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Road safety market to grow USD 4.41 billion by 2023 published by leading research firm

Automotive and Transportation Market Research

The key road safety market vendors profiled in the report are as follows:Jenoptik (Germany), Kapsch trafficcom (Austria), Sensys Gatso Group (Sweden), Redflex Holdings (Australia), American Traffic Solutions (US), IDEMIA (France), Flir Systems (US), Motorola (US), Swarco (Austria), Information Engineers Group (Canada), cubic corporation (US), Siemens (Germany), Thales (France), Conduent (US), Vitronic (Germany), Trifoil (Germany), Kria (Italy), Laser Technology, Inc.(US), Optotraffic(US), Syntell (South Africa), Traffic Management Technologies(South Africa), Aabmatica Technologies(India), Clearview Intelligence (UK), Dahua Technology (China), Truvelo (UK)

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.

Download Sample Copy of Road Safety Market; spread across 135 pages, profiling 25 companies and supported with 56 tables and 46 figures is now available at Report at www.rnrmarketresearch.com/contacts…mple?rname=174153

The key players in the Road Safety Market include – Jenoptik (Germany), Kapsch trafficcom (Austria), Sensys Gatso Group (Sweden), Redflex Holdings (Australia), American Traffic Solutions (US), IDEMIA (France), Flir Systems (US), Motorola (US), Swarco (Austria), Information Engineers Group (Canada), cubic corporation (US), Siemens (Germany), Thales (France), Conduent (US), Vitronic (Germany), Trifoil (Germany), Kria (Italy), Laser Technology, Inc.(US), Optotraffic(US), Syntell (South Africa), Traffic Management Technologies(South Africa), Aabmatica Technologies(India), Clearview Intelligence (UK), Dahua Technology (China), Truvelo (UK)

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.

Get More Details on Road Safety Market by Industry @ www.rnrmarketresearch.com/contacts…ying?rname=174153

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.

Get Road Safety Market by Solution (Red Light, Speed, Bus Lane & Section Enforcement, ALPR/ANPR, Incident Detection & Response), Service (Consulting & Training, Support & Maintenance, and Managed), and Region - Global Forecast to 2023 @ www.rnrmarketresearch.com/contacts…hase?rname=174153

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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