Press release
Global Road Safety Market will reach USD 4015.0 Million By 2024 |Top Key Companies - Cubic, Siemens, Thales, Conduent, Vitronic
Road Safety Market
Global Road Safety Market overview:
Detailed Study on Road Safety Market is growing at a CAGR during Forecasts year 2024. This Report covers the Major Players data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size.
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With the slowdown in world economic growth, the Road Safety industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Road Safety market size to maintain the average annual growth rate of 0.0572654106135 from 1900.0 million $ in 2014 to 2510.0 million $ in 2019, Market analysts believe that in the next few years, Road Safety market size will be further expanded, we expect that by 2024, The market size of the Road Safety will reach 4015.0 million $.
The Global Road Safety Market is segmented on the basis of Product Type, Application, End Use Industry and Region. On the Basis of Product Type segment, the Road Safety Market is sub segmented into Red Light Enforcement, Speed Enforcement, Bus Lane Enforcement, Section Enforcement. Based on End Use Industry segment, the Road Safety Market is sub segmented into Highway, Railway.
The Asia-Pacific region is projected to register a highest growth in the market between 2019 and 2024. The growing end-user industry is the key driver of the market in the region. Europe is projected to witness a slow growth during the forecast period due to stringent environment norms in the region. North America is the largest market for Road Safety followed by Asia-Pacific. The increasing demand from the water treatment segment coupled with the rising demand from reviving Technology industry is driving the market for Road Safety in North America. The North American region has sustainable and well-established economies, which invest increasingly in the road safety enhancement of the region. Moreover, the presence of the majority of key vendors of Road Safety has also contributed to the growth of the market in the region.
Some of the major players that operate in the Global Road Safety Market are Jenoptik, Kapsch Trafficcom, Sensys Gatso Group, Redflex Holdings, American Traffic Solutions, Idemia, Flir Systems, Motorola Solutions, Swarco,Information Engineers Group, Cubic Corporation, Siemens, Thales, Conduent, Vitronic, Traffic Management Technologies, Aabmatica, Clearview Intelligence, Dahua Technology, Trifoil, Kria, Laser Technology, Optotrafficl, Syntell, Truvelo.
Latest Industry Updates:
Siemens:- Independent industry research company Verdantix has recently ranked Siemens Smart Infrastructure as a leading provider of the Internet of Things (IoT) platforms for smart buildings. The “Green Quadrant IoT platforms for Smart Buildings 2019” report assesses 13 companies that Verdantix considers as shaping the market, which is still at its infancy but seeing strong competition.
According to Verdantix, occupant wellbeing, cost reduction and space utilization will drive real estate strategies for the next year. “Customers want a single source view of their building data in order to generate money-saving insights and boost employees’ productivity,” said Dennis Callaghan, Principal Analyst at Verdantix.
“We are thrilled that Verdantix acknowledges our standing in the market, as we combine homegrown and acquired solutions to implement our ambitious vision for smart buildings,” said Eike-Oliver Steffen, CEO of the Solution and Service Portfolio at Siemens. “Ranking Siemens as a market leader recognizes our capabilities to meet evolving customer requirements beyond simply monitoring, analyzing and controlling building services. Today, buildings are interacting, learning and adapting, creating environments that fit the habits and needs of their occupants.”
Verdantix emphasized that Siemens has built an impressive ecosystem of smart building solutions, constantly enhancing its offering for user-centric smart buildings
Market segment by Regions/Countries, this report covers:
1 North America Country (United States, Canada)
2 South America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
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Table of Contents:
Global Road Safety Market Report 2019
1 Road Safety Definition
2 Global Road Safety Market Major Player Share and Market Overview
3 Major Player Road Safety Business Introduction
4 Global Road Safety Market Segmentation (Region Level)
5 Global Road Safety Market Segmentation (Product Type Level)
6 Global Road Safety Market Segmentation (Industry Level)
7 Global Road Safety Market Segmentation (Channel Level)
8 Road Safety Market Forecast 2019-2024
9 Road Safety Segmentation Type
10 Road Safety Segmentation Industry
11 Road Safety Cost Analysis
12 Conclusion
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