Road Safety Market Size, Share, Growth, Emerging Trends, Top 10 Players and Industry Outlook

Road Safety Market Overview:

Market definition:…Road safety is the prevention and protection of traffic accidents by the use of all available road safety measures. Its purpose is to keep people safe when they travel on the highways. Its goal is to keep all road users safe, including pedestrians, two-wheelers, four-wheelers, multi-wheelers, and other modes of transportation. Implementing road safety measures is beneficial and safe for all people throughout their lives. Less than 3% of traffic accidents involve commercial vehicles, and of those, 85% are the result of human error—25% by the professional driver and 75% by other road users.

The report provides drivers which can be used as an advantage, restraints to overcome challenges and potential opportunities for the Road Safety market. The study analyses the primary adoption trend impacting the Road Safety industry as well as issues that may stymie its expansion. Understanding these elements is critical for product planning and design, as well as commercial strategies. To assist you understand the Road Safety market, this study provides a full analysis of these trends and obstacles. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Road Safety market.

Market Scope:

The report provides an in-depth analysis of the current market and forecasts performance over the forecast period. Our summary report profiles the key criteria of the Road Safety market to support you in making optimized business decisions. Market Overview provides detailed information on market size, regional share, benchmarking of the market players. The report helps in providing the complete knowledge of Road Safety market to redefine the business strategies and utilise them to full potential.

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The qualitative and quantitative data provided in the Road Safety market study can help in understanding which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas. It also includes professional and in-depth research on the current situation of the industry by important manufacturers.

Segmentation:

The Road Safety Market is divided into four segments: Red Light & Speed Enforcement, ANPR/ALPR, Incident Detection & Response, and Others. During the forecast period, Red Light & Speed Enforcement is expected to dominate the market. A highly accurate device known as automatic number plate recognition (ANPR) can scan vehicle licence plates without the need for human intervention. A set of metadata that identifies an image containing a vehicle licence plate and the associated decoded text of that plate is generated by using high-speed image capture with supporting illumination, character recognition to convert an image to text, character detection within the provided images, and verification that the character sequences are those from a vehicle licence plate.

by Solution

• Red Light & Speed Enforcement
• ANPR/ALPR
• Incident Detection & Response
• Others

by Service

• Professional services
• Managed services

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Key Players:

• Sensys Gatso Group
• Redflex Holdings
• Verra Mobility
• IDEMIA
• FLIR Systems
• Motorola Solutions
• SWARCO
• Information Engineering Group Inc.
• Cubic Corporation
• Siemens
• Conduent
• VITRONIC
• Kria
• Laser Technology
• Optotraffic
• Syntell

The Report provides insights on what growth strategies are being adopted by  key players such as forming strategic alliances, new product innovation etc. The report provides knowledge about if you are competing not only with companies or with alternate solution. The report helps in understanding pricing of the competitors in the Road Safety market to analyse and create pricing strategy accordingly.

Regional Analysis:

The report shows detailed impact of COVID-19 on Road Safety market in regions such as North America, Asia Pacific, Middle-East, Europe, and South America. The report provides Comprehensive analysis on alternatives, difficult conditions, and difficult scenarios of Road Safety market during this crisis. In addition, report offers a set of concepts, which is expected to aid the decision and to plan a strategy for business. The research offers market size, growth rate, and country-level data, as well as demand and supply aspects that influence worldwide Road Safety market growth in different nations.

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Key Questions answered in the Road Safety Market Report are:

• Which product segment grabbed the largest share in the Road Safety market?
• How is the competitive scenario of the Road Safety market?
• Which are the key factors aiding the Road Safety market growth?
• Which region holds the maximum share in the Road Safety market?
• What will be the CAGR of the Road Safety market during the forecast period?
• Which application segment emerged as the leading segment in the Road Safety market?
• Which are the prominent players in the Road Safety market?
• What key trends are likely to emerge in the Road Safety market in the coming years?
• What will be the Road Safety market size by 2029?
• Which company held the largest share in the Road Safety market?