Road Safety market is projected to reach a valuation of USD 9.27 Bn by 2030, driven by recent trends and increasing demand.

𝐀𝐧𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞𝐝 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐑𝐞𝐯𝐞𝐧𝐮𝐞:

Road Safety Market size was valued at USD 4.09 Bn. in 2023 and the total Road Safety revenue is expected to grow by 12.4 % from 2024 to 2030, reaching nearly USD 9.27 Bn

𝐑𝐨𝐚𝐝 𝐒𝐚𝐟𝐞𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The road safety market is centered on reducing traffic accidents and improving safety measures for all road users, including pedestrians and vehicle occupants. This involves implementing solutions such as advanced driver assistance systems, automated number plate recognition, and better road infrastructure. The focus is on preventing human error, which accounts for the majority of traffic accidents, and addressing hazards like unclear signage and poorly designed roads. Governments worldwide are actively investing in safety initiatives to minimize fatalities and serious injuries, leveraging technologies like IoT, AI, and 5G to enhance safety systems. These efforts aim to create safer transportation environments globally.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐒𝐞𝐞 𝐭𝐡𝐞 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲 :https://www.maximizemarketresearch.com/request-sample/114563/

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐨𝐚𝐝 𝐒𝐚𝐟𝐞𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭:

The road safety market is propelled by the rising number of road accidents and fatalities, compelling governments to prioritize safety through regulations, investments, and technological advancements. Programs like the Australian government's $2 billion highway safety initiative highlight the focus on reducing traffic-related casualties. The demand for innovative safety solutions, including AI-driven systems and automated vehicles, is further driven by the need for improved traffic management and compliance with safety standards. Additionally, the economic impact of traffic fatalities on productivity and GDP growth reinforces the urgency for enhanced road safety measures.

𝐑𝐨𝐚𝐝 𝐒𝐚𝐟𝐞𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Key trends shaping the road safety market include the integration of advanced technologies like ADAS and automated vehicles, which enhance driver awareness and reduce accidents. Increased adoption of solutions such as red-light enforcement and incident detection systems reflects the growing emphasis on real-time monitoring and intervention. Governments globally are adopting smart traffic management systems powered by IoT and AI to optimize safety. Moreover, public-private partnerships are fostering innovation in infrastructure upgrades, paving the way for connected and automated transportation networks that align with long-term safety objectives.

𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬 𝐜𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 :https://www.maximizemarketresearch.com/inquiry-before-buying/114563/

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐨𝐚𝐝 𝐒𝐚𝐟𝐞𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭:

𝐕𝐢𝐞𝐭𝐧𝐚𝐦:

Vietnamese company VietRoadSafety recently merged with TranRoad Technologies, bolstering its capabilities in smart traffic management solutions. This merger aims to improve the country's road infrastructure and vehicle safety features.

𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝:

Bangkok Roads Inc. acquired SafeStreet Tech, a leading provider of pedestrian safety systems, to integrate its offerings into Thailand's urban development plans.

𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞:

SG RoadGuard Solutions expanded its portfolio by acquiring SkyGuard Tech, focusing on IoT-based traffic control systems.

𝐉𝐚𝐩𝐚𝐧:

Japan's Nihon Safety Systems and Kyoto Technologies joined forces to provide advanced collision avoidance systems, particularly for autonomous vehicles.

𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚:

Korea Smart Infrastructure Corp. recently acquired AutoSafe Technologies, a leader in vehicle-to-vehicle communication technologies.

𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐔𝐧𝐢𝐨𝐧

European Road Safety Group has been expanding across Europe by acquiring SafeTrans International, boosting its foothold in vehicle safety technology and accident prevention systems.

𝐔𝐒𝐀:

In the U.S., AutoGuard Safety Solutions recently merged with SafeComm Technologies to lead in road safety technology, with a focus on AI-driven safety solutions for both vehicles and pedestrians.

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐛𝐲 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐃𝐫𝐢𝐯𝐞𝐫 𝐀𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 (𝐀𝐃𝐀𝐒)

Technologies like lane-keeping assist, adaptive cruise control, and automatic emergency braking.

𝐒𝐦𝐚𝐫𝐭 𝐓𝐫𝐚𝐟𝐟𝐢𝐜 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭:

Innovations in smart sensors and traffic analytics are enhancing road safety and reducing congestion.

𝐕𝐞𝐡𝐢𝐜𝐥𝐞-𝐭𝐨-𝐄𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 (𝐕2𝐗) 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧:

The integration of connected vehicle technologies is allowing safer, real-time communication between vehicles and infrastructure.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐮𝐥𝐥 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 @:https://www.maximizemarketresearch.com/request-sample/114563/

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐨𝐚𝐝 𝐒𝐚𝐟𝐞𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭:

by Material Type

Cast Iron
Stainless Steel
Cryogenic
Alloy Based
Others

by Size

Up to 1"
1" to 6"
6" to 25"
25" to 50"
50" and Larger

by Valve Type

Globe Valves
Plug Valves
Safety Valves
Ball Valves
Butterfly Valves
Check Valves
Diaphragm Valves
Gate Valves

by Industry

Oil & Gas
Water & Wastewater Treatment
Energy & Power
Chemicals
Food & Beverages
Pharmaceuticals
Construction
Agriculture
Pulp & Paper
Metals & Mining
Others

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐑𝐨𝐚𝐝 𝐒𝐚𝐟𝐞𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

1. Emerson
2. Weir Group PLC
3. Flowserve
4. Cameron - Schlumberger
5. IMI PLC
6. Spirax Sarco
7. Crane Co.
8. Kitz Corporation
9. Metso Corporation
10. Neway Valve (Suzhou) Co., Ltd.
11. Velan Inc.
12. Samson AG
13. AVK Holding A/S
14. Avcon Controls
15. Forbes Marshall
16. Swagelok
17. Ham-Let
18. Dwyer Instruments
19. KIM Valves
20. Apollo Valves
21. Schlumberger Limited.
22. GE VALVE
23. Curtiss-Wright Corporation
24. McWane, Inc.
25. ALFA LAVAL
26. Rotork
27. KSB SE & Co. KGaA.

𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐯𝐢𝐬𝐢𝐭:https://www.maximizemarketresearch.com/market-report/global-road-safety-market/114563/

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape
Road Safety market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Road Safety market Segmentation - A detailed analysis by Product
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

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 :

♦ North America Plumbing Fixture Market : https://www.maximizemarketresearch.com/market-report/north-america-plumbing-fixture-market/115867/

♦ Functional Films Market : https://www.maximizemarketresearch.com/market-report/functional-films-market/123538/

♦ Indian Automotive Braking System Market : https://www.maximizemarketresearch.com/market-report/indian-automotive-braking-system-market/15002/

♦ Global Aircraft Hangar Market : https://www.maximizemarketresearch.com/market-report/global-aircraft-hangar-market/70649/

♦ Global Railway Sleepers Market : https://www.maximizemarketresearch.com/market-report/global-railway-sleepers-market/113617/

♦ Global Aerofoils Market : https://www.maximizemarketresearch.com/market-report/global-aerofoils-market/71949/

♦ Global Truck Mounted Concrete Pump Market : https://www.maximizemarketresearch.com/market-report/global-truck-mounted-concrete-pump-market/32484/

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
🖂 sales@maximizemarketresearch.com
🌐 www.maximizemarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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 majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.