Global
Road Safety Market Size ,Trends, Shares,
Forecast 2019-2026 Scrutinized In New Research
Global
Road Safety Market
Global Road Safety Market is valued approximately
USD 2.7 billion in 2018 and is anticipated to grow with a healthy growth rate
of more than 9.3% over the forecast period 2019-2026. Road safety involves
products and services that are being introduced in market to reduce risk of
accidents, maintain traffic discipline, control and curb wayward vehicle
movement and ensure safe travel of commuters. Several technologies have been
used in order to implement more security for highways and bridges, urban roads
and tunnels. These technological systems, services and solutions include speed
limit enforcement, red light enforcement, bus lane enforcement, incident
detection and access control. Constant need of road safety for commuters,
reducing traffic and congestion on the road, new infrastructure development and
longer commuting and many more are driven to boost the overall road safety market. Factors
such as rising urban population and high demographic rates, rapid motorization,
increasing number of road fatalities/accidents, and government initiatives for
enhancing road safety, increase the growth of road safety market over the
forecasted period of 2019-2026.
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The regional analysis of global Road Safety market is considered for the key
regions such as Asia Pacific, North America, Europe, Latin America and Rest of
the World. North America is the leading/significant region across the world in
terms of market share owing to the growing adoption of smart and automated
technologies. Factors such as disposable income, sustainable and
well-established economies, which invest increasingly in the road safety
enhancement, would create lucrative growth prospects for the Road Safety market
across North American region.
Major market player included in this
report are:
Jenoptik
Kapsch Traffic Com
Sensys Gatso Group
Redflex Holdings
IDEMIA
Verra Mobility
SWARCO
FLIR Systems
Motorola Solutions
Siemens
The objective of the study is to define market sizes of different segments
& countries in recent years and to forecast the values to the coming eight
years. The report is designed to incorporate both qualitative and quantitative
aspects of the industry within each of the regions and countries involved in
the study. Furthermore, the report also caters the detailed information about
the crucial aspects such as driving factors & challenges which will define
the future growth of the market. Additionally, the report shall also
incorporate available opportunities in micro markets for stakeholders to invest
along with the detailed analysis of competitive landscape and product offerings
of key players. The detailed segments and sub-segment of the market are explained below:
By
Component:
Solutions
Services
By
Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
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Furthermore, years considered for the
study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Road
Safety Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers VARs
Third-party knowledge providers
Investment bankers
Investors
.
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available
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