Road Safety Market-Size Volume, Share, Demand growth, Business Opportunity by-2023 (Trending Report)

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

The road safety market size is expected to grow from USD 2.76 billion in 2018 to USD 4.41 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period. Rapid urbanization, increasing number of vehicles across the globe, rising need for road safety owing to increasing number of road fatalities, and stringent government regulations to make safer road infrastructure are some of the major factors to drive the market. However, lack of standardized and uniform technology may restraint the market growth.

Incident detection and response solution segment is expected to grow at a higher rate during the forecast period
The incident detection and response solution segment is expected to grow at a higher rate during the forecast period. The incident detection and response solution enables the detection of obstacles, such as stopped vehicles, traffic slowdown, traffic congestion, wrong way vehicle entry, pedestrian movement on the road, loss of visibility in the roads, and debris on the road. The systems also detect a stopped vehicle in congested traffic by distinguishing it from a vehicle that has temporarily stopped. The incident detection and response solution also automatically detects an incident and brings it to the attention of a manual operator in the control room or executes a pre-defined response to deal with the situation. The growth of the segment is driven by increasing number of road fatalities, vehicles, and traffic congestion.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Road Safety Market-Size Volume, Share, Demand growth, Business Opportunity by-2023 (Trending Report)

Services segment is expected to grow at a higher rate during the forecast period
The services segment is expected to grow at a higher rate during the forecast period. An increasing adoption rate of road safety solutions is expected to drive the demand for the associated services. Road safety services are majorly deployed to enhance the existing infrastructure and also integrate the latest road safety solution with the existing one. Services include professional and managed services.

Asia Pacific (APAC) is expected to grow at the highest rate during the forecast period
As per the geographic analysis, the APAC region is expected to record the fastest growth rate in the road safety market, due to the region’s nature of rapidly adopting new technologies, making higher investments in digital transformation, and its aim at increasing the Gross Domestic Product (GDP). The road safety market in APAC is expected to witness rapid growth because of the demand for road safety solutions and services in major countries, such as China, Japan, and Australia. Japan, China, and Australia, have recognized the importance of road safety solutions to curb issues, such as traffic congestion, road incidents, and traffic congestions.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-109864
The Final Report will cover the impact analysis of COVID-19 on this industry: Road Safety Market-Size Volume, Share, Demand growth, Business Opportunity by-2023 (Trending Report)

The break-up profiles of the primary participants have been given below:
• By Company Type: Tier 1 (40%), Tier 2 (35%), and Tier 3 (25%)
• By Designation: C-Level (45%), Director Level (30%), and Manager Level (25%)
• By Region: North America (35%), APAC (30%), Europe (20%), and RoW (15%)

Research Coverage
The global road safety market has been segmented by solutions, services, and region. A detailed analysis of the regions has been done to provide insights into the potential business opportunities across major regions. In addition to this, the product portfolio, recent developments, and strategic analysis of vendors are some of the other MarketsandMarkets analysis included in the report.

Reasons to Buy the Report
The report would help the market leaders/new entrants in the road safety market in the following ways:
1. The report segments the road safety market comprehensively to provide the closest approximations of the revenue numbers for the overall market and its subsegments across regions.
2. The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
3. The report helps the stakeholders understand the competitors and gain more insights to enhance their position in the market.

TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.4 YEARS CONSIDERED FOR THE STUDY 17
1.5 CURRENCY 17
1.6 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 BREAKDOWN OF PRIMARIES 20
2.1.2 KEY INDUSTRY INSIGHTS 21
2.2 MARKET SIZE ESTIMATION 22
2.3 ASSUMPTIONS 23
2.4 LIMITATIONS 24
3 EXECUTIVE SUMMARY 25
4 PREMIUM INSIGHTS 29
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE ROAD SAFETY MARKET 29
4.2 ROAD SAFETY MARKET, BY SOLUTION 29
4.3 ROAD SAFETY MARKET, BY ENFORCEMENT SOLUTION 30
4.4 ROAD SAFETY MARKET, BY SERVICE 30
4.5 ROAD SAFETY MARKET, BY PROFESSIONAL SERVICE 31
4.6 ROAD SAFETY MARKET, BY REGION 31
4.7 MARKET INVESTMENT SCENARIO 32

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