What is Road Safety Systems Market Scope?
Road safety systems are systems developed for the development of the infrastructure in order to keep the road's safety intact. The increasing population and rising number of vehicles is the main reason for the employment of the system. The advanced technologies and growing smart device penetration is the reason of ease and automation for the road safety systems implying the integration of different components like sensors, cameras, and drones for surveillance and safety precautions.
Influencing Trend:
Development of system and Integration with Automation like Artificial Intelligence and Machine Learning
Market Growth Drivers:
Rising Number of Road Fatalities and Accidents dur to Rapid Urbanisation and Increasing Vehicle Numbers and Growth in Demand for Region Wide Surveillance for Tracking Criminal Activities or Associated Actions
Challenges:
Rising concerns Regarding Protection and Privacy of Personal Information and Skilled Personnel Requirement for Operation
Restraints:
Lack of Standardized and Uniform Technologies for Road and Traffic Management and High Costs involved in Infrastructure
Opportunities:
Employment of the Drones for Aerial Survey and Real-Time Tracking and Rise in smart City Projects in Developing Countries
The Road Safety Systems market study is being classified, by Application and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Road Safety Systems market throughout the predicted period.
Jenoptik (Germany), Kapsch TrafficCom (Austria), Sensys Gatso Group (Sweden), Redflex Holdings (Australia), Verra Mobility (United States), IDEMIA (France), FLIR Systems (United States), Motorola Solutions (United States), SWARCO (Austria) and Information Engineering Group Inc. (Canada) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Cubic Corporation (United States), Siemens (Germany), Conduent (United States), VITRONIC (Germany) and Kria (Italy).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Road Safety Systems market by Type, Application and Region.
On the basis of geography, the market of Road Safety Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region hold largest market share in the year 2022.
Market Influencers and their Development Strategies
In 2021, Teledyne Technologies Incorporated acquired thermal imaging and UAS maker FLIR Systems, Inc. This acquisition will complement Teledyne technologies product portfolio and unmanned vehicle manufacturing for surveillance applications.
In 2019, Redflex Holdings enhanced its Halo platform with the launch of Halo Edge, a completely machine-controlled and integrated ANPR camera. It is supposed to deliver Clean Air / Low Emissions Zone's coverage by vehicle detection, capture, and observance compliance through a process the information from the Halo Edge intelligent cameras and sensors.
Key Target Audience
Road Safety Systems Provider, Components Manufacturer, Government Bodies, Research Institutes, End-User Industry and Others
Road Safety Systems Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Road Safety Systems Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Road Safety Systems industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.