Pune, Jan. 25, 2023 (GLOBE NEWSWIRE) — According to ” road safety market Published by Maximize Market Research, the market is expected to grow from US$3.24 billion in 2021 to US$8.25 billion in 2029, at a compound annual growth rate of 12.4 percent over the forecast period from 2022 to 2029. heavy Corporate investment in advanced development techniques Increase in government initiatives towards road safety is expected to drive the market.
Road safety market scope and research methodology
Both primary and secondary data sources are used in the road safety market analysis. Government PolicyMarket Environment, competitive landscape, historical data, current market trends, technological innovation, upcoming technologies, and technical advances in related industries, as well as market risks, opportunities, market barriers, and challenges are all investigated during the research process. For quantitative and qualitative final production dataAll potential components influencing the markets covered in the report have been thoroughly researched and validated through primary research. The market size of top-level markets and sub-segments is standardized, and Effect Inflation, economic downturns, regulatory and policy changes, and other variables are factored into the forecast.
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Road safety market overview
The probability of mortality and injuries Traffic accidents through the implementation of a number of preventive measures. Road safety precautions are taken not only for cars but also for bicycles, pedestrians and motorcyclists. There is a huge demand for road safety solutions due to the growth in traffic movement Accidents, especially in areas where there is not enough Infrastructure to stop them. Road safety solutions are being used more frequently as a result of the increasing number of traffic accidents, fueling the growth of the market. Technical issues related to road safety technology are hampering the growth of the road safety market. The road safety market is experiencing significant growth due to the integration of connected cars with Intelligent Transportation Systems (ITS). big hurdle ahead Development Of the road safety market is the high risk of cyber attacks and theft of personal information affecting the road safety market.
Dynamics of the road safety market
Increased traffic accidentsThere has been a rise in adoption of road safety solutions, fueling market growth. Because of the rapid development of connected cars and intelligent transportation systemsThe road safety industry is growing exponentially (ITS). Growth throughout the forecast period will be facilitated by beneficial initiatives that promote the adoption of measures to increase road safety, such as laws, regulations and trackers. fast Technological improvements in the transportation industry, a growing world population, and a significant increase in the number of vehicles being installed are some of the major factors that are expected to Leadership Road safety market growth during the forecast period.
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Regional insights into the road safety market
North America is expected to dominate the road safety market during the forecast period. This dominance is attributed to the extensive infrastructure investments programs to promote safety in transportation services. Growth in the region is being supported by the adoption of new technologies and the availability of improved transportation Infrastructure. There are also many OEMs and service providers Drove To grow in the road safety market in the region. During the forecast period, the Asia Pacific region is expected to grow at a rapid rate. One aspect that has contributed to the region’s increased need for traffic safety solutions is the increase in government attempts to improve road safety measures to avoid deaths due to traffic accidents.
|Market size in 2021||3.24 billion US dollars|
|market size in 2029||8.25 billion US dollars|
|compound annual growth rate||12.4% (2022-2029)|
|number of pages||213|
|number of tables||110|
|Number of charts and shapes||112|
|The part is covered||Depending on the solution, service and region|
|regional scope||North America, Europe, Asia Pacific, Middle East, Africa and South America|
|report coverage||Market share, volume and revenue forecast | 2022-2029, Market Dynamics, Growth Drivers, Constraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players Market Ranking Analysis.|
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The major players in the road safety market are:
- traffic ram com
- Synesthesia Gatsu Collection
- Redflex Holding
- Mobility Vera
- FLIR systems
- Motorola solutions
- Information Engineering Group
- Quebec Corporation
- laser technology
- visual passage
- Traffic management techniques
- Clearview intelligence
- Dahua technology
- Continental AG
Key questions answered in the Road Safety market are:
- What are the technological innovations in the road safety market?
- What are the factors driving the Road Safety Market growth?
- What technological insight is dominating the Road Safety market in 2021?
- How has COVID-19 affected the growth of the Road Safety Market?
- What will be the road safety market growth rate during the forecast period?
- What are the Asia Pacific trends in the road safety market?
- Who are the top 3 market leaders in the road safety market in the North American region?
- Which publishing situation will lead to the Road Safety market in 2021?
- Who are the major players in the Road Safety Market?
- What are the key factors hindering the growth of the Road Safety Market?
- Which region has the largest market share in the Road Safety market?
- What is the growth rate of the road safety market in North America?
- What is the main feature of road safety?
- Market share, volume and revenue forecast | 2022-2029
- Market dynamics – drivers, restraints, investment opportunities, major trends, challenges, market strategy, and competitive landscape
- Market segmentation – service, solution and region
- Competitive landscape- Major players in the market and other prominent players
Maximize Market Research is a leading automotive and corporate transportation research firm that has also published the following reports:
electric commercial vehicle market: The electric commercial vehicle market is expected to reach approximately $1,308.57 billion by 2029 with a compound annual growth rate of 20.97 percent over the forecast period.
road freight market: The road transport market size was estimated to be worth $3.68 trillion in 2021, and total revenue is expected to grow by 6.9% through 2022 to 2029, reaching approximately $5.44 trillion.
traffic management market: The traffic management market was valued at US$35.30 billion. In 2021. The global injection safety fund is expected to grow at a compound annual growth rate of 10.8 percent during the forecast period.
Roadside drug test market: The roadside drug test device market is expected to grow at a CAGR of 6.5 percent during the forecast period. The global safety curtain market is expected to reach US$728.7 billion. By 2029
Low speed car market: The low-speed vehicle market is expected to grow at a compound annual growth rate of 8.4 percent over the forecast period. The global fire safety equipment market is expected to reach US$17.20 billion. By 2029.
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