Road Safety Market Size – USD 2.96 Billion in 2019, Market Growth – 9.2% CAGR.
VANCOUVER, BRITISH COLUMBIA, CANADA, October 13, 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 road accidents. The growing need for improvement of road structure and public safety is expected to boost the road safety market during the forecast period. Strict government road safety rules and regulations are contributing to the growth of the road safety market.
Emergen Research’s latest paper titled “Global Road Safety Market – Forecast to 2027” is one of the most researched market reports involving in-depth analysis of the global road safety market. This report on Global Road Safety Market presents an in-depth study which majorly focuses on key players and their business stratagem, geographic extent, market segments, competitive landscape, manufacturing, and pricing and cost structures. . The authors of the report provided the necessary details on the last route. Security Market trends and crucial parameters affecting the growth of the market in the short and long term.
The main companies in the market are: Swarco, REDFLEX HOLDINGS, SENSYS GATSO GROUP, JENOPTIK, IDEMIA, KAPSCH TRAFFICCOM, MOTOROLA SOLUTIONS, FLIR SYSTEMS, CUBIC CORPORATION and SIEMENS, among others.
You can download a free sample PDF copy of Road Safety Marketplace at https://www.emergenresearch.com/request-sample/396
Highlights of the report
In April 2019, Redflex Holdings, an innovative global technology company that designs and builds solutions for smarter cities, announced the launch of Halo Edge. The Halo Edge is the next generation smart ANPR camera solution (algorithms based on deep learning) that offers 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.
Objectives of the report
Analyze the performance of different regions and countries in the global road safety market.
Examine the size of the Global Road Safety System market based on the parameters of value and volume.
Thoroughly introduce the major players in the Global Road Safety Market and show how they compete in the industry.
Study the manufacturing processes and costs, product prices and the various trends associated with them.
Accurately calculate market shares, consumption, and other essential aspects of different segments of the global Road Safety market.
Explore the underlying dynamics of the global road safety market.
Highlight significant trends in the Global Road Safety Market based on factors such as production, revenue, and sales.
Forecast the market size and share of all segments and regions of the global landscape.
Major market players are adopting various strategies such as mergers and acquisitions, product launches, partnerships, collaborations and brand promotions to maintain their market position and improve their product base. The report also throws light on market players in the global Road Safety market with important details about each market player such as their global position, financial standing, production and manufacturing capacity, licensing agreement, and operating costs. business expansion plans.
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Major market players are adopting various strategies such as mergers and acquisitions, product launches, partnerships, collaborations and brand promotions to maintain their market position and improve their product base.
Key questions addressed in the report:
What are the key factors driving the Global Road Safety Market?
Who are the main manufacturers in this market space?
Who are the distributors, traders and resellers in this market?
What are the market opportunities and risks affecting the performance of vendors in the global Road Safety market?
The main objective of the report is to offer accurate information to readers and investors and help them to invest after understanding the market dynamics at a glance. The report offers in-depth insights into the competitive landscape of the global road safety market with detailed profiling of each market player with their global position, financial standing, business expansion plans, and licensing agreement.
Geographical landscape of the global road safety market – Synopsis:
The report closely studies the growth trajectory of the global road safety market. It highlights the global dominance of major regional segments including North America, Asia-Pacific, Europe, Latin America, Middle East and Africa.
The study develops the crucial information relating to the regional market share. It simultaneously focuses on the important details of the growth patterns of each regional market.
Moreover, the report contains an exhaustive geographical study of the market, emphasizing the business growth prospects and market obstacles for each of the key regions of the market.
To learn more about the @ report https://www.emergenresearch.com/industry-report/road-safety-market
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)
Services Outlook (Revenue, USD Billion; 2017-2027)
Professional services (Support and maintenance, Integration and deployment of systems, Consulting and training)
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Chapter 1. Methodology and sources
1.1. Definition of the road safety market
1.2. Scope of research
1.4. Research sources
1.4.3. Paid sources
1.5. Road safety market estimation technique
Chapter 2. Executive summary
2.1. Summary overview, 2021-2028
Chapter 3. Main information
Chapter 4. Road Safety Market Segmentation and Impact Analysis
4.1. Road Safety Materials Market Segmentation Analysis
4.2. Industrial outlook
4.2.1. Analysis of road safety market indicators
4.2.2. Road Safety Market Drivers Analysis
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