Road Safety Market Size by 2027 | Industry Segmentation by Type, Application, Key News by 2027

Overview of Global Road Safety Market

The Global Road Safety Market is expected to be valued at USD 5.77 Billion in 2027 from USD 2.96 Billion in 2019, registering a CAGR of 9.2% through the forecast period. The rising number of road accidents worldwide is attributing to the industry’s growth. The growing need for road structure improvement to ensure public security is primarily fueling the growth of the sector for road safety.

The market is anticipated to grow exponentially due to the recent progression of technology and developments in products and services. The report further analyzes the revenue growth at the global, regional, and country level with an extensive analysis of current and future industry trends pertaining to each segment and sub-segment.Furthermore, the report analyses the manufacturing process segment, competitive benchmarking, revenue shares of the leading company, regional and global opportunities, latest trends, and market dynamics, and historical data and forecasts.

The report provides an in-depth analysis of the competitive landscape and covers profiles of key players, along with their product portfolios and business strategies. Key players of the market mentioned in the report are REDFLEX HOLDINGS, SWARCO, SENSYS GATSO GROUP, IDEMIA, JENOPTIK, KAPSCH TRAFFICCOM, FLIR SYSTEMS, MOTOROLA SOLUTIONS, SIEMENS, and CUBIC CORPORATION. The report offers an in-depth analysis of strategic initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions, among others.

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