Road Safety Market Highlights:
The global road safety market is expected to register steady growth during the forecast period with a CAGR of 6.2% and reach a value of USD 5.02 billion by 2026.
Road Safety Market Research Report provides in-depth information on the Market trends, size, share, growth factors, innovations, competitive landscape, business challenges, and more. The historical data in this report confirms the growing demand on a Global, national and regional scale.
The study of the Global industry covers everything from comprehensive research to Market forecasts, prospects, risks, and vendor knowledge. Research on Road Safety helps to understand the industry prospects and growth opportunities. The report utilizes advanced tools such as SWOT analysis and Porter’s Five Forces analysis to accurately estimate Market and revenue growth. The report also provides an extensive analysis of the impact of the COVID-19 pandemic and how it has contributed to the progress of the Market.
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Major Market Players:
Thales (France), Jenoptik (Germany), American Traffic Solutions (U.S.), Siemens (Germany), Traffic Management Technologies (South Africa), Motorola (U.S.), Flir Systems (U.S.), Cubic Corporation (U.S.), Conduent (U.S.) and Alcatel-Lucen (France). Jenoptik’s traffic technology has been in operation across the Middle East for many years in countries such as Kuwait, Saudi Arabia, and Jordan. Recently, in March 2018, Jenoptik announced a traffic safety order from Qatar. Jenoptik has presence in over 80 countries, with over 30,000 installed systems.
Market segmentation by Type and Application:
By Service, Consulting & Training, Support & Maintenance, Managed,
By Solution, Light Speed, Bus Lane & Section Enforcement, ALPR/ANPR, Incident Detection & Response, Others,
Global Road Safety Market Trends in key regions:
- North America (US, Canada, Mexico)
- Europe (Germany, UK, France, Italy, Spain, Russia, etc.)
- Asia Pacific (China, Japan, South Korea, Australia, India, Southeast Asia, etc.)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, etc.)
- South America (Brazil, Argentina, Colombia, Chile, etc.)
Each of these regions are analyzed based on Market research results across major countries in these regions for a macro-level understanding of the Market.
Impact on Industry Due to COVID-19
Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to almost every country around the world as the World Health Organization (WHO) declared a public health emergency. The Global impact of Coronavirus Disease 2019 (COVID-19) is already starting to be felt and will have a major impact on the Road Safety Market in 2020. The outbreak of COVID-19 has affected several aspects such as flight cancellations, travel bans, quarantines, restaurant closures, restrictions on all indoor/outdoor events, more than 40 countries declared a state of emergency, massive slowdowns in supply chains, stock Market volatility, Declining business confidence, growing fears of the population, and uncertainty about the future.
Market Factors Described in the Report:
- Market Overview: Includes other chapters briefly describing the scope of the Road Safety Market research, Market analysis by major players, Market analysis by segments, applications, types, and the study.
- Summary: The Road Safety Market share report evaluates key Market functions such as revenue, price, capacity, utilization, gross production, production, consumption, import and export, supply and demand, cost, Market share, CAGR, and gross margin. Additionally, the report offers a comprehensive study of key Market dynamics and latest trends, as well as relevant Market segments and sub-segments.
- Regional Survey: All regions and countries analyzed in the Road Safety Market report have been surveyed based on Market size by application, Market size by product, key players and Market forecasts.
- Market Forecast: Here, the report offers a complete forecast of the Global Road Safety Market size by product, application, and region. It also provides Global sales and revenue forecasts for all years of the forecast period.
- The survey includes historical and forecast data that makes the report easy to access documentation, including industry executives, marketing, sales and product managers, consultants, analysts, and clearly presented tables for stakeholders looking to the core. Industry data. It will be a valuable resource and graph.
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The following questions answered in the Road Safety Market report:
- How has the COVID-19 pandemic impacted the Global Road Safety Market Players?
- What is the essential strategy available for the growth & development of the Global Road Safety Market?
- What are the key segments explained in the Global Road Safety Market report?
- What are the strategically phases determined for marking an entry of the players in the Global Road Safety Market?
- What are the major governing frameworks and technology trends involved in the Road Safety Market?
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