Press release
Road Safety Market Analysis 2019 On: 3M, JENOPTIK Traffic Solutions, Kapsch TrafficCom AG, Sensys Gatso Group AB, American Traffic Solutions, FLIR Systems, Motorola Solutions, SWARCO Technology, Huawei Technologies, Johnson Controls, Saab
Road Safety Market
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Road Safety Market accounted for USD 3.1 billion 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, 2016 the base year of calculation is 2016 & 2017 and the forecast period is 2018 to 2025.
Market Key Competitor:
• 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,
Market 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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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
Market Segmentation :
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.
On the basis professional services:
• consulting and system integration,
• training, support,
• maintenance,
• risk assessment and analysis.
On the basis of geography:
• North America,
• South America,
• Europe,
• Asia-Pacific,
• Middle East & Africa.
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