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Road Safety - Growth and Opportunities

Numerous systems, devices, and technologies are leveraged to ensure safety on highways, bridges, tunnels, and urban roads. Together they constitute the global road safety market, which at present is characterized by the presence of many players both from the private and public sectors. As a result, the competitive landscape is fragmented.<br><br>Read more : https://www.tmrresearch.com/road-safety-market<br><br>Get Brochure : https://www.tmrresearch.com/sample/sample?flag=B&rep_id=770

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Road Safety - Growth and Opportunities

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  1. Road Safety Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021-2031 TMRResearch www.tmrresearch.com

  2. Road Safety Market 1 MARKET OVERVIEW • Numerous systems, devices, and technologies are leveraged to ensure safety on highways, bridges, tunnels, and urban roads. • Together they constitute the global road safety market, which at present is characterized by the presence of many players both from the private and public sectors. As a result, the competitive landscape is fragmented. • Depending upon the different solutions for road safety available, the global market can be classified into automatic license plate recognition, red light enforcement, incident detection system, speed enforcement, and bus lane compliance, among others. TMRResearch www.tmrresearch.com

  3. Road Safety Market 2 TRENDS & OPPORTUNITIES • Majorly boosting growth in the global road safety market is the massive spending on roadways, including highways and bridges, tunnels and urban roads across the globe. • Another crucial growth driver is the rising prevalence of road accidents on account of more vehicles plying on the roads. Speeding or rash driving with utter disregard for rules mostly result in accidents. • Efforts to stem them has led to the swift uptake of road safety devices and systems such as the automatic license plate recognition solution. • Automatic license plate recognition, for example, is easy to install and has functionalities such as video cameras, speed calculation, and alarms to monitor vehicles. TMRResearch www.tmrresearch.com

  4. Road Safety Market 3 KEY COMPANIES • Key players in the Global Road Safety Market include • Swarco AG • American Traffic Solutions • Kapsch AG • Jenoptik • Motorola Solutions Inc. • Redflex. TMRResearch www.tmrresearch.com

  5. Road Safety Market 4 REGIONAL OUTLOOK • Geographically, the key segments of the global market for road safety are Asia Pacific, Europe, North America, and the Rest of the World. North America, among them, holds a leading position due to the early adoption of the latest cutting-edge technologies and the presence of a host of solution providers in the region. • In the years ahead, however, Asia Pacific is slated overtake all other regions in terms of growth rate on account of the stellar economic growth and various government initiatives to bolster road safety in the region. • Countries of Australia, India, China, and Philippines, for instance, have undertaken major initiatives to better strategic planning, agency capability, and evaluation of road safety projects. TMRResearch www.tmrresearch.com

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