2020-2028.
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The global road safety market size was valued at USD 2.96 Billion in 2019 and is projected to reach USD 5.77 Billion by 2027 at a CAGR of 9.2%. The road safety market is mainly driven by the increasing number of road accidents worldwide. Developing countries face many road accidents due to speeding and drink-driving, followed by lack of lane discipline and poor enforcement of traffic laws. The lack of traffic calming measures such as speed bumps before median barriers also causes fatalities on the roads, contributing to the growing need for road safety. Moreover, the growing need for improved road infrastructure and public safety and road safety solutions is driving the growth of the road safety market over the forecast period.
Global Road Safety Market report provides comprehensive company data coverage including details of their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, their sales network and distribution channel, their financial situation and their position in the road safety market. .
The report also studies the business strategies and strategic alliances entered into by the companies to gain a firm footing in the road safety market. The report sheds light on mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, as well as corporate and government agreements. The comprehensive competitive landscape analysis provides readers with a deeper understanding of competitors.
The main companies studied in the report are:
SWARCO, REDFLEX HOLDINGS, SENSYS GATSO GROUP, JENOPTIK, IDEMIA, KAPSCH TRAFFICCOM, MOTOROLA SOLUTIONS, FLIR SYSTEMS, CUBIC CORPORATION, SIEMENS
What is covered in the report:
- Road Safety Market Size by Revenue and Volume
- Driving and restraining forces of the road safety market
- Segmental analysis broken down into different sub-categories
- Key Competitor Road Safety Market Share Analysis
- New product entry strategies
- Location analysis
- Road Safety Market Forecasts and Growth Projections
- Analysis of the value chain and the competitive matrix
- Analysis of production and consumption trends
- Impacts of regulatory compliance on the production process
- Alternative material sources and processes
- Customer Mapping Strategies
- Reduced facility utilization rate
- Sources of Raw Materials
- Designing alternative chemical pathways for increased efficiency
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The report offers an accurate forecast estimate of the Traffic Safety industry based on recent advances in technology and research. It also offers valuable data to help investors formulate strategic business investment plans and capitalize on emerging growth prospects in the road safety market. The report studies the historical data of the Traffic Safety market and offers valuable insights into key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.
The segments covered in this report are:
Solutions (Volume: Kilotons) Outlook (Revenue, USD Billion; 2017-2027)
- Incident detection and response
- Red light and speed control
- Automatic License Plate Recognition (ANPR) / Automatic License Plate Recognition (ALPR)
Services Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Managed Services
- Professional services (support and maintenance, system integration and deployment, consulting and training)
Regional Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- North America
- The rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
- North America
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The report further examines Road Safety market in key regions of the world with respect to production & consumption patterns, import/export, supply & demand ratio, revenue generation, share & size of the market and the presence of leading players in the regions. The road safety report also covers the expansion plans undertaken by the companies in the regions under the regional analysis section.
The regional market analysis includes information on production volume, consumption volume and patterns, revenue and growth rate for the forecast period 2020-2028.
According to the regional analysis, the market is primarily split across the key geographical regions as follows:
- North America (US, Canada)
- Europe (UK, Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
Key report objectives:
- Analysis and estimation of the traffic safety market size and share for the projected period of 2020-2027.
- In-depth analysis of major market players by SWOT analysis and Porter’s Five Forces analysis to give a clear understanding of the competitive landscape.
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global road safety market.
- Analysis of growth prospects for stakeholders and investors through the study of growth segments.
- Strategic recommendations to established players and new entrants to capitalize on emerging growth opportunities.
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