Press release
Road Safety Market Worth 5.40 Billion USD by 2026 | Leading Competitors by JENOPTIK AG, Kapsch TrafficCom, Sensys Gatso Group AB, 3M, Redflex Holdings Limited & Redflex Traffic Systems Pty Ltd, American Traffic Solutions, FLIR Systems, Inc., Motorola Solu
Road Safety market
Global road safety market is expected to reach register a CAGR of 10.6% in the forecast period of 2019 to 2026.
This Road Safety market research report involves six major parameters namely market analysis, market definition, market segmentation, key developments in the market, competitive analysis, and research methodology. This market report helps uncover the general market conditions and tendencies. The report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the market. Clients accomplish unparalleled insights and acquaintance of the best market opportunities into their respective markets from this market report. The Road Safety market research report assist businesses with the intelligent decision making and better manage marketing of goods which ultimately leads to growth in the business.
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Market Segmentation: Road Safety Market
The road safety market is segmented into two notable segments which are solution and service.
On the basis of solution, the market is segmented into nine solutions, including red light enforcement, speed enforcement, incident detection system, bus lane compliance, automated solutions, process violations, passenger data processing, semi-automated solutions, and others. Automated solutions are further classified into E-gates and automatic license plate recognition. In 2019, Automated Solutions segment is growing at the highest CAGR and expected to reach USD xx million in the forecast period of 2019 to 2026.
Red Light Enforcement solution segment is expected to dominate the global road safety market as it provides more effective and advanced solution. Whereas, automatic license plate recognition system segment is expected to grow with the highest CAGR due to growing adoption of various automated solutions.
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Competitive Analysis: Road Safety Market
Some of the major players operating in this market include
Jenoptik
Kapsch AG
Sensys Gatso Group AB
American Traffic Solutions
3M
Redflex Traffic Systems
FLIR SYSTEMS
Motorola Solutions
Idemia
Huawei Technologies Co., Ltd.
Information Engineering Group Inc.
Swarco AG
Conduent, INC.,
Product Developments:
In March, Jenoptik has launched new traffic solution at TRAFFEX show. The traffic solution consists of new spot speed and red light product.
In March, Jenoptik has launched average speed enforcement system named as SPECS3 VECTOR at TRAFFEX show. SPECS3 VECTOR is designed to reduce the road accident caused by high speed.
On the basis of geography, the global road safety market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Market analysis, market definition, currency and pricing, key developments and market categorization along with detailed research methodology are the key factors of this Road Safety market report. The CAGR values covered here estimates the fluctuation about the rise or fall of demand for the specific forecasted period with respect to investment. The Road Safety market research report gives clear idea about strategic analysis of mergers, expansions, acquisitions, partnerships, and investment. Skilful capabilities and excellent resources in research, data collection, development, consulting, evaluation, compliance and regulatory services come together to form this world-class Road Safety market research report.
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Company Share Analysis: Global Road Safety Market
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.
Major Market Competitors:
Some of the major players of the global road safety market 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., SWARCO AG, INFORMATION ENGINEERING GROUP INC., Huawei Technologies Co., Ltd., Johnson Controls, Saab AB, and others.
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