The global road safety market size was valued at $2.8 billion in 2019 and is expected to grow at a CAGR of 11% from 2021 to 2027. Road safety includes products, solutions and services used to maintain traffic discipline. Prevent traffic accidents. Products include traffic cameras, incident response and detection systems, and services include installation, maintenance and repair of these systems. All of these solutions help maintain traffic discipline and ensure commuter safety. The increasing demand for public security and road infrastructure improvements is expected to drive the road safety market in the coming years. The surge in traffic accidents and fatalities is driving the demand for traffic safety solutions.
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A full report of Road Safety Market available at: https://www.orionmarketreports.com/road-safety-market/25141/
Road Safety Market Segments:
By Solution
• Red Light & Speed Enforcement
• Incident Detection & Response
• ANPR/ALPR
• Others
By Service
• Professional Services
• Managed Services
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