openPR Logo
Press release

Road Safety Market

02-16-2017 01:38 PM CET | Industry, Real Estate & Construction

Press release from: TMR Research

Numerous systems, devices, and technologies are leveraged to ensure safety on highways, bridges, tunnels, and urban roads. Together they constitute the global road safety market, which at present is characterized by the presence of many players both from the private and public sectors. As a result, the competitive landscape is fragmented.

Depending upon the different solutions for road safety available, the global market can be classified into automatic license plate recognition, red light enforcement, incident detection system, speed enforcement, and bus lane compliance, among others. Among them, the red light enforcement segment and the automatic license plate segment shows maximum promise.

Get a Free Brochure of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=770

Based on the type of service, the global road safety market can be segmented again into professional services and management services. Professional services is comprised of training, support, and maintenance, consulting and system integration, and risk assessment and analysis. Of these, the consulting and system integration services is forecasted to gain the most in the near future and also account for maximum market share.

Global Road Safety Market: Trends and Opportunities

Majorly boosting growth in the global road safety market is the massive spending on roadways, including highways and bridges, tunnels and urban roads across the globe. Another crucial growth driver is the rising prevalence of road accidents on account of more vehicles plying on the roads. Speeding or rash driving with utter disregard for rules mostly result in accidents. Efforts to stem them has led to the swift uptake of road safety devices and systems such as the automatic license plate recognition solution. Automatic license plate recognition, for example, is easy to install and has functionalities such as video cameras, speed calculation, and alarms to monitor vehicles.

Request TOC of the report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=770

Red light enforcement is anticipated to contribute the most to the global market for road safety. This is because red light enforcement is easy to install and comparatively cheaper. Additionally, with the emergence of smart cities and increased safety measures adopted by governments, the red lights will see further demand.

The smart city initiatives by various governments has dramatically upped the need for advanced infrastructure development and new technologies such as incident response systems, driver assistance systems, vehicle lane enforcement systems, automatic number plate recognition systems.

Read Complete Report @ https://www.tmrresearch.com/road-safety-market

Global Road Safety Market: Regional Outlook

Geographically, the key segments of the global market for road safety are Asia Pacific, Europe, North America, and the Rest of the World. North America, among them, holds a leading position due to the early adoption of the latest cutting-edge technologies and the presence of a host of solution providers in the region. In the years ahead, however, Asia Pacific is slated overtake all other regions in terms of growth rate on account of the stellar economic growth and various government initiatives to bolster road safety in the region. Countries of Australia, India, China, and Philippines, for instance, have undertaken major initiatives to better strategic planning, agency capability, and evaluation of road safety projects. Alongside Asia Pacific, the Middle East and Africa is forecasted to offer good growth opportunities for players too in the near future.

Companies Mentioned in Report

To present a detailed assessment of the competition prevailing in the global market for road safety, the report profiles companies such as Swarco AG, American Traffic Solutions, Kapsch AG, Jenoptik, Motorola Solutions, Inc., and Redflex.

About Us:
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Contact Us:
Rohit Bhisey
Head Internet Marketing
Tel: +1-518-618-1030
Email: sales@tmrresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Road Safety Market here

News-ID: 440092 • Views: 569

More Releases from TMR Research

Environmental Testing Market Listing Product Drawbacks 2029 | SGS SA, Eurofins, …
Global Environmental Testing Market: Overview Environmental testing is about testing various components of the environment for levels of specific pollutants. Be it air, water or soil, to ascertain the usability of a specific region, testing needs to be done for the kind of production it can sustain. Such testing is done in laboratory settings and can be outsourced or done in-house – depending on the size of the industry that requires
Switchgears Market Highlights On Evolution 2029 | Schneider Electric, Eaton Corp …
Global Switchgears Market: Overview The apparatus that is utilized for the purpose of switching on or off, regulating, and controlling electrical circuit in the electrical power system is called a switchgear. The control panels switches, lightning arresters, indicating instrument, current and potential transformer, fuses, relays, isolator, circuit breaker, and switches are instances of switchgear devices. Supply chain is directly connected with the switchgear system. The system is placed in the low
Oil and Gas Terminal Automation Market Trends and Dynamic 2029 | Yokogawa Electr …
Oil and Gas Terminal Automation Market: Overview The oil and gas terminal automation market may experience good growth across the forecast period of 2019-2029 mainly due to the revamping of oil and gas infrastructure with the latest technologies and innovations. Oil and gas terminals are hubs that store and assist in the distribution of oil and gas to the vast expanse of end-users. The comfort and convenience offered by the oil
Offshore Rental Equipment Market Explorer Growth Trends, Analysis and Forecast T …
Global Offshore Rental Equipment Market: Overview The rental equipment primarily finds use in the drilling activities and these activities need costly machineries for carrying out extraction activities. This factor is likely to widen the scope of growth of the global offshore rental equipment market over the tenure of assessment. Rise in the price of oil and gas has compelled contractors to make the most use of these extraction activities. Rental equipment

All 5 Releases


More Releases for Asia

Asia IVD Market
According to a new report published by Allied Market Research, the Asia Pacific In-vitro diagnostics market was valued at $12.9 billion in 2015, and is expected to reach $19.0 billion registering a CAGR of 5.6% during 2016 to 2022. The report offers a detailed analysis of the key segments, top investment pockets, changing dynamics, market size & estimations, and competitive scenario. Download Free Sample Report @ https://www.alliedmarketresearch.com/request-sample/1256 The Asia-Pacific IVD market is
RAMPF Korea – Producing in Asia for Asia
Joint Venture for the Asian markets – The international RAMPF Group has realigned the cooperation with its long-standing partner Orient Dosiertechnik from Korea with the founding of RAMPF Korea Co., Ltd. The new company based in Hwaseong City is developing and producing mixing and dispensing systems specifically for the Asian markets. Within the framework of the new joint venture based in Hwaseong City, mixing and dispensing systems are being developed and
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
MES: Expansion in Asia
Berlin, November 24, 2014: Model Engineering Solutions (MES), the Berlin-based specialist for model-based software development, has significantly expanded its business in Asia. In recent years, MES has built up a network of local partners in Japan, Korea, China, and India in order to benefit from the growing market and increasing interest in model-based development and ISO 26262 in Asia. Asia: Driving force in the automotive industry The automotive industry continues
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
UDT Asia 2011
Clarion Events hosts the Undersea Defence Technology (UDT) Asia 2011 conference and exhibition to bring senior naval and industry personnel together to cover underwater developments in the region Singapore, May 30 – Clarion Events is hosting UDT Asia on 30 November – 1 December 2011. The event brings together the undersea defence community in Asia, featuring top regional naval speakers, who will be addressing the latest underwater requirements for Asian navies. According