Press release
Global Road Safety Market 2018 Top Dominating Companies are JENOPTIK AG, Kapsch TrafficCom, Sensys Gatso Group AB, 3M, Redflex Holdings Limited & Redflex Traffic Systems Pty Ltd. , American Traffic Solutions , FLIR Systems, Inc., Motorola Solutions, Inc.
Global Road Safety Market
The report contains all the information about market definition, classifications, applications and engagements for the Road Safety market that are very important to succeed in the market. The report also contains all the company profiles of all the players mentioned above while also explaining all the drivers and restrains of the market with the help of SWOT analysis.
The report also contains all the CAGR levels for the base year 2017 historic year 2016 and forecast years 2018-2025 for the Road Safety market.
Global Road Safety Market accounted for USD 3.1 billion in 2016 growing at a CAGR of 8.7% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major market drivers & restraints:
• Increase in mobility and associated demand for transportation systems
• Increase in urbanization
• Increase in road accidents/fatality rate
• Growing government regulations for road safety
• Insufficient government funding in decentralized areas
• Barrier to implement advanced road safety infrastructure
Reasons to Purchase this Report
· Current and future of Global Road Safety Market outlook in the developed and emerging markets
· The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
· Regions/countries that are expected to witness the fastest growth rates during the forecast period
· The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report
· The report includes the complete segmentation displayed above across all above mentioned countries
Top Players:-
• JENOPTIK AG,
• Kapsch TrafficCom,
• Sensys Gatso Group AB,
• 3M,
• Redflex Holdings Limited & Redflex Traffic Systems Pty Ltd. ,
• American Traffic Solutions ,
• FLIR Systems, Inc.,
• Motorola Solutions, Inc. ,
• SWARCO AG,
• INFORMATION ENGINEERING GROUP INC. ,
• Huawei Technologies Co., Ltd. ,
• Johnson Controls ,
• Saab AB,
• Others
Market Definition:
Road safety is the measure taken in order to avoid danger, accidents, or serious injuries. Road users include pedestrians, vehicle passengers, and on-road public transport. Various steps have been taken in order to prevent these incidents. Strict traffic rules regulation, making road users aware about the reasons of accidents, and injuries taking place may get beneficial to promote road safety measure. Increase in urbanization, and increase in road accidents/fatality rate may act as major driver in the growth of road safety market. On the other side, insufficient government funding in decentralized areas may hamper the market.
Global Road Safety Market By Geography; Solution (Red Light Enforcement, Speed Enforcement, Incident Detection System, Bus Lane Compliance, Automatic License Plate Recognition); Service (Professional Services, Managed Services) – Industry Trends and Forecast to 2024
Market Segmentation:
The global road safety market is segmented on the basis of solution into red light enforcement, speed enforcement, incident detection system, bus lane compliance, automatic license plate recognition, and others.
On the basis of solution:- Red light enforcement, speed enforcement, incident detection system, bus lane compliance, automatic license plate recognition, and others.
On the basis of service:- Professional services, and managed services. The professional services segment is further sub segmented into consulting and system integration, training, support, and maintenance, risk assessment and analysis.
On the basis of geography:-
• North America,
• South America,
• Europe,
• Asia-Pacific, and Middle East & Africa.
Company Share Analysis:-
The report for road safety market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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