Road Safety Market, 2016-2024: Industry Size, Share, Analysis and Forecast Report

Road safety is nothing but a systematic measure and method that is utilized to avoid road users from being seriously injured or killed. Normally, these road users contain cyclists, pedestrians, vehicle passengers, motorists, and passengers of public transport such as buses and trains.

Zion Market Research published new report on “Road Safety Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024” in it’s database

Global Road Safety Market: Overview

Road safety is nothing but a systematic measure and method that is utilized to avoid road users from being seriously injured or killed. Normally, these road users contain cyclists, pedestrians, vehicle passengers, motorists, and passengers of public transport such as buses and trains.

Global Road Safety Market: Growth Factors

The main factor for the growth of road safety market includes accidents, threats, fatalities, natural as well as unnatural disasters, and others. Other factors that boost the market include increasing number of crimes, terrorist attacks, and disasters. This led to the towering growth of the global road safety market.

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On the parallel end, elevated number of traffic, passengers and congestion on the roadways is considers to be influencing the global road safety market in a positive way. Advanced technologies such as red light enforcement, speed limit enforcement, bus lane enforcement, incident access control, and incident detection are been used and implemented for bridges, highways, tunnels, and urban roads. The growth rate of these technologies is estimated to speed up in the near future.

Factors such as technological drive, exceeding demand for automobiles, and highly secure infrastructure of the safety are said to be the main reasons behind the success of the global road safety market.

Global Road Safety Market: Segmentation

The global road safety market can be segmented based on products used for highways, bridges, urban roads, and tunnels. Systems are divided into red light enforcement system, speed limit enforcement, bus lane enforcement, access control/vehicle detection, incident communication systems, and incident detection systems. Moreover, based on services, the global road safety market has branches such as risk assessment & analysis, consulting & system integration, support &training, and maintenance services. Radar and sensor-based devices, analytics, and surveillance are the branches based on technologies.

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Global Road Safety Market: Regional Analysis

North America is considered to rule the global road safety market due to the accessibility of infrastructures that are technologically advanced. Asia Pacific is estimated to tower in the near future due to the hike in vehicles and lack of road infrastructure. Multiple governments across the world are splurging hefty amount on infrastructures such as highways, bridges, urban roads, and tunnels to overcome the elevated incidents of road crash. Additionally, the governments are rolling out modification in the implementation, enforcing, safety measures for the roadways infrastructure, and planning and strategizing of security.

Global Road Safety Market: Competitive Players

The major contenders in the global road safety market are Huawei, Flir Systems, Thales, Alcatel Lucent, Kapsch AG, Tyco, Saab, Raad Data Communication, and Siemens AG. These giants are offering real-time traffic flow systems, enforcement suites, and video surveillance solution. They also provide a system to communicate and handle traffic congestions. These systems are highly reliable and maximize road safety. Further, they are providing systems integrated with various technologies to reduce the overall cost and improve the efficiency. Development of fresh products, acquisitions, and mergers has now become a trend which has emerged some new players in the global road safety market.

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Global Road Safety Market: Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
What Report Provides

Full in-depth analysis of the parent market
Important changes in market dynamics
Segmentation details of the market
Former, on-going, and projected market analysis in terms of volume and value
Assessment of niche industry developments
Market share analysis
Key strategies of major players
Emerging segments and regional markets
Testimonials to companies in order to fortify their foothold in the market.

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Contact Details

Company Name: Zion Market Research
Issued By: Dorothy himes
Phone: +49-322 210 92714
Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States
City: Florida
State: United States
Zip: 34249
Country: United States
Website: Visit the website

Keywords : Road Safety Market,

by Dorothy himes (few years ago!)

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