Global Road Safety Market Size to Reach USD 8.96 Billion in 2032 | Emergen Research
Increased demand for industrial packaging from chemical and construction industries is a major factor driving market revenue growth
Vancouver, Nov. 13, 2023 (GLOBE NEWSWIRE) — The global Road Safety Market will be worth USD 8.96 Billion by 2032, according to a current analysis by Emergen Research. The growth of this market can be attributed to the rapid urbanization and the growth in the urban population. The rising adoption of vehicles and increase in mobility is driving road safety solutions. Adoption of intelligent transport systems in order to deliver sustainably enhanced and smart mobility solutions is most likely to boost the development of road safety solutions.
The increasing technological advancements in the transportation sector, such as new speed camera systems, smart traffic light control systems, Automatic Number Plate Recognition camera systems, and green link determining systems, are contributing to the growth of road safety solutions. Insufficient government funding is expected to restrain the growth of the road safety market over the forecast period.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/396
Scope of Research
|Market size value in 2019||USD 2.96 Billion|
|CAGR (2023 – 2032)||9.2%|
|Revenue forecast in 2032||USD 8.96 Billion|
|Base year for estimation||2019|
|Quantitative units||Volume in Tons, Revenue in USD Thousand, and CAGR from 2023 to 2032|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Solutions, Services, region|
|Regional scope||North America; Europe; Asia Pacific; Central & South America; MEA|
|Country scope||U.S.; Canada; Mexico; U.K.; Germany; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Saudi Arabia; South Africa; Turkey|
|Key companies profiled||SWARCO, REDFLEX HOLDINGS, SENSYS GATSO GROUP, JENOPTIK, IDEMIA, KAPSCH TRAFFICCOM, MOTOROLA SOLUTIONS, FLIR SYSTEMS, CUBIC CORPORATION, and SIEMENS|
|Customization scope||10 hrs of free customization and expert consultation|
Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/396
Major Companies and Competitive Landscape
The Road Safety Market is moderately fragmented with a large number of small and medium-sized manufacturers, which account for a major part of the global share. The manufacturers are well-equipped with manufacturing facilities and are involved in several research & development activities. Some of the prominent players in the Road Safety Market include:
- REDFLEX HOLDINGS
- SENSYS GATSO GROUP
- KAPSCH TRAFFICCOM
- MOTOROLA SOLUTIONS
- FLIR SYSTEMS
- CUBIC CORPORATION
In May 2019, Jenoptik received the traffic safety order from the city of Cologne. The City of Cologne, Germany, ordered ten speed camera trailers for semistationary speed monitoring devices with the TraffiStar S350 laser scanner. The aim of the city is to increase and enhance traffic safety in all city districts.
Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/396
Some Key Highlights from the Report
- In April 2019, Sensys Gatso Group, a global leader in traffic safety solutions, signed a five-year contract extension through its subsidiary Sensys Gatso USA. The contract extension was signed for the managed services with the city of Albany, the State Capital of New York. There will be a continuation of the automated red-light camera enforcement program for five more years.
- Automatic Number Plate Recognition/ Automatic License Plate Recognition segment held the second-largest market share of 25.6% in 2019. The increasing need for accident prevention and traffic enforcement is most likely to fuel the growth of the segment.
- The managed Services segment is forecasted to grow with a CAGR of 8.7% over the forecast period. The ease of operation and convenience of the Managed Services are expected to drive the growth of the segment.
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/road-safety-market
Emergen Research has segmented the global Road Safety Market on the basis of Solutions, Services, and region:
- Solutions Outlook (Revenue, USD Billion; 2023-2032)
- Incident Detection & Response
- Red Light & Speed Enforcement
- Automatic Number Plate Recognition (ANPR)/Automatic License Plate Recognition (ALPR)
- Services Outlook (Revenue, USD Billion; 2023-2032)
- Managed Services
- Professional Services (Support and maintenance, System Integration and deployment, Consulting and Training)
- Regional Outlook (Revenue, USD Billion; 2023-2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
- North America
Curated Reports You Shouldn’t Miss: Dive In Now!
Concrete Floor Coatings Market By Product (Epoxy, Polyaspartic, Acrylic, Polyurethane, Others), By Application (Indoor, Outdoor), By End-Use (Residential, Commercial, Industrial), and By Region Forecast to 2030
Cable Trunking Market By Type (Surface-Mounted Trunking, Floor Trunking, Ladder Trunking, Others), By Material (Polyvinyl Chloride (PVC), Stainless Steel, Aluminum, Others), By Application, By Region Forecast to 2032
Outdoor Power Equipment Market, By Equipment Type (Lawn Mowers, Saws, and Trimmers & Edgers), By Application, By Power Source, By Functionality, and By Region Forecast to 2032
Industrial Valves Market, By Type (Ball Valves and Check Valves), By Component (Actuators and Valve Body), By Material (Steel and Cast Iron), By Size, By End-use Industry, and By Region Forecast to 2032
Rail Seat Market, By Train Type (Passenger, High Speed, Tram, Monorail, and Others), By Seat Type, By Rail Car Type, By Seat Cover (, By Foam Material, By Sales Channel, and By Region Forecast to 2032
Machine Safety Market By Implementation (Individual Components, Embedded Components), By Component, By End Use (Oil and Gas, Electronics and Semiconductors, Automotive, Food and Beverage, Healthcare), and By Region Forecast to 2028
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
Corporate Sales Specialist
Emergen Research | Web: https://www.emergenresearch.com/
Direct Line: +1 (604) 757-9756
Explore Our Japanese Version: Road Safety Market
Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights
Read our Press Release @ https://www.emergenresearch.com/press-release/global-road-safety-market
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. IndiaShorts takes no editorial responsibility for the same.