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Road Safety Market Size – $ 2.96 Billion in 2019, Market Growth – 9.2% CAGR, Market Trends – Emergence of Smart Cities and Smart Transportation

VANCOUVER, BC, CANADA, December 30, 2021 /EINPresswire.com/ – The Global Road safety market will be worth $ 5.77 billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing number of traffic accidents.

The adoption of smart city initiatives and intelligent transport techniques in emerging economies, such as automated traffic assistance, parking and traffic management, predictive traffic analysis and traffic information system. passengers, should create lucrative opportunities for road safety market players in road safety solutions.

The road safety report also comes with beneficial policy recommendations that will enable companies to strengthen their market positions. The report covers a detailed study of the cost analysis and geographic bifurcation to give an in-depth understanding of the Road Safety market.

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The report provides an in-depth analysis of the competitive landscape and covers the profiling of key players along with their product portfolios, road safety market position, production and manufacturing capacity, business strategies, lucrative alliances and partnerships. , extensive research and development activities, contribution revenues and gross profit margins.

The main participants are SWARCO, REDFLEX HOLDINGS, SENSYS GATSO GROUP, JENOPTIK, IDEMIA, KAPSCH TRAFFICCOM, MOTOROLA SOLUTIONS, FLIR SYSTEMS, CUBIC CORPORATION and SIEMENS, among others.

Key feature in the report

Redflex Holdings, an innovative global technology company that designs and builds solutions for smarter cities, has announced the launch of Halo Edge. The Halo Edge is the next generation smart ANPR camera solution (algorithms based on deep learning) that provides detection of clean air or low emission areas.

The Red Light & Speed ​​Enforcement segment held the largest market share of 51.2% in 2019. The growing need to reduce the number of collisions and crashes at right angles has increased the adoption of Red Light & Speed Enforcement.

Professional services are expected to grow with the fastest CAGR of 9.6% during the forecast period. The growing need for improved operational efficiency, wise financial management and business productivity is driving the growth of professional services in the road safety market during the forecast period.

The Asia-Pacific region is expected to be the fastest growing region during the forecast period. The adoption of advanced technologies, such as Internet of Things (IoT) and data analysis solution in the transportation system, has resulted in the growth of road safety solutions in the region.

The vernacular analysis covers a complete breakdown of the market into key territories to offer better insight into the information on production volume, consumption volume and patterns, revenue, trends and demands, supply dynamics and demand, import / export and the presence of key players in each region along with revenue share, revenue growth and CAGR.

An in-depth interpretation of the global Road Safety Market based on key geographies around the world offers strategic insight into the market size and industry market share. Key regions include North America, Latin America, Europe, Asia Pacific, Middle East and Africa.

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Suspicions disintegrate in the report:

The Global Road Safety Market report offers an in-depth analysis of various elements of the industry such as product development and technological advancements, product types, applications, and major expansion strategies undertaken by leading companies. The assessment was carried out on the basis of primary and secondary research with particular emphasis on technological advancements, major industry players and suppliers, and distributors operating in the industry.

Main advantages of the report:

Complete analysis of the competitive scenario and its changing dynamics

Analytical data with detailed SWOT analysis and Porter’s five forces analysis

8-year in-depth analysis of the global road safety market

Critical understanding of key market segments

Comprehensive analysis of drivers, constraints, trends and opportunities

For more details, get FREE sample pages from this research report: https://www.emergenresearch.com/request-sample/396

The data is gathered through rigorous primary and secondary research, then validated and verified by veterans and industry experts. The report begins with basic market information such as definitions, applications, classifications, value chain analysis, among others, to facilitate better understanding among the readers.

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 and response

Application of red lights and speed

Automatic number plate recognition (ANPR) / Automatic number plate recognition (ALPR)

Others

Services Outlook (Revenue, USD Billion; 2017-2027)

Managed Services

Professional services (Support and maintenance, Integration and deployment of systems, Consulting and training)

The report contains the latest changes in the market scenario and demand and supply ratios with respect to the ongoing COVID-19 pandemic. The research report offers an initial and future assessment of the impact of the COVID-19 pandemic on the industry and offers information for companies to overcome the difficulties raised by the crisis.

Main chapters covered in this report:

Part 01: Market Snapshot

Part 02: Market size, by regions

Part 03: Market revenues, by country

Part 04: Competition in the market, by major players

Part 05: Company Profiles

Analysis is carried out on the basis of authentic and relevant information obtained from extensive primary and secondary research. Moreover, the factors which are expected to drive or restrain the growth of the market are studied extensively in the report.

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Thanks for reading our report. For more information on the report or to obtain a personalized copy, please contact us. We’ll make sure you receive a report that’s right for you.

Related report by Emergen Research:

Urban air mobility market @ https://www.emergenresearch.com/industry-report/urban-air-mobility-market

Off-Road Vehicle Telematics Market @ https://www.emergenresearch.com/industry-report/off-highway-vehicle-telematics-market

Remote vehicle stopping market @ https://www.emergenresearch.com/industry-report/remote-vehicle-shutdown-market

Automotive LiDAR Market @ https://www.emergenresearch.com/industry-report/automotive-lidar-market

Automotive Finishing Coatings Market @ https://www.emergenresearch.com/industry-report/automotive-refinish-coatings-market

Driver Monitoring Systems Market @ https://www.emergenresearch.com/industry-report/driver-monitoring-systems-market

Automotive Telematics Market @ https://www.emergenresearch.com/industry-report/automotive-telematics-market

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At Emergen Research, we believe in the advancement of technology. We are a growing market research and strategy consulting company with a comprehensive knowledge base of cutting-edge and potentially disruptive technologies in the market that are expected to become more prevalent over the next decade.

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