In a recent research report by Maximize Market Research, the Global Road Safety Market is expected to exceed US$ 87.58 billion by the year 2027, from US$ 52.8 billion in 2019.
The Red Light & Speed Enforcement segment held the highest market share of XX% in 2019 and is expected to reach US$ XX Bn by 2027.
An increase in production of new product launches, and an increase in demand for cost-effective products propel the Global Road Safety Market. The industrial sector is expected to grow at a CAGR of XX % during the forecast period. Other segments are covered in the report with an analysis of market size, share, country-wise import & export conditions.
The report published by Maximize encompasses the various market dynamics, which could affect the market growth of the Global Road Safety Market in the region.
The study is consolidated based on two major segments and further into sub-segments, By Solution (Red Light & Speed Enforcement, ANPR/ALPR, Incident Detection & Response, Others), By Service (Professional services, Managed services) to forecast the market size by value; also application includes the analysis of past market dynamics from 2016 to 2019, considering 2019 as the base year.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players (Kapsch TrafficCom, Sensys Gatso Group, Redflex Holdings, Verra Mobility, IDEMIA, FLIR Systems, Motorola Solutions, SWARCO, Information Engineering Group Inc., Cubic Corporation, Siemens, Conduent, VITRONIC, Kria, Laser Technology, Optotraffic, Syntell, Traffic Management Technologies, AABMATICA, Clearview Intelligence, Dahua Technology, Truvelo, Trifoil, Continental AG) in the Road Safety Market, across the region.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on the “Global Road Safety Market.”
https://www.maximizemarketresearch.com/market-report/global-road-safety-market/114563/
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