Road Safety Market 2022 Impressively Grow in Future by Top Companies Analysis: Thales (France), Jenoptik (Germany), American Traffic Solutions (U.S.)

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Published

May 16, 2022

Road Safety Market: Introduction

The Global Road Safety Market has seen continuous development in the past couple of years and is anticipated to grow much further during 2020-2026. The exploration introduces a total evaluation of the Road Safety market and contains Future patterns, Current Growth Factors, mindful sentiments, certainties, chronicled information, and factually bolstered and industry-approved market information.

The global road safety market is expected to register steady growth during the forecast period with a CAGR of 6.2% and reach a value of USD 5.02 billion by 2026.

Competitive Analysis

The report contains an in-depth analysis of the vendor’s profile, including financial health, business units, key business priorities, SWOT, strategies, and views.

Thales (France), Jenoptik (Germany), American Traffic Solutions (U.S.), Siemens (Germany), Traffic Management Technologies (South Africa), Motorola (U.S.), Flir Systems (U.S.), Cubic Corporation (U.S.), Conduent (U.S.) and Alcatel-Lucen (France).

Jenoptik’s traffic technology has been in operation across the Middle East for many years in countries such as Kuwait, Saudi Arabia, and Jordan. Recently, in March 2018, Jenoptik announced a traffic safety order from Qatar. Jenoptik has presence in over 80 countries, with over 30,000 installed systems.

The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant R&D investments.

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Vendors across different verticals are planning for high investments in this market, and as a result, the market is expected to grow at an impressive rate in the upcoming years. The key players are adopting various organic and inorganic growth strategies such as mergers & acquisitions, collaboration & partnerships, joint ventures, and a few other strategies to be in a strong position in the global market.

Market Segmentation Analysis

The report provides a wide-ranging evaluation of the market, providing in-depth qualitative insights, historical data, and supportable projections along with the assumptions about the Road Safety market size. The projections featured in the report have been derived using proven research methodologies and assumptions based on the vendor’s portfolio, blogs, white papers, and vendor presentations. Thus, the research report represents every side of the Road Safety market and is segmented on the basis of regional markets, offerings, applications, and end-users.

By Service, Consulting & Training, Support & Maintenance, Managed,
By Solution, Light Speed, Bus Lane & Section Enforcement, ALPR/ANPR, Incident Detection & Response, Others,

Regional Analysis

North America held the largest Road Safety market share in 2018 and is expected to dominate the market during the forecast period. The market will experience a steep rise in the following regions covered- North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Benefits

Road Safety Industry companies to ensure business continuity with powerful protection by constantly checking the report and representing attractive growth opportunities for the companies. Road Safety handles all the needs of the operators by allowing them to improve their services and concentrate on their core business. Road Safety Market Research aims to increase business agility and reduce operational and capital expenditure with improved technology rollouts and capacity planning. The report discusses service types and regions related to this Road Safety market. Further, the report provides details about the major challenges affecting the market growth.

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Other features of the report:

Provides a thorough analysis of the key strategies with a focus on the corporate structure, R&D methods, localization strategies, production capabilities, sales, and performance in various companies.
Provides valuable insights into the product portfolio, including product planning, development, and positioning.
Analyses the role of key Road Safety market players and their partnerships along with mergers and acquisitions.

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

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