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Road Safety Market Research Report, Demand, Industry Analysis, Share, Growth, Applications, Types and Forecasts Report 2027

The global Road Safety Market will be worth USD 5.77 Billion by 2027, according to a current analysis by Emergen Research.

All of the segments studied in the research study are analyzed on the basis of BPS, market share, revenue, and other important factors. Our research study shows how different segments are contributing to the growth of the global Road Safety market. It also provides information on key trends related to the segments included in the report. This helps market players to concentrate on high-growth areas of the global Road Safety market. The research study also offers separate analysis on the segments on the basis of absolute dollar opportunity.

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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.

The Asia Pacific region is expected to be the fastest-growing region over the forecast period. Adoption of advanced technologies, such as the Internet of Things (IoT) and data analytics solution in the transportation system has driven the growth of road safety solutions in the region.

Key participants include SWARCO, REDFLEX HOLDINGS, SENSYS GATSO GROUP, JENOPTIK, IDEMIA, KAPSCH TRAFFICCOM, MOTOROLA SOLUTIONS, FLIR SYSTEMS, CUBIC CORPORATION, and SIEMENS, among others.

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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)

Regional Outlook (Revenue, USD Billion; 2017-2027)

North America

Europe

Asia Pacific

Latin America

MEA

Report Objectives

Examine the size of the global Road Safety market based on the parameters of value and volume.

Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global Road Safety market.

Explore the underlying dynamics of the global Road Safety market.

Highlight significant trends of the global Road Safety market based on factors including, production, revenue, and sales.

Extensively profile top players of the global Road Safety market and showing how they compete in the industry.

Study manufacturing processes and the costs, product pricing, and various trends associated with them.

Analyze the performance of different regions and countries in the global Road Safety market.

Forecast the market size and share of all segments and regions in the global landscape.

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Key questions answered in the report

What will be the market size in terms of value and volume in the next five years?

Which segment is currently leading the market?

In which region will the market find its highest growth?

Which players will take the lead in the market?

What are the key drivers and restraints of the market’s growth?

Research Methodology

Data triangulation and market breakdown

Research assumptions Research data including primary and secondary data

Primary data includes breakdown of primaries and key industry insights

Secondary data includes key data from secondary sources

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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. Growing demand in the packaging sector

4.2.2.2. Growth of the building & construction industry

4.2.2.3. Increasing usage in production of adhesive bandages

4.2.2.4. Surging demand from the APAC region

4.2.3. Market restraints analysis

4.2.3.1. Volatility in the price of raw materials

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

Chapter 5. Road Safety Market By Resin Type Insights & Trends, Revenue (USD Million)

Chapter 6. Road Safety Market By Substrate Insights & Trends Revenue (USD Million)

Chapter 7. Road Safety Market By Distribution Channel Insights & Trends Revenue (USD Million)

Chapter 8. Road Safety Market By Application Insights & Trends Revenue (USD Million)

Chapter 9. Road Safety Market Regional Outlook

Continued…

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Road Safety Market 2021: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2028


“The global Road Safety Market study offers a compilation of the current, historical, and future outlook of the industry as well as the factors responsible for market growth. With a SWOT analysis, the business study highlights the weaknesses, strengths, opportunities, and threats of each Road Safety Market player in a comprehensive way.

Under the COVID-19 outbreak analysis, this report provides analysis of import, supply chain, and export to future influence on the industry and regional government policies. Enterprise competition pattern, detailed analysis about market status, advantages and disadvantages of enterprise products, macroeconomic policies and regional industrial layout characteristics, industry development trends have also been included. The trends of product sales channel will be offered as well.

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Considering COVID-19, this report offers a complete and exhaustive analysis on how the epidemic has pushed transformation and reform in the industry. The market study can help understand the market expansion and strategies for business accordingly. In the strategy analysis, it gives insights from market positioning marketing channel to potential growth strategies, thereby providing an in-depth analysis for new entrants or existing competitors in the Road Safety industry.

