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Road Safety Market worth $4.9 billion by 2025 - Exclusive Report by MarketsandMarkets™

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=93636585 Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=93636585 The solution segment is expected to lead the Road Safety Market during the forecast period owing to the demand of government agencies to protect pedestrians and vehicle drivers from all types of road accidents. The road safety solutions include enforcement solution; incident detection and response; ALPR/ANPR,...
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The road safety solutions include enforcement solution; incident detection and response; ALPR/ANPR, and others (railroad crossing safety, school bus stop-arm enforcement, and back-office systems). The enforcement solution segment has been further divided into red light enforcement, speed enforcement, bus lane enforcement, and section enforcement. These solutions enable government agencies to protect pedestrians and vehicle drivers from all types of road accidents. With the rapid increase in the number of vehicles on the road, these solutions are gaining traction across the globe

Speed enforcement system plays a significant role in checking whether road vehicles comply with the recommended speed limit on roads and highways. Speed enforcement includes the use of cameras, parabolic radars using radio waves, and other technologies, including LiDAR, and number plate recognition. LiDAR-based systems are more suitable for detecting speed violations in congested traffic conditions. This is because, the speed enforcement solution helps acquire a specific target (in this case, a vehicle) when attempting to determine the speed of that vehicle in a congested and crowded roadway. Hence, LiDAR is a widely used tool in speed enforcement solutions.

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Based on region, North America is expected to lead the Road Safety Market during the forecast period. It is the most advanced region in terms of technological adoption and infrastructure development. The US residents own on an average of 800 cars per 1,000 residents, whereas Canada has around 650 cars per 1,000 residents. To manage and monitor heavy road traffic, the US has deployed some of the most advanced technologies. Various government and law enforcement agencies in the US and Canada are taking initiatives to strengthen the security infrastructure and reduce road fatalities. For instance, some of the major US cities are planning to implement "Vision Zero" strategies, with a focus on developing urban mobility systems, wherein any road traffic death is considered unacceptable.

Major vendors covered in the include Jenoptik ( Germany ), Kapsch TrafficCom ( Austria ), Sensys Gatso Group ( Sweden ), Redflex Holdings ( Australia ), Verra Mobility (US), IDEMIA ( France ), FLIR Systems, (US), Motorola Solutions (US), SWARCO ( Austria ), Information Engineering Group ( Canada ), Cubic Corporation (US), Siemens ( Germany ), Conduent (US), VITRONIC ( Germany ), Kria ( Italy ), Laser Technology (US), Optotraffic, (US), Syntell ( South Africa ), Traffic Management Technologies ( South Africa ), AABMATICA ( India ), Clearview Intelligence (UK), Dahua Technology ( China ), Truvelo (UK), Trifoil (Sultanate of Oman ), and Continental AG ( Germany ).

Digitalization and Internet of Things (IoT) Market

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https://www.marketsandmarkets.com/Market-Reports/public-safety-security-market-1024.html

 by Solution (Smart Signaling, Route Guidance and Route Optimization, Traffic Analytics, and Smart Surveillance), Hardware (Display Boards, Sensors, and Surveillance Cameras), Service, System and Region - Global Forecast to 2024
https://www.marketsandmarkets.com/Market-Reports/traffic-management-market-1036.html

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