Road Safety Market revenue is expected to grow by 12.4 % from 2023 to 2029, reaching nearly USD 8.25 Bn.

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 Report Overview:

The document offers a comprehensive overview of the major participants in the  Road Safety  Market, encompassing a detailed examination of their expansion tactics, production facilities and capabilities, global footprint, and range of products. Additionally, it presents a foundational assessment of the  Road Safety   market, delving into the factors propelling its growth, the opportunities available, emerging trends, and the constraints influencing the market.

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The objective of the  Road Safety   market report is to assess the current and anticipated market conditions comprehensively. It presents a global overview of demand, revenue generation, sales, and revenue statistics. The report strategically categorizes various segments to assist clients in comprehending the distinct growth drivers that are expected to be consistent throughout the  Road Safety   industry. Furthermore, it profiles key players in the  Road Safety   sector, encompassing market leaders, new participants, and followers. The report offers insightful details on development factors and employs a meticulous top-down and bottom-up approach to ensure precision. MMR’s  Road Safety   market report is the outcome of a study employing diverse methodologies, including PESTEL, PORTER, and SWOT analyses.

Road Safety Market Dynamics

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.

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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

Road Safety Market Key Players:

• 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

Road Safety Market Regional Insights:

The comprehensive analysis of the  Road Safety   industry is explored extensively in the market report, with a breakdown into multiple geographical regions. The study assesses North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East on a regional and country level. Within the report on the  Road Safety   market, a detailed examination of regional markets is conducted to reveal trends, limitations, and potential opportunities specific to each region.

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• Definition of  Road Safety
  • Global statistics on sales, production, consumption, and import-export activities related to  Road Safety   across North America, Europe, Asia-Pacific, South America, the Middle East, and Africa
  • Identification of major players in the global  Road Safety   Industry
  • Evaluation of the current business status of  Road Safety   market players
  • Analysis of market opportunities and constraints for  Road Safety   suppliers in the global  Road Safety   industry
  • Exploration of potential growth opportunities for applications, end-users, or product categories within the  Road Safety   market, along with corresponding market shares for each type and application.

Primary Offerings:

• Comprehensive Market Introduction
  • Revenue-based Market Share, Size & Projection for 2023−2029
  • Dynamics of the Market – Factors Fueling Growth, Limitations, Investment Prospects, and Significant Trends
  • In-depth Examination of Market Segments and Sub-segments
  • Insights into Different Regions
  • Overview of Competition – Leading Key Suppliers and Noteworthy Alternative Suppliers
  • Recommendations for the Industry

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