Press release
Road Safety Market 2023: By Share, Trends, Growth And Forecast To 2032 | Kapsch TrafficCom AG, Sensys Gatso Group, Redflex Holdings, Verra Mobility, Teledyne FLIR LLC
Road Safety Market Analysis
As per the road safety market report by The Business Research Company, the increasing number of road accidents and fatalities is significantly contributing to the growth of the road safety market going forward. Road traffic accidents are defined as collisions involving two or more objects on the road leading to severe injury or death. Road safety systems monitor and identify threats to road safety, and they educate and enforce road safety norms to prevent road accidents.
The global road safety market size grew from $3.44 billion in 2022 to $3.83 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The road safety market size is expected to grow to $5.63 billion in 2027 at a CAGR of 10.1%.
Read More On The Road Safety Market Report Here:
https://www.thebusinessresearchcompany.com/report/road-safety-global-market-report
Major competitors in the Road Safety market include Kapsch TrafficCom AG, Sensys Gatso Group, Redflex Holdings, Verra Mobility, Teledyne FLIR LLC, Motorola Solutions Inc., Information Engineering Group Inc., Cubic Corporation, Siemens AG, Conduent Inc., VITRONIC, Laser Technology Inc., Syntell, Clearview Intelligence, Dahua Technology, Truvelo Specialised Manufacturing, Jenoptik AG, IDEMIA, TriFoil Imaging.
The Road Safety market is segmented -
By Service: Consulting And Training, Support And Maintenance, Managed
By Solution: Light Speed, Bus Lane And Section Enforcement, ALPR/ANPR, Incident Detection And Response, Other Solutions
By Vehicle Type: Passenger Cars, Lighht Commercial Vehicles, Heavy Commercial Vehicles
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Road Safety market.
Request A Free Sample Of The Road Safety Market Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7713&type=smp
Road safety refers to strategies and tactics for lowering the likelihood that someone may be involved in a car accident. The road safety is used to prevent road users from getting severely injured or being killed by the means of spreading awareness through various road safety tools including road signs, fences, speed detectors and others.
The Table Of Content For The Road Safety Market Include:
1. Executive Summary
2. Road Safety Market Characteristics
3. Road Safety Market Trends And Strategies
4. Road Safety Market - Macro Economic Scenario
5. Road Safety Market Size And Growth
……
26. Africa Road Safety Market
27. Road Safety Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Road Safety Market
29. Road Safety Market Future Outlook and Potential Analysis
30. Appendix
The "Global Road Safety Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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