Road Safety Market Future Outlook to 2024: Motorola Solutions, Thales, Tyco, Siemens, Alcatel-Lucent Enterprise, American Traffic Solutions, RAD Data Communications and Kapsch TrafficCom AG

According to Research for Markets, the Global Road Safety Market revenue is expected to reach $7.01 billion by 2024, growing at a CAGR of around 17.16% during the forecast period. The market is experiencing growth due to the increasing mobility and rise in the number of vehicles on the road. In addition, the construction of safer roads, development of infrastructure for the safety of pedestrians & cyclists, and the adoption of safer riding measures will further reduce injuries and contribute to the safety among the population.

Road safety can be defined as a measure taken to prevent incidents on the road that could elevate the danger for road users as well as critical infrastructure along the way. Thus, technologies that enhance road safety are crucial for government bodies, taking into consideration the “cost-of-loss” resulting from the loss of life and/or infrastructural damages. Additionally, the time lost to traffic congestions due to such incidents further aggravates the concerns for civil authorities and road users alike.

The Following Manufacturers Are Covered In This Report:

· Motorola Solutions

· Thales

· Tyco

· Siemens

· Alcatel-Lucent Enterprise

· American Traffic Solutions

· RAD Data Communications

· Kapsch TrafficCom AG

· JENOPTIK

· SWARCO

· Redflex

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The Americas is expected to dominate the market, with US and Canada being the forefront adopters of technologies with better test facilities and rapid implementations backed with sufficient funding to implement infrastructural projects quickly compared to other regions. The EMEA region is next to the Americas with the presence of a large number of equipment manufacturers and solution providers.

The countries covered in the report are Canada, Mexico, UK, and France, US, Germany, India, China, and Japan. Among these, Japan, US, and China are expected to grow at a high rate during the forecast period owing to an increase in the penetration rate of connected devices and growing adoption of cloud computing.

Road Safety Market By Solutions

· Red light enforcement

· Speed enforcement

· Incident detection & communication system

· Bus lane compliance

· Automatic license plate recognition

· Others

Road Safety Market By Services:

· Professional services

· Managed services

Road Safety Market By Technology

· Radar & Sensor-based devices

· Analytics

· Surveillance

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Major Table of Contents:

1 Industry Outlook 10

2 Report Outline 13

3 Market Snapshot 16

4 Market Outlook 20

5 ROAD SAFETY MARKET WITHIN THE VEHICLE 25

5.1 Overview 25

6 ROAD SAFETY MARKET OEMs PROVIDER 27

7 ROAD SAFETY MARKET: GOVERNMENT ROLE 28

8 Market Characteristics 30

9 Trends, Roadmap and Projects 36

10 Solutions: Market Size & Analysis 38

11 Services: Market Size & Analysis 46

12 Technology: Market Size & Analysis 50

13 Regions: Market Size & Analysis 55

14 Global Generalist 72

15 Companies to Watch for 76

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Report potential

· Recent industry trends and developments

· Market Penetration: Comprehensive information on the product portfolios of the top players in the Road Safety market

· Market share and size of all the foremost industry players

· Strategic proposals for the new participants

· To understand the future outlook and prospects for Road Safety market analysis and forecast 2018-2024.

Available Customizations

· Regional and country-level analysis of the Road Safety market, by end-use.

· Detailed analysis and profiles of additional market players.

About Research for Markets:

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Research for Markets

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Email: alan.naidu@researchformarkets.com

This release was published on openPR.