Global Road Safety Market Size study by Component, Industry Players and Regional Forecasts 2019-2026

Sam

Global Road Safety Market is valued at approximately USD 2.7 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 9.3% over the forecast period 2019-2026. Road safety involves products and services that are being introduced in the market to reduce the risk of accidents, maintain traffic discipline, control and curb wayward vehicle movement and ensure the safe travel of commuters. Several technologies have been used in order to implement more security for highways and bridges, urban roads and tunnels. These technological systems, services, and solutions include speed limit enforcement, red light enforcement, bus lane enforcement, incident detection and access control. The constant need for road safety for commuters, reducing traffic and congestion on the road, new infrastructure development and longer commuting and many more are driven to boost the overall road safety market. Factors such as rising urban population and high demographic rates, rapid motorization, increasing number of road fatalities/accidents, and government initiatives for enhancing road safety, increase the growth of road safety market over the forecasted period of 2019-2026.

Request a sample report https://www.premiummarketinsights.com/sample/BRC00018381

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

Major market player included in this report are:
Jenoptik
Kapsch Traffic Com
Sensys Gatso Group
Redflex Holdings
IDEMIA
Verra Mobility
SWARCO
FLIR Systems
Motorola Solutions
Siemens

The regional analysis of global Road Safety market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing adoption of smart and automated technologies. Factors such as disposable income, sustainable and well-established economies, which invest increasingly in the road safety enhancement, would create lucrative growth prospects for the Road Safety market across North American region.

We also can offer a customized report to fulfill the special requirements of our clients.

Place Direct Purchase Order for Complete Report at https://www.premiummarketinsights.com/buy/BRC00018381

Contact Info:
Name: Sameer Joshi
Email: [email protected]
Organization: Premium Market Insights
Phone: +1-646-491-9876

About Premium Market Insights:

Premium Market Insights is a one-stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.