Road Safety Market size was valued at USD 3.64 Bn. in 2022 and the total Road Safety revenue is expected to grow by 12.4 % from 2023 to 2029, reaching nearly USD 8.25 Bn.
Road Safety Market Overview:
The Road Safety Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Road Safety Market, as well as the causes for variances in the industry’s growth in various places
Stay in the know with our Sample Report – access details through the link provided:-https://www.maximizemarketresearch.com/request-sample/114563
Road Safety Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Road Safety Market Drivers:
Traffic accidents kill around 1.2 million people and damage up to 50 million people globally. they are the greatest cause of death in people aged 15 to 29. Road traffic deaths adversely effect low- and middle-income countries, which account for 90% of global road deaths. Rising incomes in many developing countries have resulted in rapid motorization, but road safety management and laws have delayed, which expected to drive the Road Safety Market. Road traffic deaths disproportionately impact low- and middle-income countries, which account for 90% of global road deaths. Rising incomes in many developing countries have resulted in rapid motorization, but road safety management and regulations have lagged.
Reducing traffic-related deaths and injuries can boost income growth in road safety market. According to the research, road traffic deaths and injuries have an impact on medium- and long-term growth prospects by removing prime-age individuals from the labour market and lowering productivity due to the cost of injuries. The study indicates that a 10% decrease in road traffic deaths improves per capita real GDP by 3.6% over a 24-year horizon, based on thorough data on mortality and economic indicators from 135 countries. Over the period 2014-38, halving road traffic deaths and injuries might add 22% to GDP per capita in Thailand, 15% in China, 14% in India, 7% in the Philippines, and 7% in Tanzania.
Road Safety Market Segmentation:
by Solution
• Red Light & Speed Enforcement
• ANPR/ALPR
• Incident Detection & Response
• Others
by services
• Professional services
• Managed services
by Type
ENFORCEMENT SOLUTION
ENFORCEMENT SOLUTION TYPE
• Red Light Enforcement
• Speed Enforcement
• Section Enforcement
• Bus Lane Enforcement
• ALPR or ANPR
• INCIDENT DETECTION AND RESPONSE
• RAILROAD CROSSING SAFETY
• SCHOOL BUS STOP -ARM ENFORCEMENT
• BACK OFFICE SYSTEMS
Delve into further information by selecting the provided link:-https://www.maximizemarketresearch.com/market-report/global-road-safety-market/114563/
Road Safety Market Key Players: The key players are
• 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
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Road Safety Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Road Safety Market Report are:
Which sub-segment had the largest share in the Road Safety Market?
How is the competitive landscape of the Road Safety Market in 2023?
Which are the key drivers impacting 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 (2023-2029)?
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
Contact Maximize Market Research:
MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
🖂 sales@maximizemarketresearch.com
🌐 www.maximizemarketresearch.com
Get More Related Reports:
Global Compressed Air Nozzles Market https://www.maximizemarketresearch.com/market-report/global-compressed-air-nozzles-market/88114/
Global Endodontic Reparative Cement Market https://www.maximizemarketresearch.com/market-report/global-endodontic-reparative-cement-market/83439/
Global Azoxystrobin Market https://www.maximizemarketresearch.com/market-report/global-azoxystrobin-market/107455/
Refurbished Computers and Laptops Market https://www.maximizemarketresearch.com/market-report/refurbished-computers-and-laptops-market/190128/
Global Carbon Fiber Composite Heating Market https://www.maximizemarketresearch.com/market-report/global-carbon-fiber-composite-heating-market/111788/
