Global Road Safety Market – Industry Trends and Forecast to 2026


Posted January 21, 2019 by kiransharma

Road Safety solutions are implemented by the authorities preventing the road users from getting injured or slaughtered. The implementation of road safety methods, such as red light enforcement, incident detection system.
 
January 21, 2019 — Market Segmentation: Global Road Safety Market

The road safety market is segmented into two notable segments which are solution and service.

On the basis of solution, the market is segmented into nine solutions, including red light enforcement, speed enforcement, incident detection system, bus lane compliance, automated solutions, process violations, passenger data processing, semi-automated solutions, and others. Automated solutions are further classified into E-gates and automatic license plate recognition. In 2019, Automated Solutions segment is growing at the highest CAGR and expected to reach USD xx million in the forecast period of 2019 to 2026.

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Red Light Enforcement solution segment is expected to dominate the global road safety market as it provides more effective and advanced solution. Whereas, automatic license plate recognition system segment is expected to grow with the highest CAGR due to growing adoption of various automated solutions.

Competitive Analysis: Global Road Safety Market

Some of the major players operating in this market include Jenoptik, Kapsch AG, Sensys Gatso Group AB, American Traffic Solutions, 3M, Redflex Traffic Systems, INC., FLIR SYSTEMS, INC., Motorola Solutions, INC.

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Product Developments:

In March, Jenoptik has launched new traffic solution at TRAFFEX show. The traffic solution consists of new spot speed and red light product.

In March, Jenoptik has launched average speed enforcement system named as SPECS3 VECTOR at TRAFFEX show. SPECS3 VECTOR is designed to reduce the road accident caused by high speed.

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Issued By databridgemarketresearch.com
Country India
Categories Open Source , Research , Social Media
Tags Global Road Safety Industry Analysis , Global Road Safety Market, , Global Road Safety Market Research Report, , Global Road Safety Research Report , Road Safety Market
Last Updated January 21, 2019
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