Road Safety Market size was valued at US$ 2.88 Bn. in 2020 and the total revenue is expected to grow at 12.4 % through 2021 to 2027, Road Safety Market is reaching nearly US$ 6.53 Bn. by 2027.
Road Safety Market Overview:
Maximize Market Research performed extensive primary and secondary research to produce its report, which is titled Global Road Safety Market by Manufacturers, Regions, Type, and Application, Forecast to 2027. The study looks at every significant aspect of the market, as well as its dynamic trends, business climate, and distinguishing traits. The global Road Safety market was examined using this research methodology, and the findings were logically presented in this report.
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Market Scope:
Critical information and analytical insights are included in the global Road Safety market research report to give readers a thorough understanding of the market's size, share, growth, trend, demand, top players and industry profiles, opportunities, value cycle, end users, technology, types, and application. The study will also provide stakeholders with access to micro-market investment prospects and a comprehensive analysis of the competitive environment and key rivals' product offerings.
The qualitative and quantitative data in the Road Safety market analysis may help decision-makers identify important potential areas as well as market segments, geographies, and driving factors that are most likely to grow quickly. The report also looks at future market trends and the competitive environment of major industry players.
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Segmentation:
More than half of global revenue in 2020 came from the section responsible for speed and red light enforcement. The segment is anticipated to expand at a CAGR of more than 10% during the forecast period. These systems were traditionally installed at road intersections or alongside roadways to impose traffic discipline. As technology advanced, businesses started concentrating on developing systems that integrate speed and red-light monitoring capabilities into a signal device. These improvements in product design in 2020 fueled market expansion, which is anticipated to last for the following seven years. For instance, TraffiStar and Jenoptik provide high-resolution cameras for both speed monitoring and red light enforcement.
Key Players:
• Kapsch Traffic Com
• 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
• Traffic Management Technologies
• AABMATICA
• Clearview Intelligence
• Dahua Technology
• Truvelo
• Trifoil
• Continental AG
The competitive environment is a critical element that all significant participants need to be aware of. Readers can understand competitiveness at both the domestic and international levels thanks to the research's illumination of the competitive environment of the global Road Safety market. Production, product portfolio, and operational regions are all important variables. Additionally, key criteria such as firm size, market share, market growth, revenue, production volume, and profitability are used to evaluate the study's participants' companies.
The study emphasises the BCG matrix, heat map analysis, Competitive Benchmarking, SWOT analysis, player market share analysis, in-depth profiling, product/service, and business description in order to better correlate market competitiveness.
Regional Analysis:
You can better grasp the Road Safety market in various regions thanks to the geographic analysis in our study. Anywhere, a multitude of factors, including politics, geography, and consumer tastes, have an impact on the Road Safety market. The operation of the Road Safety market has a significant impact over community planning initiatives. We swiftly outline each region's characteristics, market size, growth rate, imports, and exports in our research of North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report, which evaluated the domestic and international Road Safety markets by examining market trends, significant opportunities, and factors that affect particular sectors, strategically presented the study's findings.