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

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.

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Key Highlights From The Report

• 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.

Road Safety Market Segmentation:

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)  

Regional Analysis:

The global Road Safety market report broadly considers the market mechanism of both the developing and developed regions of the market. This section provides crucial data and information about the different market regions, a country-wise analysis of the Road Safety industry, and an assessment of the market reach and consumer base in the key geographical regions to enable readers to formulate effective business expansion strategies.

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)

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Key Reasons to Buy This Report:

• The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
• It entails a detailed inspection of the Road Safety market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
• The report provides the reader with a deep understanding of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and powerful business tactics.
• Furthermore, the report identifies the key regions and segments that influence the Road Safety market.

The report considers the following timeline for market estimation:

• Historical Years: 2017-2018
• Base Year: 2019
• Estimated Year: 2020
• Forecast Years: 2020-2027

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…!

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