Road Safety Market Industry Size-Share, Global Trends, Key Players Strategies, &Upcoming Demand

Road Safety Market Industry Size-Share, Global Trends, Key Players Strategies, &Upcoming Demand
Market Analysis and Insights: Global Road Safety Market
The road safety market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 10.1% in the forecast period of 2021 to 2028 and expected to reach USD 8,542.86 million by 2028. The increasing growth in number of accidents is boosting the growth of the market.

Road safety involves taking several steps for reducing the risk of road traffic injuries and death. The road safety measures are not only taken for car occupants but are also taken for cyclists, pedestrians and motorcyclists. The increase in the number of road accidents especially in the regions that lack road safety infrastructure has created a high need for road safety solutions to prevent these accidents.

Surging number of road accidents led to the rise of more usage of road safety solution which in result drives the growth of road safety market. Technical complications associated with road safety technologies hinder the overall growth of road safety market. Surging growth in connected vehicles integrated with intelligent transportation systems (ITS) is acting as major window of opportunity for the road safety market. High risk of cyber-attacks and personal information thefts is acting as a major challenge for the growth of road safety market.

This road safety market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
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