Road Safety Market size was valued at US$ 2.88 Bn. in 2020 and the total revenue is expected to grow at 12.4 % through 2021 to 2027, Road Safety Market is reaching nearly US$ 6.53 Bn. by 2027.
Road Safety Market Overview:
The study covers the Road Safety market's most recent revenue and market trends. It stresses a market overview, definition, and structure, as well as preventative and pre-planned management. The report focuses on the factors that influence the Road Safety Market, such as gross margin, cost, market share, capacity utilization, and supply. It also aids in determining the future potential of Road Safety Market in the next years. The report presents a market overview through common subjects that are highlighted with unique data based on the need. This overview aids in making decisions about how to approach the market and comprehending the industry's backdrop.
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Market Scope:
- Key Market Trends Challenges:
The study analyses the primary adoption trend impacting the Road Safety industry as well as issues that may stymie its expansion. Understanding these elements is critical for product planning and design, as well as commercial strategies. To assist you understand the Road Safety market, this study provides a full analysis of these trends and obstacles.
- Market Statistics:
The report provides the market size and share of the Road Safety market. It helps in understanding the market and the report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising and industry decision-making processes in the Road Safety market.
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Segmentation:
The market is divided into three segments based on solution: Red Light Speed Enforcement, ANPR/ALPR Incident Detection Response, and Others. Automatic Number/License Plate Recognition (ANPR/ALPR) had the largest market share in 2020, accounting for over 25% of total revenue. Parking lots, road junctions, schools, and private land, among other end use applications, provide for a large portion of the ANPR/ALPR segment's revenue. With the case of theft, criminal activity, or traffic violations, these options aid in the recovery of a vehicle. The systems are also known for offering continuous monitoring, even in poor light or in inclement weather, which adds to their appeal. The market is separated into red light and speed enforcement, as well as incident detection, in addition to ANPR/ALPR.
Key Players:
• Kapsch Traffic Com
• 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
The report examines the top players in the Road Safety market in terms of their size, market share, market growth, revenue, production volume, and profitability. The research outlines which growth strategies are being used by key players, including strategic alliances, new product innovation, and so on. It tells you whether you're competing with only industry firms or with competitors who provide alternative solutions. The study helps you understand competitor pricing in the Road Safety market so you can examine and build a pricing plan that works for your product. The competitive landscape is a significant feature of the Road Safety industry that all key stakeholders in the industry should be aware of.
Regional Analysis:
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Road Safety market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
COVID-19 Impact Analysis on Road Safety Market:
The report has identified detailed impact of COVID-19 on Road Safety market in regions such as North America, Asia Pacific, Middle-East, Europe, and South America. The report provides Comprehensive analysis on alternatives, difficult conditions, and difficult scenarios of Road Safety market during this crisis. The report briefly elaborates the advantages as well as the difficulties in terms of finance and market growth attained during the COVID-19. In addition, report offers a set of concepts, which is expected to aid readers in deciding and planning a strategy for their business.
Key Questions answered in the Road Safety Market Report are:
- Which product segment grabbed the largest share in the Road Safety market?
- How is the competitive scenario of the Road Safety market?
- Which are the key factors aiding 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?
- Which application segment emerged as the leading segment in the Road Safety market?
- Which are the prominent players in the Road Safety market?
- What key trends are likely to emerge in the Road Safety market in the coming years?
- What will be the Road Safety market size by 2027?
- Which company held the largest share in the Road Safety market?
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