Global Road Safety Market to reach USD 5.6 billion by 2026 at growth rate of more than 9.3%

The Global Road safety Market report provides comprehensive market size, and alternative in-depth market info details like, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services connected rules summary, and up to date developments for the mentioned forecast amount. Additionally, the report provideskey research of market players operative within the specific market and analysis and outcomes connected with the target marketplace. Report contains a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.

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Road safety means safety for all road public. Accident dangers on the road, during both work related driving and leisure time driving, involve risk to the driver, passenger and other road users. Road traffic safety refers to the methods and measure used to prevent road users from being killed or serious injured. The essential system of a Safe System approach is to ensure that in the event of a crash, the impact energies remain below the threshold likely to produce either death or serious injuries. This is very important to be aware that road traffic injury remain an important public health problem . When road protection product are utilized correctly or efficiently, they can help save lives, prevent accidents and injuries, and keep a society functioning in the most optimal way. The essential mental characteristics of the road user include skill, intelligence, experience, knowledge and literacy. Proper knowledge of the vehicle characteristics, driving practices, rules of roads and traffic behavior is needed for safe traffic operations. It is a very important to be aware that road traffic injury remain an important public health problem. When road safety products are utilized correctly or efficiently, they can help save lives, prevent accidents and injuries, and keep a society functioning in the most optimal way.

Global Road Safety Market is valued approximately USD 2.7 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 9.3% over the forecast period 2019-2026. Road safety involves products and services that are being introduced in market to reduce risk of accidents, maintain traffic discipline, control and curb wayward vehicle movement and ensure safe travel of commuters. Several technologies have been used in order to implement more security for highways and bridges, urban roads and tunnels. These technological systems, services and solutions include speed limit enforcement, red light enforcement, bus lane enforcement, incident detection and access control. Constant need of road safety for commuters, reducing traffic and congestion on the road, new infrastructure development and longer commuting and many more are driven to boost the overall road safety market. Factors such as rising urban population and high demographic rates, rapid motorization, increasing number of road fatalities/accidents, and government initiatives for enhancing road safety, increase the growth of road safety market over the forecasted period of 2019-2026.

The regional analysis of global Road Safety market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing adoption of smart and automated technologies. Factors such as disposable income, sustainable and well-established economies, which invest increasingly in the road safety enhancement, would create lucrative growth prospects for the Road Safety market across North American region.

Major market player included in this report are:
Jenoptik
Kapsch Traffic Com
Sensys Gatso Group
Redflex Holdings
IDEMIA
Verra Mobility
SWARCO
FLIR Systems
Motorola Solutions
Siemens

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
Solutions
Services

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:
Historical year - 2016, 2017
Base year - 2018
Forecast period - 2019 to 2026

Target Audience of the Global Road Safety Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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In the end, the report makes some important proposals for a new project of Road safety Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2020-2024 industry covering all important parameters.

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