Uploaded on Mar 10, 2022
The road safety market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 10.1% in the forecast period of 2021 to 2028 and expected to reach USD 8,542.86 million by 2028. The increasing growth in number of accidents is boosting the growth of the market. https://www.databridgemarketresearch.com/reports/global-road-safety-market
Road Safety Market Industry Analysis, Size, Share, Growth and Forecast To 2028
Road Safety Market Industry Analysis, Size, Share,
Growth and Forecast To 2028
Road Safety Market, By Component (Solutions, Services), Technology (Surveillance,
Sensors-Based Devices, Radar, Analytics), Road Type (Cities, Highways, Rural Roads,
Others), Industry Trends and Forecast to 2028
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Market Analysis and Insights
The road safety market is expected to gain market growth in the forecast period of 2021
to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR
of 10.1% in the forecast period of 2021 to 2028 and expected to reach USD 8,542.86
million by 2028. The increasing growth in number of accidents is boosting the growth of
the market.
Road safety involves taking several steps for reducing the risk of road traffic injuries and
death. The road safety measures are not only taken for car occupants but are also taken
for cyclists, pedestrians and motorcyclists. The increase in the number of road accidents
especially in the regions that lack road safety infrastructure has created a high need for
road safety solutions to prevent these accidents.
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Major Key Players
Some of the major players operating in this market are :
• JENOPTIK AG
• Sensys Gatso Group AB
• SWARCO
• INFORMATION ENGINEERING GROUP INC.
• Syntell (Pty) Ltd (a subsidiary of Hosken Consolidated Investments),
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Market Segmentation
• By Component (Solutions, Services)
• By Technology (Surveillance, Sensors-Based Devices, Radar, Analytics)
• By Road Type (Cities, Highways, Rural Roads, Others)
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Regional Analysis
Based on geography, the market is segmented into five geographical
regions
North America
Europe
Asia-Pacific
South America
Middle East
Africa
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About Data Bridge Market
Research
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