The forecast years 2019 to 2025 will be great for Road Safety market in terms of CAGR levels. This report covers the market definition, classifications, applications and engagements which are very important when it comes to achieve in the Road Safety market.
The report also takes the help of SWOT analysis to provide with all the market’s restrains and drivers. The reports main objective is to show how the Road Safety market is increasing in the forecast period, by providing with a keen understanding of the market’s status on the recent developments, product launches, joint ventures, merges and accusations by the key market players and brands that are dominating the Road Safety market by showing all the company profiles.
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Road Safety Market accounted for USD 3.1 billion growing at a CAGR of 8.7% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, 2016 the base year of calculation is 2016 & 2017 and the forecast period is 2018 to 2025.
Market Key Competitor:
Some of the major players operating in this market include Jenoptik, Kapsch AG, Sensys Gatso Group AB, American Traffic Solutions, 3M, Redflex Traffic Systems, INC., FLIR SYSTEMS, INC., Motorola Solutions, INC., Idemia, Huawei Technologies Co., Ltd., Information Engineering Group Inc. Swarco AG, Conduent, INC., and Saferoad Holding ASA.
Market Company Share Analysis :
The report for road safety market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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Market Drivers & Restraints:
Increase in mobility and associated demand for transportation systems
Increase in urbanization
Increase in road accidents/fatality rate
Growing government regulations for road safety
Insufficient government funding in decentralized areas
Barrier to implement advanced road safety infrastructure
Market Segmentation :
On the basis of solution:
red light enforcement,
incident detection system,
bus lane compliance,
automatic license plate recognition,
On the basis of service:
and managed services.
On the basis professional services:
consulting and system integration,
risk assessment and analysis.
On the basis of geography:
Middle East & Africa.
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