Road Safety Market by Solution and by Service - Strict Government Regulations & Increases in Road Accidents/Fatalities are Driving Growth - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Road Safety Market by Solution and by Service - Global Forecast to 2021" report to their offering.

The road safety market size is estimated to grow from USD 2.60 billion in 2016 to USD 4.06 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 9.3%. Increase in mobility and the associated demands on transportation systems, strict government regulations for road safety, and increase in road accidents/fatality rate are driving the road safety market. However, lack of awareness and engineering challenges are some of the restraints for the growth of the market.

Automatic license plate recognition plays a key role in the planning and control of modern cities and can be deployed for a variety of applications. The system is easy to install with functions such as video cameras, speed calculation, and alarms to detect a particular vehicle.

North America is expected to hold the largest share of the road safety market owing to early adoption of technology and the presence of large number of solution providers. However, the APAC region is projected to grow at the fastest pace as it has undergone tremendous economic growth, political transformation, social changes, and active government initiatives. Countries such as India, China, Philippines, and Australia have embarked upon ambitious and important initiatives to enhance the strategic planning, agency capability, and evaluation of road safety projects.

Companies Mentioned:

  • 3M
  • American Traffic Solutions, Inc. (ATS)
  • Flir Systems, Inc.
  • Information Engineers Group Inc.
  • Jenoptik AG
  • Motorola Solutions Inc.
  • Redflex Holdings Limited
  • Sensys Gatso Group AB
  • Swarco AG

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Road Safety Market Analysis, By Component

8 Market Analysis, By Solution

9 Road Safety Market Analysis, By Service

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/vn8d3c/road_safety

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Automotive Safety

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Automotive Safety