Press release
Road Safety Market to reach USD 8.25 Bn by 2029, emerging at a CAGR of 12.4 percent and forecast 2023-2029
Road Safety Market
This report embarks on a comprehensive exploration of the road safety market, meticulously analyzing its critical revenue-generating segments. With a judicious blend of quantitative and qualitative analyses, it offers a nuanced understanding of the market dynamics, supplemented by graphical and textual representations. Further, the report charts the market's evolution, casting projections for aggregate growth between 2022 and 2029.
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Road Safety Market Research Methodology:
The research methodology hinges on rigorous data validation and scrutiny of sources, integrating economic fluctuations and regulatory intricacies to fortify the precision of forecasts.
What are Road Safety Market Dynamics:
The burgeoning incidence of accidents and fatalities, coupled with concerted government efforts to enhance safety and the advent of novel safety initiatives by national and international agencies, propels the growth of the road safety market. Notably, several nations are making substantial investments to curtail fatalities and severe injuries. For instance, the Australian government has earmarked a direct USD 2 billion toward highway safety. Furthermore, the road safety market stands to gain from enticing growth avenues engendered by innovative safety product developments.
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Road Safety Market Regional Insights:
In 2022, North America secured the mantle of the largest market share, predominantly driven by robust technological adoption and a thriving startup ecosystem. The region boasts several leading providers of road safety solutions and harbors an avid appetite for technologies such as red-light enforcement, automatic license plate recognition (ALPR), automatic number plate recognition (ANPR), and incident detection and response. The surge in the number of drivers in the United States, buoyed by employment growth and low gas prices, augments the road safety market's growth trajectory. Moreover, the presence of over 150 automatic speed safety systems in localities across the United States fuels the demand for road safety products, spurring market expansion. The US Department of Transportation has reported a disconcerting rise in traffic deaths in multiple categories, underscoring the urgency for aggressive road safety measures in North America.
What is Road Safety Market Segmentation:
by Solution
• Red Light & Speed Enforcement
• ANPR/ALPR
• Incident Detection & Response
• Others
by services
• Professional services
• Managed services
by Type
ENFORCEMENT SOLUTION
ENFORCEMENT SOLUTION TYPE
• Red Light Enforcement
• Speed Enforcement
• Section Enforcement
• Bus Lane Enforcement
• ALPR or ANPR
• INCIDENT DETECTION AND RESPONSE
• RAILROAD CROSSING SAFETY
• SCHOOL BUS STOP -ARM ENFORCEMENT
• BACK OFFICE SYSTEMS
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Who are Road Safety Market Key Players:
• Sensys Gatso Group
• Redflex Holdings
• Verra Mobility
• IDEMIA
• FLIR Systems
• Motorola Solutions
• SWARCO
• Information Engineering Group Inc.
• Cubic Corporation
• Siemens
• Conduent
• VITRONIC
• Kria
• Laser Technology
• Optotraffic
• Syntell
• Traffic Management Technologies
• AABMATICA
• Clearview Intelligence
• Dahua Technology
• Truvelo
• Trifoil
• Continental AG
Table of content for the Road Safety Market includes:
Road Safety Market : Research Methodology
Road Safety Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Road Safety Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT and telecom, chemical, food and beverage, aerospace and defense, healthcare and others.
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