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Market Outlook
The global road safety market attained a value of about USD 2.8 billion in 2019. The road safety market is further expected to grow in the forecast period of 2020-2025 at a CAGR of nearly 9% to reach a value of around USD 4.7 billion by 2025. The road safety market is primarily being driven by the rising number of road accidents resulting in an increasing demand for road safety measures.
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Properties and Applications
Road safety is the set of strategies and measures that avoid death or serious injury to commuters using the road. Typical commuters who use the road are pedestrians, cyclists, car drivers, and public road passengers (mainly buses).
Based on the components, the road safety market can be divided into solutions and services.
Solutions can be further divided into:
The enforcement solution is further segmented as follows:
Services can be divided into professional services and managed services.
Professional services are further divided into the following:
The EMR report looks into the regional road safety markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
Factors like increased mobility, increased vehicle adoption, and rising traffic are expected to increase the demand for road safety. The construction of safer roads, improving facilities to protect pedestrians and cyclists, and implementing safer riding initiatives would minimize road injury and contribute to the health among the public. Therefore, the leading global players are increasingly concentrating on the production of goods that provide road safety and incorporate systems into different technologies to enhance performance at a lower cost, thus, propelling the growth of the road safety market.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global road safety market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the road safety market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Questions Answered in the Global Road Safety Market Report:
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Road Safety Market Analysis
6.1 Global Road Safety Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Global Road Safety Market Breakup by Components
6.2.1 Solutions
6.2.1.1 Enforcement Solution
6.2.1.1.1 Red Light Enforcement
6.2.1.1.2 Speed Enforcement
6.2.1.1.3 Bus Lane Enforcement
6.2.1.1.4 Section Enforcement
6.2.1.2 Automatic License Plate Recognition/Automatic Number Plate Recognition
6.2.1.3 Incident Detection and Response
6.2.1.4 Others
6.2.2 Services
6.2.2.1 Professional Services
6.2.2.1.1 Consulting and Training
6.2.2.1.2 System Integration and Deployment
6.2.2.1.3 Support and Maintenance
6.2.2.2 Managed Services
6.3 Global Road Safety Market Breakup by Components: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.1 Solutions
6.3.1.1 Enforcement Solution
6.3.1.1.1 Red Light Enforcement
6.3.1.1.2 Speed Enforcement
6.3.1.1.3 Bus Lane Enforcement
6.3.1.1.4 Section Enforcement
6.3.1.2 Automatic License Plate Recognition/Automatic Number Plate Recognition
6.3.1.3 Incident Detection and Response
6.3.1.4 Others
6.3.2 Services
6.3.2.1 Professional Services
6.3.2.1.1 Consulting and Training
6.3.2.1.2 System Integration and Deployment
6.3.2.1.3 Support and Maintenance
6.3.2.2 Managed Services
6.4 Global Road Safety Market by Region
6.4.1 North America
6.4.1.1 United States of America
6.4.1.2 Canada
6.4.2 Europe
6.4.2.1 Germany
6.4.2.2 United Kingdom
6.4.2.3 France
6.4.2.4 Italy
6.4.2.5 Others
6.4.3 Asia Pacific
6.4.3.1 China
6.4.3.2 Japan
6.4.3.3 India
6.4.3.4 ASEAN
6.4.3.5 Others
6.4.4 Latin America
6.4.4.1 Brazil
6.4.4.2 Argentina
6.4.4.3 Mexico
6.4.4.4 Others
6.4.5 Middle East & Africa
6.4.5.1 Saudi Arabia
6.4.5.2 United Arab Emirates
6.4.5.3 Nigeria
6.4.5.4 South Africa
6.4.5.5 Others
6.5 Global Road Safety Market by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 North America
6.5.1.1 United States of America
6.5.1.2 Canada
6.5.2 Europe
6.5.2.1 Germany
6.5.2.2 United Kingdom
6.5.2.3 France
6.5.2.4 Italy
6.5.2.5 Others
6.5.3 Asia Pacific
6.5.3.1 China
6.5.3.2 Japan
6.5.3.3 India
6.5.3.4 ASEAN
6.5.3.5 Others
6.5.4 Latin America
6.5.4.1 Brazil
6.5.4.2 Argentina
6.5.4.3 Mexico
6.5.4.4 Others
6.5.5 Middle East & Africa
6.5.5.1 Saudi Arabia
6.5.5.2 United Arab Emirates
6.5.5.3 Nigeria
6.5.5.4 South Africa
6.5.5.5 Others
7 SWOT Analysis
7.1 Overview
7.2 Strengths
7.3 Weaknesses
7.4 Opportunities
7.5 Threats
8 Porter’s Five Forces Analysis
8.1 Overview
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
8.6 Substitutes
9 Competitive Landscape & Supplier Analysis
9.1 Jenoptik AG
9.1.1 Company Overview
9.1.2 Financial Analysis
9.2 Kapsch Trafficcom
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3 Sensys Gatso Group AB
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 Redflex Holdings [RDF (ASX)]
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5 Verra Mobility
9.5.1 Company Overview
9.5.2 Financial Analysis
9.6 FLIR Systems, Inc
9.6.1 Company Overview
9.6.2 Financial Analysis
9.7 Motorola Solutions (NYSE:MSI)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.8 Others
10 Events and Developments
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