Press release
Road Safety Market 2017 : Regional Outlook, Growth Drivers And Key Players
Market Definition: Global Road Safety Market
Road safety is the measure taken in order to avoid danger, accidents, or serious injuries. Road users include pedestrians, vehicle passengers, and on-road public transport. Various steps have been taken in order to prevent these incidents. Strict traffic rules regulation, making road users aware about the reasons of accidents, and injuries taking place may get beneficial to promote road safety measure. Increase in urbanization, and increase in road accidents/fatality rate may act as major driver in the growth of road safety market. On the other side, insufficient government funding in decentralized areas may hamper the market.
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Major market drivers & restraints:
Increase in mobility and associated demand for transportation systems
Increase in urbanization
Increase in road accidents/fatality rate
Growing government regulations for road safety
Insufficient government funding in decentralized areas
Barrier to implement advanced road safety infrastructure
Market Segmentation: Global Road Safety Market
The global road safety market is segmented on the basis of solution into red light enforcement, speed enforcement, incident detection system, bus lane compliance, automatic license plate recognition, and others.
On the basis of service, the global road safety market is segmented into professional services, and managed services. The professional services segment is further sub segmented into consulting and system integration, training, support, and maintenance, risk assessment and analysis.
On the basis of geography, the global road safety market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Company Share Analysis: Global Road Safety Market
The report for road safety market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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Major Market Competitors:
Some of the major players of the global road safety market are JENOPTIK AG, Kapsch TrafficCom, Sensys Gatso Group AB, 3M, Redflex Holdings Limited & Redflex Traffic Systems Pty Ltd, American Traffic Solutions, FLIR Systems, Inc., Motorola Solutions, Inc., SWARCO AG, INFORMATION ENGINEERING GROUP INC., Huawei Technologies Co., Ltd., Johnson Controls, Saab AB, and others.
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