Press release
Road Safety Market size is expected to reach $9.27 Bn by 2030, as per Maximize Market research
Road Safety Market
Road Safety Market Overview
The road safety market focuses on reducing traffic accidents and protecting all road users, including pedestrians and various types of vehicles. As accidents and fatalities increase, governments and organizations are implementing new safety initiatives, boosting the demand for advanced road safety solutions. Technologies like Advanced Driver Assistance Systems (ADAS) and automated vehicles are driving market growth, while investments in infrastructure and safety products further enhance development.
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Road Safety Market drivers
The increased road fatalities and accidents, and the urgency to address this public health crisis fuels the road safety market growth. Governmental investments in road safety programs create a demand for solutions. Advanced Driver-Assistance Systems (ADAS) and technologies like automatic braking and lane departure warnings improve safety and also drive the market growth.
Road Safety Market restraints and challenges
Poor infrastructure for road, unclear signage, and lacking emergency facilities hinders safety efforts. The limited technological adoption in road safety and lack of funds for infrastructure development and maintenance are major restraints in the road safety market growth.
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Road Safety Market opportunities
Development of more sophisticated ADAS features with automated intervention capabilities holds immense promise. Leveraging data analytics for real-time monitoring and risk assessment can improve preventive measures. Sharing best practices and technology between countries can accelerate progress. Also the investment in infrastructure improvement are few of the opportunities in the road safety market's growth.
Road Safety Market regional analysis
North America Leads the Road Safety Market, the early adoption of technology, strong startups, and high demand for solutions characterize this region's growth spur. The high number of fatalities in the US has prompted the government into action. The similar initiatives are seen across Europe, Asia, and Latin America indicating a broader market growth.
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Recent News about Road Safety market
21/10/2024 Crossbeats Launched DC03 4K Dashcam To Boost Road Safety In India
1/7/2024 Press Release | Hit the road safely with the United Nations-JCDecaux Global Road Safety Campaign
2/7/2024 UN launches global road safety campaign in US with goal of halving the number of victims by 2030
21/7/2024 Viet Nam's new road safety laws to reduce road traffic deaths among children
29/2/2024 World's first global technical advisory group on motorcycle safety convened by WHO
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
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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Road Safety Market Key Players
1. Sensys Gatso Group
2. Redflex Holdings
3. Verra Mobility
4. IDEMIA
5. FLIR Systems
6. Motorola Solutions
7. SWARCO
8. Information Engineering Group Inc.
9. Cubic Corporation
10. Siemens
11. Conduent
12. VITRONIC
13. Kria
14. Laser Technology
15. Optotraffic
16. Syntell
17. Traffic Management Technologies
18. AABMATICA
19. Clearview Intelligence
20. Dahua Technology
21. Truvelo
22. Trifoil
23. Continental AG
Key questions answered in the Road Safety Market are:
• What segments are covered in the Global Road Safety Market report?
• Which region is expected to hold the highest share in the Global Road Safety Market?
• What is the market size of the Global Road Safety Market by 2030?
• What is the forecast period for the Global Road Safety Market?
Key Offerings:
• Past Road Safety Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Road Safety Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o § Competitive landscape - Road Safety Market Leaders, Market Followers, Regional player
o § 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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About Maximize
Maximize Market Research is a global market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more.
Their services cover market sizing, forecasting, competitive analysis, and customer insights, helping clients to address their strategic needs and identify emerging trends. The company emphasizes client success, offering detailed analysis and recommendations that support business transformation and operational excellence.
Maximize Market Research also provides custom research services, allowing businesses to get solutions specific to their market challenges. With a strong global presence, the company serves clients from various sectors, ensuring they stay ahead in a rapidly evolving market landscape.
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