Key Players: Jenoptik, Kapsch TrafficCom, Sensys Gatso Group, Redflex Holdings, Verra Mobility, IDEMIA, FLIR Systems, Motorola Solutions, SWARCO, Information Engineering Group, Cubic Corporation, Siemens, Conduent, , VITRONIC, Kria, Laser Technology, Optotraffic, Syntell, Traffic Management Technologies, AABMATICA, Clearview Intelligence, Dahua Technology, Truvelo, Trifoil.

The market analysis on the Road Safety offers a bird’s eye view of the current proceeding within the Road Safety Market. The market analysis report has incorporated an analysis of various factors that augment the markets growth. It constitutes restraints, trends, and drivers that transform the market in either a negative orpositive manner.

Road Safety Market

This market analysis also offers the scope of different segments and applications that can actually impact the market in the future. The thorough information is based on present trends and historic milestones. The market analysis mentions the volume of sales by region from 2015 to 2026. A thorough evaluation of the limitations included in the market analysis portrays the drivers and gives room for strategic planning.

Global Road Safety Market: Segment Analysis

Each type offers information about return over the forecast period of 2018 to 2028. The sales method segment also offers revenue by volume and sales over the forecast period of 2018 to 2028. Understanding the segments helps in classifying the importance of various factors that support market growth.

Following are the segmentation covered by the market study: By Solution (Red Light, Speed, Bus Lane, Section Enforecement, ALPR/ANPR, & Incident Detection & Response),By Service (Consulting & Training, System Integration & Deployment, Support & Maintenance)

Global Road Safety Market: Regional Analysis

The market analysis report includes a thorough study of various factors that determine regional growth such as environmental, economic, social political status, technology, and region. Market analysis has studied the data of sales, revenue, and manufacturers of each region. The market analysis provides region-wise volume and revenue for the forecast period of 2016 to 2028. This market analysis will support the market participants to understand the potential worth of investment in a particular region.

Region- wise Analysis of the Global Road Safety Market covers:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

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Global Road Safety Market: Competitive Landscape

This market analysis report classifies numerous key manufacturers of the industry. It supports the reader in understanding the policies and collaborations that the industry participants are focusing on in order to combat competition in the industry. The comprehensive market analysis offers a note worthy microscopic look at the industry. The market analysis can classify the footprints of the manufacturers by giving the global revenue of manufacturers and sales by manufacturers, and the global price of manufacturers over the forecast period of 2018 to 2028.

Major Aspects covered in the Report are –

  • An overview of the Road Safety Market comprising production, consumption, status, and estimation and market growth.
    • 2016-2028 historical data and market forecast.
    • Overview of the product type market as well as development.
    • Overview of the end-user market and development.
    • Geographical analysis with major countries.

Further, the report provides niche insights for a decision about every possible segment, helping in the strategic decision-making process and market size estimation of the Road Safety Market on a regional and global basis. Unique research designed for market size estimation and forecast is used for the identification of major companies operating in the market with related developments. The report has an exhaustive scope to cover all the possible segments, helping every stakeholder in the Road Safety Market.

– North America (U.S., Canada, Mexico)
– Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
– Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
– Latin America (Brazil, Rest of L.A.)
– Middle East and Africa (Turkey, GCC, Rest of Middle East)

Industry Highlights
In the Road Safety Market Study, the Study explores all supply and demand factors shaping the market and also assesses market conditions impacting the market over the forecast timeframe, i.e. constraints, drivers, prospects and future developments. The Road Safety Market Report also includes a detailed PEST analysis of societal, political, economic, and technical factors affecting the market in these areas for all five regions.

The following is the TOC of the report:
1. Executive
2. Assumptions and Acronyms Used
3. Research Methodology
4. Road Safety Market Overview
5. Road Safety Analysis and Forecast by Type
6. Road Safety Market Analysis and Forecast by Application
7. Road Safety Market Analysis and Forecast by Sales Channel
8. Road Safety Market Analysis and Forecast by Region
9. North America Road Safety Market Analysis and Forecast
10. Latin America Road Safety Market Analysis and Forecast
11. Europe Road Safety Market Analysis and Forecast
12. Asia Pacific Road Safety Market Analysis and Forecast
13. Asia Pacific Road Safety Market Size and Volume Forecast by Application
14. Middle East & Africa Road Safety Market Analysis and Forecast

