Road Safety Market Industry Share, Size, Growth, Demands, Revenue, Forecast to 2028

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The road safety market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 10.1% in the forecast period of 2021 to 2028 and expected to reach USD 8,542.86 million by 2028. The increasing

The Road Safety Market Globally at a rate of 10.01% in the forecast period 2022 to 2029.

  • The leading players in the Road Safety Market are making moves like product launches, joint ventures, developments, mergers, and acquisitions which are affecting the market and ICT Industry as a whole and also affecting the sales, import, export, revenue, and CAGR values.
  • The universal Road Safety Market report is a professional and detailed market study focusing on primary and secondary drivers, market share, leading segments, and geographical analysis.
  • The report also includes a comprehensive evaluation of the market’s growth prospects and restrictions. Besides, the Road Safety Market analysis report gives insights into revenue growth and sustainability initiative.
  • Clients can experience a nice combination of the best industry insight, practical solutions, talent solutions, and the latest technology while utilizing or applying the realistic Road Safety Market report for business growth.
  • With the data covered in this business report, the marketing of goods can be made efficient and economical which leads to the elimination of all types of wastage.
  • Major insights of the report include a complete and distinct analysis of the market drivers and restraints, major market players involved like the ICT industry, detailed analysis of the market segmentation, and competitive analysis of the key players involved.
  • An international Road Safety Market report is generated by a team of multilingual researchers who are skilled in different languages and hence perform market research internationally.
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What Our Report Provides and Why Our Offering Is Better:

This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2022 to 2029. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.

 

What are the Market Scope and Size  of the Road Safety Market?

  • On the basis of components, the road safety market has been segmented into solutions and services.
  • In 2021, the solutions segment dominates the overall market due to the rise in the demand for enforcement solutions in developing countries.
  • On the basis of technology, the road safety market has been segmented into surveillance, sensors-based devices, radar, and analytics.
  • In 2021, the surveillance segment augments the market with the largest market share as this is considered to be the primary and convenient solution for road safety by monitoring activities or gathering data regarding speed issues, mishaps, and accidents with the utilization of surveillance cameras.

What is the Market Analysis and Insights of the Road Safety Market?

The road safety market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 10.1% in the forecast period of 2021 to 2028 and is expected to reach USD 8,542.86 million by 2028. The increasing growth in the number of accidents is boosting the growth of the market.

 

Road safety involves taking several steps for reducing the risk of road traffic injuries and death. Road safety measures are not only taken for car occupants but are also taken for cyclists, pedestrians, and motorcyclists. The increase in the number of road accidents especially in the regions that lack road safety infrastructure has created a high need for road safety solutions to prevent these accidents.

What are the Key Players in the Road Safety Market?

Some of the major players operating in the road safety market are JENOPTIK AG, Sensys Gatso Group AB, SWARCO, INFORMATION ENGINEERING GROUP INC., Syntel (Pty) Ltd (a subsidiary of Hosken Consolidated Investments), Kapsch TrafficCom AG, Redflex Holdings, FLIR Systems, Inc., Cubic Corporation, VITRONIC Dr.-Ing. Stein Bildverarbeitungssysteme GmbH, Truvelo Ltd, Optotraffic, LLC, Laser Technology, Inc., Motorola Solutions, Inc., Verra Mobility, Siemens, Dahua Technology Co., Ltd, Clearview Intelligence Ltd, Conduent, Inc., Tattile S.r.l., Traffic Logix among others. DBMR analysts understand competitive strengths and provide competitive analyses for each competitor separately.

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MAJOR TOC OF THE REPORT

Chapter One: Introduction

Chapter Two: Market Segmentation

Chapter Three: Market Overview

Chapter Four: Executive Summary

Chapter Five: Premium Insights

Chapter Six:  Road Safety Market

Get TOC Details https://www.databridgemarketresearch.com/toc/?dbmr=global-road-safety-market

 

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