KD Market Insights (KDMI) recently published market research report on the Global Road Safety market, this market research report provides detailed analysis of market drivers, challenges, opportunity analysis, and trends, along with various key insights into the market research report. The report on global Road Safety market demonstrates the important aspects that are anticipated to shape the growth of the market over the forecast period. The study also includes the analysis of the market size & forecast for the different segments and geographies.
The global Road Safety market is anticipated to reach at a notable value by the end of 2025. The market is envisioned to grow at a considerable CAGR over the forecast period i.e. 2020-2025. In the past years, the market has grown at a significant rate and is projected to showcase a lucrative growth in the upcoming years.
The growth of this market is attributed towards major pertaining factors including but not limited to; the global rise in urban population and high demographic rates, the increasing need for public security and improvement in road infrastructure owing to surge in the number of road accidents and fatalities, the increasing demand of convenient mobility solution for transportation system, growing stringent government regulations and initiatives for enhancing road safety, the increasing utilization of smart technologies for road safety along with the rising technological advancements in the transportation sector etc.
The study for global Road Safety market covers the key market growth indicators such as value and supply chain analysis, year-on-year (Y-o-Y) growth and compounded annual growth rate (CAGR), in the KDMI’s research report along with macroeconomic indicators & forecast factors. Also, the analysis of Porter’s Five Forces demonstrates the five forces which include buyers bargaining power, suppliers bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the global Road Safety market.
Impact of Coronavirus Disease (COVID-19) on Global Road Safety Market
The coronavirus or COVID-19 (formerly 2019-nCoV) broke out in December 2019, which has been imposed as a medical emergency worldwide. More than 213 countries and territories have reported cases of coronavirus to date. On 11th March 2020, the World Health Organization (WHO) declared the COVID-19 a pandemic officially. The study explains the impact of coronavirus disease (COVID-19) on global Road Safety market, covering the following points:
– Impact analysis of COVID-19 on the global Road Safety market in the upcoming years.
– Detailed research regarding each region & countries will be listed, to identify the issues caused by the coronavirus disease on the market.
– Strategies adopted by the major & prominent market players in order to survive in the situation of COVID-19 lockdown.
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Key Insights Covered in the Global Road Safety Market Report
Analysis of market including the market forecast, Y-o-Y growth and structure of the industry.
Leading market growth factors, market trends and upcoming opportunities driving the growth of the market.
Identifying the barriers & threats hindering the market growth.
Detailed analysis of major & prominent players in the market & also covering a comprehensive analysis of the company’s business and performance.
Various market activities covering the market research report including product launch, innovation, acquisition, expansion, technological advancement, research & development & other market activities.
The global Road Safety market is segmented (By Components, By Solution, By Service, By Technology and By Application). This market research report offers comprehensive data and information about the global Road Safety market dynamics & growth parameters related to these categories. Further, the market is sub-segmented as follows:
Red Light Enforcement
Bus Lane Enforcement and Section Enforcement
Automatic License Plate Recognition/Automatic Number Plate Recognition (ALPR/ANPR)
Incident Detection and Response
Consulting and Training
Support and Maintenance
System Integration and Deployment
Radar & sensor-based devices
Road Infrastructure Solution
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In terms of geography, the market for Road Safety is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition to this, further classification of market data and analysis of region into countries is covered in the report. Further, the geographies are fragmented into the regional & country groupings:
– North America (U.S. & Canada)
– Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
– Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
– Latin America (Brazil, Mexico and Rest of Latin America)
– Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East & Africa)
The market research report on the global Road Safety market also provides the detailed strategic analysis of the company’s business and performance including the financial information, revenue breakup by segment and by geography, SWOT Analysis, key factors, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news and other market activities. The market research report also provides company’s positioning and market share of the major & niche key market players in global Road Safety market. In addition to this, the report also profiles various major & niche key market players in the global Road Safety market including:
Information Engineering Group Inc.
Redflex Holdings Limited
Other Key & Niche Players
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