Reasons for buying this report:

  • It offers an analysis of changing competitive scenario.
  • For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies.
  • It offers seven-year assessment of Global Road Safety
  • It helps in understanding the major key product segments.
  • Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities.
  • It offers regional analysis of Global Road Safety Market along with business profiles of several stakeholders.
  • It offers massive data about trending factors that will influence the progress of the Global Road Safety

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Road Safety Market size Reflect Impressive Growth Rate during 2024

Overview:

Road safety can be defined as a measure taken to prevent incidents on the road that could elevate the danger for road users as well as critical infrastructure along the way. Thus, technologies that enhance road safety are crucial for government bodies, taking into consideration the “cost-of-loss” resulting from the loss of life and/or infrastructural damages. Additionally, the time lost to traffic congestions due to such incidents further aggravates the concerns for civil authorities and road users alike.

Strict rules & regulations have been implemented across various cities to ensure smooth flow of traffic. Consequently, various technology vendors have been able to leverage their capabilities to enhance road safety by implementing technologies such as real-time traffic monitoring with sensors to detect speed violations, in-vehicle driver assistance, and incident detection systems in case of emergency/road accidents.

The availability of innovative technologies, including driver assistance, V2V communication, incident detection and response, and automatic number plate recognition systems, has bolstered the overall road safety ingenuities across smart city initiatives shaping up globally; thus, resulting in a huge window of opportunity for the key players in the market.

Market Analysis:

According to Infoholic Research, the global road safety market revenue is expected to reach $7.01 billion by 2024, growing at a CAGR of around 17.16% during the forecast period. The market is experiencing growth due to the increasing mobility and rise in the number of vehicles on the road. In addition, the construction of safer roads, development of infrastructure for the safety of pedestrians & cyclists, and the adoption of safer riding measures will further reduce injuries and contribute to the safety among the population.

Market Segmentation Analysis:

The report provides insights about major technology trends, supporting solutions & services, and application areas that govern road safety globally. The evaluation is backed with quantitative and qualitative analysis, historical data, and other supportable projections about the market size. The projections featured in the report have been derived using proven research methodologies and assumptions based on vendor assessments from annual reports, whitepapers, press releases, and investor presentations along with end-user analysis for case studies. Thus, the research report serves every side of the market and is segmented based on regional markets, types, applications, and end-users.

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Regional Analysis

The Americas is expected to dominate the market, with US and Canada being the forefront adopters of technologies with better test facilities and rapid implementations backed with sufficient funding to implement infrastructural projects quickly compared to other regions. The EMEA region is next to the Americas with the presence of a large number of equipment manufacturers and solution providers.

The countries covered in the report are Canada, Mexico, UK, France, US, Germany, India, China, and Japan. Among these, Japan, US, and China are expected to grow at a high rate during the forecast period owing to an increase in the penetration rate of connected devices and growing adoption of cloud computing.

Competitive Analysis:

The report contains an in-depth analysis of the vendor profiles, which include financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. The key players operating in the road safety market include Motorola Solutions, American Traffic Solutions, Rad Data Communication, Jenoptik, Kapsch AG, Swarco AG, Redflex, Thales, Tyco, Alcatel-Lucent, and Siemens AG. The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D.

The report covers and analyzes the global road safety market. Various strategies such as joint ventures, partnerships, collaborations, and contracts have been considered. In addition, partnerships are expected to increase as customers are in search of better solutions. It is likely that the number of mergers, acquisitions, and strategic partnerships will increase as well during the forecast period.

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The report includes complete insights of the industry and aims to provide an opportunity for the emerging and established players to understand the market trends, current scenario, initiatives taken by the government, and the latest technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and take informed decisions.

Benefits

The report provides an in-depth analysis of the global road safety market with an aim to reduce time to market for products and services, reduce operational cost, improve accuracy, and operational performance. The report covers types, applications, and regions. Further, the report provides details about the major challenges impacting the market growth.

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Road Safety Market : Segmentation by Manufacturers, Application, Type & Regions