Road Safety Market is thriving worldwide by 2029

The global road safety market is expected to witness a significant growth rate of 8.9% during the forecast period. Rising fatalities owing to the increasing road accidents is one of the solutions factors which is encouraging the government to adopt road safety solutions. As per the World Health Organization (WHO), road accident is the top-most cause of fatality among youngster globally. Globally, around 1.3 million fatalities were registered due to road accidents in 2016.

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The global road safety market is segmented on the basis of solution into enforcement solution, license plate detection, incident detection and response, and others such as traffic flow monitoring and railroad crossing safety. All these solutions are being widely adopted and operated either by the government or through a third-party managed service. Enforcement solution which includes red-light safety and speed detection is expected to have a considerable growth rate during the forecast period.

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  • Market Coverage
  • Market number available for – 2023-2029
  • Base year- 2022
  • Forecast period- 2023-2029
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
  • , and others

Global Road Safety Market – Segment by Region 

North America

  • US
  • Canada

Europe

  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Rest of Asia-Pacific

Rest of the World

  • Middle East & Africa
  • Latin America

The Report Covers

 

  • Market value data analysis of 2018 and forecast to 2025.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global road safety market. Based on the availability of data, information related to pipeline products and services, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.

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