Road Safety Market Size, Share, Industry Growth, Trend, Business Opportunities, Challenges, Drivers and Restraint Research Report by 2027

nikhil.morankar

The global Road Safety Market will be worth USD 5.77 Billion by 2027, according to a current analysis by Emergen Research. Increasing government initiatives for improving road safety solutions to reduce road fatalities, such as programs like smart mobility and adopting smart transportation, is a contributing factor to the growing demand for traffic safety solutions.

Adoption of smart city initiatives and smart transportation techniques in the emerging economies such as automated traffic assistance, parking and traffic management, predictive traffic analytics, and passenger information system is expected to create lucrative opportunities for the road safety market players of road safety solutions.

Get a sample of the report from: https://www.emergenresearch.com/request-sample/396

Key Highlights From The Report

  • In April 2019, Redflex Holdings, an innovative global technology company, which designs and creates solutions that enable smarter cities, announced the launch of Halo Edge. The Halo Edge is the next generation (deep learning-based algorithms) intelligent ANPR camera solution that delivers Clean Air or low emissions zones detection.
  • The Red Light & Speed Enforcement segment held the largest market share of 51.2% in 2019. The increasing need to reduce the number of collisions and right-angle crashes has increased the adoption of the Red Light & Speed Enforcement.
  • Professional services are forecasted to grow with the fastest CAGR of 9.6% over the forecast period. The increasing need for the improvement of operational efficiency, wise financial management, and business productivity are driving the growth of the professional services in the road safety market over the forecast period.
  • Key participants include SWARCO, REDFLEX HOLDINGS, SENSYS GATSO GROUP, JENOPTIK, IDEMIA, KAPSCH TRAFFICCOM, MOTOROLA SOLUTIONS, FLIR SYSTEMS, CUBIC CORPORATION, and SIEMENS, among others.

Emergen Research has segmented the global Road Safety Market on the basis of Solutions, Services, and region:

  • Solutions Outlook (Revenue, USD Billion; 2017-2027)
    • Incident Detection & Response
    • Red Light & Speed Enforcement
    • Automatic Number Plate Recognition (ANPR)/Automatic License Plate Recognition (ALPR)
    • Others
  • Services Outlook (Revenue, USD Billion; 2017-2027)
    • Managed Services
    • Professional Services (Support and maintenance, System Integration and deployment, Consulting and Training)

Major Geographies Encompassed in the Report:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Request for Report Customization: https://www.emergenresearch.com/request-for-customization/396

Reasons to Purchase this Report:

  • The report performs qualitative and quantitative analyses of the Road Safety market based on both the economic and non-economic factors.
  • It accurately indicates the regional segments expected to witness the fastest market growth rate.
    • The report endows the reader with an in-depth understanding of the competitive landscape of the Road Safety market, withthe market ranking of the major players and their new product launches, partnerships, and various other business expansion strategies.

Table of Content:

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Road Safety Market Segmentation & Impact Analysis
4.1. Road Safety Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rapid urbanization and growth in urban population
4.2.2.2. Increasing number of road accidents
4.2.2.3. Rapid motorization
4.2.2.4. Government initiatives for enhancing road safety
4.2.2.5.  Increasing need for improvement in road infrastructure
4.2.3. Market restraints analysis
4.2.3.1. Insufficient government funding
4.2.3.2. Lack of standardized technologies
4.2.3.3. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

READ MORE…!

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/road-safety-market

Thank you for reading our report. For further inquiry about customization, kindly get in touch with us, and our team will make sure the report is best suited for your needs.

Read similar reports by Emergen Research:

Virtual Diagnostics [email protected] https://www.google.ge/url?q=https://www.emergenresearch.com/industry-report/virtual-diagnostics-market

3D Printing Healthcare [email protected] https://www.google.com.gh/url?q=https://www.emergenresearch.com/industry-report/3d-printing-healthcare-market

Spherical Graphite [email protected] https://www.google.com.gi/url?q=https://www.emergenresearch.com/industry-report/spherical-graphite-market

Digital Biomarkers [email protected] https://www.google.gr/url?q=https://www.emergenresearch.com/industry-report/digital-biomarkers-market

Sodium Dichromate [email protected] https://www.google.gl/url?q=https://www.emergenresearch.com/industry-report/sodium-dichromate-market

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: [email protected]

Facebook | LinkdIn | Twitter | Blogs

https://thetrustedchronicle.com/
Next Post

Occlusion Devices Market Competitive Landscape, Research Methodology, Business Opportunities, Statistics and Industry Analysis Report by 2027

The global occlusion devices market is projected to be worth USD 4,378.5 Million by 2027, according to a current analysis by Emergen Research. The growing demand for minimally invasive surgeries is essential in fueling the occlusion devices demand. Occlusion devices, such as embolization devices are used in minimally invasive treatment for blocking […]

Subscribe US Now