DUBLIN--(BUSINESS WIRE)--The "Global Road Safety Market -By Solutions; By Services; By Technology; By Regions Drivers, Opportunities, Restraints, Trends, and Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global road safety market revenue is expected to reach $7.01 billion by 2024, growing at a CAGR of around 17.16% during the forecast period.
The market is experiencing growth due to the increasing mobility and rise in the number of vehicles on the road. In addition, the construction of safer roads, development of infrastructure for the safety of pedestrians & cyclists, and the adoption of safer riding measures will further reduce injuries and contribute to the safety among the population.
The availability of innovative technologies, including driver assistance, V2V communication, incident detection and response, and automatic number plate recognition systems, has bolstered the overall road safety ingenuities across smart city initiatives shaping up globally; thus, resulting in a huge window of opportunity for the key players in the market.
Market Dynamics
Drivers
- Increasing Mobility and Associated Demand for Transportation Systems
- Increase in Urbanization
- Increase in Road Accidents/Fatality Rate
Restraints
- Insufficient Government Funding in Decentralized Areas
- Barrier to Implement Advanced Road Safety Infrastructure
- Over Growing Population of Road Users
Opportunities
- Smart City Initiatives
- Introduction of SOSmart Car Accident Service
- Growth in Usage Based Car Insurance
Companies Featured
- Alcatel-Lucent
- American Traffic Solutions
- Jenoptik
- Kapsch AG
- Motorola Solutions
- Rad Data Communication
- Redflex
- Siemens AG
- Swarco AG
- Thales
- Tyco
Key Topics Covered
1 Industry Outlook
2 Report Outline
3 Market Snapshot
4 Market Outlook
5 Road Safety Market Within The Vehicle
6 Road Safety Market OEMs Provider
7 Road Safety Market: Government Role
8 Market Characteristics
9 Trends, Roadmap and Projects
10 Solutions: Market Size & Analysis
11 Services: Market Size & Analysis
12 Technology: Market Size & Analysis
13 Regions: Market Size & Analysis
14 Global Generalist
15 Companies to Watch For
16 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/4sqrwz/global_road?w=4
