The global road safety market will reach $5.77 billion by 2027, according to current analysis by Emergen Research. The growth of this market can be attributed to the increasing number of road accidents. Growing need for improvement in road structure and public safety is expected to drive the road safety market over the forecast period. Strict government traffic safety rules and regulations are contributing to the growth of the traffic safety market. Increasing government initiatives to improve road safety solutions to reduce road fatalities, such as programs such as smart mobility and adoption of smart transportation, is a contributing factor to the growing demand road safety solutions. The adoption of smart city initiatives and smart transport techniques in emerging economies such as automated traffic assistance, parking and traffic management, predictive traffic analysis and passenger information system is expected to create lucrative opportunities for players in the road safety solutions road safety market.
The latest study provides an insightful analysis of the vast competitive landscape of the Global Road Safety Market, with a focus on the leading market rivals and their company profiles.
The study reveals that, on some accounts, threats and challenges can act as a barrier to the business. An in-depth assessment of the Road Safety Market in light of the macro environment such as social, political, economic, and technological environment adds granularity to the overall research. Additionally, the study produces real-time data on vital aspects including sales, profit, gross margin, and growth prospects to show how the business will experience substantial recovery in the future.
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Business collaborations to increase business prospects in the global market
The research report provides the reader with an in-depth interpretation of the Road Safety market dynamics, including crucial drivers, opportunities, threats, and challenges. The report also depicts key business strategies, demand and supply ratios, major regions, and renowned market players, in a nutshell, providing a futuristic perspective of the overall Road Safety industry. The market intelligence report is a prototype of the 360 overview of the global road safety industry, highlighting the estimated market value, share, growth trends, gross revenue , competitive overview, major manufacturers and buyers, available product types and end-use apps.
List of Key Players Covered in the Report: SWARCO, REDFLEX HOLDINGS, SENSYS GATSO GROUP, JENOPTIK, IDEMIA, KAPSCH TRAFFICCOM, MOTOROLA SOLUTIONS, FLIR SYSTEMS, CUBIC CORPORATION, and SIEMENS, among others.
Global Road Safety Market Highlights:
- Estimating and forecasting regional demand
- Product mix matrix
- R&D analysis
- Cost-benefit analysis
- Price volatility ahead of commodities
- Supply Chain Optimization Analysis
- Analysis of technological updates
- Raw Material Sourcing Strategy
- Competitive analysis
- Mergers and Acquisitions
- Location quotient analysis
- Carbon footprint analysis
- Patent Analysis
- Management of suppliers
A wide range of strategic initiatives, such as new business deals, mergers and acquisitions, collaborations, joint ventures, technology upgrades, and recent product launches, undertaken by these companies have been discussed in the report. The report analyzes various elements of the competitive scenario of the market such as regulatory standards and policies implemented in the industry over the past few years. Our team of experts has leveraged several powerful analytical tools such as Porter’s Five Forces Analysis and SWOT Analysis to provide a comprehensive overview of the global Road Safety market and identify fundamental growth trends.
Solutions Outlook (Revenue, USD Billion; 2017-2027)
- Incident detection and response
- Red light and speed control
- Automatic License Plate Recognition (ANPR) / Automatic License Plate Recognition (ALPR)
Services Outlook (Revenue, USD Billion; 2017-2027)
- Managed Services
- Professional services (support and maintenance, system integration and deployment, consulting and training)
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To offer more clarity on the current business environment, researchers examine import and export status, supply chain management, demand and supply, consumption capacity, and manufacturing capacity. When assessing the size of the industry, particular attention is paid to the value and volume of products and services offered on an annual basis
Key parameters analyzed in this section:
- Company Profiles
- Gross revenue
- Profit margins
- Product Sales Trends
- Product Pricing
- Industry Analysis
- Sales and distribution channels
Key points covered in this section:
- Regional contribution
- Estimated revenue generation
- Vital data and consumption rate information across all major regional segments
- An expected increase in market share
- Global Consumption Rate Growth Forecasts
- Besides offering a vivid description of the global Road Safety business sphere and its fundamental operations, the latest report provides industry chain analysis and lists down current and future market trends and growth opportunities.
- The report includes information on current and historical market scenarios, which helps forecast the market conditions over the next eight years (2020-2027).
- The report discusses the major factors influencing the growth of the market in the near future.
- Strategic marketing recommendations, crucial information related to new market entrants and expansion plans of various companies are poised to provide the reader with a competitive edge in the market.
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